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After all the transactions for the year ended December 3 1 2 0 Wi - Fi had been posted including the transaction, recorded and part
After all the transactions for the year ended December WiFi had been posted including the transaction, recorded and part one and all adjusting entries. The data that follows were taken from the records of equinox products Inc.
A Prepare a multi step income statement for the year ended December Y in concluding with earningspershare and computing earningspershare assume that the average number of common shares outstanding was $ and preferred dividends were $ be sure to complete the statement, referred to the account names, and the instructions and the list of labels and amount descriptions for the exact wording of entire text entries less or add, will automatically appear. If it is required enter amount is positive numbers unless the amount is a calculation that results in negative amount for example, not loss, should be negative expenses should be positive round earnings per share to the nearest cent.
B Prepare a retained earning statement for the year ended December Y be sure to complete the statement heading refer to the account names and the instructions and the list of labels and amount descriptions for the exact wording of text entries if a net loss is incurred, or there is a decrease in owners equity, enter that amount as a negative number, using a minus sign.
Cprepare a balance sheet in report form as of December x Be sure to complete this statement heading refer to the account names and the instructions and the list of labels and amount descriptions for the exact wording of text entries less or add, will automatically appear if it is required for those boxes and which you must enter subtractive or negative numbers, use a minus sign recall that current assets are to be reported in order of liquidity available for sale and investments are considered to be more liquid than accounts, receivable, report fixed assets and paid in capital accounts, and account number order, omit the description of bonds and stocks.
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