Question
Projected Financial Statements for two years***. You own small accounting company. You just started a business 2 years ago. There are four patners in your
Projected Financial Statements for two years***. You own small accounting company. You just started a business 2 years ago. There are four patners in your comapny who manage and own the company. So give some examples of the following statements. 1. Give and explain an example of Projected Balance Sheet Statements (Annual for Year 1 and Year 2)(balance sheet is supposed to be categorized (in order of most liquid assets). 2. Give and explain an example of Projected Income Statements( Annual for Year 1 and Year 2). 3. Giveand explain an example of Projected Cash Flow for the first two years. *** Your Balance Sheet must be in balance and all financial statements must be coordinated. Justify all the price increases in your statements. There should be no depreciation in first year and cost of service should be broken down in a note the financial statements. Accounts reciavable and accounts payable should be included in the balance sheet.
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