Refer to the information below for Phung Inc. a. Calculate the net income or loss for 2014.
Question:
a. Calculate the net income or loss for 2014.
b. What caused common shares to change during 2014? Show your calculations.
c. What caused the change in notes payable during 2014?
d. Do share dividends affect the statement of cash flows? Explain youranswer.
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a Calculated using a Taccount Retained Earnings Net loss 40 115 Dec 31 ...View the full answer
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Related Book For 
Fundamental Accounting Principles Volume II
ISBN: 978-1259066511
14th Canadian Edition
Authors: Larson Kermit, Jensen Tilly
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