August 2020

CA24-2 Disclosures Required in Various Situations

CA24-2 Disclosures Required in Various Situations [ad_1] Case 24-2 (CA24-2) (Disclosures Required in Various Situations) Rem Inc. produces electronic components for sale to manufacturers of radios, television sets, and digital sound systems. In connection with her examination of Rem’s financial statements for the year ended December 31, 2007, Maggie Zeen, CPA, completed field work 2 […]

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Missing information for determining net income.

Missing information for determining net income. [ad_1] The December 31, 2012, balance sheet for Classic Company showed total stockholders’ equity of $82,500. Total stockholders’ equity increased by $53,400 between December 31, 2012, and December 31, 2013. During 2013 Classic Company acquired $13,000 cash from the issue of common stock. Classic Company paid an $8,000 cash

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