You are here

P 1–5

17 August, 2015 - 10:42

The following “financial statement” was prepared from the records of Laberge Sheathing Inc. for the eight-month period ended August 31, 2015.

media/image29.JPG

Required:

  1. When is the corporation’s likely fiscal year-end?
  2. Prepare an income statement and statement of changes in equity for the eight-month period ended August 31, 2015.
  3. Prepare a balance sheet at August 31.