CREATED ON 17th September 2018
COMPLETED ON 19th September 2018
Expert hired: shanaya

The Financial and Balance Sheet Disclosures Story Problem

The president of the Santander Company is upset! The president has just received the first draft of the company’s annual financial statements for the year ended December 31, 2014, prepared by the company’s controller. The statements show an overdraft in one of the company’s bank accounts as an item in the current liabilities section of the balance sheet. The company experienced a very difficult year during 2014, although the first month of 2015 has shown some improvement. The Santander Company is a public company and may wish to issue additional common shares in the near future. The proceeds of the stock issuance would be used to acquire new equipment that could prove vital in reversing the company’s decline. Required: Has the controller properly reported the bank overdraft? What factors should be considered in reporting this item? Your initial post must be in your own words, be a minimum of 350 words in length, and be supported with a reference. Post at least two peer responses further discussing and exploring the materials covered this week.
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17 September 2018
User created a project for Accounting
17 September 2018
15 experts responded
17 September 2018
User contacted expert shanaya
17 September 2018
User hired expert shanaya who offered a price of $40 for the project and has experience doing similar projects
19 September 2018
The expert completed the project The Financial and Balance Sheet Disclosures Story Problem for 2 days, meeting the deadline
19 September 2018
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19 September 2018
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