Question: Take a step back in time and imagine Research In Motion in its infancy as a company. The year is 1984. Required 1. Read the

Take a step back in time and imagine Research In Motion in its infancy as a company. The year is 1984.
Required
1. Read the history of Research In Motion at www.RIM.com. Identify the two partners that founded the company.
2. Assume that Research In Motion was originally organized as a partnership. RIM’s income statement in Appendix A varies in several key ways from what it would look like for a partnership. Identify at least two ways in which a corporate income statement differs from a partnership income statement.
3. Compare the Research In Motion balance sheet in Appendix A to what a partnership balance sheet would have shown. Identify and explain any account differences we would anticipate.

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1 The history states that Mike Lazaridis and Douglas Fregin friends since grade school founded Resea... View full answer

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