Problem 4-4 (part a only) Exercise 5-12 The presentation of each exercise and problem should have appropriate arithmetic formulas wherever possible. Verification of all formulas will be achieved through the use of Excel audit arrows discussed in class. (

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Problem 4-4 (part a only)
Exercise 5-12

 

The presentation of each exercise and problem should have appropriate arithmetic formulas wherever possible. Verification of all formulas will be achieved through the use of Excel audit arrows discussed in class. (Reminder: Using Excel, go to Formulas…Formula Auditing…Trace Precedents.). Credit for an exercise and/or problem will be given only if the audit arrows are appended.

 

Where an earnings per share calculation is required, please clearly show how you derived your answer. In Problem 4-4, please tie net income into the Statement of Retained Earnings using audit arrows. In Exercise 5-12, directly compute retained earnings in a supporting schedule using the data of the problem and tie the supporting schedule into the balance sheet using audit arrows.

 

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