HRM732 Individual Assignment #1 ( 40 Marks) 15% of the overall grade for the course Ron Abrams has come into your office for his weekly 1 on 1 in which vou update him on your weekly progress on your projects. He has arrived with a stack of paperwork in his hands and a befuddied look on his face. You ask what's going on and he responds as follows. "Last year, as you know, we purchased a bankrupt, closed down bottling facility in The Ukraine. I don't know if you know this but in countries other than Canada they are using somewhat different accounting policies than we do, and the reports I have for the first few months of operations for that location look nothing like anything 1 have seen before. Im aware that the company made no money this month as location look nothing like anvehing I have seen before. Im aware that the company made no money with a new project. I it's had no sales or operations, but i cannot understand our capital position. Im leaving you with a new prom the date know you've been learning accounting so I want you to take the opening information for the bus " You are somewhat of purchase and come up with the balance sheet as it should appear to me as a Canadian puzzled with this new challenge, yet flattered at the same time, and agree to take it on. Given: The newly purchased firm was bought on November 1. At inception the balance sheet accounts of the firm were as follows: During the month of November the following transactions occurred: Discussion Assignment 2 Ron is back in your office this week for a regular update on the projects you have been working on. His comment this week is "You know, I've been going through cost centre classifications all week with our accounting team in terms of profit, cost, and investment centres. Do you know what they had the audacity to classify HR as?" Can you tell Ron the appropriate answer and explain how you would measure the performance of the type of centre in which HR has been placed? (8 marks)