Reporting Financial Results & Financial Statement Analysis
I’m studying and need help with a Accounting question to help me learn.
Please see the below the questions below that I would like to have individually answered. This assignment must consist of 1200+ words with 3 Scholarly Sources, the below reference must be used as one source. Please put the question number by the answer so that I know what answer goes with each question. You must show your work if the question requires a numerical answer as well as provide an explanation of your process and an analysis of the results and what the numbers mean.**NO PLAGIARISM WHATSOEVER**
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Order Paper Now1. Define and discuss the governmental reporting components, including management’s discussion and analysis, the basic financial statements and other required supplementary information.
On page 546 of the text, Problem 15-10 (Lafayette Film Center), answer the following questions.
2. Does LFC have an endowment? How do you know?
3. How much of LFC’s temporarily restricted net assets were reclassified as unrestricted in 2014? Where can this be found in the statements of financial position and statements of activities?
4. Calculate the four profitability ratios presented in the chapter for LFC for 2014 and 2013, as well as the percent change in each from 2013 to 2014.
Reference and Textbook are below;
Finkler, S. A., Calabrese, T., Purtell, R., & Smith, D. L. (2013). Financial management for public, health, and not-for-profit organizations (4th ed.). Boston: Pearson.
