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Sheet Sheets : Balance Sheet

- Balance Sheet Template [Type the document subtitle] [Pick the date] Comsdev www.aftemplates.com   Contents Balance Sheet Extract 2 Answer 1.1 4 Answer 1.2 4 Answer 2 7 Answer 3 8 Reference List 10 Balance Sheet Extract Extract of Accounts CO1 CO2 CO3 CO4 CO4 Indexed 2X16 2X16 2X16 2X16 2X16 Accounts Payable 4.67% 1.81% 14.65% 6.14% 7.32% Accounts Receivable (Net) 23.71% 6.95% 14.24% 3.56% 5.40% Accrued Expenses 1.80% 4.00% 4.97% 4.69% 2.93% Cash and Cash equivalents 1.68% 20.40% 1.63% 2.68% 0.69% Current Assets - Other 3.94% 1.61% 1.11% 3.74% 0.73% Debt (short term) 0.02% 0.05% 4.20% 5.14% 5.14% Deferred Tax Liability 0.00% 0.65% 2.72% 4.10% 6.75% Intangibles 17.53% 14...   [tags: Balance sheet, Financial statements, Asset]

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Human Assets On The Balance Sheet

- Human assets and whether there should be a value on humans has been a controversial issue in the recent years. Some individuals have argued that humans could be classified as assets because humans are a valuable resource of a business and placing value will help indicate importance to managers in order to cultivate the asset. However, others may object to the idea that humans are assets as this could be seen as demeaning; being listed alongside other business assets including inventory, plant and machinery....   [tags: Balance sheet, Asset]

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Customer Statement, Balance Sheet And Cash Flow

- Expanding Your Business Natalie Price Dr. Roy Fune BUS 402 – Small Business Management August 29, 2016   Expanding your Business Income Statement , Balance Sheet and Cash Flow Income Statement Year 1 Year 2 Year 3 Sales $835,000 $916,000 $1013,200 Cost of Sales $540,000 $589,500 $658,458 Gross Profit $295,000 $326,500 $354,742 Wages Expense $42,000 $46,500 $58,954 Selling & Admin. Expenses $120,000 $1,20,000 $1,20,000 Depreciation $12,000 $12,000 $12,000 Other $43,000 $43,000 $43,000 Total Expenses $217,000 $221,500 $233,950 Net Income Before Interest & Taxes $78,000 $105,000 $120,792 Interest Expense $13,200 $13,200 $5,200 Taxes $17,950 $26,665 $47,667 Net Income After Ta...   [tags: Balance sheet]

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Balance Sheet Provided Or Xy Bank And Cover The Differences Between A Company

- In this paper, we review the balance sheet provided or XY Bank and cover the differences between a company and a bank’s balance sheet. Additionally we highlight why some of the balance sheet figures are what they are and look at loans and securities and cash levels held at the bank. Balance Sheet of XY Bank Analysis To understand why a bank’s balance sheet will be different to a commercial (non-financial) company’s balance sheet we first need to define what information a balance sheet provides....   [tags: Asset, Balance sheet, Liability]

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The Company 's Balance Sheet

- In regards to the corporation’s balance sheet, it is necessary to place an importance on liquidity ratios to demonstrate the company’s ability to pay its short term obligations such as accounts payable and notes that have a duration of less than one year. These commonly used liquidity ratios include the current ratio, quick ratio, and cash ratio. All three ratios are used to measure the liquidity of a company or business. The current ratio is used to indicate a business’s ability to meet maturing obligations....   [tags: Generally Accepted Accounting Principles]

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Importance of Income Statement and Balance Sheet

- The income statement called the statement of earnings reports the amount of net income earned by a company during a period. Almost every day The Wall Street Journal contains report of net income or earnings figures announced by companies the day before. Stock prices go up or down depending on whether their announced earnings meet investors’ expectations. For instance if there was an increase in the price of share of a specific company the increase is compared to net income of the previous year. This high level of interest centered on net income makes it apparent that investors find this accounting number useful in evaluating the health and performance of a business....   [tags: Accounting]

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Revisions of Off-Balance Sheet Financing

- During the 1990s, the United States had one of the most successful economic periods in history. The GDP of the country increased substantially and unemployment was at a historically low level. With the success of the U.S. economy during this period spilling over into the next decade, revelations of corporate scandal and corporate governance oversight came to light. The Enron scandal of 2001 and the Wall Street Meltdown of 2008 are two noteworthy events of inadequate accounting policies that led to economic catastrophe during the past decade....   [tags: Business Finance ]

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The Balance Sheet

- The Balance Sheet Although the balance sheet was first implemented just a couple of centuries ago, it has quckly developed and sophisticated to become nowadays a widely used and powerful tool in the hands of professional users, well known and popular even among the mass public. In spite of its prominence, or may be because of it, the balance sheet can not be easily and fully described in a few words, but still, if we leave aside its various functions and forms and any other subjective factors, we can state that the balance sheet is a summary of an enterprises' assets, liabilities and equity at a specific moment of time....   [tags: essays papers]

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The Balance Sheet

- Before establishing the accuracy of the balance sheet as a valuation tool it is important to understand that to produce a document that shows the exact value of a company is virtually impossible. The combination of all assets, liabilities, owners equity and many other factors must be calculated in order to reach a final value. However, the methods used when valuing, and the constant changes in the economy and inflation make the value of the company itself a constantly changing figure. Therefore should an accurate value of the company be produced it would only be accurate at the time it is produced....   [tags: Financial Statements Accounting]

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The Fiscal Theory And Central Bank 's Balance Sheet

- The central bank’s balance sheet in the small open economy: the fiscal theory and central banks’ solvency The central bank’s balance sheet has been in economists’ attentions for a long time. Since the late 1990s, researchers have used the government and the central bank’s balance sheet to develop the fiscal theory of the price level explaining how the central bank chooses the price level (Leeper 1991; Sims 1994; Cochrane 1996; Loyo 1999; Cochrane 2005). Recently, this attention in the central bank’s balance sheet has been magnified in academic researches since the Quantitative Easing initiated by some countries after the financial crisis....   [tags: Monetary policy, Central bank, Inflation]

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Case Study : Off Balance Sheet Accounting

- Off-balance sheet accounting boils down to the simple question: should the sponsoring entity consolidate or not. From the 1980s to the 1990s it was common for sponsoring companies to avoid consolidations despite the fact that they maintained control of assets of special purpose entities (SPEs). Ultimately, this allowed sponsoring companies to hide losses and debt from their own financial statements. From a principles-based view, companies should have to report the assets of a SPE on their financial statements if the sponsoring company has maintained control of the assets, if the risk has not been transferred to the special purpose entities (SPE), and/ or the SPEs is not independent....   [tags: Enron, Enron scandal, Special purpose entity]

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Accounts Payable And A Company 's Balance Sheet

- Accounts Payable is money owed by a business to its suppliers shown as a liability on a company’s balance sheet. It’s distinct from notes payable liabilities, which are debts created by formal legal instrument documents. The accounts payable is important to the company because it involves all of the company’s payments outside the office besides payroll. It’s the way the office handles all of the money owed. The accounts payable payments may be carried out by a department in a larger corporation, by the staff in a medium-sized office, and by a book keeper in a smaller office setting....   [tags: Accounts receivable, Accounts payable]

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Financial Performance And Status From A Balance Sheet Perspective

- Question One: ITStaffing’s financial performance and status from a balance sheet perspective ITStaffing has had a strong financial position between 2009 and 2011. One of the factors that support this is the results of the current ratio for the three years. Current ratio is a liquidity measure which shows the ability of a company to settle its current liabilities using its current assets. (Young and Cohen, 2013). It is computed as current assets divided by current liabilities. In 2009, 2010 and 2011, the current ratio of ITStaffing was 4.96, 7.79 and 9.21 respectively....   [tags: Financial ratios, Revenue]

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Balance Sheet Analysis Applebees International 2004

- Balance Sheet Analysis Applebee’s International 2004      In analyzing the common-size balance sheet for Applebee’s, it is noted that the total current assets has jumped from 11% to 14% of the total assets. The total assets for Applebee’s has jumped 6% from 2000 to 2001 driven by increased in the total current assets of 28%. Of those 28% increase, they consisted of 88% increase in the Cash & Equivalents (increased of $10.6 millions) caused by the decreased in the Capital Stock repurchasing in 2001 by Applebee’s....   [tags: Finance Financial Business Essays]

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The Balance Sheets Of Alphabet And Google

- Google has achieved record results to the point of announcing a massive share buyback to satisfy its shareholders, the stock blazing and the company 's market capitalization exceeds $ 500 billion. The balance sheets of Alphabet and Google (in millions) As of December 31, 2013 2014 2015 Consolidated Balance Sheet Data: Cash, cash equivalents, and marketable securities $58717 $64395 $73066 Total assets 109050 129187 147461 Total long...   [tags: Balance sheet, Asset, Google Chrome, Google]

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A Short Term Sheet Of Coca Cola

- Quick ratio indicates the short term liquidity position of the company. The quick ratio indicates the company’s ability to meet its short term liabilities with its most liquid assets (Pech, et al., 2015). For assessing the availability of most liquid current assets to pay off current liabilities, the inventory is excluded while computing it. From the above table, it is indicated that in 2013 coca cola had 1.007 of liquid assets available to satisfy its 1 dollar of current liability. In comparison to previous year the liquid assets against single dollar of current liabilities is reduced and in 2014 it is 0.9231 which indicates that now for paying off one dollar of liability, coca cola has les...   [tags: Financial ratios, Balance sheet, Asset]

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Factors Affecting The Daily Operations Of An Organization

- Assets play an important role in the daily operations of an organization. Assets are considered resources that add value to the business, fund daily operations and are used to cover expenses that have been incurred by the business or organization (Asset, n.d.). Assets are listed on the balance sheet of an organization’s financial statements, which can be used as a decision making tool by owners, management, investors and creditors. There are two classifications of assets recognized on the balance sheet: current and noncurrent/long-term, assets....   [tags: Balance sheet]

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Personal Statement Of Cash Flows And The Three Standard Sections Contained

- Introduction Managers within the firm, as well as the firm’s owners and lenders, keep track of the firm’s performance by reviewing its financial statements - income statement, balance sheet, and statement of cash flows. I will discuss several items regarding these financial statements. Firstly, I will discuss the purpose of the income statement and identify the major types of expenses that are shown on the income statement. Secondly, I will discuss the purpose of the balance sheet and identify the major types of assets, including the claims of creditors and owners shown on the balance sheet....   [tags: Balance sheet]

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Use Of Financial Statements For Measure Business Performance

- Unit 4 - Assignment 4 - Use of Financial Statements to Measure Business Performance Introduction The purpose of a financial statement is to provide information about the financial performance and changes in the financial position of a business. This is useful information for finance departments or business owners when it comes to making economic decisions. Each business keeps various types of financial record to monitor its performance and ensure that taxes are paid. These include cash flow statements, profit and loss accounts and a balance sheet....   [tags: Balance sheet]

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Corporate Lease Is Better For An Organization Or Does It Create Financial Turmoil?

