Discuss the difference between the Balance Sheet and Income Statement. How can the information on both statements influence your investment decision making?

Business

Question 1:
Discuss the difference between the Balance Sheet and Income Statement. How can the information on both statements influence your investment decision making?

Question 2:
Discuss why it is important to diversify an investment portfolio. Given the present economic situation where would you invest your money (companies) and why?

Question 3:
Why do businesses file for bankruptcy and who stand to benefit?