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Take a step back in time and imagine Polaris in its infancy as a company. The year is 1954. Required:1. Read the history of Polaris at www.Polaris.com. Identify the founder of the company. 2. Assume that Polaris was originally organized as a partnership. Polaris income statement in Appendix A varies in several key ways from what it would look like for a partnership. Identify at least two ways in which a corporate income statement differs from a partnership income statement. 3. Compare the Polaris balance sheet in Appendix A to what a partnership balance sheet would have shown. Identify and explain any account differences we would anticipate.
when are companies likely to use job costing system or process costing system? describe the specific charaacteristics
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