Answer to Question #58853 in Accounting for Asif

Question #58853
From the following data of ABC Enterprises, prepare statement of cash flows and balance sheet and income statement through cash basis of accounting and accrual basis of accounting and discuss the result

- Invested $ 700 Equity
- Purchased plain T-Shirts for $ 5 each
- Fixed Screen cost $ 100
- Variable Print cost $ 0.75 per T-Shirt
- Sold 25 T-Shirts at $ 10 each on cash
- Sold 25 T-Shirts at $ 10 each on credit
1
Expert's answer
2016-04-06T10:26:04-0400
The answer to the question is available in the PDF file https://www.assignmentexpert.com/https://www.assignmentexpert.com/homework-answers/economics-answer-58853.pdf

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