Introduction to Financial Accounting and Business – Discussion (200 Word Min)

Paper , Order, or Assignment Requirements

Watch the case study of Mack and his friend Peter. http://extmedia.kaplan.edu/business/AC499/U1/Discussion/player.html to watch their business scenario.

After you watch the case study, please answer the following questions:

  • How should the business financing be recorded on the books of the company?
  • How should the company record the assets of the company?
  • How would a business plan have helped this company to succeed?
  • What are the main factors that contributed to the failure of this company in your opinion?
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