Financial Statements XACC/290 January 12‚ 2014 Melissa Drayton Financial Statements There are four basic financial statements: balance sheet‚ income statement‚ retained earnings statement‚ and statement of cash flows. These financial statements would include an overview of the assets‚ liabilities‚ expenses‚ and revenues of the business. Financial statements are useful not only to internal user; such as managers and employees‚ but also to external users; such as investors and creditors to
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Exercise 1 XXXXX XACC/290 August XX‚ 2014 XXXXXX E3-4 Describe each transaction. 1. The company issued shares of stock to stockholders’ equity increased for the month. 2. The company purchased equipment for $1‚000 cash and $4‚000 on account. 3. The company purchased supplies for $750 cash. 4. The company receives $4‚100 in cash revenue and $5‚400 in accounts receivable. 5. The company paid $1‚500 cash for accounts payable. 6. The company paid a $2‚000 dividend
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Financial Reporting Problem Part 1 Mark R. Mitchell XACC/290 August 10‚ 2014 Jeanette Butler Financial Reporting Problem Part 1 In the light of this week’s assignment of analyzing an annual report for a publicly traded company I decided to use the company now work for which is the spinoff company from the merger of international papers Xpedx division and Unisource; the new company name is Veritiv. Veritiv’s total assets for this accounting period are $1‚215 million dollars (Morningstar
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Financial Reporting Problem Part 1 XACC/290 March 1‚ 2015 Financial Reporting Problem Part 1 J.P. Morgan is a company in the banking industry. J.P. Morgan was established in 1799 and despite multiple stock market crashes and recessions; it is a company that continues to do well in its sector (JP Morgan‚ 2014). J.P. Morgan Bank is the publicly traded company that I chose to analyze the 2013 annual report. At the end of 2013‚ the total assets of J.P. Morgan was 1‚945‚467‚000‚000; one trillion‚ nine
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Financial Statement By Mary Baumann XACC/290 July 27‚ 2014 Jameson Monteiro Financial Statement The four main financial statement are the balance sheet‚ the income statement‚ the cash flow statements‚ and the statements of shareholder’s equity. Each statement can be used to give an insight to a company’s financial activities‚ and can provide valuable information on said company. The balance sheet provides detailed information on a company’s assets‚ liabilities‚ and their shareholder’s
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Financial Reporting (Problem Part 2) Mark R. Mitchell XACC/290 August 31‚ 2014 Jeanette Butler Financial Reporting (Problem Part 2) While doing my analysis of the financial statement for the company Veritiv‚ I find that the company assets are listed in the proper order; that being the most readily converted to cash first. The order for Veritiv balance sheet is cash and equivalents‚ followed by receivables‚ then inventories‚ and other current assets. The next item listed is other current
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1 Financial Reporting Problem Part 2 XACC/290 04/19/2014 Financial Reporting Problem Part 2 2 A. Are the assets included under the company’s current assets listed in the proper order? Explain your answer. Yes‚ the company’s assets are listed in the proper order. They list the order according to liquidity. The highest liquidity is at the top and the lowest liquidity is at
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XACC/280 Week 7 Checkpoint: Ratio‚ Vertical & Horizontal Analysis Jennifer Brooks 3/5/2010 Three commonly used tools of financial system analysis are the horizontal analysis‚ the vertical analysis‚ and the ratio analysis. The horizontal analysis is a technique used for evaluating financial statement data over a period of time. This serves to show performance increase and decrease and may be expressed as an amount or percentage. The horizontal analysis is useful in comparing the results
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NAME Week 2‚ Exercise 1 November 16‚ 2014 XACC/290 Week 2‚ Exercise 1 (a) 1. Stockholders invested $20‚000 cash in the business. 2. Purchased equipment for $5‚000‚ paying $1‚000 in cash and the balance of $4‚000 on account. 3. Paid $750 in cash for supplies. 4. Earned $9‚500 in revenue‚ receiving $4‚100 in cash and $5‚400 on A/R. 5. Paid $1‚500 in cash on accounts Payable. 6. Paid $2‚000 in cash dividends to stockholders. 7. Paid $800 in cash as expenses (rent). 8. Earned $450 in cash from
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Formatting Issues contains: Write a 200- to 300-word response that answers the following: Based on the article by Nott (2008)‚ what are some business uses for inserting a canvas within a Microsoft Business - Accounting The final project for XACC 280 is a 1‚750- to 2‚050-word paper in which you provide a comprehensive analysis of the financial health of two companies‚ compare the companies‚ and make recommendations to improve the financial status of each. The paper‚ with citations and references
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