- Which of the required financial statements explain the difference between two balance sheet dates?
- Describe how these financial statements explain the difference between two different balance sheets completed on different dates.
- Do you agree or disagree with the statement: “Because many estimates are used in the preparation of financial statements, the statements are not a meaningful and accurate measurement of the financial position of a company.” Why/why not?
- Is the use of estimates in accounting ethical? Why/why not?