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Point 1: Chevron Ltd and Esso Ltd are companies that have newly discovered oil wells in South East Asia. There is some distance to the nearest port and, rather than build separate pipelines, they have agreed to jointly build a pipeline to the port and share the use of the pipeline for transporting oil. The management of the pipeline is conducted in accordance with an agreement between Chevron Ltd and Esso Ltd, which requires unanimous agreement in relation to such issues as maintenance and future expansion or contraction of the pipeline. WPL Ltd also has oil wells in the area and has agreed to use any excess capacity of the pipeline.
Required
Question 1: Discuss how you would account for the pipeline.
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?
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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
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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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