Introduction to Financial Accounting I

Same if he prepares financial statements applying IFRS rules

ch_4_practice_questions.docx-Same if he prepares financial statements

Exercise 2 – 4 1. Cash ..................................................................... 500,000 Common stock .................................................. 500,000 2. Office equipment ................................................. 100,000 Cash ..............................................................

Ch.2_HW_Solution.pdf-Exercise 2 – 4 1. Cash

Exercise 1 – 1 Requirement 1 Pete, Pete, and Roy Operating Cash Flow Year 1 Year 2 Cash collected $160,000 $190,000 Cash disbursements: Salaries (90,000) (100,000) Utilities (30,000) (40,000) Purchase of insurance policy (60,000) - 0 - Net operating cash flow $(20,000) $ 50,000 Requirement 2 Pete, Pete, and Roy Income Statements Year 1 Year 2 Revenues $17

All courses in ACC

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