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Since both the income statement and the statement of cash flows report on company changes,
a.an income statement is not necessary if a statement of cash flows is prepared.
b.a statement of cash flows is not necessary if an income statement is prepared.
c.a statement of cash flows and an income statement are prepared regardless.
d.a balance sheet is not necessary if an income statement and a statement of cash flows is prepared.
e.a balance sheet is not necessary if either an income statement or a statement of cash flows is prepared.
troto company has total fixed costs of 6000000 and total variable cost of 3000000 at a volume level of 300000 units.
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Prepare Mountains perpetual inventory record - Perpetual inventory record-FIFO Mountain Cycles uses the FIFO inventory method.
helen purchased 50 percent of the shares of hij corp. a calendar year s corporation for 7000. she also guaranteed a
On January 1, 2010, Lucas Distributors, Inc., adopted the dollar-value LIFO inventory method for income tax and external financial reporting.
stonehenge inc. a manufacturer of landscaping blocks began operations on april 1 of the current year. during this time
record them to the corresponded journals and ledgers. 1. sales journal 2. cash receipts journal 3. prchase hournal 4.
lead time audio max electronics company manufactures electronic stereo equipment. the manufacturing process includes
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