Innovative Lighting Inc. is an introductory accounting exercise teaching basic concepts in stocks, bonds and securities. The company produces and sells lighting equipment for film and television studios, students get practice in recognizing the cash transactions in comparison to non-cash transactions, and improve their understanding of accrual accounting in the time necessary to adjust the financial records of business. "Hide
by Elizabeth M. Grasby Source: Richard Ivey School of Business Foundation 4 pages. Publication Date: November 23, 2004. Prod. #: 904B20-PDF-ENG
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