Question
1.a. - 1.b. As Given (Reported) to Sharptop Bank 01/07/2014 01/07/2015 01/07/2016 Total assets $- $- $- Total liabilities $- $- $- Total equity $-
1.a. - 1.b. As Given (Reported) to Sharptop Bank 01/07/2014 01/07/2015 01/07/2016 Total assets $- $- $- Total liabilities $- $- $- Total equity $- $- $- $- $- $- REVISED Business Assets & Liabilities Only (Per Source Docs.) 01/07/2014 01/07/2015 01/07/2016 01/07/2016 Total assets $- $- $- $- Total liabilities $- $- $- Total equity $- $- $- $- $- $- Personal Assets & Liabilities Only 01/07/2014 01/07/2015 01/07/2016 Total assets $- $- $- Total liabilities $- $- $- Total equity $- $- $- $- $- $- 1.c. - 1.d. Horizontal and vertical analysis: Business (1/7/16 v. prior years): Personal: 1.e. - Accounts Payable Under-Statement Date Amount Difference Shamrock Groceries per Financial Statement /////// Shamrock Groceries per Sales Summary Discount Tobacco per Financial Statement /////// Discount Tobacco per Sales Summary Marietta Beverage per Financial Statement /////// Marietta Beverage per Sales Summary Total Georgia-Tennessee per Financial Statement /////// Accounts Georgia-Tennessee per Sales Summary Payable Jenkins Media Sales per Financial Statement /////// Under-Statement Jenkins Media Sales per Sales Summary $- 1.f. - Ending Inventory Over-Statement Date Amount Difference Ending Inv. - Estimated /////// Ending Inv. - Schedule C Ending Inventory Ending Inv. - Sharptop Bank Over-Statement Ending Inv. - Proof of Loss $- 2 If the tax return or insurance claim is misstated, did Greg Larsen commit some form of financial statement fraud? If so, what kind of fraud? Explain. 3 What accurary certifications (e.g., penalties of perjury, false statements) on tax return and bank financial statement address materially inaccurate information? 4 Was Larsen Convenience solvent on January 7, 2016? Explain. 5 How does Greg Larsens solvency impact Tonya Larsen?
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