Chapter 1: Introduction to Financial Statements
Exercise: CSU Corporation
CSU Corporation began operations on January 1, 2010. The following
information is available for CSU Corporation on December 31, 2010:
Service revenue
Common stock
Accounts receivable
Accounts payable
Retained earnings
Building rental expense
Equipment
Notes payable
Insurance expense
Supplies
Supplies expense
Cash
Dividends
$ 17,000
$ 10,000
$ 1,800
$2000
?
$ 9,000
$ 16,000
$ 5,000
$ 1,000
$ 4,000
$ 200
$ 1,400
$ 600
(a) Report the revenues and expenses for a period of time in an income
statement.
(b) Show the amounts and causes (net income and dividends) of changes
in retained earnings during the period in the retained earnings statement.
(c) Present the assets and claims to those assts at a specific point in time
in the balance sheet.
Fachbereich Elektrische
Energietechnik
Prof. Dr. Valerie Wulfhorst
Betriebswirtschaftslehre,
insb. Controlling
Telefon
02921 378-451
Telefax
02921 378-409
E-Mail
v.wulfhorst@fh-swf.de
Standort Soest
Lübecker Ring 2
59494 Soest
Fachhochschule
Südwestfalen
Sitz: Iserlohn
Hagen
Iserlohn
Meschede
Soest
www.fh-swf.de
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