Pelican Inc., a multinational oil corporation headquartered in Denmark, conducts its operations in various nations by establishi
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Answer: hello your question is incomplete attached below is the missing data. ( first image )
answer:
Attached below
Explanation:
A) company's schedule of cost of goods manufactured for year ended
attached below is the required schedule ( second Image )
B) Company's income statement
attached below is the company's income statement ( Image 3 and 4 )
Answer:
- Accounting Equation = The basic tool of accounting, stated as Assets = Liabilities + Equity
- Asset = An economic resource that is expected to be of benefit in the future
- Balance sheet = Reports on an entity's assets, liabilities, and stockholders' equity as of a specific date
- Expense = Decreases in equity that occur in the course of selling goods or services
- Income statement = Reports on an entity's revenues, expenses, and net income or loss for the period
- Liability = Debts that are owed to creditors
- Net income = Excess of total revenues over total expenses
- Net loss = Excess of total expenses over total revenues
- Revenue = Increases in equity that occur in the course of selling goods or services
- Stmt. of cash flows = Reports on a business's cash receipts and cash payments during a period
- Stmt. of ret. earnings = Reports how the company's retained earnings 'balance changed from the beginning to the end of the period
Explanation:
- Accounting Equation = The basic tool of accounting, stated as Assets = Liabilities + Equity
- Asset = An economic resource that is expected to be of benefit in the future
- Balance sheet = Reports on an entity's assets, liabilities, and stockholders' equity as of a specific date
- Expense = Decreases in equity that occur in the course of selling goods or services
- Income statement = Reports on an entity's revenues, expenses, and net income or loss for the period
- Liability = Debts that are owed to creditors
- Net income = Excess of total revenues over total expenses
- Net loss = Excess of total expenses over total revenues
- Revenue = Increases in equity that occur in the course of selling goods or services
- Stmt. of cash flows = Reports on a business's cash receipts and cash payments during a period
- Stmt. of ret. earnings = Reports how the company's retained earnings 'balance changed from the beginning to the end of the period
