LarsonFFS10 - Chapter 10 Focus on Financial Statements...

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Focus on Financial Statements Online FFS 10-2 FFS 10-3 Chapter 10 Refer to Leon’s Furniture Limited’s balance sheet and income statement on pages I-3 and I-4 in Appendix I at the end of the textbook. Required Answer the following questions. 1. The balance sheet shows accounts receivable of $31,221 (thousand) at December 31, 2002. What type of asset is accounts receivable? Explain how accounts receivable arise. 2. Refer to the income statement. Does the change in receivables appear to correspond to the change in total sales? Explain your answer. Part 1 BCE Inc. , also known as Bell Canada Enterprises Inc., is Canada’s largest communications company with its head of±ces in Montreal, Quebec. BCE Inc. showed the following on its December 31, 2002, ±nancial statements: Required Answer the following. a. On which statement does accounts receivable appear? b.
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This note was uploaded on 08/22/2009 for the course ACCT 1101 taught by Professor Davescott during the Fall '05 term at Niagara College.

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LarsonFFS10 - Chapter 10 Focus on Financial Statements...

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