Income Statement/ Balance sheet
Income Statement/ Balance sheet
In Module 7 we studied the Income Statement and Balance Sheet. While the format of the statements is consistent from company to company, the accounts used in the statements will be unique to the type of business. You know that The Bachelor would have a significant inventory of roses and a big limousine expense. The Hallmark Channel needs a large tissue inventory.
Think about a business, movie, story, etc. that interests you and put together an Income Statement and Balance sheet for that entity. As an example, I am moving out of comfort zone to the Michigan State Game during March Madness, 2016.
Posts should include at least one revenue, and 2 each of expenses, assets, and liabilities. Don’t worry about dates and amount unless they are relevant to your entity.
For your discussion board replies, suggest an additional account to other student’s entities. As an example,
You need to add “Debt to Michigan Bars” for all the business the local bars lost when both University of Michigan and Michigan State were out of the dance so early.
Once again, please look at previous posts to keep yours unique.
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Posted 20 Jun 2017 05:06 AM
My Price 7.00
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file 1497936475-Solutions file.docx preview (56 words )
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