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Use the tables for the question(s) below.
Pro Forma Income Statement for Ideko, 2010-2015
Pro Forma Balance Sheet for Ideko, 2010-2015
-The amount of net working capital for Ideko in 2010 is closest to ________.
Accounting Cycle
The accounting process that begins with analyzing and journalizing transactions and ends with the post-closing trial balance.
Financial Statements
Formal records that convey the business activities and financial performance of a company, including balance sheet, income statement, and cash flow statement.
Closing Entries
These are journal entries made at the end of an accounting period to transfer temporary account balances to permanent accounts.
Income Statement
A financial statement that reports a company's revenues, expenses, and profits over a specific period, showing how net income is derived from business operations.
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