E1-22a learning objective 5 construct an income statement, Ask an Expert

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E1-22A (Learning Objective 5: Construct an income statement and a statement of retained earnings) This exercise should be used with Exercise 1-21A. Refer to the data of Mary Burke Banking Company in Exercise 1-21A.

Requirements
1. Prepare the income statement of Mary Burke Banking Company for the year ended August 31, 2012.
2. What amount of dividends did Mary Burke declare during the year ended August 31, 2012? Hint: Prepare a statement of retained earnings.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91881501

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