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Following is selected financial information for Kasio Co. for the year ended December 31, 2013.
K. Kasio, Capital, Dec. 31, 2013 . . . . . . . . . $14,000Net income . . . . . . . . . . . . . . . . . . . . . . . . . 8,000K. Kasio, Withdrawals. . . . . . . . . . . . . . . . . $1,000K. Kasio, Capital, Dec. 31, 2012. . . . . . . . . 7,000Required:Prepare the 2013 statement of owner's equity for Kasio.
Laser Tex Inc. manufactures low-end computer components within a relevant range of 100,000 to 140,000 disks per year. Within this range, the following partially completed manufacturing cost schedule has been prepared: Complete the cost schedule
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