Problem: Using the companies selected (Sirius and XM) for the Review of Financial Statements Paper, prepare a summary comparing the companies' two most recent fiscal years based upon the following:
Q1. Briefly discuss the inter-relationships noted among the data provided by each of the statements.
Q2. Briefly describe where the key components of the basic accounting equation are illustrated in the company financials.
Q3. Describe any control techniques or issues that were discussed in the company's financial statements.