Refer to Samsung’s 2013 balance sheet in Appendix A near the end of the book. Confirm that its total assets equal its total liabilities plus total equity.
Answer to relevant QuestionsAccess the SEC EDGAR database (www.SEC.gov) and retrieve Apple’s 2013 10-K (filed October 29, 2013). Identify its auditor. What responsibility does its independent auditor claim regarding Apple’s financial statements? 1. Use the accounting equation to compute the missing financial statement amounts (a), (b), and (c). 2. Use the expanded accounting equation to compute the missing financial statement amounts (a) and (b). Ming Chen began a professional practice on June 1 and plans to prepare financial statements at the end of each month. During June, Ming Chen (the owner) completed these transactions: a. Owner invested $60,000 cash in the ...The following is selected financial information for Edison Energy Company for the year ended December 31, 2015: revenues, $55,000; expenses, $40,000; net income, $15,000. Required Prepare the 2015 calendar-year income ...Selected financial information of Banji Company for the year ended December 31, 2015, follows. Cash from investing activities . . . . . . . . . . $1,600 Net increase in cash . . . . . . . . . . . . . . . . . . ...
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