HW 1-)Discuss the relationship between profit and ethics. 2-)Explain why the income statement can also be called a “profit-and-loss statement.” What exactly does the word balance mean in the title of...

HW

1-)Discuss the relationship between profit and ethics.

2-)Explain why the income statement can also be called a “profit-and-loss statement.” What exactly does the word balance mean in the title of the balance sheet ? Why do we balance the two halves ?