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1.what are rhe total assets at the end of year 2ifitis cloudy (bad)in year 1...

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Accounting

$1 .$ what are rhe total assets $a t$ the end $o f$ year $2 i f i t i s$ cloudy $(b a d) i n$ year $1$

and sunny $(g o o d) i n$ year $2 ?$

$2 .$ what js the amortization of the asset in year $1$ if it is cloudy $($ bad $) ?$

what is net income $($ loss $)$ in year $1$ if it is cloudy $($ bad $) ?$

$3 .$ what are total assets at the end of year $1$ if it is cloudy $($ bad $) ?$

$4 .$ what is th net income in year $2$ if it s sunny $($ good $)$ and cloudy $($ bad $)$ in year $1 ?$

$5 .$ what is the immortalization of asset in year two if it is sunny $($ good $) ?$

$6 .$ Wwhat is shareholders equity at the end of year two if it is cloudy in year one and sunny in year two $?$

$7 .$ Mmanagement of clouds Inc. has made no estimates in their accounting policies. It is this true or false. $?$

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