Macon corporation has been in the business of delivering

Reference no: EM13607597

Macon Corporation has been in the business of delivering small packages for local companies within the city of Atlanta, Georgia, since 1960. The following information concerning financial activities during 2012 is available at December 31, 2012: A. Prepare a multi-step income statement. B. If you were a bank loan officer and Macon Corporation wanted to borrow $100,000 from your bank, would you lend the money? Explain. C. Calculate retained earnings at December 31, 2012.

Reference no: EM13607597

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