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Required: 1. For each of the following items in Old Time Cable, Inc.'s financial statements, indicate (1) whether it is reported in the income statement
Required: 1. For each of the following items in Old Time Cable, Inc.'s financial statements, indicate (1) whether it is reported in the income statement (l/S) or balance sheet (B/S) 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 $4.940 in operating expenses. Based on the available information, determine the company's net profit margin expressed as a percent. 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, Inc.'s financial statements, indicate (1) whether it is reported in the income statement (I/S) or balance sheet (B/S) and (2) whether it is an asset, liability, stockholders' equity, revenue, or expense account. The first item is given as an example. Item (2) Account Type Cash Asset 1. Service Revenue 2. Accounts Receivable 3. Interest Expense 4. Deferred Revenue 5. Income Tax Expense 6. Retained Earnings (1) Statement $ 1.180 BIS 6.700 US 1.200 B/S 500 US 500 BIS 310 US 180 B/S Revenue Asset Expense Liability Expense Stockholders' Equity Complete this question by entering your answers in the tabs below. Required 1 Required 2 Old Time Cable also reported $4,940 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
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