Assume that Dwision A of Sinth Comporation expononcod the folowing transactions during the voar ended Docember 31,20 I (1) (Cick the icon to viow the transacticns) Requirements 1. Prepare the Division A's income stotoment for the year ended Decombor 31, 20X7 2. For tams a throwgh e, idontify the accounting concegt, assumption, or principle that peondes gudanco in accounting for tho dom Stato how woe have applod the concept or principle in preparing the income statement. More info a. suppose DNnion A supplied copy products for a custonter for a dincounted price of 5265.000 Under normat condtons thay weult haver provided these services for 5335,000 B. The customer pad 5122.000 in December 20xt. and the balionce was bad it fidl in January 200 c. During the period Division A ako sod scme products to bivison 35 ancurving to 570090 at a cost of $18.000 d Dirsion A discovered that the femaing usuful ilie of is equigment is three mears instead of neo years. Tha lesubed in a lower deprocaben expensu of 54.000 for the year instead of \$ 000 ) 6. Al ather eqpenses toraled 5235.000 sor the wom, but oniy 5228000 mies past to employevs and supphers the lollowing transactons during the yeat ended December 31,20x. ar ended December 31,207 pt, assunption, or principbe that provides gudance in accounting for the iciple in prepaning the income statement. More info a Suppose Division A supplied copy prodicts for a cuntomar tor a drecuuntind price of \$205, 000 Under normal cenditicns, they would tave provided these services for 5335,000 b. The customer paid 5122,000 in December 20x7, and the balance was paid in fall in January 200 c. Duting the period, Division A asso bold scma protucts to Divrsen B amounting to $70.000 at a cost of $48.000 a B Bision A tickcovered that the remanning wsetul lito of ts equapment is thice years instedd of twa yoars Ihas resulted in a lower depreciation expense of St,000 for the yoar (iatead of 57,000) a. Alt other exponses toealed $235,000 for the year but chly 5220000 cas paid to employees and siepliors Assume that Dwision A of Sinth Comporation expononcod the folowing transactions during the voar ended Docember 31,20 I (1) (Cick the icon to viow the transacticns) Requirements 1. Prepare the Division A's income stotoment for the year ended Decombor 31, 20X7 2. For tams a throwgh e, idontify the accounting concegt, assumption, or principle that peondes gudanco in accounting for tho dom Stato how woe have applod the concept or principle in preparing the income statement. More info a. suppose DNnion A supplied copy products for a custonter for a dincounted price of 5265.000 Under normat condtons thay weult haver provided these services for 5335,000 B. The customer pad 5122.000 in December 20xt. and the balionce was bad it fidl in January 200 c. During the period Division A ako sod scme products to bivison 35 ancurving to 570090 at a cost of $18.000 d Dirsion A discovered that the femaing usuful ilie of is equigment is three mears instead of neo years. Tha lesubed in a lower deprocaben expensu of 54.000 for the year instead of \$ 000 ) 6. Al ather eqpenses toraled 5235.000 sor the wom, but oniy 5228000 mies past to employevs and supphers the lollowing transactons during the yeat ended December 31,20x. ar ended December 31,207 pt, assunption, or principbe that provides gudance in accounting for the iciple in prepaning the income statement. More info a Suppose Division A supplied copy prodicts for a cuntomar tor a drecuuntind price of \$205, 000 Under normal cenditicns, they would tave provided these services for 5335,000 b. The customer paid 5122,000 in December 20x7, and the balance was paid in fall in January 200 c. Duting the period, Division A asso bold scma protucts to Divrsen B amounting to $70.000 at a cost of $48.000 a B Bision A tickcovered that the remanning wsetul lito of ts equapment is thice years instedd of twa yoars Ihas resulted in a lower depreciation expense of St,000 for the yoar (iatead of 57,000) a. Alt other exponses toealed $235,000 for the year but chly 5220000 cas paid to employees and siepliors