Course Solutions Uncategorized (Answered) : Question 2 State 20 Items Goes Preparation Income Statement Balance Sheet 10 Marks B Diff Q28023573

(Answered) : Question 2 State 20 Items Goes Preparation Income Statement Balance Sheet 10 Marks B Diff Q28023573

QUESTION 2

A. State 20 items that goes into the preparation of incomestatement and balance sheet (10 marks)

B. Differentiate between fixed and valuable cost, support youranswer with examples.

C. Distinguish between the following and support your answerwith examples:

i. Current and long-term assets (5 marks)

ii. Current and long-term liabilities (5 marks)

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