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Accounting Cycles

Select a company that you are familiar with from the transportation industry.

Collect the 4 main financial statements from credible sources (e.g., nationally syndicated newspapers, peer-reviewed journals, investor relations, Web sites or annual reports.
Create a flow chart that illustrates the steps in the accounting cycle.
Include any other relevant information in the chart that would apply within the steps.

When reviewing the financial statements, focus your attention on the expenses and revenues incurred by the company.

 

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