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Unformatted text preview: generally accepted accounting principles (GAAP)? How do you know? (8) Did the companys total assets increase or decrease during the year? (9) Write out the companys basic accounting (balance sheet) equation as of the end of the companys most recent year. (10) Did the company earn a profit in its most recent year? If so, how much was it? If not, what was the companys loss? (11) What is the companys current stock price? State the date. Where did you find its stock price? Turn in a nice, clean copy of the companys latest balance sheet, income statement, & cash flow statement from the companys latest annual report and your answers to the questions. NOTE: DO NOT turn in the entire report. Only those statements listed above. * I will provide the lsit of companies at the beginning of the semester....
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- Spring '11
- Financial Accounting