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  • These Items Are Taken From Financial Statements of Beaulieu Limited PDF

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    Bube Kachevska
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    This document provides financial information for Beaulieu Limited for the year ended December 31, 2012, including that the company started the year with $15,000 in common shares and issued another $5,000 during the year. It also notes that $10,000 of the mortgage payable must be repaid within the next year. The document instructs the recipient to prepare an income statement, statement of changes in equity, and statement of financial position for the year using this information, and to explain how the financial statements are related.

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    This document provides financial information for Beaulieu Limited for the year ended December 31, 2012, including that the company started the year with $15,000 in common shares and issued another $5,000 during the year. It also notes that $10,000 of the mortgage payable must be repaid within the next year. The document instructs the recipient to prepare an income statement, statement of changes in equity, and statement of financial position for the year using this information, and to explain how the financial statements are related.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    58 views2 pages

    These Items Are Taken From Financial Statements of Beaulieu Limited PDF

    Uploaded by

    Bube Kachevska
    This document provides financial information for Beaulieu Limited for the year ended December 31, 2012, including that the company started the year with $15,000 in common shares and issued another $5,000 during the year. It also notes that $10,000 of the mortgage payable must be repaid within the next year. The document instructs the recipient to prepare an income statement, statement of changes in equity, and statement of financial position for the year using this information, and to explain how the financial statements are related.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 2

    These items are taken from financial statements of

    Beaulieu Limited #8472


    These items are taken from financial statements of Beaulieu Limited

    These items are taken from financial statements of Beaulieu Limited for the year ended
    December 31, 2012:

    Additional information:

    1. Beaulieu started the year with $15,000 of common shares and issued $5,000 more during the
    year.

    2. $10,000 of the mortgage payable is due to be repaid within the next year.

    Instructions

    (a) Prepare an income statement, statement of changes in equity, and statement of financial
    position for the year.

    (b) Explain how each financial statement is related to the others.

    These items are taken from financial statements of Beaulieu Limited

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