Define the three basic financial statements, income statement, balance sheet, and statement of cash flows.

There is two questions below please look at that and reply me back ASAP 

Question 01:

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Define the three basic financial statements, income statement, balance sheet, and statement of cash flows.  

Question 02:

Discussion Question 2 – Applied Concepts (AC) – Week/Course Learning Outcomes

 Using your textbook, LIRN-based research, and the Internet, apply the learning outcomes for the week/course and lecture concepts to one of the following scenarios:

As applied to your current professional career

As applied to enhancing, improving, or advancing your current professional career

As applied to a management, leadership, or any decision-making position

As applied to a current or future entrepreneurial endeavor

OR

Using your textbook, LIRN-based research, and the Internet, apply the learning outcomes for the week/course and lecture concepts to a business organization that exhibits and demonstrates these concepts. You should develop a summary of the organizations strategy and how they use these concepts to compete.

This is a learning and application exercise designed to give you an opportunity to apply concepts learned in a pragmatic and meaningful way that will enable you to gain valuable and relevant knowledge in an effort to augment your skill set and enhance your professional career

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