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Required information [ The following information applies to the questions displayed below. ] Thornton Company is a retail company that specializes in selling outdoor camping
Required information The following information applies to the questions displayed below. Thornton Company is a retail company that specializes in selling outdoor camping equipment. The company is considering opening a new store on October year The company president formed a planning committee to prepare a master budget for the first three months of operation. As budget coordinator, you have been assigned the following tasks. Required h Prepare a pro forma income statement for the quarter. i Prepare a pro forma balance sheet at the end of the quarter. j Prepare a pro forma statement of cash flows for the quarter.
Required information
The following information applies to the questions displayed below.
Thornton Company is a retail company that specializes in selling outdoor camping equipment. The company is
considering opening a new store on October year The company president formed a planning committee to prepare a
master budget for the first three months of operation. As budget coordinator, you have been assigned the following tasks.
Required
h Prepare a pro forma income statement for the quarter.
i Prepare a pro forma balance sheet at the end of the quarter.
j Prepare a pro forma statement of cash flows for the quarter.
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