Survey of Accounting (Available Titles Cengagenow)

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Name: Section: Score: 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. CASE-IT CO. Income Statement Revenues from sales: Less: Net sales Cost of merchandise sold Gross profit Expenses: Selling expenses: Total selling expenses Administrative expenses: Total administrative expenses Total expenses Income from operations Other expense: Net income 2. CASE-IT CO. Retained Earnings Statement Retained earnings, December 1, 2009 Retained earnings, November 30, 2010 3. CASE-IT CO. Balance Sheet Assets Current assets: Total current assets: Property, plant and equipment: Office equipment Store equipment Total property, plant and equipment Total assets Liabilities Current liabilities: Total current liabilities: Long-term liabilities: Total liabilities Stockholders' Equity Total stockholders' equity Total liabilities and stockholders' equity 4. a. b.
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This note was uploaded on 11/04/2011 for the course ACC 121 taught by Professor Thomas during the Winter '08 term at Baker MI.

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04-01Pr_5e_s - Problem 4-1 Name: Section: Score: 0%...

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