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1. Identify and analyze each of the preceding transactions. 2. Prepare a list of accounts and their balances for Moonlight Bay at January 31, 2012. Reflect the recurring transactions for the month of January but not the necessary month-end adjustments. 3. Identify and analyze the necessary adjustments for each of the following: 3a. Depreciation of the house 3b. Depreciation of the furniture 3c. Interest on the promissory note 4. Prepare in good form the following financial statements: 4a. Income statement for the month ended January 31, 2012 4b. Balance sheet at January 31, 2012
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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