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Neros Income Statement Data Neros Revenue Accounts $50,000 Neros Expense Accounts $40,000 $30,000 Utilities Expense Rent Expense Insurance Expense $20,000 Advertising Expense $10,000 $0

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Neros Income Statement Data Neros Revenue Accounts $50,000 Neros Expense Accounts $40,000 $30,000 Utilities Expense Rent Expense Insurance Expense $20,000 Advertising Expense $10,000 $0 Salaries Expense Consulting Revenue Rental Revenue Req 1 Req 2 and 3 Using income statement data for Neros, prepare a December in NEROS Income Statement Reg 1 0 Req 1 Req 2 and 3 2. If Neros pays a cash dividend to its sole stockholder to pay for a family vacation, how is this reported on the financial statements? 3. If the sole stockholder of Neros invests cash into the business, how is this reported on the financial statements? 2. If Neros pays a cash dividend to its sole stockholder to pay for a family vacation, how is this reported on the financial statements? 3. If the sole stockholder of Neros invests cash into the business, how is this reported on the financial statements? < Req 1 Req 2 and 3 > Show less

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