homework 1

homework 1 - Jackie Gragnola BUS 214, Bissonnette January...

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Jackie Gragnola BUS 214, Bissonnette January 10, 2009 Homework 1 17. A) The retained earnings statement and income statement are related because to determine the ending retained earnings, you must add the net income (from the income statement) to the beginning amount of retained earnings. B) The retained earnings statement and the balance sheet are related because the ending amount on the retained earnings statement is equal to the retained earnings amount on the balance sheet. C) The statement of cash flows and the balance sheet are related because the ending amount on the statement of cash flows is equal to the amount of cash on the balance sheet. 18. The purpose of the management discussion and analysis section is to show favorable and unfavorable trends and offer information on events that affect the company’s ability to pay near- term obligations, its ability to fund operations and expansion, and its results of operations. 19.
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This note was uploaded on 11/21/2011 for the course BUS 214 taught by Professor Waker during the Winter '08 term at Cal Poly.

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homework 1 - Jackie Gragnola BUS 214, Bissonnette January...

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