Balance Sheet At December 31, 2012 Assets Liabilities and Equity $ 72 $60 Cash Accounts Receivable Merchandise Inventory Accounts Payable Bank Loan, non-current 88 150 100 Prepaid Expenses Property, Plant, and Equipment, at carrying amount Total Assets 40 Preferred Shares 60 Common Shares 250 Retained Earnings Total Liabilities and Equity 320 100 $620 $620 Salinas Limited Income Statement For the Year Ended December 31, 2012 Sales $240 Cost of Goods Sold Gross Profit 144 96 Operating Expenses Salaries $ 4 Depreciation 50 Income from Operations 46 Less: Interest Income before Income Taxes 38
Balance Sheet At December 31, 2012 Assets Liabilities and Equity $ 72 $60 Cash Accounts Receivable Merchandise Inventory Accounts Payable Bank Loan, non-current 88 150 100 Prepaid Expenses Property, Plant, and Equipment, at carrying amount Total Assets 40 Preferred Shares 60 Common Shares 250 Retained Earnings Total Liabilities and Equity 320 100 $620 $620 Salinas Limited Income Statement For the Year Ended December 31, 2012 Sales $240 Cost of Goods Sold Gross Profit 144 96 Operating Expenses Salaries $ 4 Depreciation 50 Income from Operations 46 Less: Interest Income before Income Taxes 38
Chapter7: Accounting Information Systems
Section: Chapter Questions
Problem 2EB: The following information pertains to Crossroads Consulting, Inc. Match each of the following parts...
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