Solution and computation
Image transcription text
PROBLEM 5-12 Comprehensive Calcium prepares statements on the cash basis. The balance sheet on
December 31, 2021 and income statement for the year 2021 are as follows: Statement of Financial Position:
1,500,000 Cash Furniture and equipment 2,500,000 4,000,000 Total Note payable 1,000,000 C… Show more
December 31, 2021 and income statement for the year 2021 are as follows: Statement of Financial Position:
1,500,000 Cash Furniture and equipment 2,500,000 4,000,000 Total Note payable 1,000,000 C… Show more
