Identify the base accounting equation. What is the relationship between the accounting equation and the double-entry system of recording transactions? Define the following: a. Permanent accounts b. Temporary accounts A typical accrual recognition for salaries is as follows: Describe the purchase method of accounting for a business combination. Consolidated statements may be issued to show financial position as it would appear it two or more companies were one entity. What is the objective of these statements? What is the basic guideline for consolidation? Where must a company's code of ethics be made available? Describe the Tread way Commission. Why is the COSO report on internal on internal control systems important under requirements of the Sarbanes-Oxley Act