Question Description

Can you help me understand this Accounting question?

Q1. The income Statement is made up of Revenues and Expenses. The formula for the Income Statement is: Revenues – Expenses = Net Income. Can you provide some examples of Revenue and Expenses accounts?

Q2. The four basic financial statement: if you were a lender or investor, what are some things you would look for to find a strong company? What are some typical financial statement ratios that are calculated from numbers on the balance sheet?

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