BLADERUNNERS exercise _1 proforma

BLADERUNNERS exercise _1 proforma - BLADERUNNERS GB 112...

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BLADERUNNERS GB 112 – Class Exercise #1 Yolanda, Evan and Greg have started to pull together pro-forma financial statements for their presentation to Aunt Whinney and her Beacon Hill Angel Investors Club. They have forecasted that the following events will occur in 2010. (These transactions are for class illustration purposes and may not reflect numbers seen in the Instructional Narrative.) Analyze the following forecasted events and show their effect on the spreadsheet that is available on the GB112AllSections blackboard site. Summarize the results and prepare, in good form, a proforma income statement for 2010, a proforma statement of retained earnings for 2010, and a proforma balance sheet as of December 31, 2010. 1. Yolanda, Evan and Greg plan to invest $15,000 each from their own personal funds and to receive an additional $75,000 from the Beacon Hill Angel Investors in exchange for ownership interest in the new company. The company, to be named Bladerunners, will be organized as a corporation. 2.
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This note was uploaded on 02/24/2010 for the course GB 112 taught by Professor Osterheld during the Spring '10 term at Bentley.

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BLADERUNNERS exercise _1 proforma - BLADERUNNERS GB 112...

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