Assessment Description
In your own words, compare the information provided by the balance sheet and the income statement. When considering scenarios like
a supplier planning to extend credit with terms of payment in 60 days, indicate which type of financial statement you would use and
provide a detailed rationale as to why you selected that type of financial statement. Participate in further discussion by identifying a peer
that selected a different financial statement and provide a detailed explanation as to whether you agree or disagree with the
peer's rationale.