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Use the following information to answer questions 110 For each item, determine the type of account (Asset, Liability, Stockholder's Equity, Dividends, Revenue or Expense) and
Use the following information to answer questions 110 For each item, determine the type of account (Asset, Liability, Stockholder's Equity, Dividends, Revenue or Expense) and the type of activity (Operating, Investing or Financing). When answering the question, input ONLY the first letter, for example: if the answer was Liability input L as the answer. Use the following to answer questions 11 - 14 TR Corp reports the following amounts at the end of the year: 11. $ Calculate net income. 12. Calculate stockholders' equity at the end of the period. 13. $ Calculate ending retained earnings: 14. Calculate beginning retained earnings: Chapter 1 Page 1-1
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