Page 31 - DCOM302_MANAGEMENT_ACCOUNTING
P. 31
Management Accounting
Notes 10. What do you think as the board’s responsibility in investment?
11. Where do you record common stock on the financial statements? Give reason behind it.
12. What would a company need to do to record a loss on an available-for-sale investment?
Give reasons to support your answer.
Answers: Self Assessment
1. statement of operations 2. income statement
3. changes 4. balance sheet
5. Investment 6. Trading account
7. net profi t 8. fi nancial position
9. marshalling 10. manufacturing account
11. true 12. false
13. true 14. infl ationary
15. preliminary/pre-incorporation
2.8 Further Readings
Books Benjamin Graham, Spencer B. Meredith, The Interpretation of Financial Statements,
Harper Business.
Martin Fridson, Fernando Alvarez, Financial Statement Analysis: A Practitioner’s
Guide, Wiley.
Online links cbdd.wsu.edu
www.textbooksonline.tn.nic.in
26 LOVELY PROFESSIONAL UNIVERSITY
