Jack Grimes Started a Consulting Business, Grimes Consulting, on January

question 150

Essay

Jack Grimes started a consulting business, Grimes Consulting, on January 1, 2013 by issuing $7,000 of common stock. In addition, the following events occurred in 2013.
Provided services on account, $25,500.
Paid cash for $11,500 in operating expenses.
Collected $9,000 of the revenue that was previously recorded on account.
Paid a cash dividend of $4,000 to the stockholders.
Required:
a) Show the effects of the above transactions on the accounting equation. b) Prepare an income statement and statement of cash flows for 2013.

Recognize the developmental milestones in each trimester of pregnancy.

Identify the major muscles found in various regions of the human body.

Understand the surface anatomy of the shoulder.

Distinguish between muscles and bony landmarks on the human body.

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Definitions:

Diversification Strategy

An approach to business growth through increasing the variety of products, services, or markets served.

Different Business Areas

Various functional sectors within a company, such as finance, marketing, operations, or human resources, each responsible for specific tasks.

Diversification

A strategy that involves entering into new markets or industries or creating new products to spread and reduce risks.

New

Recently developed, created, or having started to exist not long ago.