(Answered) Video balance sheet and income statement relationship

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Video : Balance sheet and income statement relationship (khanacademy)

After watching this video, explain the relationship between the balance sheet and income statement in your own words, assuming that you are talking to a layman.

You should not use heavy financial terms because you are talking to someone who has never taken FIN-317 at Strayer :)

Your response must be at least 200 words.

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