Accounting

question one:Who are the external and internal users of the accounting information? What is accounting?question two:How might the statement of cash flows look for a new startup company?

Separate company financial statements for Pen Corporation and its subsidiary, Syn Company, at and…

Separate company financial statements for Pen Corporation and its subsidiary, Syn Company, at and for the year ended December 31, 2012, are summarized as follows (in thousands): Pen SynCombined Income and Retained Earnings Statementsfor the Year Ended December 31SalesIncome from SynCost of salesExpensesNet incomeAdd: Retained earnings January 1Deduct: DividendsRetained earnings December 31 $40018(250)(100.6)67.4177(50)$194.4 $100—(50)(26)2434(16)$ 42Balance … Continue reading "Separate company financial statements for Pen Corporation and its subsidiary, Syn Company, at and…"