Take a step back in time and imagine Research In Motion in its infancy as a company.

Question:

Take a step back in time and imagine Research In Motion in its infancy as a company. The year is 1984.
Required
1. Read the history of Research In Motion at www.RIM.com. Identify the two partners that founded the company.
2. Assume that Research In Motion was originally organized as a RIM’s income statement in Appendix A varies in several key ways from what it would look like for a Identify at least two ways in which a corporate income statement differs from a income statement.
3. Compare the Research In Motion in Appendix A to what a would have shown. Identify and explain any account differences we would anticipate.

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial... Partnership
A legal form of business operation between two or more individuals who share management and profits. A Written agreement between two or more individuals who join as partners to form and carry on a for-profit business. Among other things, it states...