Solution-Prepare a multistep income statement for rose

Assignment Help Financial Accounting

Problem 1: Prepare a multistep Income statement for Rose Corporation for 2019 using the below data.

Accounts receivable 5,400 Rent expense 6,200

Repair expense 600 Salary expense 6,600

Cost of goods sold 32,000 Sales revenue 55,500

Income tax expense 600 Interest expense 900

Utilities expense 700 Equipment 12,000

What amount should reported as current liability for deposit : The lessor appropriately classified the lease as an operating lease. What amount should be reported as current liability for deposit?

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Determine the goodwill on acquisition of damai ltd : Give three condition when the functional currency of Damai Lid. is Ringgit Malaysia (RM). Determine the goodwill on acquisition of Damai Ltd.

Prepare a multistep income statement for rose corporation : Prepare a multistep Income statement for Rose Corporation for 2019. Accounts receivable 5,400. Sales revenue 55,500. Interest expense 900

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