1. When an investor or creditor wishes to compare two companies, they review the
ID: 2493311 • Letter: 1
Question
1. When an investor or creditor wishes to compare two companies, they review the companies' financial statements.
2. Hamilton Exports, Inc., increased their advertsiing this year,
3. The FASB deals with research and development costs in the Accounting Standards Codification Topic 730.
4. Management is interested in imporving the revenue figures for their report to the stockholders.
5. Each accountant is required to complete his report on time.
6. The Samllwood Corporation has greatly increased it's advertising expense.
7. A switch to LIFO usually results in lower income tax liability and a lower inventory figure on the balance sheet; this would be important to our company.
8. The board of Directos will hold its next meeting in July.
9. Every corporation coming under SEC regulations must follow certain procedures in preparing their financial statements.
10. Everyone registering for the convention will recieve a package of information when they arrive.
Explanation / Answer
1. When an investor or creditor wishes to compare two companies, he reviews the companies' Financial statements.
2. Hamilton Exports,Inc., increased its advertising this year
3. The FASB deals with research and development costs in the Accounting Standards Codification Topic 730.
4. Management is interested in imporving the revenue figures for their report to the stockholders.
5. Each accountant is required to complete his report on time.
6. The Samllwood Corporation has greatly increased its advertising expense.
7. A switch to LIFO usually results in lower income tax liability and a lower inventory figure on the balance sheet; these would be important to our company.g
8. The board of Directos will hold their next meeting in July.
9. Every corporation coming under SEC regulations must follow certain procedures in preparing its financial statements.
10. Everyone registering for the convention will recieve a package of information whenever they arrive
Note: words in bold are correct pronouns,sentences 3 and 5 are correct
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