Toshiro group Inc is a fast growing global conglomerate. He has hired some bright graduates from EU
Question:
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Toshiro group Inc is a fast growing global conglomerate. He has hired some bright graduates from EU to help him modernise the company. He must close his consolidated accounts for December 2019 and do some planning for 2020 so all this can be presented to the board. You have been recruited as a consultant by the CEO at the head office to help him. You are recent graduate from EU Business School. Your first assignment is to help the various finance heads and provide all details in a report. The CEO, Toshiro is very busy and fully expects you to help him get through this busy period and show your deep insights about finance and accounting.
1)QUESTION 1:The income statement below was prepared by a new and inexperienced employee in the accounting department of Toshiro Space Ltd a new California based business venture in the group:
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