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Accounting 26th Edition by Carl Warren,James Reeve,Jonathan Duchac
النسخة 26الرقم المعياري الدولي: 978-1285743615Accounting 26th Edition by Carl Warren,James Reeve,Jonathan Duchac
النسخة 26الرقم المعياري الدولي: 978-1285743615 تمرين 62
Multiple-step income statement and report form of balance sheet
The following selected accounts and their current balances appear in the ledger of Kanpur Co. for the fiscal year ended June 30, 2016:
Instructions
1. Prepare a multiple-step income statement.
2. Prepare a statement of owner's equity.
3. Prepare a report form of balance sheet, assuming that the current portion of the note payable is $7,000.
4. Briefly explain (a) how multiple-step and single-step income statements differ and (b) how report-form and account-form balance sheets differ.
The following selected accounts and their current balances appear in the ledger of Kanpur Co. for the fiscal year ended June 30, 2016:
Instructions
1. Prepare a multiple-step income statement.
2. Prepare a statement of owner's equity.
3. Prepare a report form of balance sheet, assuming that the current portion of the note payable is $7,000.
4. Briefly explain (a) how multiple-step and single-step income statements differ and (b) how report-form and account-form balance sheets differ.
التوضيح
موثّق
موثّق
1.
Prepare a multi-step income statement...
Accounting 26th Edition by Carl Warren,James Reeve,Jonathan Duchac
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