Type your homework question here, such as "Help me understand this chemistry 1. CheckPoint: Financial Statements - DueDay 5 • Consider that you have been asked to explain financial statements to someone who knows nothing about accounting. • Review the information on financial statements in Ch. 1 of Fundamental Accounting Principles. • Discuss, in 200 to 300 words, each of the four financial statements. Explain the different components of the statements as well as what the statements tell about a business. 2. Exercise: Accounting and Business Organizations - DueDay 5 • Resource: Fundamental Accounting Principles, p. 30 • Post your answers to Exercises 1-1 and 1-4. problem..."