The lemonade stand is operating on providing lemonade by the cup. This fiscal summary report is to provide the companies opportunities to offer the communication channel information. This business is operated inside the local fair. in that location are many aspects that tail assembly drive the organization to provide growth within the caller-out. There are also an opportunity for the weather and the business decisions to routine a position in the business aspects of the organization.
Balance Sheet
The companys assets are represented through the operations of the quietus sheet. The balance sheet determines what it owns in the assets. The main opportunity to jack off through the assets is to compute it thought through the equation of assets= liabilities + owners equity.
Balance Sheet
ASSETSSEASON ONESEASON TWO
coin142.05225.40
Inventories32.388.83
Equipment 11.50 5.75
innate ASSETS185.93239.98
From epoch one to harden two in that respect was an increase in the cash that was available to the company. The inventories descendd as well as the price in equipment. In the contribute assets the amount increased to a more in season two.
Liabilities
The amount of liabilities from season one to season two there is a decrease that occurred.
The account payable account is the precisely account that provides the information for the section of the liabilities. Liabilities are defined as obligations to transfer benefits as a result of past proceeding or events. Ownership of property would appear to fall into the menage of asset; any borrowings against that asset would be categorized as a liability. A lease would appear to fall into some(prenominal) liability and asset categories (Lyon,2010). As determined from the comparison of season one to season two there is a decrease that determines that the liabilities are decreasing from season to season.
LIABILITIES
Account Payable85.76 73.75
TOTAL LIABILITIES85.7673.75
Equity
From season one to season two there...If you want to get a full essay, order it on our website: Orderessay
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