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Fundamental Accounting Principles 22th Edition by John Wild ,Ken Shaw,Barbara Chiappetta
Edition 22ISBN: 978-0077862275Fundamental Accounting Principles 22th Edition by John Wild ,Ken Shaw,Barbara Chiappetta
Edition 22ISBN: 978-0077862275 Exercise 42
The adjusted trial balance for Speedy Courier as of December 31, 2015, follows.
Required
1. Use the information in the adjusted trial balance to prepare ( a ) the income statement for the year ended December 31, 2015, ( b ) the statement of owner's equity for the year ended December 31, 2015, and ( c ) the balance sheet as of December 31, 2015.
2. Calculate the profit margin for year 2015.
Required
1. Use the information in the adjusted trial balance to prepare ( a ) the income statement for the year ended December 31, 2015, ( b ) the statement of owner's equity for the year ended December 31, 2015, and ( c ) the balance sheet as of December 31, 2015.
2. Calculate the profit margin for year 2015.
Explanation
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Verified
1. a.
A financial statement that is use...
Fundamental Accounting Principles 22th Edition by John Wild ,Ken Shaw,Barbara Chiappetta
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