Lone pine cafe case study income statement in 2021
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Fashionable the lone true pine cafe case, ski instructor are accounting receivable for $870 for the business enterprise balance sheet every bit on 30thmarch'2006.
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How to solve Lone Pine Cafe case 3-2?
Case 3-2: Lone Pine Café (B) Note: This case is unchanged fro the Tenth Edition. Approach This case introduces students to preparation of an income statement based on analyzing transactions. At this stage, students are not expected to set up accounts in the formal sense.
What was the loss for Lone Pine Cafe?
Income Statement of Lone Pine Cafe for the year ended 30th March 2006 Sales 43480 Less Food and beverages 11969 Wages 5480 Interest 540 Telephone and electricity 3270 Miscellaneous 255 Rent 7500 License 595 Depreciation 2445 Loss by theft 1711 Payment to partners 23150 Loss during the year (bal. Figure) (13435) 8.
What is the income statement of Lone Pine Cafe?
Income Statement of Lone Pine Cafe for the year ended 30th March 2006 Sales 43480 Less Expenses 33765 Profit 9715 (-)Payment to partners 23150 Loss during the year (bal. Figure) (13435) So it tells Mrs Antoine about the income position of the firm. And that the firm is running into losses if we consider the payments to the partners.
Who is the author of Lone Pine Cafe?
Chapter 2 1. Case Study Lone Pine Cafe. Presented by Preety Rateria Nipun Goel Venkat raman T.Kedar Mahesh 2.
Last Update: Oct 2021
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