These financial statement items (in thousands) are for Chen Company at year-end, July 31, 2014. Instructions
(a) Prepare an income statement and a retained earnings statement for the year.
(b) Prepare a classified statement of financial position at July 31, 2014.

Question

These financial statement items (in thousands) are for Chen Company at year-end, July 31, 2014.  Instructions
(a) Prepare an income statement and a retained earnings statement for the year.
(b) Prepare a classified statement of financial position at July 31, 2014.

Quizplus · Accepted Answer

The Answer of These financial statement items (in thousands) are for Chen Company at year-end, July 31, 2014.  Instructions
(a) Prepare an income statement and a retained earnings statement for the year.
(b) Prepare a classified statement of financial position at July 31, 2014.

These Financial Statement Items (In Thousands) Are for Chen Company