Contrast an income statement and a balance sheet
Compare and contrast an income statement and a balance sheet. What do they measure? Why would a marketing manager find the income statement more useful than the balance sheet?
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Finally, recommend actions required to address ethical, legal, and regulatory issues faced by the organization, and how they can enhance your corporate citizenship.
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Corporate ethics and fraud have received much media attention through reporting of scandals at major corporations. Salem wants to make sure that its financial reporting and tax reporting responsibility is of the highest ethical standards.
This assignment needs to consist of a portfolio analysis in a Microsoft Word document that is not to exceed three pages. You must also include your portfolio analysis in either Word or Excel.
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You are surprised, since you assumed that all entities are accounted for under accrual accounting in accordance with GAAP. Please comment on the partner's remarks in detail. Is he correct? Explain.
Within the Discussion Board area,respond to the following questions with your thoughts, ideas, and comments. This will be the foundation for future discussions by your classmates. Be substantive and clear, and use examples to reinforce your ideas.
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