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need number 2 only 1. For each of the following items in Old Time Cable, Incorporated's financial statements, indicate (1) whether it is reported in
need number 2 only
1. For each of the following items in Old Time Cable, Incorporated's financial statements, indicate (1) whether it is reported in the income statement or balance sheet and (2) whether it is an asset, liability, stockholders' equity, revenue, or expense account. The first item is given as an example. 2. Old Time Cable also reported $4,340 in operating expenses. Based on the available information, determine the company's net profit margin expressed as a percent Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 For each of the following items in Old Time Cable, Incorporated's financial statements, Indicate (1) whether it is reported in the income statement or balance sheet and (2) whether it is an asset, liability, stockholders' equity, revenue, or expense account. The first item is given as an example. Item (1) Statement (2) Account Type Cash 880 Balance Sheet Asset 1. Service Revenue 5,500 Income Statement Revenue 2 Accounts Receivable 900 Balance Sheet Asset 3. Interest Expense 380 Income Statement Expense 4. Deferred Revenue 200 Balance Sheet Liability 5. Income Tax Expense 250 Income Statement Expense 6. Retained Earnings 120 Balance Sheet Stockholders' Equity OOOOOO Required: 1. For each of the following items in Old Time Cable, Incorporated's financial statements, indicate (1) whether it is reported in the income statement or balance sheet and (2) whether it is an asset, liability, stockholders' equity, revenue, or expense account. The first item is given as an example 2. Old Time Cable also reported $4,340 in operating expenses. Based on the available information, determine the company's net profit margin expressed as a percent. Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Old Time Cable also reported $4,340 in operating expenses. Based on the available information, determine the company's net profit margin expressed as a percent. (Round your answer to 1 decimal place.) Net Profit Margin Step by Step Solution
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