a.Re-create the income statement and balance sheet using formulas wherever possible. Each statement should be on a
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a.Re-create the income statement and balance sheet using formulas wherever possible. Each statement should be on a separate worksheet. Note, the tax rate is 40% and there is no payout ratio
b.On another worksheet, create a statement of cash flows for 2018. Do not enter any numbers directly on this worksheet. All formulas should be linked directly to the source on previous worksheets.
c.Using Excel’s outlining feature, create an outline on the statement of cash flows that, when collapsed, shows only the subtotals for each section.
Income statement
Related Book For
Financial Accounting
ISBN: 978-0077862268
2nd edition
Authors: J. David Spiceland, Wayne Thomas, Don Herrmann
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