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PART II
Construct the following Financial Statements for ABC:
(1) Q1 2014 Income Statement
(2) Q1 2014 Statement of Cash Flows (Direct and Indirect
Methods), and
(3) 3/31/2014 Balance Sheet.
You will use all of the information provided in the previous
parts of this exam.
You must submit your financial statements and any supporting
work as a PDF file. I will not work my
way through spread sheet calculations in order to try and follow
what you have done. Statements must
be in standard format. You may provide supporting information
for partial credit in the form of t-accts,
journal entries and explanations.

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