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Can someone answer this please sheet for Rashid Corporation. the cas h flows from operating activities section (only) using the indirect method. Rashid Corporation Income
Can someone answer this please
sheet for Rashid Corporation. the cas h flows from operating activities section (only) using the indirect method. Rashid Corporation Income Statement For Year Ended December 31, 2010 Sales Cost .. Depreciation expense Other operating expenses Other gains (losses): $504,000 of goods sold. 5327 42,000 125.500 (495,100 .... Gain on sale of equipment. ome before taxes Income tax expense.. Net S 16,100 (4.800) income Rashid Corporation Balance Sheets At December 31 2009 64,650 55,800 29,000 52,100 240,000 222,000 106.000) 96.000 Assets 2010 Cash 21,000 58,000 Inventory Equipment Accumulated depreciation Total assets. Liabilities: Accounts payabl. Income taxes payable .. Total liabilities. able S 28,400 23,700 1050 1200 29,450 24,900 Equity $106,000 $106,000 Common stock Contributed Capital in excess of par value..18 Retained earnings 18,000 18,000 124,200 114.000 $248.200 $238,000 $277650 $262,900 Total equity... Total liabilities and equity Step by Step Solution
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