This document provides a summary of an ACCT 504 final exam with multiple choice and problem-solving questions related to accounting concepts. The exam covers topics such as sole proprietorships, dividends, financial statements, ratios, cash flows, journal entries, and internal controls. Students are asked to calculate ratios, prepare financial statements, analyze internal controls, record journal entries, and indicate sections of the statement of cash flows.
This document provides a summary of an ACCT 504 final exam with multiple choice and problem-solving questions related to accounting concepts. The exam covers topics such as sole proprietorships, dividends, financial statements, ratios, cash flows, journal entries, and internal controls. Students are asked to calculate ratios, prepare financial statements, analyze internal controls, record journal entries, and indicate sections of the statement of cash flows.
Acct504 final exam 100% correct answerskjgjkgjg87987
Here are my evaluations of the internal control procedures:
1. Everyone has access to the petty cash fund.
This is a weakness. The principle of segregation of duties is violated when everyone has access to the petty cash fund. A recommendation would be to assign one person as the custodian of the petty cash fund and require receipts for all disbursements.
2. Cash register codes are assigned to each cashier.
This is a strength. The principle of accountability is upheld by assigning unique cash register codes to each cashier, allowing the business to track cash register activity to individual cashiers.
3. The treasurer is the only one allowed to sign checks.
This is a
Acct 504 week 4 midterm exam set 1(uophelp)user816
This document contains a series of multiple choice questions testing accounting concepts related to financial statements, debits and credits, inventory valuation, and the matching and accrual principles. The questions cover topics like the components of the balance sheet and income statement, examples of debits and credits for different accounts, inventory cost flow assumptions, and calculating net income. The document also includes two short answer questions asking to explain debits and credits and prepare an income statement with calculations.
This document contains 30 multiple choice questions that appear to be from a finance exam covering various topics in corporate finance and investments. The questions cover concepts such as the goal of the firm, primary vs secondary markets, agency theory, financial ratios, time value of money, capital budgeting techniques like NPV, IRR and payback period, cost of capital, capital structure, and basics of international finance.
This document provides the answers to a 30 question multiple choice final exam for FIN 370. It covers topics such as corporate goals, primary vs secondary markets, agency theory, financial principles, accounting ratios, time value of money calculations, capital budgeting techniques like NPV, IRR, payback period, cost of capital, capital structure, and international finance concepts.
This document contains 30 multiple choice questions that appear to be from a finance exam. It covers topics like financial management principles, accounting, capital budgeting, cost of capital, capital structure, and international finance. The questions are accompanied by 4 possible answer choices for each. At the end, it directs students to a website where they can find answers to the exam questions.
This document provides a summary of an ACCT 504 final exam with multiple choice and problem-solving questions related to accounting concepts. The exam covers topics such as sole proprietorships, dividends, financial statements, ratios, cash flows, journal entries, and internal controls. Students are asked to calculate ratios, prepare financial statements, analyze internal controls, record journal entries, and indicate sections of the statement of cash flows.
Acct504 final exam 100% correct answerskjgjkgjg87987
Here are my evaluations of the internal control procedures:
1. Everyone has access to the petty cash fund.
This is a weakness. The principle of segregation of duties is violated when everyone has access to the petty cash fund. A recommendation would be to assign one person as the custodian of the petty cash fund and require receipts for all disbursements.
2. Cash register codes are assigned to each cashier.
This is a strength. The principle of accountability is upheld by assigning unique cash register codes to each cashier, allowing the business to track cash register activity to individual cashiers.
3. The treasurer is the only one allowed to sign checks.
This is a
Acct 504 week 4 midterm exam set 1(uophelp)user816
This document contains a series of multiple choice questions testing accounting concepts related to financial statements, debits and credits, inventory valuation, and the matching and accrual principles. The questions cover topics like the components of the balance sheet and income statement, examples of debits and credits for different accounts, inventory cost flow assumptions, and calculating net income. The document also includes two short answer questions asking to explain debits and credits and prepare an income statement with calculations.
