Learning Outcome 7. Answer the following question in a short answer of 100-150 words; provide comprehensive information and examples in applicable, to support your answer. How Financial Statements are Interconnected? Explain.

Provide a minimum of three research questions on accounting in SME and a discussion of why these research questions are relevant to your research and Create hypotheses to support your research questions.

Mastery Problem: Financial Statement Analysis Question Content Area Liquidity and Solvency Measures Your friend, another accountant, has bet you that with your knowledge of accounting and just the computations for common analytical measures, you can figure out many aspects of a company's financial statements. You take the bet! Match each computation to one of the liquidity and solvency measures in the table. (Hint: Begin by looking for simple computations and identifying the amounts in those computations. Look for other measures that use those amounts.)

Why is establishing accounting standards is characterized as a political process? This is a Learning Objective 4 in Intermediate Accounting, by Spiceland, Nelson, and Thomas.  10th Ed. McGraw Hill.