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1. The balances for the accounts listed below appear in the Adjusted Trial Balance columns of the end-of-period spreadsheet (work sheet). Indicate whether each balance should be extended to (a) an Income Statement column or (b) a Balance Sheet column.
1. Retained Earnings
2. Common Stock
3. Depreciation Expense
4. Accumulated Depreciation
5. Fees Earned
6. Unearned Fees
7. Supplies
8. Supplies Expense
2. Prepare an income statement for The following accounts were taken from the Adjusted Trial Balance columns of the end-of-period spreadsheet for April 30, for Finnegan Co.:
Accumulated Depreciation
$32,000
Fees Earned
78,000
Depreciation Expense
7,250
Rent Expense
34,000
Prepaid Insurance
6,000
Supplies
400
Supplies Expense
1,800
Prepare an income statement
3. Prepare an income statement for The following revenue and expense account balances were taken from the Income Statement columns of the work sheet for Fraser Services Co. for December 31: prepare an income statement
$ 4,950
Insurance Expense
2,900
Miscellaneous Expense
1,200
24,000
Service Revenue
92,500
3,150
Utilities Expense
5,000
Wages Expense
63,750
Prepare an income statement.
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The Evanec Company's next expected dividend, D1, is $3.18; its growth rate is 6%; and its common stock now sells for $36.00. New stock can be sold to net $32.40 per share. What is Evanec's percentage flotation cost, F?
Include 1 data slide and examples of a traditional format income statement and the equivalent contribution format, based on that data. Use charts when appropriate to make it visually interesting.
Use the high-low method to estimate the company's energy cost behavior and express it in equation form. Predict the energy cost for a month in which 24,500 pints of applesauce are produced.
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a village ordered supplies for its fire department at an estimated cost of 16700. the supplies were received with an
1. List the relationships, ratios and trends that will provide useful information about the overall reasonableness of accounts payable. Consider income statement accounts that affect accounts payable in selecting the analytical procedures.
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you are a controller in a midsized manufacturing company that has acquired 100 of another company. the acquired company
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