An account whose balance is transferred to capital account at the end of accounting period is temporary account . True or false

Financial Statement Presentation (Team Assignment Use the Internet to acquire a copy of the most recent annual report for a publicly traded company. Select a company that you and your team may have some interest in. Ask yourselves questions such as: What company would the team as a whole agree to investigate? What company would the team be interested in investing in What company would team members be interested in working for? Then, use information contained in the company's balance sheet and income statement to answer the following questions: a. What were the company's total assets at the end of its most recent reporting the period? b. What were the total assets at the end of the previous reporting period? Why do you think a change occurred? How much cash and cash equivalents did the company have at the end of its most recent reporting period? What amount of accounts payable did the company have at the end of its most recent reporting period? What amount of accounts payable did the company have at the end of the previous reporting period? What do you think caused the change? What were the company's net revenues (sales) for the last three reporting periods? What do you think cause the change from period to period? c. d. e. f. g. What was the change in dollars in the company's net income from its most rec reporting period to the previous reporting period? Why? h. What was the company's stock trading for on the day prior to your presentatio Would you recommend a buy or pass on the company stock? esentation Portion (worth 50pts) Your team presentations should consist of anywhere between 5 and 10 werPoint slides that address the questions above and take no longer than 15 utes. All team members should participate in the presentation. This avoids shift burden to just one or two members. Teams will be assigned during the second lass and each team should plan on selecting a team leader. The team leader w gn individual roles to members, monitor the time line of the project and report e team is totally dysfunctional. Financial Statement Presentation (Team Assignment Use the Internet to acquire a copy of the most recent annual report for a publicly traded company. Select a company that you and your team may have some interest in. Ask yourselves questions such as: What company would the team as a whole agree to investigate? What company would the team be interested in investing in What company would team members be interested in working for? Then, use information contained in the company's balance sheet and income statement to answer the following questions: a. What were the company's total assets at the end of its most recent reporting the period? b. What were the total assets at the end of the previous reporting period? Why do you think a change occurred? How much cash and cash equivalents did the company have at the end of its most recent reporting period? What amount of accounts payable did the company have at the end of its most recent reporting period? What amount of accounts payable did the company have at the end of the previous reporting period? What do you think caused the change? What were the company's net revenues (sales) for the last three reporting periods? What do you think cause the change from period to period? c. d. e. f. g. What was the change in dollars in the company's net income from its most rec reporting period to the previous reporting period? Why? h. What was the company's stock trading for on the day prior to your presentatio Would you recommend a buy or pass on the company stock? esentation Portion (worth 50pts) Your team presentations should consist of anywhere between 5 and 10 werPoint slides that address the questions above and take no longer than 15 utes. All team members should participate in the presentation. This avoids shift burden to just one or two members. Teams will be assigned during the second lass and each team should plan on selecting a team leader. The team leader w gn individual roles to members, monitor the time line of the project and report e team is totally dysfunctional