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Team Instructions: Divide the class into teams of three or four people.Each team member should work the following problem separately outside of class.Then give the students time in class to compare answers with their teammates and put together a final correct copy of the problem.Each team should turn in only one copy of the problem for grading,along with a copy of the annual report that it used.All team members will receive the same grade.
Provide students with copies of real merchandising companies' annual reports,or give students the Web addresses of real merchandising companies and ask them to print out and submit the annual reports.All team members should work with the same company's annual report.
Answer the following questions using the annual report assigned to your team:
Correct Answer:

Verified
Correct Answer:
Verified
Q2: The following information is from X,Inc.'s December
Q3: Team Shirts,Inc.sold a piece of equipment for
Q4: Repayment of a loan is a(n)_ activity
Q5: Team Shirts,Inc.borrowed $10,000 from First Bank of
Q6: Team Shirts,Inc.recognized $48,000 in salaries and wages
Q8: Team Shirts,Inc.recognized $13,880 in salaries and wages
Q9: The following information is available for two
Q10: The direct method of preparing the operating
Q11: Use the following information from The Mane
Q12: Match each of the following line items