Assume that Lululemon Athletica Inc. reported the following summarized data at December 31, 2014. Accounts appear in
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Revenues ..................................................................... $275
Other liabilities ............................................................ 38
Other assets ................................................................. 101
Cash and other current assets ...................................... 53
Accounts payable ......................................................... 5
Expenses ..................................................................... 244
Shareholders' equity .................................................... 80
Prepare the trial balance of lululemon at December 31, 2014. List the accounts in their proper order, as on page 76 . How much was lululemon's net income or net loss?
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Related Book For
Financial Accounting
ISBN: 978-0133472264
5th Canadian edition
Authors: Charles Horngren, William Thomas, Walter Harrison, Greg Berberich, Catherine Seguin
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