After analyzing the data prepare an income statement and a

Assignment Help Finance Basics
Reference no: EM13572516

This information relates to Alexis Co. for the year 2012.

Retained earnings, January 1, 2012

$67,000

Advertising expense

1,800

Dividends paid during 2012

6,000

Rent expense

10,400

Service revenue

58,000

Utilities expense

2,400

Salaries and wages expense

30,000

Instructions

After analyzing the data, prepare an income statement and a retained earnings statement for the year ending December 31, 2012.

Reference no: EM13572516

Questions Cloud

Explain what type of audit report is used when the entity : explain what type of audit report is used when the entity would not allow the cpa to confirm any of the accounts
What will the required deposit today be in order to be : what will the required deposit today be in order to be able to withdraw 19000 in 4 years and 18000 in 14 years if the
I act as guarantor on a mortgage on a spanish property : i act as guarantor on a mortgage on a spanish property owned by a spanish limited company. i have a guarantor agreement
Clarkston inc has 400000 of 12 bonds callable at 102 with a : clarkston inc. has 400000 of 12 bonds callable at 102 with a remaining 10-year term and interest payable semiannually.
After analyzing the data prepare an income statement and a : this information relates to alexis co. for the year 2012.retained earnings january 1 201267000advertising
Explain what typ of audit report is used when the company : explain what typ of audit report is used when the company changes from lifo to fifo for inventory costing this change
The fair view golf amp country club details the following : the fair view golf amp country club details the following accounts in its financial statements.abaccounts
Locate an online dating service and investigate what kinds : locate an online dating service and investigate what kinds of information one must disclose to participate whether
Explain what type of audit report give the group auditiors : explain what type of audit report give the group auditiors opinion on group financial statements is based partially on

Reviews

Write a Review

Finance Basics Questions & Answers

  Financial reporting and analysis

Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..

  A report on financial accounting

This report is specific for a core understanding for Financial Accounting and its relevant factors.

  Describe the types of financial ratios

Describe the types of financial ratios and other financial performance measures that are used during venture's successful life cycle.

  Differences between sole proprietorship and corporation

Briefly describe the major differences between a sole proprietorship and a corporation

  Prepare a cash budget statement

Calculate the expected value of the apartment in 20 years' time. What is the mortgage loan repayment at the beginning of each month

  What are the implied interest rates

What are the implied interest rates in Europe and the U.S.?

  State pricing theory and no-arbitrage pricing theory

State pricing theory and no-arbitrage pricing theory

  Small business administration

Identify the likely stage for each venture and describe the type of financing each venture is likely to be seeking and identify potential sources for that financing.

  Effect of financial leverage

The Effect of Financial Leverage and working capital management

  Evaluate the basis for the payment to the lender

Evaluate the basis for the payment to the lender and basis for the payment to the company-counterparty.

  Importance of opps, ipps, mpfs and dmepos

Research and discuss the differences and importance of : OPPS, IPPS, MPFS and DMEPOS.

  Time value of money

Time Value of Money project

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd