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by | Nov 20, 2022 | Accounting

 

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Respond:
-Explain the purpose of a balance sheet, and how it communicates information on the performance of a firm.
-Are there any specific considerations that must be taken into account when reviewing a balance sheet, focusing on asset and liability recognition?
– Research a company’s 10k within the past 5 years and analyze its most recent balance sheet. Share your evaluation of their liquidity based on a comparison of their current assets and current liabilities, and also their solvency based upon a review of their long-term debt levels.
-What is the potential impact of differences in areas such as inventory valuation and depreciation methods on reporting accuracy?
-Luke 16:10-12 presents us with a parable that speaks to faithfulness, honesty, and trust. Referring to this Scripture, discuss how we can all be in alignment with resource stewardship and management?

 

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