Questions:
DQ-1) When forming a company, the options are sole proprietor, partnership, and corporation. Most choose incorporation. Why is the corporate form seen to be best? What rights do the stockholders have?
DQ-2) Go to Course Home and review the Course Project tab. In this graded discussion, we will be examining the process of evaluating the financial performance and health of a company with the use of problems and exercises from your textbook. The goal is to cover all of the requirements to ensure an opportunity for your successful completion of Course Project 2.
Let's start with gaining an understanding of the Statement of Cash Flows. From Exercise 12-17A select one of the journal entries and explain how the accounts in the journal entry impact the statement of cash flows.