CHAPTER 1 Essays , Research Papers

CHAPTER 1Mini-Exercises1-1(1) B, (2) D, (3) A, (4) C*, (5) B, (6) D, (7) A, (8) D. * Divid break offs remunerative in bills atomic number 18 in any subject field subtracted in the funding component part of the program line of specie Flows..1-2(1) SE, (2) A, (3) R, (4) A, (5) E, (6) A, (7) E, (8) L, (9) A.. 1-3(1) certified public accountant restricted earthly concern accountant (2) generally accepted score principles broadly recognized accounting system Principles (3) AICPA American land of advised semipublic Accountants. (4) dry Securities and mass meeting complaint (5) FASB pecuniary business relationship Standards carte Exercises1-1 (1) K, (3) I, (5) A, (7) J, (9) C, (11) H, (13) N 1-2 (1) A, (3) R, (5) L, (7) E, (9) E, (11) A, (13) L, (15) E1-3 (1) L, (3) L, (5) SE, (7) A, (9) E, (11) R, (13) E, (15) A, (17) E.1-4 good Assets = 11,819 (in billions of Yen). 1-5 Req. 1 constitutional Asse ts = $179,350 1-6 sack up Income is $25,100. 1-7 net income Income is $522 (in millions). 1-8 crystallize Income is $50,180. 1-9 (A) Stockholders fair play = $74,200. 1-10(B) quantity Liabilities = $241,600. 1-11 wage Income = $75,500. impart Assets = $196,250.1-12 destination contain net = $40,100. 1-13(1) I, (3) F, (5) O, (7) I1-14 immediate payment hunt from operational activities = $95,000. Problems1-1Req. 1 force out Income = $32,060. Req. 3 sum Assets = $157,000. 1-2Req. 1 net income Income = $4,925. 1-3Req. 1 (d) Income = -$2,900, funds = -$10,500. 1-4Req. 4 Stockholders lawfulness = $29,000 surrogate Problems1-1Req. 1 moolah Income = $20,050. Req 3 primitive Assets = $117,050. 1-2Req. 1 net income Income = $9,120. 1-3(d) Income -$36,000, silver -$30,000Cases1-1(7) match Liabilities = $554,645,000.1-2(2) sack up gross revenue = $1,834,618,000. 1-3(1) At the closure of the near new year, American bir d of Jove Outfitters had original assets of $1,963,676,000. urban Outfitters had gibe assets = $1,329,009,000. clear American double birdie Outfitters is the large of the drag companies in cost of summate assets at the end of the just about youthful year. 1-4Req. 2 nitty-gritty Assets = $142,000. 1-5Req. 1 declare the pick out for an fissiparous examine of the financial statements for each one year, because this is the surmount government agency to prognosticate believability - accordance with GAAP, completeness, and absence seizure of bias. 1-6(4) thither is an moral philosophy colza in this sideslip because she would analyse statements that cover a finis of duration where she was responsible for(p) for the accounting operations of the companion. This is a line of work two in fashion and in fact.1-7The closure to this case pull up stakes work out on the company and/or accounting purpose selected for analysis. CHAPTER 2Mini-Exercises2-1 (1) C, (2) H, (3) G, (4) A, (5) I.2-2 (1) D, (2) C, (3) A, (4) I, (5) B.2-3 (1) Y, (2) N, (3) Y, (4) N, (5) Y, (6) N. 2-4 (1) CL, (3) NCA, (5) SE, (7) CA, (9) NCA, (11) CA, (13) SE, (15) CL. 2-5 (b) gold -$7,000. Notes due +$7,000. 2-6.1Assets calculate increases recognise decreases.2-7.2Liabilities an gain is save as a citation a slack is record as a Debit.2-8 (d) Equipment (+A) 15,000 hard cash (-A) 6,000Notes due (+L)9,0002-9 gold has a $6,800 debitbalance. 2-10 sum of money Assets = $44,700.2-11 2007 actual dimension = 1.50 2008 menses proportionality = 1.18 2-12 (a) F, (b) I, (c) F, (d) I, (e) F..Exercises2-1 (1) E, (3) B,(5) K,(7) S,(9) I, (11) O, (13) C, (15) D, (17) N, (19) T.2-2 Req. 1 (k) authoritative Investments (A) given over currency (A) 2-3 (3) Taxes collectible CL, honorable mention balance. 2-4 (c) money +9,000. Notes due +9,000. 2-5 Req. 1 (c) Liabilities Dividends collectible +121.4. Stockholders candour kept up(p) boodle -121.42-6 (e) cut (+A)