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accounting homework

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1. (TCO 1) What type of accounting information is provided to external users? What type of accounting information is provided to internal users? (Points: 12);Question 2. 2. (TCO 2) Suppose your company paid $12,000 in cash for its rent. How does this transaction impact the accounting equation? (Points: 12);Question 3. 3. (TCO 3) Rationalization is one of the components of the fraud triangle. What types of rationalization could a person use to justify misconduct? How can a company protect itself from rationalization as a part of fraud? (Points: 12);Question 4. 4. (TCO 4) What is horizontal analysis of financial statements? How does horizontal analysis differ from vertical analysis? (Points: 12);Question 1. 1. (TCO 3) Physical control is a key feature in an internal control system. Why is physical control such an important internal control? Give an example of physical control as an internal control. (Points: 24);Question 2. 2. (TCO 1) Describe the income statement. Why is this statement important to the company, creditors, and investors? (Points: 24);Question 3. 3. (TCO 4) Name and describe one liquidity ratio. What does this ratio measure? What is the formula for this ratio? (Points: 24)

 

Paper#77483 | Written in 18-Jul-2015

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