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Seikoson the 2017 Income Statement of Seikoson Shows Operating Revenues of of $130,800

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Seikoson
The 2017 income statement of Seikoson shows operating revenues of $130,800, selling expenses of $37,100, general and administrative expenses of $34,900, interest expense of $900, and income tax expense of $11,430. Seikoson’s stockholders’ equity was $280,000 at the beginning of the year and $320,000 at the end of the year. The company has 20,000 shares of stock outstanding at December 31, 2017.

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Definitions:

Peg-Word System

A mnemonic technique for memorizing lists by associating items with a pre-memorized list of words or numbers.

Visually Associating

The process of forming connections or associations between visual images to facilitate remembering or understanding.

Mental Images

are representations in a person's mind of the physical world outside of that person, which can include visual, auditory, or other sensory experiences.

Imagery

Mental pictures; a powerful aid to effortful processing, especially when combined with encoding.

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