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1. Explain what is meant by a company's liquidity and a company's solvency. (Chapter 5, Section 2, p196, & Section 7, p. 227) 2. Discuss

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1. Explain what is meant by a company's liquidity and a company's solvency. (Chapter 5, Section 2, p196, & Section 7, p. 227) 2. Discuss the differences in the evaluation methods for PP&E permitted under IFRS and under US GAAP. (Chapter 5, Section 4.1) 3. Build a common size balance sheet (Chapter 5, Section 7.1). und

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