Question: i need help with this accounting problem. here are a few keys knowns to remember going into it: 1 ) We sold marketable securities at
i need help with this accounting problem. here are a few keys knowns to remember going into it:
We sold marketable securities at no gain or loss that had a cost of $
Proceeds from the sale of equipment, with a Cost of $
The Longterm investments that were sold had NO cost basis, ie BV was zero
Gain on sale of Discontinued Operations was totally from Operations, NO assets were sold
Attached is a screenshot of the beginning and ending trail balances for being referred to the accounts are in alphabetical order, NOT classification or Chart of Accounts order. So I have to figure out where the items go in the requirements below:
Between the trial balances and the additional information I am required to do the following:
The formal MultiStep income statement for
The formal statement of Retained earnings for
The formal Classified Balance Sheet for
The formal Statement of Cash Flows for
i don't particularly understand this part below
If ie these don't effect any work abovethe company had the following Comprehensive income items prepare the Schedule of Comprehensive income based upon the income arrived at in above
a Foreign currency translation Loss of $ net of tax
b Cost of Defined Benefits plans is $ net of tax
i also have to show all my work and calculations in order to get full credit. thanks!
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