This document contains 30 multiple choice questions that appear to be from a finance exam covering various topics in corporate finance and investments. The questions cover concepts such as the goal of the firm, primary vs secondary markets, agency theory, financial ratios, time value of money, capital budgeting techniques like NPV, IRR and payback period, cost of capital, capital structure, and basics of international finance.
This document provides the answers to a 30 question multiple choice final exam for FIN 370. It covers topics such as corporate goals, primary vs secondary markets, agency theory, financial principles, accounting ratios, time value of money calculations, capital budgeting techniques like NPV, IRR, payback period, cost of capital, capital structure, and international finance concepts.
This document contains 30 multiple choice questions that appear to be from a finance exam. It covers topics like financial management principles, accounting, capital budgeting, cost of capital, capital structure, and international finance. The questions are accompanied by 4 possible answer choices for each. At the end, it directs students to a website where they can find answers to the exam questions.
Fin 370 final exam mcq`s correct answers 100%Austing_3
This document provides the questions and multiple choice answers to the FIN/370 Final Exam. There are 30 questions covering topics like corporate goals, primary and secondary markets, shareholders as principals, financial management principles, accounting ratios, time value of money calculations, capital budgeting techniques, cost of capital, capital structure, and international finance. The document encourages leaving positive feedback and wishes the reader good luck on the exam.
This document contains 30 multiple choice questions from a finance exam covering topics such as corporate finance, time value of money, capital budgeting, cost of capital, capital structure, and international finance. The questions test understanding of key concepts like the goal of the firm, primary vs secondary markets, agency theory, financial ratios, time value of money calculations, net present value, internal rate of return, weighted average cost of capital, and foreign exchange rates.
Fin 370 fin/370 final exam 100% correct answersGliven
The document contains 30 multiple choice questions that appear to be from a finance exam. It covers topics such as corporate finance principles, financial statement analysis, time value of money, capital budgeting, cost of capital, capital structure, and international finance. The questions have 4 potential answer choices labeled A, B, C, or D.
For more course tutorials visit
uophelp.com is now newtonhelp.com
www.newtonhelp.com
1. (TCO A) Which one of the following is an advantage of corporations relative to partnerships and sole proprietorships? (Points : 5)
Reduced legal liability for investors
Harder to transfer ownership
Lower taxes
Most common form of organization
This document provides the answers to 30 multiple choice questions from a FIN 370 Final Exam. It covers topics such as corporate goals, primary and secondary markets, agency theory, financial principles, accounting ratios, time value of money, capital budgeting techniques, cost of capital, capital structure, and international finance. The answers are labeled A, B, C, or D for each question.
This document provides the answers to a 30 question final exam for a finance course. It covers topics like corporate goals, primary vs secondary markets, agency theory, financial principles, accounting ratios, time value of money calculations, capital budgeting techniques, cost of capital, capital structure, and international finance.
The document contains 30 multiple choice questions that appear to be from a finance exam. It covers topics such as corporate finance principles, financial statement analysis, time value of money, capital budgeting, cost of capital, capital structure, and international finance. The questions are designed to test students' understanding of key concepts in these areas of finance.
This document provides a sample ACC 400 final exam with 20 multiple choice questions covering various accounting topics such as cost accounting, financial statement analysis, internal controls, receivables, and equity. The exam questions assess understanding of accounting concepts like operating cycles, cash budgets, plant asset exchanges, bad debt expense, and accounting for dividends.
Fin 370 final exam 30 30 correct answers 100%eriks23
This document contains 30 multiple choice questions from a FIN 370 final exam, along with the questions and answer options. The questions cover a range of topics in finance, including financial management principles, accounting, time value of money, capital budgeting, cost of capital, capital structure, and international finance.
(New) fin 370 fin370 final exam entire answers with questions correct 100%twiter343r
The document contains 30 multiple choice questions that appear to be from a final exam for a finance course. The questions cover topics such as the goal of the firm, primary and secondary markets, the agency problem, financial ratios, time value of money, capital budgeting techniques, cost of capital, capital structure, and international finance.
The document introduces several students between the ages of 10-11 years old. Each student describes their name, age, hobbies and interests which include various sports, subjects, languages, colors and activities. They provide additional details about family, pets, schools and favorite things.
