Please answer each of the following questions in detail and provide in-text citations in support of your argument. Include examples whenever applicable.
- Provide an explanation of the three basic financial statements, namely, the balance sheet, the income statement, and the statement of cash flows.
- Analyze the relation between change in equity, the net income, and the cash flows from investing activities, during a period.
- Please describe and provide examples demonstrating your understanding of retained earnings, in which financial statement it is recorded, and under which category.
note: the answer has to be in APA format
