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Question

Visit the website of the SEC (https://www.sec.gov/edgar/searchedgar/companysearch.html). Search for the latest Form 10-K for a company you would like to analyze. Submit a short memo that

C. State the changes identified in (A), (B), and (C) in accounting equation format. If the “change” equation does not balance, explain why not. Hint: Double-check your calculations, and if the accounting equation change still does not balance, search for notes in the company’s files about prior period adjustments, which will often explain why balances may differ.

i. Provide the web link to the company’s Form 10-K to allow accurate verification of your answers.

Solution

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Answered 1 year ago
Answered 1 year ago
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In this exercise, we will determine how the Accounting Equation is affected by the changes in the financial accounts.

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