Unmodified report include the audit report that is made exactly in the same format and content which provided by the IAASB auditing standard and able to give the fair and true view of financial statement. To describe: The appropriate report on the corporation’s comparative financial statement for 2017 & 2018

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Chapter 18, Problem 18.5RQ

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Concept Introduction:Unmodified report include the audit report that is made exactly in the same format and content which provided by the IAASB auditing standard and able to give the fair and true view of financial statement.

To describe:The appropriate report on the corporation’s comparative financial statement for 2017 & 2018

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QUESTION 1 Examine the information provided below and answer the following question. (10 MARKS) The hockey stick model of start-up financing, illustrated by the diagram below, has received a lot of attention in the entrepreneurial finance literature (Cumming & Johan, 2013; Kaplan & Strömberg, 2014; Gompers & Lerner, 2020). The model is often used to describe the typical funding and growth trajectory of many startups. The model emphasizes three main stages, each of which reflects a different phase of growth, risk, and funding expectations. Entrepreneur, 3 F's Debt(banks & microfinance) Research Business angels/Angel Venture funds/Venture capitalists Merger, Acquisition Grants investors PO Public market Growth (revenue) Break even point Pide 1st round Expansion 2nd round 3rd round Research commercial idea Pre-seed Initial concept Seed Early Expansion Financial stage Late IPO Inception and prototype Figure 1. The hockey stick model of start-up financing (Lasrado & Lugmayr, 2013) REQUIRED:…

critically discuss the hockey stick model of a start-up financing. In your response, explain the model and discibe its three main stages, highlighting the key characteristics of each stage in terms of growth, risk, and funding expectations.

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