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Survey of Accounting (Available Titles Cengagenow)

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Problem 2-1 Name: Section: Score: 28% *Since some answer boxes are correct when left blank, the beginning score is greater than 0%. Answers are entered in the cells with gray backgrounds. Cells with non-gray backgrounds are protected and cannot be edited. A red asterisk (*) will appear in the column to the right of an incorrect answer. 1. Assets = Liabilities + Stockholders' Equity Notes Capital Retained Cash + Land = Payable + Stock + Earnings a. b. Bal. c. Bal. d. Bal. e. Bal. f. Bal. g. Bal. h. Bal. i. Bal. 2. 3. WOODS INSURANCE, INC. Income Statement For the Month Ended July 31, 2011 Revenues: Expenses: Total expenses WOODS INSURANCE, INC. Retained Earnings Statement For the Month Ended July 31, 2011 Retained earnings, July 31, 2011 4. WOODS INSURANCE, INC. Balance Sheet July 31, 2011 Assets Total assets Liabilities Stockholders' Equity Total stockholders' equity Total liabilities and stockholders' equity 5. WOODS INSURANCE, INC. Statement of Cash Flows For the Month Ended July 31, 2011 Cash flows from operating activities: Net cash flows from operating activities
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