The document promotes travel to Egypt by describing several attractions including the unique light show projected on the Giza pyramids and Sphinx, Luxor Temple which was started by Pharaoh Amenophis III and added to by Ramses II, and the Egyptian Museum which displays over 250,000 artifacts from 5000 years of Egyptian history, including artifacts from the tomb of King Tutankhamun.
1) The document discusses how accounting transactions are generated in Oracle Receivables and passed to the general ledger. Key points covered include how AutoAccounting works to determine account segment values, how transactions like invoices and receipts impact accounting, and tips for verifying and reconciling the accounting entries.
2) When invoices, credit memos, receipts and other transactions are created in Receivables, accounting entries are automatically generated using predefined rules in AutoAccounting. These entries pass to the general ledger via the interface.
3) The journal entries reports in Receivables allow verifying the accounting for transactions and ensuring the correct accounts are used before posting to the general ledger. Period close procedures include balancing receivables activity
Microeconomics studies individual units like households and firms and their behavior in markets. Macroeconomics analyzes the whole economy in terms of aggregates like national income and output and looks at relationships between variables like consumption, savings, investment, employment and price levels. Microeconomics examines internal firm issues around production and costs, while macroeconomics considers the overall business environment set by economic, social and political conditions in a country. What is true for individual units may not hold true when looking at the total economy.
In Minnesota, lenders have two options to foreclose on a property in default: judicial foreclosure which involves a court order, or non-judicial foreclosure using a power of sale clause. For non-judicial foreclosure, the lender must provide at least 8 weeks notice before foreclosing on a homestead property. The foreclosure sale is then conducted by the county sheriff, who reads an itemized statement of the amount owed. The property is auctioned to the highest bidder, who receives a certificate of sale, and the borrower has one year to redeem the property by paying the past due amount. Lenders can also pursue borrowers for any remaining deficiency between the loan amount and property sale price
The document discusses options contracts, using the example of a farmer and bread manufacturer. [1] In an options contract, the farmer has the option to either execute a futures contract at a pre-agreed price of Rs. 110 or exit the contract and sell in the open market. [2] The farmer must pay the bread manufacturer a premium for this option. [3] Both parties can benefit - if prices rise to Rs. 120, the farmer exits and sells for more, while the manufacturer receives the Rs. 2 premium, making the effective price Rs. 118.
This document is a court docket summary that includes case details and a chronological list of docket entries for case number 1:11-cv-20120-PAS in the U.S. District Court for the Southern District of Florida. The case involves a pro se plaintiff, Traian Bujduveanu, suing multiple defendants. The docket entries show motions filed, responses, orders, and procedural developments in the case including referring motions to the magistrate judge for a report and recommendation.
Google is bringing significant changes to the business landscape by introducing new services like Google Olé. It is transforming industries as Google utilizes its resources to develop innovations that disrupt existing markets. This document discusses how Google's innovations are impacting different sectors and the company's growing influence through new products and services.
3S Global is a California-based minority-owned IT services company that offers various IT services including projects, staffing, analytics, web services, and consulting. They specialize in Oracle JD Edwards and PeopleSoft implementations, upgrades, and support. They have a team of highly experienced consultants with expertise in multiple industries and functional domains. 3S Global takes a rigorous, structured approach to ERP deployments to ensure successful project planning and delivery.
Fin 370 final exam mcq`s correct answers 100%Austing_3
This document provides the questions and multiple choice answers to the FIN/370 Final Exam. There are 30 questions covering topics like corporate goals, primary and secondary markets, shareholders as principals, financial management principles, accounting ratios, time value of money calculations, capital budgeting techniques, cost of capital, capital structure, and international finance. The document encourages leaving positive feedback and wishes the reader good luck on the exam.
This document contains 30 multiple choice questions from a finance exam covering topics such as corporate finance, time value of money, capital budgeting, cost of capital, capital structure, and international finance. The questions test understanding of key concepts like the goal of the firm, primary vs secondary markets, agency theory, financial ratios, time value of money calculations, net present value, internal rate of return, weighted average cost of capital, and foreign exchange rates.
