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Marine Supply Company Part 2 As discussed earlier, the partners hevejust tclli yuu that the United States Navy has proposed the purchase ufSlEHJm...

Help making correct assumptions for this income statement and balance sheet.

Logical Assumptions

ex. If their sales increase, the assumption has to be that the will incur higher expenses

correct income statement and balance sheet in order to display correct logical assumtions based on the purchase of 1,500,000 supplies and 1,000,000 investment discussed in the paragraph 


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Marine Supply Company — Part 2 As discussed earlier, the partners hevejust tclli yuu that the United States Navy has
proposed the purchase ufSlfiEHJfim ufn'lsn'ne supplier... This ccutrsct, ifscceptefl,
wetfld require a une-tin'ne investment in new equip-III cf$l,flflfl,flflfl sud wcuid he
renewedycsr sfler year. After scene discussicu ans-ting Thamehll, Illefg.r decide-Elm accept
Thecrtlersndsreuewwunfleringwhsttc dc next. This iswhyflleyhsve cflledjruu.

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PRDJECTED IHCflME ETHI‘EMENT FDR
THE YEAR 5 ——— Hates:
The fclicwing Assumptions has been made in the
shave pmjsctims: I. HcDeptecisticnhssh-eenchsrgedcnthenew
cquiptttcnt. 2. Nu {Hitler Elpcnscs arc incurtctl itt cumplcticn
cfshcvecmtrnctcndsilcfltflespensescnd
incomes remain unchangedi 3. his Inmease in is: Liabilin arises due is
acceptancc cf new cuntrcct {Lc.. lnccmc
camcd fi'cm sales to Navy are escmptcd from
tax} 4. Dividendhsshecndecismd st dissstncrstest
which it “rm given in prcviuus ycar 5. As the Base cht is Test 4. HI:- lnctcssc in
CLIII‘HII Liabilities and Cmt‘mt assets can be
midst-ed.

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