Revised Balance Sheet and Income Statement

This paper concentrates on the primary theme of Revised Balance Sheet and Income Statement in which you have to explain and evaluate its intricate aspects in detail. In addition to this, this paper has been reviewed and purchased by most of the students hence; it has been rated 4.8 points on the scale of 5 points. Besides, the price of this paper starts from £ 79. For more details and full access to the paper, please refer to the site.

Revised Balance Sheet and Income Statement

1. Assume you are working for MS. Countess, CPA. Using your own template, enter the changes, if any, to the balance sheetaccounts that each of the above items require. Remember to maintain the integrity of the balance sheet by maintaining the balance sheet equation on every row. (perform an equality check). Item # 1 has already been entered for you.

2.Prepare a revised balanced sheet as of December 31, 2000. Be sure to include subtotals for current assets, fixed assets, current liabilities, and long-term liabilities (if needed)

3. Prepare a revised income statement for the year ending December 31, 2000.

4. Assume the role of the loan officer in this case. Apply to Upside-Down Ski School the Metropolis Commercial Bank`s policy for qualifying loan applicants. What decision should jacqueline Cash make? Write a memo to Mr. Glib information him of your decision. Be sure to reference specific balance sheet and income statement information in support of your decision.

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