Chapter 1, Problem 1.15BYP

a)

To determine

Financial accounting: Financial accounting is the process of recording, summarizing, and reporting all the transactions in the financial statement of the business over a period of time. The financial statement consists of the balance sheet, income statement, statement of retained earnings, and the cash flow statement.

To Identify: The following values, of Company G.

(2)

To determine

To Identify: The number of shares of common stock issued by Company G, on February 1, 2014.

c)

To determine

To Explain: the reasons that Company G reports more than one year data in the financial statements.