Principles of Accounting
12th Edition
ISBN: 9781133626985
Author: Belverd E. Needles, Marian Powers, Susan V. Crosson
Publisher: Cengage Learning
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Textbook Question
Chapter 16, Problem 4EA
Express Rivera Company’s partial comparative income statements as common-size statements, and comment on the changes from 2013 to 2014.
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Required: a. Prepare a schedule of income allocation for 2013.b. Prepare the general journal entry to close the Income Summary account.
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Chapter 16 Solutions
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