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devry acct304 week 2 discussion




Question;The balance sheet is one of the first financial statements I turn to;when reviewing a company. You can learn a lot about a company by looking;at its balance sheet. The balance sheet is also called the statement of;financial position. Why is this? What is the purpose of the balance;sheet?;Q2;Disclosure Notes (graded);Disclosures are required to elaborate on certain items;that are presented in summarized form in the financial statements. There are;specific disclosure notes that are required to be present in all financial;statements, while others may be unique to the disclosure needs of a particular;company.;Let's start by discussing the three required disclosures. Please pick one and;explain what information is to be included in the note;Summary of;Significant Accounting Policies;Subsequent Events;Third Party;Transactions


Paper#58339 | Written in 18-Jul-2015

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