Ambers Flower Company was started in 2013 when it acquired $80,000 cash from the issue of common

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Amber€™s Flower Company was started in 2013 when it acquired $80,000 cash from the issue of common stock. The following data summarize the company€™s first three years€™ operating activities. Assume that all transactions were cash transactions.

Amber€™s Flower Company was started in 2013 when it acquired

Required
Prepare an income statement (use multistep format) and balance sheet for each fiscalyear.

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...
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Related Book For  book-img-for-question

Fundamental financial accounting concepts

ISBN: 978-0078025365

8th edition

Authors: Thomas P. Edmonds, Frances M. Mcnair, Philip R. Olds, Edward

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