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Use the following abbreviations to answer this question: CA NCA CL NCL SC RE SI SCF SCE Current assets Non-current assets Current liabilities Non-current liabilities Share capital Retained earnings Statement of income item Statement of cash flows item Statement of changes in equity item a. Rent payable b. Amounts owed by customers of the company c. Administrative expense d. Proceeds received from taking out a long-term bank loan e. Office supplies f. Net earnings for the year g. Cash proceeds from the sale of old equipment h. Increase in the cash balance for the year i. Income tax expense j. Cost to the company of inventory sold to customers this year k. Proceeds from issuing common shares during the year

Use the following abbreviations to answer this question: CA NCA CL NCL SC RE SI SCF SCE Current assets Non-current assets Current liabilities Non-current liabilities Share capital Retained earnings Statement of income item Statement of cash flows item Statement of changes in equity item a. Rent payable b. Amounts owed by customers of the company c. Administrative expense d. Proceeds received from taking out a long-term bank loan e. Office supplies f. Net earnings for the year g. Cash proceeds from the sale of old equipment h. Increase in the cash balance for the year i. Income tax expense j. Cost to the company of inventory sold to customers this year k. Proceeds from issuing common shares during the year

Financial Accounting: The Impact on Decision Makers
Financial Accounting: The Impact on Decision Makers
10th Edition
ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
Publisher:Gary A. Porter, Curtis L. Norton
Chapter6: Cash And Internal Control
Section: Chapter Questions
Problem 6.1DC
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Use the following abbreviations to answer this question: CA NCA CL NCL SC RE SI SCF SCE Current assets Non-current assets Current liabilities Non-current liabilities Share capital Retained earnings Statement of income item Statement of cash flows item Statement of changes in equity item
Transcribed Image Text:Use the following abbreviations to answer this question: CA NCA CL NCL SC RE SI SCF SCE Current assets Non-current assets Current liabilities Non-current liabilities Share capital Retained earnings Statement of income item Statement of cash flows item Statement of changes in equity item
a. Rent payable b. Amounts owed by customers of the company c. Administrative expense d. Proceeds received from taking out a long-term bank loan e. Office supplies f. Net earnings for the year g. Cash proceeds from the sale of old equipment h. Increase in the cash balance for the year i. Income tax expense j. Cost to the company of inventory sold to customers this year k. Proceeds from issuing common shares during the year
Transcribed Image Text:a. Rent payable b. Amounts owed by customers of the company c. Administrative expense d. Proceeds received from taking out a long-term bank loan e. Office supplies f. Net earnings for the year g. Cash proceeds from the sale of old equipment h. Increase in the cash balance for the year i. Income tax expense j. Cost to the company of inventory sold to customers this year k. Proceeds from issuing common shares during the year
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