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Can anyone help me with accounting problems ? Multiple choice questions from 3 to 5 and short answer question 5 too. c. it is unnecessary
Can anyone help me with "accounting" problems ? Multiple choice questions from 3 to 5 and short answer question 5 too.
c. it is unnecessary if both an income stasement and stanement e cashos u available (3) According to the rules of debits and credits for helanse shoet asuns a. increases in asset, liability and owsers' equity scunts are ro b. decreases in asset and liability accounts are recorded by crmdis C. decreases in liability and owner's equity accounts are wrdhd by debits by dstils Which of the following does not desceribe acountine a language of business b is an end rather than a means to an end .useful for decision making (SyIndicate the one that not correctly describe net iscome, net inIN is equal to revenue minus the sum of expenses and dhvidents b. is equal to revenue minus expenses C increases owners' equity 5. Fill in blanks (10 2-20) (1) Selected balance sheet items are shown for the Microtoech Ute the apply in making your calculations missing amounts for each of the four years, W'hat basic aecounting quatin dit yow ear 1 Yar 2 ear d Current assets Non-current assets Total assets Current liabilities Non-current liabilities Paid-in capital Retained capital Total liabilities and Ae TE 198 131021 $50.142 $40.220 $ ?15,55)S ?17,53 40,91 u 60.100 0m 214,158 173270000 10000 13.785 1422150 1a8 sw0 Owner's equity $524.000 $288430 (2) Selected income statement items are shown for Astrotech Company, Compute th missing amounts for each of the four years. What basie accounting equation did you apply in making your calculations? (Hint: to estimate the year 4 missing numbers, compute the typical percentage eaelh expense item is of sales for years I to 3 and apply the percentage figure for eaech expense item to year 4's sales)Step by Step Solution
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