Maurice Tutor

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Teaching Since: May 2017
Last Sign in: 398 Weeks Ago, 5 Days Ago
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Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 06 May 2018 My Price 6.00

Otay Lakes Park

Otay Lakes Park is a private camping ground near the Mount Miguel Recreation Area. It has compiled the following financial information as of December 31, 2017.


Instructions

(a) Determine Otay Lakes Park’s net income for 2017.

(b) Prepare a retained earnings statement and a balance sheet for Otay Lakes Park as of December 31, 2017.

(c) Upon seeing this income statement, Walt Jones, the campground manager, immediately concluded, “The general store is more trouble than it is worth—let’s get rid of it.” The marketing director isn’t so sure this is a good idea. What do you think?

Answers

(5)
Status NEW Posted 06 May 2018 07:05 PM My Price 6.00

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