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1. Discuss the difference between accounting and finance.
2. Describe the types of accounting systems and who uses financial information.
3. Discuss how financial statement analysis is used as a risk identification method.
4. Explain the purposes and components of an income statement, balance sheet and statement of cash flows.
5. Discuss the definition of cost of capital and the sources of capital to the organization.
6. Discuss the purposes and formulas of common financial ratios in time series and cross section analysis.
The type of adjusting entry needed at year-end (Use the following codes: A, adjustment of a prepaid expense; B, adjustment of an unearned revenue; C, adjustment to record an accrued expense; or D, adjustment to record an accrued revenue.)
the following information was taken from the accounting records of palmetto company for the month of januarybalance per
mallcentral sells 1000000 hardcover books a day at an average price of 30. assume that mallcentrals purchase price for
Instructions (1) Determine other comprehensive income for 2013. (2) Compute comprehensive income for 2013
you are the cfo of a bank which has three options for purchasing a piece of land. first you can pay 200000 today.
shown here are condensed income statements for two different companies both are organized as llcs and pay no income
a company is considering investing in manufacturing equipment expected to cost 184000. the equipment has an estimated
on december 31 2012 dow steel corporation had 660000 shares of common stock and 36000 shares of 10 noncumulative
Ray Bond sells handcrafted yard decorations at county fairs. The variable cost to make these is $20 each, and he sells them for $50. The cost to rent a booth at the fair is $150. How many of these must Ray sell to break even
homeland securities manufactures cameras and microphones. the following information is availablecamerasmicrophonestotal
kenneth washingtons weekly gross earnings for the week ending december 18 were 1230 and his federal income tax
Journalize the transactions and the closing entries for net income and dividends.
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