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I need the adjustment balance for problem 4 Included EMENTS 3. Jim Adams completes the year-end worksheet through the income statement and balance sheet columns.
I need the adjustment balance for problem 4 Included
EMENTS 3. Jim Adams completes the year-end worksheet through the income statement and balance sheet columns. See page 18 of the Reference book for an example of a completed year- end worksheet. 4. Jim Adams calculates federal income tax expense from the income statement column on the year-end worksheet, enters it in the adjustments column of the worksheet, and extends the expense and liability amounts to their respective income statement and balance sheet columns. Corporate income tax rates are subject to change annually, but for 2022 the corporate income tax rate is 21% (most recent as of date of publication). 5. Jim Adams prepares financial statements in good form: statement of income and retained earnings, comparative balance sheet, and statement of cash flows (indirect method). He uses the formats suggested in the Systems Understanding Aid Reference book 6. Nancy Ford prepares three supplementary reports as of December 31, which will luohlo information for management and the external auditors an accounts fixed assets report (See EMENTS 3. Jim Adams completes the year-end worksheet through the income statement and balance sheet columns. See page 18 of the Reference book for an example of a completed year- end worksheet. 4. Jim Adams calculates federal income tax expense from the income statement column on the year-end worksheet, enters it in the adjustments column of the worksheet, and extends the expense and liability amounts to their respective income statement and balance sheet columns. Corporate income tax rates are subject to change annually, but for 2022 the corporate income tax rate is 21% (most recent as of date of publication). 5. Jim Adams prepares financial statements in good form: statement of income and retained earnings, comparative balance sheet, and statement of cash flows (indirect method). He uses the formats suggested in the Systems Understanding Aid Reference book 6. Nancy Ford prepares three supplementary reports as of December 31, which will luohlo information for management and the external auditors an accounts fixed assets report (See
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