The Following Information Is Available for the Skate and Boards

question 232

Essay

The following information is available for the Skate and Boards Rental.
$\begin{array}{|l|r|}\hline \text { Assets at December } 31,2011 & \$ 152,000 \\\hline \text { 2011 Cash inflows from operating activities } & 105,000 \\\hline \text { 2011 Cash outflows from financing activities } & (44,000) \\\hline \text { 2011 Cash outflows from investing activities } & (84,000) \\\hline \text { 2011 Expenses } & (43,000) \\\hline \text { Retained earnings at December 31, 2010 } & 50,000 \\\hline \text { Liabilities at December 31, 2011 } & 28,000 \\\hline \text { Common stock at December 31, 2011 } & 12,000 \\\hline \text { 2011 Revenues } & 135,000 \\\hline \text { 2011 Dividends } & (30,000)\\\hline\end{array}$
Using the above information prepare an Income Statement,Statement of Retained Earnings and Statement of Cash Flows for the Skate and Boards Rental for 2011.Also,prepare its Balance Sheet as of December 31,2011.Assume that the 12/31/10 cash balance is $70,000.

Evaluate the effectiveness of the Allied conferences in shaping post-war geopolitics.

Assess the impact of World War II on American industry and economic practices.

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Understand the catalytic role of the Second World War in reshaping international relations and the balance of power globally.

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Definitions:

Accounting Fees

Charges for services provided by accountants or accounting firms related to financial reporting, tax preparation, and audit services.

Legal Fees

Costs associated with legal services provided to a company, including litigation, contracts review, or regulatory compliance advice.

Promotional Fees

Charges or fees associated with marketing activities, including advertising, public relations, and promotional events, aimed at enhancing sales and brand visibility.