University of California General Journal Discussion and Responses

Having Trouble Meeting Your Deadline?

Get your assignment on University of California General Journal Discussion and Responses  completed on time. avoid delay and – ORDER NOW

Do My Paper

I have two discussion question I attached two file related two question discussion number1 the need to answer the question as steps Ch (1+2+3) and question discussion number 2 the need to answer and reply two student 

POST

hello  I need to reply for one student In a one or two paragraph reply to another student, compare your company’s performance to the other student’s.  That other student needs to be working on a different company than you are. for discussion number 1Company Tesla IncChapter 1 Discussion QuestionsThe amounts reported for total assets as of the 31st of December 2021 is $62,131,00, for total liabilities is $30,548,000, and for total stockholders’ equity is $31,583,000. The basic accounting equation: Assets=Liabilities + Shareholders equity. $62,131,000= $30,548,000 + $31,583,000 is correct.As of this most recent year, 31 of December 2021, the amounts reported for net sales are $53,823,000, with a net income of $13,606,000.As of December 31st, 2020, Tesla Inc auditor is PrincewaterhouseCooper LLP. The report indicated that the company’s financial statements are correct.Chapter 2 Discussion QuestionsYes, the company has issued common stock in the most recent year. As of the 30 of June 2022, the common stock has risen by $6,187,000.Yes, I do see the terms credit and debit on the balance sheet, such as total debt and net debt.  The account types that increase with debt are the total assets and accounts that increase with credit are total liabilities, and common stock equity.Yes, I do see the terms credit and debit on the income sheet, such as total debt. The account types in the income sheet that increase with a debit are the expenses and the accounts that increase with a credit are total revenues.Chapter 3 Discussion QuestionsAs of the most recent year, 31 December 2021, the change in retained earning as reported in the balance sheet is $331 million.As of the most recent year, 31 December 2021, the amount of net income reported in the income statement is $5.52 billionDividends equation: prior years retained earnings + Current years net income- current years retained earnings. -540 million + 5.52 billion – 331 million= 4.649 billion if any.