Posted: September 9th, 2022

You have decided to open a business with a partner. Your partner does not under

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You have decided to open a business with a partner. Your partner does not understand what type of decisions will be made using the financial statements.
Using the information provided in Chapter 1, provide an explanation of the four financial statements and at least one decision that management would make using each financial statement.
You must use at least 1 outside source (not your textbook). Your post should be formatted as follows:
Income Statement
–Explain the purpose, structure, and content of this statement
–Explain specifically a decision a manager would make using this financial statement (include the items in the financial statement that would provide the information for this decision).
Continue listing the statement name, the purpose, structure, and content and explain a decision for the remaining 3 statements.

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