scratch, using no existing equipment or materials. Briefly describe the
business, and then do a rough calculation of startup costs, . Research costs
that is realistic for the area . Be generous in your estimates and avoid
cutting corners on any expenses.
Publicly held e-commerce companies (Yahoo.com, for example)
must publish financial statements with their annual reports, which are
available online. Access a recent annual report for one of these companies and
review the balance sheet. List which company and record amounts for the
following: current assets, total assets, current liability, total liability,
and owner’s equity. Prove that the balance sheet balances by applying the
appropriate equation which can be found in our text. (BTW it is not necessary
to copy the entire financial statements of your selected company into your
paper, just use the requested dataelements – current assets etc. – to prove the
balance sheets are in fact in balance)
Response should be no less than 2-3 pages in APA format
