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Saint leo MBA560 module 1 Home work (January 09, 2014)




Question;Problem 1-30;a. Write an;accounting equation, and record the effects of each accounting event under the appropriate;headings for each year. Record the amounts of revenue, expense, and dividends in;the Retained Earnings column. Provide appropriate titles for these accounts in;the last column of the table.;b. Prepare an;income statement, statement of changes in stockholders? equity, year-end;balance sheet, and statement of cash flows for each year.;c. Determine the;amount of cash that is in the retained earnings account at the end of 2012 and;2013.;d. Examine the balance sheets for the two years. How did;assets change from 2012 to 2013?;e. Determine the balance in the Retained Earnings account;immediately after Event 2 in 2012 and in 2013 are recorded.;Problem 2-32;The following information was drawn from the records of Paso;Associates at December 31, 2012.;Use the preceding information to construct an income;statement, statement of changes in;stockholders? equity, balance sheet, and statement of cash flows. (Show only;totals for each activity on the statement of cash flows.) (Edmonds. Survey of Accounting. 2012)


Paper#44454 | Written in 18-Jul-2015

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