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Financial & Managerial Accounting 17th Edition by Jan Williams ,Susan Haka,Mark Bettner,Joseph Carcello
Edition 17ISBN: 978-0078025778Financial & Managerial Accounting 17th Edition by Jan Williams ,Susan Haka,Mark Bettner,Joseph Carcello
Edition 17ISBN: 978-0078025778 Exercise 33
The Worksheet
Accountants at Warner Co. use worksheets similar to the one shown in Exhibit 5-13, on page 209. In the company's most current year-end worksheet, the amounts transferred from the adjusted trial balance columns to the balance sheet and income statement columns are as follows:
a. What was the company's net income for the year?
b. What was the total amount transferred from the adjusted trial balance columns to the debit column of the income statement?
Accountants at Warner Co. use worksheets similar to the one shown in Exhibit 5-13, on page 209. In the company's most current year-end worksheet, the amounts transferred from the adjusted trial balance columns to the balance sheet and income statement columns are as follows:
a. What was the company's net income for the year?b. What was the total amount transferred from the adjusted trial balance columns to the debit column of the income statement?
Explanation
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Given information:
Amount transferred t...
Financial & Managerial Accounting 17th Edition by Jan Williams ,Susan Haka,Mark Bettner,Joseph Carcello
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