- Introduction This presentation is to determine whether or not if an operating lease is better for an organization or does it create financial turmoil. Schroeder et al (2011) states that firms use alternative means of acquiring long term assets, mainly through leasing. The use of a lease can also be used for inappropriate misconduct on behalf of management. In the business environment, firms use one of two types of leases; capital and operating. Determining which lease is more beneficial for an entity, depends on the organization’s missions and goals....   [tags: Balance sheet]

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Financial Statements : A Portrait Of Organizational Health

- Financial Statements: A Portrait of Organizational Health Conducting business is all about making decisions. Firms need to decide whether to reinvest their profits or pay dividends. Lenders need to decide whether or not to loan money to a particular firm and what interest rate is appropriate to covers the risk associated with lending. Investors need to determine which stocks will provide the greatest return for the least amount of risk. For all the decisions listed thus far (and many more that were not mentioned), interested parties use the financial statements of a firm to aid in making these decisions....   [tags: Balance sheet]

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The Johns Hopkins Hospital Long History

- The Johns Hopkins Hospital long history has likewise possessed the capacity to give broad budgetary data that has been given consistently in monetary reports. These reports have given significant data to speculators investigating the organization of its current and past financial responsibility to its community and internal stakeholders.   Balance Sheet Case Study of John Hopkins Hospital The Johns Hopkins Hospital officially opened May 7, 1889. It was the first teaching hospital, designed to unite functions of patient care with education and research....   [tags: Balance sheet]

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Financial Planning For Corporations : Annual Report

- Introduction An important part of financial planning for corporations is the annual report. Publically held companies are required to submit an annual report to the SEC and private companies, even though not required, can use an annual report to gauge the performance of the company for the past year and use the report to plan for the future. The financial statements that make up an annual report are the income statement, the balance sheet, and the statement of cash flows. (Melicher, 2014) Once all of the financial information has been compiled and the three statements that make up the annual report have been completed a corporation can then start to analyze the data....   [tags: Balance sheet]

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Benefits Of The Conceptual Framework For Preparers And Users Of Financial Statements

- A. Discuss the benefits of the conceptual framework to preparers and users of Financial Statements. a. Preparers There are two different approaches to be applied in order to determining profits¬. These approaches are the asset/ liability approach and the revenue/ expense approach. The NZ Framework as well as most conceptual framework uses the asset/ liability approach. This framework assists preparers determining definitions of assets and liabilities and the definitions of all the other elements flow from them such as expenses, income, and equity....   [tags: Balance sheet]

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What Does The Accounting Cycle Mean?

- What does the accounting cycle mean. First, let us define the accounting cycle, the method in which a company or business, no matter the size supplies their economic reports for a certain time frame. During an accounting cycle report, you have to use the cash receipts, accounts receivable and payables along with other financial information for a business to keep track of the business’ profitability. During an accounting cycle report, you have ten steps that should be used to give an accurate account of a company or business to determine their profitability....   [tags: Balance sheet]

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Ratio Analysis : Performance, Financial Status, And Cash Flow Of The Company

- Ratio analysis is used to evaluate information from financial statements to understand the results, financial status, and cash flow of the company. Ratio analysis is used to show the overall production of a company to educate personal such as; a credit analyst, lender or stock analyst. A company’s financial information, the profitability, debt, activities and investments all come from different venues. The information is gathered and presented in a financial statement that companies have been using for years to make important decisions....   [tags: Balance sheet]

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A Business And Microsoft Is The Primary Beneficiary Of This Business

- 1. a. Though NDS is not a separate company, it’s a business and Microsoft is the primary beneficiary of this business. Microsoft acquired “substantially all” of NDS, in the other word, Microsoft had control over NDS and it bought both NDS’ assets and liabilities. According to ASC Paragraph 805-10-25-01, this transaction qualifies as a business combination. Hence Microsoft should apply acquisition method. b. Assets and liabilities reported as business combination and purchase can have substantial differences on acquirer’s financial statements....   [tags: Balance sheet]

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Information On The Origin And Development Of Global Financial Reporting

- Information on the origin and development of global financial reporting including the driving forces behind it. Comparability of financial information which was thought to be greed had always been presumed one of the driving forces behind U.S. accounting standards. Implications of events and transactions in international commerce and finance began to impact the domestic accounting environment. The mission of the FASB was revised at that time to incorporate the objective of promoting the international comparability of accounting standards concurrent with improving the quality of financial reporting....   [tags: Balance sheet]

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Is Intangible Assets Represent Significant Part Of Firm 's Capital

- Abstract Intangible assets represent significant part of firm 's capital. Some of the intangible are not recognized on company 's financial reports. That creates an issue with underestimation of firm 's market value and demonstrates the inconsistencies of US GAAP. The objective of this paper to compares and contrast accounting standard to help improve reliability of financial reporting. Introduction In today 's business world companies try every way to gain and sustain competitive advantage....   [tags: Balance sheet]

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The Board Of Directors : Starbuck Coffee United Kingdom

