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1) Look at the four basic financial statements for any publicly traded corporation. You can find them at the SEC website using their search tool. Find the total assets, liabilities, and shareholders' equity for the most recent year (in the annual report). Study the income statement for the most recent year. What information do these statements provide? Make a list of 10 questions you have about the financial statements. Save the list so you can check to see how many of the questions you are able to answer at the end of the course.
2) You are a consultant who advises potential new business owners. An acquaintance is planning to start a small business that he wants to run as a sole proprietor. But he explains that he does not understand other business forms that he may adopt, and two of his friends may want to join the business in management roles. The business will be a landscaping firm that is expected to grow rapidly and require large investments in equipment in two to three years. Create a PowerPoint presentation for the potential new business owner that compares and contrasts the three main business forms and addresses advantages and disadvantages of each form. Include examples of types of businesses that would best fit each form. Present your recommendation for best business type for the new business owner.
On April 1, Johnson Repair Service was offered $60,000 for the land by a national retail chain. At what value should the land be recorded in Johnson Repair Service's records?
after graduation you plan to work for dynamo corporation for 12 years and then start your own business. you expect to
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division x of charter corporation makes and sells a single product thats used by manufacturers of forklift trucks.
question you are conducting the audit of superior company as of december 31 2008. the following accounts receivable
ethan competed in the annual austin marathon this year and won a 25000 prize for fastest wheelchair entrant. ethan
Three potential investments projects (A, B, and C) at Clouse Corporation all require the same initial investment, have the same useful life (three years), and have no expected salvage value
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Assuming the City maintains it books and records in a manner that facilitates the preparation of the fund financial statements, prepare journal entries, in the Debt Service Fund, for the following transactions.
What is the carrying amount of the bond on Jan 1, 2014 balance sheet?
alexia corporation was organized on january1 2012. it is authorized to issue 10000 shares of 8 100 par value preffered
A business is purchased for 250,000. The fair market value of assets are equipment 90,000, building 135,000, and goodwill 15,000. What is the cost basis for each asset?
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