Paper Problem
Prepare corrected balance sheet and statement of income and retained earnings including supporting schedules that incorporate the following items (Excel - Financial statements and journal entries. Word - Examinations, summaries, disclosure notes, etc...):
• Evaluation of the issuance of common stock.
• Assessment of the accounting for start-up costs.
• Analysis of the capitalization vs. expense treatment.
• Evaluation of revenue recognition including income deferral.
• Formulation of the accounting treatment for net operating losses.
• Calculation of the earnings per share.
• Prepare a statement of cash flows.
• Draft a complete set of financial statement disclosure notes.
The response should include a reference list. Using double-space, Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.