- 31 December 2014 The Board of Directors Starbuck Coffee United kingdom Management Representation Letter Dear Sir/Madam In connection with your audit to the financial statements of Starbuck Coffee United Kingdom as at December 31, 2014 and for the purpose of expressing an opinion as to whether the financial statements present fairly, in all material respect, the financial position, results of operations and cash flow Starbuck Coffee United Kingdom....   [tags: Balance sheet]

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Case Study Questions On International Financial Management

- TUI UNIVERSITY Mathew Shannon Module 1 Case Assignment ACC 403 –Principles of Accounting Dr. Craig Mayberry December 2015 Session International Financial Management I. Generally Accepted Accounting Principles (U.S. GAAP): GAAP is a combination of authoritative standards and simply the commonly accepted ways of recording and reporting accounting information. They are imposed on companies so investors have a basic understanding of the financial statements used to analyze American companies for investing purposes....   [tags: Balance sheet]

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The Global Economy Is Regulated By Two Main Accounting Systems

- The global economy is regulated by two main accounting systems: (1) United States Generally Accepted Accounting Principles, also known as U.S. GAAP, and the (2) International Generally Accepted Accounting Principles, also known as iGAAP. As the abbreviations dictate, U.S. GAAP are the standards that regulate U.S. accounting procedures and iGAAP are standards that regulate international organizations. Both standards are alike with respect to language, procedures and reporting but there are enough key differences in reporting that it keeps a steady discussion on which standard is more suitable for and international accounting system....   [tags: Balance sheet]

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Financial Statement Fraud : The Biggest Types Of Fraud

- Financial statement fraud is one of the biggest types of fraud in today’s business world. The complexity and mechanism of financial statement fraud brought the attention of auditors and regulators. Financial scandals of Enron, WorldCom, Xerox, Tyco, Parmalat, Qwest, and Satam Computers increased the auditors’ responsibility in detecting and preventing fraudulent transactions. Corporate financial fraud had negative consequences for the market capitalization due to gigantic losses of investors. In addition, accounting scandals of early 2000th ruined auditors’ reputation and the public trust....   [tags: Balance sheet]

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Analysis Of Charter Communications Prior Its Bankruptcy

- Analysis of Charter Communications Prior its Bankruptcy Company Background and History Charter Communications, Inc. is one of the largest cable providers in the United States. The company started in 1993 and offered cable television and analog video services. Now, Charter provides a variety of television, internet, information, communications solutions, and voice services for both residential and commercial customers. The company operates in 41 states, has about 25,000,000 customers and has 90,000 employees (Charter Communications, 2016)....   [tags: Balance sheet]

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Financial Statement Analysis Of Coca Cola Company

- FINANCIAL STATEMENT ANALYSIS COCA COLA COMPANY Introduction The financial statement of Coca Cola Company is being made on the basis of generally accepted accounting principles as followed in the United States. Assets, Liabilities & equities are measures as per the standards mentioned by the US GAAP. Company has used fair value measurement for certain assets and liabilities which as per the GAAP are required to be recorded in fair value on a recurring basis .Further some of the assets and liabilities are also recorded on fair value which comes under the category of non-recurring fair value measurement usually due to the impairment charges....   [tags: Balance sheet]

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Good Records For An Australian Taxation Office Audit

- Task 1 Good records are crucial for the creation of current financial statements, like the income statement (profit and loss) and cash-flow projection. Those statements are crucial for creating and up keeping good relations with your financial advisors like bankers and shareholders. They also present a complete picture of total business operations of your business, which will at the end benefit you as well. Proper records are also very important at tax time. Poor records can make you to underpay or overpay your company taxes....   [tags: Balance sheet]

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Foreign Direct Investments ( Fdis )

- Considerable differences exist across countries in the accounting treatment of many items. For example, companies in the United States are not allowed to report property, plant, and equipment at amounts greater than historical cost. In contrast, companies in the European Union are allowed to report their assets on the balance sheet at market values (Doupnik & Perera, 2015, pg. 23). Access to foreign and domestic markets can furnish imaginative organizations with learning opportunities and with items and administrations that backing their advancement forms....   [tags: Balance sheet]

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The Financial Analysis Of Cisco System

- Cisco Systems Cisco System was incorporated as information technology organization which has become a leader in internet and networking industry. Cisco System was incorporated during the period of 1984 from the scientist of a university of Stanford, whose prime objective is to find an easier way to link various types of a computer system by developing a network protocol. During the period of 1986, the first system was shipped by Cisco and in current period it has transformed itself into a multi-national giant, having around seventy-two thousand employees and operating in more than one hundred and fifteen countries....   [tags: Balance sheet]

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Benefits And Benefits Of A Company

- As mentioned above, companies can typically capitalise costs only when the resource acquired will provide future benefits. This means resources that are beneficial for the business more than one operating cycle can be capitalised. This means that the expenses from acquiring these resources are recorded as assets in the company’s balance sheet. The costs will then show on the balance sheet in the coming financial years through amortisation. Resources that will continue to provide future benefits could be anything from machinery to a business property....   [tags: Balance sheet]

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Personal Statement On Financial Decision Making Individual

- Financial decision making-individual Name: charan teja chuchikonda Student ID number: 1251159 Dear valued customer, Good day. Monica we would like to thank you for your application for business loan. Your application will be held on file at this time as the information given by you is not enough to lend you a business loan. The balance sheet submitted by you for the year 2011 clearly says that the total assets are equal to the total liabilities and shareholder’s funds. Many other details are missing as you need all that information to put a full proposal to our bank....   [tags: Balance sheet]

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Apple 's Annual Report At The Sec

- Apple does not create an annual report to its shareholders, as more traditional companies do. Consequently, we are analyzing information from Apple’s 10k, which is Apple’s Annual Report to the SEC. The Financial Highlights section of Apple’s Annual Report exhibits a general view of the company’s performance over the past year. In this section, Apple provides a price range of common stock, which represents the high and low sale prices for their stock in the market (NASDAQ). Apple also states how many stockholders have stake in the company and if any cash dividends were paid out to stockholders....   [tags: Balance sheet]

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Risk Assessment Procedures At The Audit

- Risk Assessment - Nick As part of the audit, we are required to perform risk assessment procedures. The risk assessment procedures are used to help gain an understanding of the entity, its environment, and its internal control. Through this understanding we can better assess the risks of material misstatement whether due to error or fraud. While risk assessment procedures alone are not sufficient evidence to support an audit opinion, they aid in determining the nature, extent, and timing of the audit procedures to be performed....   [tags: Balance sheet]

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Management Assertions And The Audit Program

- Management Assertions and the audit program Financial Statement assertions are management’s explanation about the recognition, measurement, presentation, and disclosure of information in the financial statement. Assertions may be classified in five main primary financial statement assertions: • Existence and Occurrence: Transactions recognized in the financial statements have occurred and relate to the entity • Completeness: All transactions that were supposed to be recorded have been recognized in the financial statement • Accuracy and Valuation: Transactions have been recorded accurately at their appropriate amounts • Cutoff: Transactions and events have been recorded in the correct accoun...   [tags: Balance sheet]

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The Principles Of Tax Effect Accounting

- Introduction Tax effect accounting as seen in AASB 112 Income Taxes is multifaceted and the publishers of financial reports need to guarantee that they have the correct knowledge when it comes to the tax and accounting treatments, as well as the differences that occur between the two affected tax assets, liabilities and expenses. The foundation of accounting for company income tax is based on AASB 112 Income Taxes which is established on existing and impending tax consequences of transactions and actions of a period and the future recuperation of assets and settlements of liabilities....   [tags: Balance sheet]

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Buffalo Wild Wings Operated 596 Company

- According to Mergent Online database, Buffalo Wild Wings is a public company, so it has to follow the regulations of SEC and PCAOB and its stock is traded on NASDAQ. Buffalo Wild Wings operated 596 company-owned restaurants, which includes 590 Buffalo Wild Wings, four R Taco, and two PizzaRev restaurants in the U.S and Canada. The company also franchised an additional 579 restaurants, including 573 Buffalo Wild Wings restaurants and six R Taco restaurants. The company’s main source of revenue comes from its restaurant sales and franchise royalties and fee, and its popular entrée from the menu items include its Buffalo and New York-style chicken wings....   [tags: Balance sheet]

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Financial Statements And Corporate Statements

- The Four Financial Statements Financial statements are accounts or records that summarizes fiscal or monetary activities of an organization, an individual, or any article or unit. Fraser and Ormiston informed us that financial statements can seem like a map or maze. As a map it clarifies things but as a maze it can be quite complex. Even though financial statements can be either a maze or a map, it should only be a map. Being a maze causes people to be confused and could also be deceiving or cause them to make the wrong investment decision....   [tags: Balance sheet]

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The Statement Of Financial Position

- TQ1. The statement of financial position (the balance sheet) is one of the basis statements of financial reporting. The balance sheet is expected to present an objective view of the wealth of the entity. The term ‘wealth’ can be interpreted as the current capital/ equity that the entity holds. Thus, as preparing a balance sheet, accountants have provided users with information of the ‘wealth’ of the business. In addition, all financial statements are prepared in the same manner, based on the Conceptual Framework and accounting standards....   [tags: Balance sheet]

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Financial Statements And Financial Statement

- 1. Financial Statements: Are a planning document, but when results come in it becomes a controlling document. It is the formal record of financial activities, and it measures the performance of the organization. Stalk holders and investors see this document before investing in the organization. They are a summary of monetary data about an enterprise. Financial statements are very important for manufacturing company as it helps in assessing the financial condition of the company. It also helps the manufacturing company in making financial plans....   [tags: Balance sheet]

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What Is Capitalising Vs. Expensing

- Business owners need to make many big accounting decisions and what the company does with costs is among the biggest of these decisions. When companies spend money, they are often able to either account to the costs as an expense or to capitalise the costs. The decision will have an impact on the company’s balance sheet. This guide will look at what capitalising vs. expensing is all about, and delve deeper into the situations when companies should capitalise and when to expense. The guide will also look at the effect it has on the financial statements and the limitations of either method....   [tags: Balance sheet]

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Fair Value Accounting Measurement Analysis

- Fair value accounting measurement has been extensively used in financial reporting over last 20 years. Fair value accounting measurement is a financial method in which entity used to measure and report an estimate of the return that the entity will receive if its assets are sold and the entity relieved of its financial liabilities. The entity would report a loss if it reports a reduction in assets or rise in a number of liabilities. There are legitimate debates concerned on usefulness and the implementations of the fair value accounting measurement in regarding the recent financial crunch, the adversaries argued that financial reporting using fair value accounting measurement has an impact o...   [tags: Balance sheet]

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Case Study : Walgreen Co.

