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Refer to FGL's June 30, 2013, financial reports to complete the following: Calculate the accounting equation at the beginning and end of the year and
Refer to FGL's June 30, 2013, financial reports to complete the following:
- Calculate the accounting equation at the beginning and end of the year and the changes between the beginning and end of the year.
- Identify the changes in the company's equity during 2013.
- Compare the value of the main asset to total equity.
- Outline the "other" item that makes up comprehensive income.
- Outline the largest expenses on the income statement. Compare them to the cash, debtors, creditors, and inventory balances.
- Identify the total revenue and net profit attributable to members of FGL and earnings before interest and tax (EBIT).
- Outline the three major reconciliation items
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