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Income Statement

Financial Accounting: Water Fun Store; prepare income statement and cash flows

The Water Fun Store is a retailer of water sports products for backyard swimming pools. During August, the firm had the following operating activities: Date Event Aug. 1 Bought $5000 of goods for resale from Pinetree Wholesalers on credit 5 Paid $450 to the local newspaper for advertising that ran during July. 6 Paid $

Income statement for fish farming business for 2002

In May of 2000 you graduated from Florida State and moved back home to Geneva. After a summer of fruitless interviewing you decided to start your own business. You have a degree in marine biology. Thus, in the fall of 2000 you became a fish farmer. You were aware of the demand for Salmon to supermarkets and restaurants. You were

Warranty expenses on balance sheets and income statements

Please help with the following problem involving financial accounting and bookkeeping. Company A provides warranties for many of its products. The January 1, 2002 balance of an estimated warranty liability account was 26,700. Based on an analysis of warranty claims during the past several years, this year's warranty provisio