Refer to E3-12. Data From in E3-12 At January 1 (beginning of its fiscal year), Freeman Inc.,

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Refer to E3-12.


Data From in E3-12

At January 1 (beginning of its fiscal year), Freeman Inc., a financial services consulting firm, reported the  following account balances (in thousands, except for par and market value per share):


Required:
Use the ending balances in the T-accounts in E3-12 to prepare in good form an unadjusted classified income statement for the current year ended December 31. (Ignore income taxes.)

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Financial Accounting

ISBN: 9781264229734

11th Edition

Authors: Robert Libby, Patricia Libby, Frank Hodge

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