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Questions -
Q1. Explain the concept of diligence of a good father of a family.
Q2. Peter sold his boarding house complex to Dave. After the sale was perfected, Peter claimed that he is still entitled to the rent payments made by the boarders of the complex. Is Peter correct? Why or why not?
Q3. John agreed to deliver 500 bottles of soft drinks to the warehouse of Tim. However, upon opening of the crates, it was discovered that John mistakenly delivered 500 bottles of lighter fluid. What is John's liability, if any?
Q4. Jack drove his truck at night-time and hit a school bus that was parked in front of a restaurant. Upon investigation, the authorities found out that Jack's truck had no headlights. What kind of negligence was committed by Jack and why?
Q5. Kris obliged herself to sell her car to Carlos on the condition that Carlos would have to steal a ring from ML Pawnshop. Is the obligation valid? Why or why not?
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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