The Fourth Message

Dear,

I reply to your questions:
Answer 1. I think that the balance sheet shows the investing and financing activities of a firm.

Answer 2. Shareholders' equity in the U.S is the owners' claim on the assets of a firm without legal reserves.

Sincerely,
Yas

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Dear Yas,

The balance sheet is the oldest financial statement. Based on
balance sheets, eventually capitalism has evolved to provide goods and
services in great quantity. Capital is allocated in a stock market.
Accounting is necessary for the allocation. There is a great deal of
information available about accounting and stock market available on the
WWW.

Please send me the vocabulary of the last lesson.

What have you been doing with your time?

Sincerely,