Main components of the basic accounting equation


Problem: Using the company's selected SIRIUS satellite and XM radio satellite, compare the company's 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.

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Finance Basics: Main components of the basic accounting equation
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