Question

The accounts of Real Deal, Inc., follow. The company completed its 10th year of operations on December 31, 2011.


REQUIRED
1. Prepare the income statement, statement of retained earnings, and balance sheet for Real Deal.
2. The owners of Real Deal are considering expansion. What other statement would be useful to the owners in assessing whether the company’s operations are generating sufficient funds to support the expenses? Why would it beuseful?


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  • CreatedSeptember 10, 2014
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