
(a)
Financial statements: Financial statements refer to those statements, which are prepared by the Company according to particular formats in accounting to show its financial position. Mainly Financial statements include following statements:
Cash flow statement- Income statement
Balance sheet
To identify: Items related to prepayment adjusting entries.
(b)
To identify: Items related to accruals adjusting entries
(c)
To identify: Trend of net income from 2011 to 2013.

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Chapter 3 Solutions
Accounting Principles 12E WileyPLUS with Loose-Leaf Print Companion with WileyPLUS Leanring Space Card Set
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