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Assume that Old Navy, reported the following summarized data at

Assume that Old Navy, reported the following summarized data at December 31, 20X8. Accounts appear in no

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Assume that Old Navy, reported the following summarized data at December 31, 20X8. Accounts appear in no particular order; dollar amounts are in millions.

Prepare the trial balance of Old Navy at December 31, 20X8. List the accounts in their proper order, as on page 71. How much was Old Navy's net income or net loss?

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Other liabilities $2 $36 Revenues.. 8 Other assets 24 Accounts payable Stockholders' equity..

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I am an Associate Member of Cost and Management Accountants of Pakistan with vast experience in the field of accounting and finance, including more than 17 years of teaching experience at university level. I have been teaching at both undergraduate and post graduate levels. My area of specialization is cost and management accounting but I have taught various subjects related to accounting and finance.

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Financial Accounting

ISBN: 978-0135012840

7th edition

Authors: Walter T. Harrison, Charles T. Horngren

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Question Posted: Aug 04, 2016 10:16 AM

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