Four finance questions | Business & Finance homework help

I NEED THE following FOUR QUESTIONS ANSWERED. they will be checked for plagiarism. no specific word count needed just answer the questions as they are asked. Im paying $10. Would like this completed by tomorrow 

 

         In what type of accounting system must debits always equal credits? What is the accounting identity? What is the connection between “debits always equal credits” and the accounting identity?

 

         What is the difference between a current asset and a long-term asset? What is the difference between a current liability and a long-term liability? What is the difference between a debtor’s claim and an owner’s claim?

 

         Why is the term residual claimant applied to a shareholder (owner) of a business?

 

 

         What is the difference between net income and operating cash flow?

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