The following information is available for Skate and Boards Rental Company.
Using the above information prepare an income statement, statement of retained earnings and statement of cash flows for the Skate and Boards Rental for 2014. Also, prepare its balance sheet as of December 31, 2014. Assume that the 12/31/13 cash balance is $70,000.
Definitions:
Application Form
A document that individuals fill out when applying for a job, program, or service, providing personal and professional information.
Embellish Information
The act of adding false or exaggerated details to information to make it appear more impressive or significant.
Minimum Specifications
The least or lowest level of requirements, standards, or qualifications considered acceptable for a task, job, product, or service.
Foreign Qualifications
Education, skills, or certifications obtained from institutions outside the domestically recognized system, often evaluated for equivalency or acceptance.
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