Wine History Essay

7.    Prepare the 3 financial statements for the year ended June 30, 2013 (multi step income statement, classified balance sheet, and statement of retained earnings). Even though you are preparing a multi-step income statement, you still need to list the various expenses individually on the income statement for consideration of full credit. These 3 statements must be typed. Also you must include appropriate dollar signs and appropriate underlines and correct formatting for the statements to receive full credit.

17. Linden Corporation is preparing its December 31, 2012, financial statements. Two events that occurred between December 31, 2012, and March 10, 2013, when the statements were issued, are described below.

Based on this information, what is Dawson’s common stock balance at the end of the year?

Identify the financial statement(s) where each of the following items appears. Use I for income statement, E for statement of retained earnings, and B for balance sheet.

Alcohol has been the lifeblood of civilization dating thousands of years back in time, and it is clear to see the culture impact it has made throughout history. People perceive alcohol in many different ways; depending on gender, age, religious background, or social upbringing. Throughout history alcohol has affected different cultures and various demographics. It has been a source of pleasure and aesthetic in many cultures, along with being one of the oldest rites of passage, especially in modern day American society. Alcohol and drinking were also an integral part of religious observances throughout history and culture. The use of alcohol can be seen as a social lubricant, and besides being a thirst quencher, it can play a pivotal role

1. As of December 31, 2011, what amount, if any, of sales due should be recognized in eVade’s financial statements?

The following additional facts are collected for use in making adjusting entries on December 31 prior to preparing financial statements for the company’s first three months. Journalize the following adjusting journal entries in the General Journal on page 6 and then post them to

Part B (6 Marks) Prepare an Income Statement for the year ended 30 June 2014:

(2) Show how the truck would be reported in the December 31, 2011, balance sheet.

The cash flow statement shows the amount of cash within a company. Items that affect the cash balance are listed on the statement. The first section of the cash flow statement is operating activities, which shows the cash flowing in and out of the company in relation to its business operation. The operating activities section also includes net income and the change in dollars of certain accounts listed on the balance sheet. The next section, investing activities, shows cash the company received and spent on a company's capital investments. The financing activities section shows the inflows and outflows of cash related to the company’s issued financial securities, which is also listed on the balance sheet and statement of shareholders' equity.

Determine which expenses are mixed and, by use of the high-low method, separate each mixed expense into its variable and

b. Prepare an income statement, a statement of retained earnings, and a balance sheet (See Exhibit 1.2, 1.3 and 1.4).

Sociological Imagination is the ideology started by the American sociologist C.Wright Mills. He described sociological imagination as an understanding of social norms that people take to be natural in the society is actually abnormal. In the case of wine drinking, it seems to be an activity adults do to put them to sleep. Studies show a glass of wine before bed or during exercise helps human bodies to relax and protect one’s muscles. In other words, this is an activity of self-care that can avoid insomnia. Nonetheless, wine drinking has become a custom in the business world in several Asian countries such as Taiwan, China, Japan and Korea, which often lead to alcoholism, liver disease, or cardiovascular.

The cash flow statement consists of three parts: cash flows provided by operating activities of $13,831, cash flows provided by investing activities, and cash flows provided by financing activities effect of exchange rate changes on cash and cash equivalents of ($204)

1. Discuss methods (Accounting Policies) your chosen company uses to account for its various items of assets, liabilities, and shareholder equity: