Chapter 1, Problem 1.74SC

1.

To determine

The form of business organization.

2.

To determine

To identify: The line item flows from the income statement to the statement of retained earnings.

3.

To determine

To Identify: The line item that flows from the statement of retained earnings to the balance sheet.

4.

To determine

To Identify: The line item that flows from the statement of cash flows to the balance sheet.

5.

To determine

If the company earned net income or net loss for its fiscal year 2016 and to determine the period of time in which is amount was earned.

6.

To determine

The accounting equation for the Company C as of January 3, 2017.

7.

To determine

The total resources of the Company required to work with and to find the amount that has to be paid to creditors.