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Write a two to three (2-3) page paper in which you:
1. Describe the purpose of each financial statement. Determine which one (1) is the most effective in communicating the financial health of an organization. Defend your position.
2. Compare the major functions of an accountant to that of a certified public accountant. Make an argument for and against the importance of accounting and accountants in our society from a U.S. or global perspective.
3. Imagine that you have decided to create your own business venture. Determine whether the company will be a service or merchandising company. Describe the differences between the charts of accounts for both companies.
4. Based on the company that you selected in 3, make an argument for automating the accounting process, and implement at least three (3) types of internal controls to prevent or detect theft or fraud.
Your assignment must follow these formatting requirements:
thomas age 8 received taxable interest of 1850 and dividends of 2550 during the year. he has no other income and no
In its income statement for the year ended June 30, 2011, what amount should Blue report as gain before income taxes on disposal of the stock?
x ltd. purchased assets worth 220000 and also took over the liabilitescreditors of y ltd. for a purchase consideration
the gross earnings of the factory workers for vargas company during the month of january are 66000. the employers
on january 15 2013 talbot corporation purchased a parcel of land as a factory site for 425000. an old building on the
the following information is available for satterfields custom glass for the fiscal year ending december 31
the balance sheet caption for common stock is the following common stock without par value 2000000 shares authorized
in 2011 ryan management collected rent revenue for 2012 tenant occupancy. for financial reporting the rent is
hinton company is considering purchasing new equipment for 570000. it is expected that the equipment will produce
prefabricated houses are the specialty of affordable homes inc. of corsicana texas. although affordable homes produces
Determine the payback period and unadjusted rate of return (use average investment) for each alternative. Indicate which investment alternative you would recommend. Explain your choice.
the following account balances at the beginning of january were selected from the general ledger of ocean city
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