Primary Discussion Response is due by Thursday (11:59:59pm Central), Peer Responses are due by Saturday (11:59:59pm Central).

Primary Task Response: Within the Discussion Board area, write 200-250 words that respond to the following questions with your thoughts, ideas, and comments.

Watch the following video in preparation for the discussion:

• Balance sheet and income statements

This will be the foundation for future discussions by your classmates. Be substantive and clear, and use examples to reinforce your ideas. Focus your discussion on the following questions:

• Of the following financial statements, discuss which you believe is the most important for making business decisions: balance sheet, income statement, or the statement of cash flows. Why do you think it is the most important?
• Give an example for how financial statements might be used to make a business decision.