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Problem 5-24 Multistep Income Statement and Balance Sheet

Problem 5-24 Multistep Income Statement and Balance Sheet
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ACCOUNTING

Survey of Accounting
Second (2nd) Edition
Thomas Edmonds, Philip Olds, Frances McNair, Bor-Yi Tsay
ACC 201 ACC/201 Accounting 201

Problem 5-24 Multistep Income Statement and Balance Sheet

Use the following information to prepare a multistep income statement and a classified balance for Reza Equipment Co. for 2010. (Hint: Some of the items will not appear on either
and ending retained earnings must be calculated.)

AND SO ON

Check:
Total Current Assets: $250,300
Total Current Liabilities: $109,600

 

FILE: MS

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