Business, 19.03.2020 18:44 sistersaray
Cascade Company was started on January 1, 2018, when it acquired $159,000 cash from the owners. During 2018, the company earned cash revenues of $86,800 and incurred cash expenses of $69,900. The company also paid cash distributions of $10,500. Required Prepare a 2018 income statement, capital statement (statement of changes in equity), balance sheet, and statement of cash flows under each of the following assumptions. (Consider each assumption separately.)
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Cascade Company was started on January 1, 2018, when it acquired $159,000 cash from the owners. Duri...
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