Question

Below are the accounts of Collegiate Painters, Inc. The company has just completed its first year of operations ended September 30, 2011.


REQUIRED
1. Prepare the income statement, statement of retained earnings, and balance sheet for Collegiate Painters.
2. Why would the owners of Collegiate Painters set their business up as a corporation and not apartnership?


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  • CreatedSeptember 10, 2014
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