The following items and amounts were taken from Linus Inc.'s 2012 income statement and balance sheet. Instructions(a)
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The following items and amounts were taken from Linus Inc.'s 2012 income statement and balance sheet.
Instructions(a) In each, case, identify on the blank line whether the item is an asset (A), liability (L), stockholder's equity (SE), revenue (R), or expense (E) item.(b) Prepare an income statement for Linus Inc. for the year ended December 31,2012.
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a A Cash SE Retained earnings E Cost of goods sold ...View the full answer
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Related Book For 
Financial Accounting Tools for business decision making
ISBN: 978-0470534779
6th Edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
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