External users want answers to all of the following questions except

11. Benedict Company compiled the following financial information as of December 31, 2012:

Benedict's assets on December 31, 2012 are:

12. Pinson Company began the year with retained earnings of $210,000. During the year, the company recorded revenues of $300,000, expenses of $228,000, and paid dividends of $24,000. What was Pinson's retained earnings at the end of the year?

13. If total liabilities increased by $14,000 during a period of time and stockholders' equity decreased by $6,000 during the same period, then the amount and direction (increase or decrease) of the period's change in total assets is a(n)

14. Lankston Company began the year by issuing $60,000 of common stock for cash. The company recorded revenues of $550,000, expenses of $480,000, and paid dividends of $30,000. What was Lankston’s net income for the year?

15. Benedict Company compiled the following financial information as of December 31, 2012:

Benedict's retained earnings on December 31, 2012 are:

All of the following are interrelationships that are important to understand when preparing financial statements except:

A local retail shop has been operating as a sole proprietorship. The business is growing and now the owner wants to incorporate. Which of the following is not a reason for this owner to incorporate?