1620 INSTALLMENT NOTESCONTINGENCIES ANDSALES81,000 BEG RE1620PURCHASES56,700 DIVIDENDS EXPENSE5670 PENSIONS2025BEG INVENTORY16,200DRAWINGS405OPERATING LEASE1215ENDING INVENTORY24,300 BEG OE8,1004,050 COMMON STOCK2,025 TREASURY STOCKSUPPLIES EXP8,100ADVERTISINGE EXP1215DEPRECIATION EXP (BUILDING ANDPREFERED STOCKPAID UP CAPITAL IN810 EXCESSEQUIPMENT)972810RENT EXPENSE1215AMORTIZATION EXP567CURRENT ASSETS16,200INTEREST EXP64812150NWCBUILDING AND1,215 EQUIPMENT,NETDIVIDEND INCOMEINTEREST INCOME32,400567COPY RIGHTS,NET11340LONG TERMТAX EXPLOSS DUE TO SALE OF FALONG TERM DEBT12% INVESTEMENTS1296081030,087GIVEN THE INFORMATION (YEAR END 2020) ABOUT PLUTO INCOPORTATION.МАКE ITSINCOME STATEMENT (2020)STATEMENT OF RETAINED EARNINGS (2020)STATEMENT OF OWNERS EQUITY (2020)BALANCE SHEET (2020)CALCULATE AND INTERPRET GROSS PROFIT MARGIN (2020)CALCULATE AND INTERPRET (DERECIATION/AMORTIZATION) /DEPRCIABLE ASSETS (2020)

Income Statement is used to report a company financial statement during the accounting period and…

GIVEN THE INFORMATION (YEAR END 2020) ABOUT PLUTO INCOPORTATION. ΑΚΕ TS INCOME STATEMENT (2020) STATEMENT OF RETAINED EARNINGS (2020) STATEMENT OF OWNERS EQUITY (2020) BALANCE SHEET (2020) CALCULATE AND INTERPRET GROSS PROFIT MARGIN (2020) CALCULATE AND INTERPRET (DERECIATION/AMORTIZATION) /DEPRCIABLE ASSETS (2020)

GIVEN THE INFORMATION (YEAR END 2020) ABOUT PLUTO INCOPORTATION. ΑΚΕ TS INCOME STATEMENT (2020) STATEMENT OF RETAINED EARNINGS (2020) STATEMENT OF OWNERS EQUITY (2020) BALANCE SHEET (2020) CALCULATE AND INTERPRET GROSS PROFIT MARGIN (2020) CALCULATE AND INTERPRET (DERECIATION/AMORTIZATION) /DEPRCIABLE ASSETS (2020)

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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