Write 200–250 words that respond to the following questions with your thoughts, ideas, and comments. Be substantive and clear, and use examples to reinforce your ideas. For this Discussion Board, ple

Write 200–250 words that respond to the following questions with your thoughts, ideas, and comments. Be substantive and clear, and use examples to reinforce your ideas. 

For this Discussion Board, please complete the following:

You have recently been promoted to the position of controller for M&K Industries. You have partnered with a local university to bring in accounting interns to teach them accounting from a hands-on perspective. It is time to begin preparing the financial reports. You want to ensure that the interns understand the following:

• The components of a balance sheet
• The way balance sheets are used
• Limitations of the balance sheet

For this Discussion Board, please complete the following:

Prepare a document that explains each of the following to the interns:

1. Discuss a decision that can be made using the balance sheet.
2. Discuss how an estimate will affect the usefulness of the information in the balance sheet.
3. Discuss what component of the balance sheet you believe is most important and why.

Deliverable Length: 200-250 words