Description
Calculate the accounting equation at the beginning and end of the year and the changes between the beginning and end of the year.
Identify the changes in the company’s equity during 2013.
Compare the value of the main asset to total equity.
Outline the “other” item that makes up comprehensive income.
Outline the largest expenses on the income statement. Compare them to the cash, debtors, creditors, and inventory balances.
Identify the total revenue and net profit attributable to members of FGL and earnings before interest and tax (EBIT).
Outline the three major reconciliation items
Sample Solution