Problem 2-3 Classified Balance Sheet, p. 97 Hint: First determine if an account is an Asset (current or long-term), a Liability (current or long-term), or Stockholders’ Equity, then put a check mark by each item as you use it in preparing the financial statement to be sure you account for everything. Format is important including proper heading so users of the statement know what they are reading. II. Problem 2-6 Single-Step Income Statement, p. 98 Hint: First determine if the account is revenue or expense. Is it operating revenue or other revenue? Is it operating expense or other expense? Then again mark them off as you use them in the financial statement to be sure you don’t miss anything. III. Problem 2-7 Multiple-Step Income Statement and Profit Margin, pp. 98-99 Hint: Same as for Problem 2-6. The book is located at http://www.coursesmart.comwww.coursesmart.com Login ID mailto:maria1605@yahoo.commaria1605@yahoo.com Password: Ourli2le1s The name of the book is
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