Question: You recently accepted the controller position for Java the Hut, a regional coffee chain. The owner informs you that a complete financial statement package will

You recently accepted the controller position for Java the Hut, a regional coffee chain. The owner informs you that a complete financial statement package will be required as part of a new bank loan compliance requirements ("covenants"). Prior to your arrival, the company had one accountant and relied heavily on the auditors in the preparation of financial statements. With the new controller position, the expectation is that you will assume the preparation of financial statements

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