Chapter 1, Problem 1CP

1.

To determine

Identify the type of products sold by AE Outfitters.

2.

To determine

Identify the date of most recent reporting year end for AE Outfitters.

3.

To determine

Identify the number of years for which the following statements are presented completely.

4.

To determine

Identify if the financial statements are audited by CPA and provide reasons.

5.

To determine

Identify the increase or decrease of assets of AE Outfitters, over the last year.

6.

To determine

Identify the inventories available with AE Outfitters, as of January 28, 2012.

7.

To determine

Write the basic accounting equation for AE Outfitters, with the values reported as of January 28, 2012.