... The following in part solutions are the financial understanding of different financial situations occurring at a different period with different level company working area. In this paper, an idea of investment in other companies, importance of short-term investments, lease accounting, amortization schedule, revenue recognition at different points of recognizing, and company accounts are explained with the help of journal entries and amortization schedule.
Part1 Investment in other companies
Investments by the companies, give them a chance of increase their other income that will result in company’s growth. Other companies can reside their head offices in other foreign countries. Therefore, the invest...