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Question 1: Identify the account as an asset, liability, or equity by entering the letter of the account type beside the account name. If the item is an equity account, indicate the type of equity account.
1. Buildings
2. Building Repair Expense
3. Wages Expense
4. Wages Payable
5. Notes Receivable
6. Notes Payable
7. Prepaid Advertising
8. Advertising Expense
9. Advertising Payable
10. Unearned Advertising
11. Advertising Revenue
12. Interest Income
13. Interest Expense
14. Interest Payable
15. Subscription Revenue
16. Unearned Subscription Revenue
17. Prepaid Subscription Fees
18. Supplies
19. Supplies Expense
20. Rent Revenue
21. Unearned Rent Revenue
22. Prepaid Rent
23. Rent Payable
24. Service Revenue
25. Jessica Vuong, Withdrawals
26. Jessica Vuong, Capital
27. Salaries Expense
28. Salaries Payable
29. Furniture
Financial Statement Analysis and Preparation
Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?
An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.
Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.
This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited
Prepare general journal entries for Goela Ltd
Prepare the journal entry to record the acquisition of the assets.
Prepare general journal entries to record the transactions, assuming use of the periodic inventory system
Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.
Explain the IASB Conceptual Framework's perspective of users and their decisions.
T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .
Computation of Free Cash Flow
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