FMGT 2293 Assignment #1

FMGT 2293 Assignment #1 - A B C D Retained earnings Dec....

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Unformatted text preview: A B C D Retained earnings Dec. 31, Year 1 $100,000 $320,000 $1,475,000 $830,000 Net Income 40,000 145,000 550,000 190,000 Dividends declared And paid 10,000 35,000 225,000 40,000 Retained earnings Dec.31, Year 2 130,000 430,000 1,800,000 980,000 F MGT 2293 Assignment #1 Seung Hun Han Student # : 100165736 Problem 1-32 Problem 1-33 (a) Title Line #1 A Slice of Life Title Line #2 Income Statement Title Line #3 For the month of November, 2xxx Revenues Sales Revenue $23,870 Total Revenue $23,870 Expenses Rent Expense $1,200 Telephone Expense 220 Electricity Expense 670 Water Expense 420 Supplies Expense 7,130 Wages Expense 5,120 Total Expense $14,760 Net Income $ 9,110 (b)- Interest expense: Could have bank loans and other debts which cause interests to accumulate.- Tax expense: Tax on the companys profits during the period - Amortization expense: Could have spent money renovating the place or getting new equipment....
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This note was uploaded on 09/25/2010 for the course FMGT FMGT 2293 taught by Professor Hamere. during the Summer '09 term at Langara.

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FMGT 2293 Assignment #1 - A B C D Retained earnings Dec....

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