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A comparative balance sheet for Omoplata Corporation is presented below:
Net income for 2006 was $115000. Cash dividends of $50,000 were paid. Land was sold at a gain of $ 50,000. The company paid cash for all equipment purchases except for a $40,000 computer that was financed by the issuance of common stock. Omoplata Corporation sold equipment at a loss of $30,000 that had a cost of $70,000 and a hook value of $50,000. The company issued $50,000 of bonds at par during the year and redeemed other bonds for cash.
(a) Prepare a statement of cash flows for the year ended December 31, 2006 along with any related disclosures.
(b) Prepare a statement of retained earnings for the year ended December 31, 2006.
balance sheet. construct a balance sheet for sophies sofas give the following data. what is shareholders equity?cash
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It's also important because it affects all of us, in one way or another, in our daily life. After R5 and R6 coverage of the UCC, illustrate what areas seemed familiar to you because of personal experiences?
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actual sales values at split-off point for joint products y and z are not known. for purposes of allocating joint costs
Find these financial statements on their website and you have a complex task so start by reviewing both the Balance Sheet and Income Statement for the past 2 years as well as reading the Annual Report notes for these reports.
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