=+1. Review a recent annual report. Identify all attributes of measurement explicitly identified in the balance sheet
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=+1. Review a recent annual report. Identify all attributes of measurement explicitly identified in the balance sheet and accompanying notes.
Notice which items are not specified. Group the accounting elements by attribute. How thorough is the explanation of measurement in the balance sheet? Identify any unusual assets or liabilities. How useful is the current-noncurrent distinction for assessing liquidity? Based on your review, what level of user sophistication do you think is necessary to understand how the balance sheet numbers have been derived? How useful do you think the balance sheet is? What are its limitations and
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Accounting Theory Conceptual Issues In A Political And Economic Environment
ISBN: 9780324186239
6th Edition
Authors: Harry I. Wolk, James Dodd, Michael G. Tearney
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