Financial Accounting

1. For each of the following, identify whether it would be disclosed as an opera

1. For each of the following, identify whether it would be disclosed as an operating, financing , or investing activity on the statement of cash flows under the indirect method. f…

1. For each of the independent? cases, compute the amounts? (in thousands) for t

1. For each of the independent? cases, compute the amounts? (in thousands) for the items indicated by letters. Before completing each? case, define the following financial equatio…

1. For each of these transactions, note the accounting entry that would be made

1. For each of these transactions, note the accounting entry that would be made (Debit and Credit) and at what amount. a. The organization look out a long-term loan for $2,000,000…

1. For each question (there might be more than one), I might provide you with a

1. For each question (there might be more than one), I might provide you with a story. You have to figure out from the story whether the seller should recognize revenue (i.e., whe…

1. For each source information shown below, prepare the appropriate journal entr

1. For each source information shown below, prepare the appropriate journal entry. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the firs…

1. For problem 6.6, what is the allocation rate for the Financial Services cost

1. For problem 6.6, what is the allocation rate for the Financial Services cost pool allocated based on patient services revenue? 2. For problem 6.6, what is the allocation rate f…

1. For the next six months, Rushford Designs projects the following information

1. For the next six months, Rushford Designs projects the following information (in units). July Aug. Sept. Oct. Nov. Dec. Retail demand 300 300 450 450 600 600 Dealer demand 600 …

1. For the year ending December 31, 2014, Soto Inc. reports net income $142,790

1. For the year ending December 31, 2014, Soto Inc. reports net income $142,790 and dividends $80,290. Prepare the retained earnings statement for the year assuming the balance in…

1. For this year, Pine Corporation had losses of $20,000 from operations. It rec

1. For this year, Pine Corporation had losses of $20,000 from operations. It received $180,000 in dividends from a 25%-owned domestic corporation. Pine’s taxable income is $160,00…

1. Forbes Company uses a predetermined overhead rate based on direct labor-hours

1. Forbes Company uses a predetermined overhead rate based on   direct labor-hours to apply manufacturing overhead to jobs. At the beginning   of the period, the company estimated…

1. Fortune Corporation\'s comparative balance sheet for current assets and liabi

1. Fortune Corporation's comparative balance sheet for current assets and liabilities was as follows: Adjust Year 2 net income of $41,161 for changes in operating assets and liabi…

1. Fortune Corporation’s comparative balance sheet for current assets and liabil

1. Fortune Corporation’s comparative balance sheet for current assets and liabilities was as follows: Dec. 31, 2009 Dec. 31, 2008 Accounts receivable 7,500 5,200 Inventory 11,500 …

1. Foster Corporation had a 2 for 1 stock split of its common stock which had a

1. Foster Corporation had a 2 for 1 stock split of its common stock which had a par value of $10 before the split. At what amount should retained earnings be reduced for the addit…

1. Foyle, Inc, had 700,000 shares of common EDTA, On July 1, 2015, an additional

1. Foyle, Inc, had 700,000 shares of common EDTA, On July 1, 2015, an additional 40,000 shares of common stock were issued for cash e 20,000 shares of common stock at Foyle also h…

1. Franklin, Inc. has two divisions, Seward and Charles. Following is the income

1. Franklin, Inc. has two divisions, Seward and Charles. Following is the income statement for the previous year: Of the total fixed costs, $302,700 are common fixed costs that ar…

1. Fred and Wilma own a home in Bedrock County, which they sold to Barney and Be

1. Fred and Wilma own a home in Bedrock County, which they sold to Barney and Betty on June 30, 2017. On February 1, 2017, Bedrock County levied a property tax of $5,000 on the ho…

1. Frigid Company is in the snow removal business . Ignoring taxes, which one of

1. Frigid Company is in the snow removal business . Ignoring taxes, which one of the items [A - D] below is incorrect (false) with respect to the effect the following transaction …

1. Fritz has an open fire insurance policy on his home for a maximum liability o

1. Fritz has an open fire insurance policy on his home for a maximum liability of $60,000. The policy has a number of standard clauses, including the right of the insurer to resto…

1. From an Internal Control (/C) standpoint, the Asset mosn susceptitie to thefe

1. From an Internal Control (/C) standpoint, the Asset mosn susceptitie to thefe. embet lement, or improper me is A) Prepaid insurance. C) Buildings D) Land 2. Having different in…

1. From an Internal Control (/C) standpoint, the Asset most susceptible to thef,

1. From an Internal Control (/C) standpoint, the Asset most susceptible to thef, embezzlement, or improper use is A) Prepaid insurance. B) Cash. C) Buildings. D) Land. 2 Having di…

1. From the following amounts compute the stockholder’s equity section of the ba

1. From the following amounts compute the stockholder’s equity section of the balance sheet APIC                                                                                   …

1. From the following data for the year ended December 31 for Roland Soy Co,prep

1. From the following data for the year ended December 31 for Roland Soy Co,prepare (a) Income Statement (b) Statement af Owners Equity and (c) Balance Sheet Account Cash Accounts…

1. From the following list of selected accounts taken from the recordsof Downing

1.            From the following list of selected accounts taken from the recordsof Downing Clinic, identify those that would appear on the balancesheet. a.         CommonStock   …

1. From the statement of cash flows, name the journal(s) or journal summaries in

1. From the statement of cash flows, name the journal(s) or journal summaries in which you would expect to find the following transactions recorded a. Receipts from customers Paym…

1. From the statement, is the organization making a profit or loss? How much is

1. From the statement, is the organization making a profit or loss? How much is that profit or loss? Show the calculations. 2. What is the contribution margin? Show the calculatio…

