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4.3.1 Project: Income Statement and Statement of Owner's Equity Accounting Sem 2 Name:Kim is an accountant for Jacqueline Daniels Kitchenry (JDK), a company owned by
4.3.1 Project: Income Statement and Statement of Owner's Equity Accounting Sem 2 Name:Kim is an accountant for Jacqueline Daniels Kitchenry (JDK), a company owned by a celebrity chef. JDK has two main components: a service business, which provides high-end catering in the Manhattan area, and a merchandising business that sells cookware and cooking supplies nationwide. In her role, Kim must prepare separate statements for these two components of JDK. Edward has recently been hired as Kim's intern. She is teaching him about the company's accounts and how they are handled. Kim and Edward are getting ready to prepare the income statements for JDK for the third quarter of the year. Because this business has two components, there will be two income statements
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