Accounting 2 – 5/19/08

Objective:

Prepare a distribution of net income statement and an owner’s equity statement for a merchandising business organized as a partner ship.

I. Bellwork

A. How is the Owner’s Equity determined on the Owner’s Equity Statement? (What is added and subtracted? )

II. Classwork

A. Page 423 Application Problem 16-3 Wb pages 383-384

B. Use Excel to duplicate your work on Application Problem 16-3

III. Review – 16-3 PPT

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