1. From what you see on the graph, which of the following assumptions is consist

1. From what you see on the graph, which of the following assumptions is consistent with the graph? a. The cost of equity will always remain higher than the cost of debt b. Excess…

1. Fun Boats Company produces pontoons for boats. Prepare the journal entries to

1. Fun Boats Company produces pontoons for boats. Prepare the journal entries to reflect the following transactions. This problem is very similar to 8-19.06. This is for 34 points…

1. Future Value Bill O\'Brien would like to take his wife, Mary, on a trip four

1. Future Value Bill O'Brien would like to take his wife, Mary, on a trip four years from now to Europe to celebrate their 40th anniversary. He has just received a $19000 inherita…

1. Fuzzy Button Clothing Company is analyzing a project that requires an investm

1. Fuzzy Button Clothing Company is analyzing a project that requires an investment of $3,225,000. The project’s expected cash flows are: Year Cash Flow Year 1 $300,000 Year 2 -20…

1. GAAP require that certain actuarial information for pensions be reported as r

1. GAAP require that certain actuarial information for pensions be reported as required supplementary information. Which of the following schedules is not an example of such actua…

1. Gambino Cosmetics acquired 10% of the 210,000 shares of common stock of Nevin

1. Gambino Cosmetics acquired 10% of the 210,000 shares of common stock of Nevins Fashion at a total cost of $11 per share on March 18, 2017, On June 30, Nevins declared and paid …

1. Gamebox, a seller of video-gaming systems, games and online gaming subscripti

1. Gamebox, a seller of video-gaming systems, games and online gaming subscriptions, recently made available a coupon that allows its gaming subscription members to extend their s…

1. Garfield Corp. expects to sell 1,300 units of its pet beds in March and 900 u

1. Garfield Corp. expects to sell 1,300 units of its pet beds in March and 900 units in April. Each unit sells for $110. Garfield’s ending inventory policy is 30 percent of the fo…

1. Garland and Driscoe have decided to form a partnership. They have agreed that

1.            Garland and Driscoe have decided to form a partnership. They have agreed that Garland is to invest $200,000 and that Driscoe is to invest $100,000. Garland is to dev…

1. Gary Corporation manufactures a single product. The selling price is $104 per

1. Gary Corporation manufactures a single product. The selling price is $104 per unit, and variable costs amount to $78 per unit. The fixed costs are $36,000 per month. (4.5 pts) …

1. Gehl Co. 2018 transactions are listed below. Willcox uses the indirect method

1. Gehl Co. 2018 transactions are listed below. Willcox uses the indirect method when calculating cash provided by operating activities. Where on the Statement of Cash Flows would…

1. Geither LLC patented a process it developed in the current year. The patent i

1. Geither LLC patented a process it developed in the current year. The patent is expected to create benefits for Geither over a 10     year period. The patent was issueed on Apri…

1. Geitner Sports inc. manufactures and sells two products, baseball bats and ba

1. Geitner Sports inc. manufactures and sells two products, baseball bats and baseball gloves. The fixed costs are $460,000 and the sales mix is 60% bats and 40% gloves. The units…

1. George (an 80% shareholder) has made loans to Mountainview Corporation that b

1. George (an 80% shareholder) has made loans to Mountainview Corporation that become worthless in the current year. George is not employed by Mountainview. a.George is not permit…

1. Gilde Industries is a division of a major corporation. Last year the division

1. Gilde Industries is a division of a major corporation. Last year the division had total sales of $23,380,000, net operating income of $2,828,980, and average operating assets o…

1. Gilder Corporation makes a product with the following standard costs: The com

1. Gilder Corporation makes a product with the following standard costs: The company reported the following results concerning this product in June: The company applies variable o…

1. Gilder Corporation makes a product with the following standard costs: The com

1. Gilder Corporation makes a product with the following standard costs: The company reported the following results concerning this product in June: The company applies variable o…

1. Giorgio Italian Market bought $4,000 worth of merchandise from Food Suppliers

1. Giorgio Italian Market bought $4,000 worth of merchandise from Food Suppliers and signed a 90-day, 6% promissory note for the $4,000. Food Supplier's journal entry to record th…

1. Give 2 examples of the following elements. Describe what sort of activity wil

1. Give 2 examples of the following elements. Describe what sort of activity will cause thouse items to increase and decrease: Assets:                                             …

1. Give an example of why the statement, “all direct cost are avoidable,” is inc

1. Give an example of why the statement, “all direct cost are avoidable,” is incorrect. 2. What are the important factors in determining the appropriate cost driver to use in allo…

1. Give three ways that a business could increase the Marginal Revenue Product o

1. Give three ways that a business could increase the Marginal Revenue Product of Labor. 2. There is enough demand for cookies at Henion’s that the owner thinks he might be able t…

1. Given for Flexible Products, Inc.: ***(show your work)*** The following Given

1.  Given for Flexible Products, Inc.:  ***(show your work)*** The following Given for Flexible Products, Inc.: ***(show your work)***The following "T" A/C's show December 31, 200…

1. Given for Flexible Products, Inc.: The following “T” A/C’s show December 31,

1. Given for Flexible Products, Inc.: The following “T” A/C’s show December 31, 2001ending balances: Work-in-process $41,000 Finishedproduct $ 148,000 January 31, 2002 balances ar…

1. Given the following cost and activity observations for Smithson Company\'s ut

1. Given the following cost and activity observations for Smithson Company's utilities, use the high- low method to calculate Smithson's fixed costs per month. Do not round your i…

1. Given the following information: Categories Sales Cost of goods sold Variable

1. Given the following information: Categories Sales Cost of goods sold Variable expenses Fixed expenses Inventory Accounts receivable $4,000,000 Other current assets S Fixed asse…