Presented below is information related to Ivan Calderon Corp. for the year ended December 31,...
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Accounting
Presented below is information related to Ivan Calderon Corp. for the year ended December 31, 2020.
| Tim Mattke Company began operations in 2018 and adopted weighted-average method for inventory. In 2020, in accordance with other companies in its industry, Tim Mattke changed its inventory policy to FIFO. Financial statement data is as follows.
Instructions: Prepare a statement of retained earnings for the current year. | ||||||||||||||||||||||||||||||||||
Prepare a multiple-step income statement. Round earnings per share to 2 decimal places.
Prepare a statement of retained earnings.
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