Using the following partial Excel work sheet for Pendulum Service Co., prepare the Income Statement, the Statement of Changes in Equity, and an unclassified Balance Sheet. Assume the owner did not make any investments in the business during the year.
Definitions:
SWOT Analysis
A strategic planning tool that assesses a company's strengths, weaknesses, opportunities, and threats.
Strength
An organization's capabilities or resources that give it an advantage in meeting the needs of its target markets.
Environmental Scanning
The process of systematically collecting information about external factors that could impact an organization's decision-making and strategic planning.
SWOT Analysis
A methodology for strategic planning that helps in recognizing and comprehending the strengths, weaknesses, opportunities, and threats associated with competing in business or planning a project.
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