Name:
Question 1: financing
Based on your analysis of the owner’s wishes (Shaun’s criteria) and the three financing options available, which financing option would be the best option?
Option 1: Equity.
Option 2: Debt.
Option 3: Debt and Self Financing.
Include your answer in your response below and also explain why you selected that type of financing based on Shaun’s criteria and what you know about that financing option.
Question #2: accounting cycle
So, given what the Junior Accountant has done so far, what is the next step for the Junior Accountant to complete in the Accounting Cycle and why?
Question #3: financial statements
After reviewing the 3 Financial Statements, please indicate which financial statement (pick one: income statement, balance sheet, or statement of cash flows) the Junior Accountant should provide the investor in order to show the debt information.
Income Statement.
Balance Sheet.
Statement of Cash Flows.
Explain where on that financial statement you would find the debt information.