- Introduction to company Walgreen Co., is one of the largest drugstores in the United States that was founded in 1901 in Chicago, Illinois. The company’s common stock is also listed in Chicago as well as New York. Where they received their state of incorporations in 1909. Their headquarters are located in Deerfield, Illinois. The President and Chief Executive Officer is Gregory D. Wasson and the Executive Vice-President and Chief Financial Officer is Timothy R. McLevish. The company is considered publicly traded, and is listed number 35 on the Fortune 500 list....   [tags: Balance sheet]

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Company Analysis : Inc.

- Opossumtown, Inc. has been selling different types of equipment to contractors in the construction industry since 2007. It is a publicly traded company and therefore answers to its shareholders. As with all publicly held corporations, the company needs to show consistent growth in revenue from year to year. Therefore, in 2014 in an effort to increase revenue, Opossumtown, Inc. implemented a plan to increase marketing and selling expenses while decreasing selling prices. By implementing these changes, the company is looking to achieve its goal of increasing operating income by 6% and net income by 4%....   [tags: Balance sheet]

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Starbucks As A Corporation Should Have And Be Effectively Executing

- There are many controls that Starbucks as a corporation should have and be effectively executing. The key controls that we think they should have in practice should involve three important categories: revenue recognition, cash, and inventory. These are three of the higher risk areas for any company, therefore, there should be substantial controls for each of these areas for Starbucks. First, since Starbucks uses multiple methods to record their revenues it is essential that there are strong controls making sure that each area of business’ revenue is recognized using the method assigned to that business activity....   [tags: Balance sheet]

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Comprehensive Income Statement For The Year Ended 30

- ABC LTD COMPREHENSIVE INCOME STATEMENT FOR THE YEAR ENDED 30 JUNE 2012 NOTE 2012 Revenue 2 828,500 Cost of sales 3 (460,000) Gross profit 368,500 Other income 4 2,500 Operating expenses 5 361000 Profit before income tax 10000 Income tax expense (30%) 3,000 Profit for the year 7000 Other comprehensive income change in revaulation surplus 38500 Other comprehensive income for the year, net of tax 38500 Total comprehensive income for the year 45500 ABC LTD STATEMENT OF FINANCIAL POSITION FOR THE YEAR ENDED 30 JUNE 2012 NOTES 2012 ASSETS Current assets Cash and cash equivalents 6 100500 Trade and other rec...   [tags: Balance sheet]

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Analysis Of Manpreet Singh ( Nd15375 ) Us

- Manpreet singh (ND15375) US: 6410 Task 1 1.1 Sources: Financial sources NZD Non-financial sources Capital 1,00,000 Experience-skills Bank loan 1,80,000 Qualification her/husband Students fees 20,00,000 NZQA approval Cost/expenses: Expenses NZD Capital expenses NZD Commission 4,00,000 Outfits 72,000 Rent / leases 48,000 Utilities 12,000 Interest 3,600 Wages 3,30,000 The expense are given quarterly in case study, hence all above expenses has done annually as following:- • Utilities- 3000*4=12000 • Rent- 12000*4=48000 • Wages/salaries of staff- • 5 teachers at $50,000p...   [tags: Balance sheet]

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Assets Are Important Part Of Any Business Or Organization

- Assets are an important part of any business or organization. Assets are resources that add value to the business, fund daily operations and are used to pay expenses that have been incurred by the organization. Assets are listed on the balance sheet of an organization’s financial statements, which can be used for decision making by owners, management, investors and creditors of an organization. There are two different classifications of assets recognized on the balance sheet: current and noncurrent, or long-term, assets....   [tags: Balance sheet, Asset]

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Implementing Consolidated Financial Statements For The Single Reporting Entity

- Moreover, for the single reporting entity, there is a variety of procedural steps that must be taken and understood in order to ensure the proper accounting. For instance, the starting point for the preparation of consolidated statements begin with the separate financial statements of the companies and after some adjustments and eliminations of amounts they are added together in order to create appropriate consolidated financial statements. Additionally, a few steps that can be taken into account to properly create consolidated financial statements are as follows: Step 1- Determine which holdings should be reported as subsidiaries....   [tags: Balance sheet, Income statement]

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Hewlett Packard : Personal Computer And Technology Industry

- Hewlett-Packard Company (HP) is known to be one of the major sellers in the Personal Computer and technology industry. The company gets its name from the last names of the two founders of the company by the names of Bill Hewlett and Dave Packard (HP Garage Timeline, 2015). The company that was foundered by Bill and Dave, started in a garage, has developed into a well diverse business that specializes software development, solutions, and products, and technology. After a successful partnership in the late 1930s, Hewlett and Packard incorporated the company “HP” in the year 1947 (HPQ SEC 10-K, pg....   [tags: Balance sheet, Asset]

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Summary : ' Fantastic Asian Take Away '

- Fantastic Asian Take-Away is a small business under the legal format of a sole trader. As the business creates products that are sold to customers and not retailers it is considered to be a merchandising and retail business as opposed to a wholesaler or manufacturer. This business sells a range of different Asian Food products as a take away – however it also offers a service of preparing and delivering food for customers. A sole trader legal form is extremely easy and inexpensive to set up; this is convenient for a small Asian take-away business (Sole Trader, 2016)....   [tags: Balance sheet, Financial statements]

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Analysis Of The Fasb Issued A New Standard

- On February 25, 2016, the FASB issued a new accounting standard with respect to the financial reporting of leases. Under the new standard, lessees will need to report all leases with a long-term on the balance sheets. The new standard purports to increase the comparability and transparency among different companies and provide investors of a more faithful representation with more accurate information on company liabilities. The new financial reporting standard will retain capital leases and operating leases....   [tags: Financial statements, Balance sheet]

