Question

The adjusted trial balance for Destination Realty, Inc. at October 31, 2013, follows:
Requirements
1. Prepare Destination Realty’s income statement, statement of retained earnings, and year-end balance sheet. List expenses in decreasing order on the income statement.
2. a. Which financial statement reports Destination Realty’s results of operations?
Were operations successful during 2013? Cite specifics from the financial statements to support your evaluation,
b. Which statement reports the company’s financial position?


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  • CreatedJuly 08, 2015
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