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Question: In no more than 525 words, use your company's 10k from Week 1 to report on the following:
• Locate the company's statement of cash flows.
• Identify whether the company uses the direct or indirect method in preparing the statement of cash flows.
• Identify the major items that create differences between net income and net cash provided by operating activities.
• Identify the significant items in cash flows from investing activities. What do these tell you about the company?
• Identify the significant items in cash flow from financing activities. What do these tell you about the company?
• What disclosures does the company make about liquidity in the 10-K?
• Based on your additional analysis of the company, how has your evaluation of the company's financial health changed since your analysis during Week 3?
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In making judgments about materiality at the account balance level, the auditor must consider the relationship between it and financial statement materiality. This should lead the auditor to plan the audit to detect misstatements that:
Supposing that a linear functional relationship exists, determine the equation that relates total costs to total sales. Describe why the nature of the relationship may change if sales exceed $5,000.
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kansas enterprises purchased equipment for 79500 on january 1 2012. the equipment is expected to have a five-year life
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