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Outline Of A Company 's Cash Flows

- It’s Important for any owner to have a successful and healthy business What attracts other investors is to see that a company is eligible to meet their obligations with their creditors, employees and the investors. Creditors look for a company that is profitable enough to pay their liability (debt). Employees want to work for a company where they can know that they would get pay every month. This is why people look at the company 's cash flows. They’re 4 types of Financial statements. The income statement, reports a company 's revenues and expenses....   [tags: Balance sheet, Cash flow]

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The High Failure Lower Agricultural Deflation Of The 1920 ' S

- The high failure rates in agricultural states can be largely attributed to the effect of the change from rapid price inflation during and post the great war to the crippling agricultural deflation of the 1920’s. Between the years 1915-1920 agricultural prices more than double, leading to a speculative bubble as land values soared, this massive influx of rural wealth lead to rapid increase in the number of banks, who often instead of diversifying redistributed their deposits as agricultural loans....   [tags: Asset, Bank, Balance sheet]

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Intra Firm Comparison Of Economic, Environment, And Financial Aspects

- Intra-firm Comparison of Economic, Environment, and Financial Aspects -CSX After analyzing CSX’s sustainability report and financial statement, the summarized performance indicators are as follows: 3.4/5.0 for economic performance, 4.1/5.0 for environment performance 4.6/5.0 for financial performance. In terms of economic performance, CSX shows a positive trend in the direct economic value generated and distributed based on the data given from 2012 to 2014. It is mentioned that CSX’s economic performance in winter 2014 was affected by the climate, and the coverage of defined benefit plan obligations has decreased....   [tags: Balance sheet, Asset]

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The American Heart Association, Inc. ( Aha )

- The first nonprofit organization that I am examining is the American Heart Association, Inc. (AHA). AHA belongs to the healthcare and welfare category, which means that they mainly rely on voluntary contributions from the general public to perform programs and services. There are five things that AHA’s financial statements inform me about the organization. The first thing that almost everyone would look for, no matter whether it is for-profit or non-profit, is whether the organization is earning money or losing money....   [tags: Balance sheet, Asset, Depreciation]

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1122 words | (3.2 pages) | Preview

Accounting Requirements For Joint Arrangements And Operating Segments

- Date: April 2, 2015 To: The General Manager, PDA Ltd, Australia Subject: Changes in the accounting requirements for Joint Arrangements and Operating Segments 1. Introduction This report highlights the changes prescribed by the Australian Accounting Standards Board (AASB) with regards to accounting for Joint Arrangements and Operating Segments and analyses the level of compliance achieved by Origin Energy Limited in their financial statements for the Fiscal Year 2013-14. 2. Joint Arrangements The Australian Accounting Standards Board (AASB) replaced AASB131 Interest in Joint Ventures with AASB11 Joint Arrangements effective January 1, 2013....   [tags: Balance sheet, Financial statements]

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Analysis Of The Walgreen Co. 's Financial Performance During The Periods Of 2012

- Spring 2016 Walgreen Co. The following represents an analysis of the Walgreen Co.’s financial performance during the periods of 2012 through 2014. In preparing the analysis, historical financial statements were reviewed and financial ratios calculated based on those, which are included in Exhibits to this analysis. The calculations are utilized to provide additional insight regarding the ability of Walgreen Co.’s leadership to effectively operate the business. Leadership’s strategic plan for the company, along with comparative information of competitors within the industry, are important elements to consider in addition to the information provided herein....   [tags: Balance sheet, Inventory, Asset]

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Selling Receivable Before Its Maturity Date For Financial Institutions Or Factoring Companies

- Selling receivable before its maturity date to financial institutions or factoring companies is one of the company’s strategies to obtain an immediate cash and make company’s operating cycle becomes shorter. For providing this service, the financial institution or factoring company requires a compensation such as interest, commission fee, and other requirements to secure the transaction. Consequently, the amount of money received by the company, as a seller or transferor, less than the face value of the account receivable, or it purchases at discount....   [tags: Balance sheet, Asset]

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What Was The Most Surprising Thing That You Learned About Your Charities?

- What was the most surprising thing that you learned about your charities. About UNICEF, I expected that it was just responsible for focusing on the needs and rights of the child over the world. In fact, its aim was more than that it was also to promote the equal rights of women and girls and to support their full participation in the political, social, and economic development of their communities. In instance, celebrating annually the International Day of the Girl Child on October 11 to highlight issues concerning the gender inequality facing young girls....   [tags: Balance sheet, Income statement]

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Evaluation Of A Case For A Voluntary Petition For Reorganization

- Timeline of this case should be clearly organized in order to better understanding this case. In 2009, Poor Son transferred Rich Grandson to Parent. In 2010, Poor Son filed a voluntary petition for reorganization under Chapter 11 of the US bankruptcy code, and Parent deconsolidated Poor Son from statements. In 2011, Poor Son filed an action against Parent seeking to void the transfer of Rich Grandson. In May 2012, the bankruptcy court held a selection meeting in which it considered competing plans of reorganization submitted by four bidders....   [tags: Balance sheet, Asset]

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When Companies ' Books Goodwill, An Intangible Asset

