Here are a simple set of financial statements that compare two years for a company. Please review the financial statements and answer the questions below. Please make sure to include your reasoning for each observation or concern and include support from your references to the textbook, MAL videos, PowerPoint slides or other external site. In your response to another student’s post, please concentrate on commenting on the areas of concern for the financial statements. Since this should be quite a bit more work for prior chapter discussion questions, it is worth 10 points. Your initial and response posts should be a minimum of five to six paragraphs each.
What is the name of the company and the time periods that are covered?
Who is the owner of this company?
When did this company start?
What year did the company do better and why?
Please list 2 questions or concerns you have with items on the Income Statement.
Please list 2 questions or concerns you have with the items on the Statement of Owner’s Equity.
Please list 4 questions or concerns you have with the balance sheet in order of priority.