- Whenever companies’ books goodwill, an acquisition has taken place. The term goodwill is when a company purchase another company for more than the fair market value. The excess of a purchase price paid over the fair market value of the acquired assets, minus the fair market value of assumed liabilities equal to goodwill. Goodwill is an unidentifiable intangible asset. Intangible assets are things that will benefit a company for future economic purposes such as patents, copyrights and trademarks....   [tags: Balance sheet, Asset]

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The Case Of Level 3 Fair Value

- In the case of Level 3 fair value estimates, managers have private information concerning appropriate values underlying economic value of items in the financial statements. This organization’s information creates two different problems, moral risk and adverse selection. Also in the more realistic setting, neither the balance sheet and income statement reflects fully all fair value relevant information although management discretion can reduce from its relevance. The risks of fair value accounting disclose no basis for recognizing income but realized gains and losses....   [tags: Balance sheet, Income statement]

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The Main Steps Of Currency Translation

- As mentioned above, currency translations help a company create financial statements that feature a single currency. In fact, companies are often required by the governing tax authority to only use one denominated currency as part of their recording procedure. While currency translation is typically mandatory process, there are certain benefits to currency translation as well. In the modern world, the multinational company is becoming the norm and even small- and medium-sized businesses tend to have cross-border operations....   [tags: Income statement, Balance sheet]

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The And Profit And Loss Accounts

- Introduction It has been explained that the accuracy of the books of accounts is determined by means of preparing a Trial Balance. Having determined the accuracy of the books of accounts every businessman is interested in knowing about two more facts. They are : I. Whether he has earned a profit or suffered a loss during the period covered by the trial balance II. where does he stand now . The determination of Profit or Loss is done by preparing a Trading and Profit and Loss accounts. While the financial position is judged by means of preparing a Balance sheet of the business....   [tags: Income statement, Balance sheet]

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Case Study : Titus Lake Hospital

- General Practices Affiliates is considering an offer from Titus Lake Hospital to join under a provider leasing model. Under a provider leasing model, Titus Lake Hospital is purchasing General Practices Affiliates’ services. The practice will retain control of personnel, management, and practice policies. Titus Lake Hospital submitted financial reports to assure transparency during the lease agreement process. The following analysis will discuss whether Titus Lake hospital is a viable financial partner for General Practice Affiliates, possible implications of the lease, and recommendations....   [tags: Accounts receivable, Balance sheet]

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Swot Analysis Of Green Mountain Coffee

- Keurig Green Mountain in many ways has delivered on all of key goals and priorities. Green Mountain Coffee (GMC) has welcomed a significant number of new brands into the Keurig® family; launched the Keurig® 2.0 system and accelerated new product innovation; implemented continuous productivity and efficiency enhancements throughout the company’s operations; and began the process of globalizing the Company with the launch in the U.K. At the same time, we generated significant value for shareholders by investing behind organic growth and returning nearly $1.2 billion to shareholders via dividends and share repurchases....   [tags: Financial statements, Balance sheet]

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The University Of Chicago Medical Center

- The University of Chicago Medical Center was started in 1899. It is affiliated with and operated by the University of Chicago; it serves as the teaching hospital for students of the institution 's Pritzker School of Medicine. University of Chicago Medical Center is a not-for-profit corporation and is located on the University of Chicago campus. Since opening its doors in 1988, the medical center has seen over a million patients and continues to treat as well as educate people everyday. The medical center offers the full range of specialty and primary care services for adults and children, including the following notable programs: cancer, endocrinology, gastroenterology, geriatrics, heart, ki...   [tags: Balance sheet, Asset]

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Financial Statement For A Management Group

- Financial statement are one of the most important things for a management group. The three most important financial statements are the balance sheet, the income statement and the statement cash flows. It is important that a manager and other groups interested in a business firm’s financial records are able to understand and trust that the numbers are accurate (Pride, Hughes and Kapoor, 2015). To decrease the amount of error or fraud companies go through an audit. An audit is normally conducted by a third party an accountant employed by an outside company....   [tags: Balance sheet, Financial statements]

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Brief History And Recent Success Review

- eBay: Brief History and Recent Success Review Imagine an older, online business where everyone was happily buying and selling from it. People are auctioning off valuables and goods while buying a range of items for a cheaper price. It stays this way on the same black and white website to this very day. EBay has been around since it was “Formed as a sole proprietorship in September 1995," via California. Its platform is meant to allow buyers and sellers with internet access to connect globally. It determines its success by the success of the people buying and selling through it....   [tags: Balance sheet, Revenue]

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The Aspects Of Ias 17

- 'IAS 17 Leases prescribes the accounting policies and discloses applicable to leases, both for lessees and lessors ' (Deloitte, 2015:1). All leases are either classified as a finance lease or an operating lease, with the main difference being the information that is required to be recorded on the balance sheet. As some information is then off-balance-sheet, this can cause problems with the objectives of financial statements. As the objectives are set to provide financial information about the entity to existing and potential investors, lenders and creditors, without this information it is hard for them to see the true value of the company (ACCA, 2011)....   [tags: Balance sheet, Financial statements]

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Differences On The Income Statement

- Differences on the Income Statement Extraordinary Items: One difference of using IFRS and GAAP on the Income Statement is the use of extraordinary items. Under the IFRS rules the use of extraordinary items are prohibited. GAAP rules however allow the use of extraordinary items. Extraordinary items are caused by a gain or loss of an event that is unusual and infrequent. Some examples of extraordinary events are natural disasters or lawsuits. Extraordinary events are not likely to happen again anytime soon....   [tags: Balance sheet, Income statement]

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765 words | (2.2 pages) | Preview

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