Fin 370 fin/370 final exam 100% correct answersGliven
The document contains 30 multiple choice questions that appear to be from a finance exam. It covers topics such as corporate finance principles, financial statement analysis, time value of money, capital budgeting, cost of capital, capital structure, and international finance. The questions have 4 potential answer choices labeled A, B, C, or D.
For more course tutorials visit
uophelp.com is now newtonhelp.com
www.newtonhelp.com
1. (TCO A) Which one of the following is an advantage of corporations relative to partnerships and sole proprietorships? (Points : 5)
Reduced legal liability for investors
Harder to transfer ownership
Lower taxes
Most common form of organization
This document provides the answers to 30 multiple choice questions from a FIN 370 Final Exam. It covers topics such as corporate goals, primary and secondary markets, agency theory, financial principles, accounting ratios, time value of money, capital budgeting techniques, cost of capital, capital structure, and international finance. The answers are labeled A, B, C, or D for each question.
This document provides the answers to a 30 question final exam for a finance course. It covers topics like corporate goals, primary vs secondary markets, agency theory, financial principles, accounting ratios, time value of money calculations, capital budgeting techniques, cost of capital, capital structure, and international finance.
The document contains 30 multiple choice questions that appear to be from a finance exam. It covers topics such as corporate finance principles, financial statement analysis, time value of money, capital budgeting, cost of capital, capital structure, and international finance. The questions are designed to test students' understanding of key concepts in these areas of finance.
This document provides a sample ACC 400 final exam with 20 multiple choice questions covering various accounting topics such as cost accounting, financial statement analysis, internal controls, receivables, and equity. The exam questions assess understanding of accounting concepts like operating cycles, cash budgets, plant asset exchanges, bad debt expense, and accounting for dividends.
Fin 370 final exam 30 30 correct answers 100%eriks23
This document contains 30 multiple choice questions from a FIN 370 final exam, along with the questions and answer options. The questions cover a range of topics in finance, including financial management principles, accounting, time value of money, capital budgeting, cost of capital, capital structure, and international finance.
(New) fin 370 fin370 final exam entire answers with questions correct 100%twiter343r
The document contains 30 multiple choice questions that appear to be from a final exam for a finance course. The questions cover topics such as the goal of the firm, primary and secondary markets, the agency problem, financial ratios, time value of money, capital budgeting techniques, cost of capital, capital structure, and international finance.
The document introduces several students between the ages of 10-11 years old. Each student describes their name, age, hobbies and interests which include various sports, subjects, languages, colors and activities. They provide additional details about family, pets, schools and favorite things.
The document promotes travel to Egypt by describing several attractions including the unique light show projected on the Giza pyramids and Sphinx, Luxor Temple which was started by Pharaoh Amenophis III and added to by Ramses II, and the Egyptian Museum which displays over 250,000 artifacts from 5000 years of Egyptian history, including artifacts from the tomb of King Tutankhamun.
1) The document discusses how accounting transactions are generated in Oracle Receivables and passed to the general ledger. Key points covered include how AutoAccounting works to determine account segment values, how transactions like invoices and receipts impact accounting, and tips for verifying and reconciling the accounting entries.
2) When invoices, credit memos, receipts and other transactions are created in Receivables, accounting entries are automatically generated using predefined rules in AutoAccounting. These entries pass to the general ledger via the interface.
3) The journal entries reports in Receivables allow verifying the accounting for transactions and ensuring the correct accounts are used before posting to the general ledger. Period close procedures include balancing receivables activity
Microeconomics studies individual units like households and firms and their behavior in markets. Macroeconomics analyzes the whole economy in terms of aggregates like national income and output and looks at relationships between variables like consumption, savings, investment, employment and price levels. Microeconomics examines internal firm issues around production and costs, while macroeconomics considers the overall business environment set by economic, social and political conditions in a country. What is true for individual units may not hold true when looking at the total economy.
In Minnesota, lenders have two options to foreclose on a property in default: judicial foreclosure which involves a court order, or non-judicial foreclosure using a power of sale clause. For non-judicial foreclosure, the lender must provide at least 8 weeks notice before foreclosing on a homestead property. The foreclosure sale is then conducted by the county sheriff, who reads an itemized statement of the amount owed. The property is auctioned to the highest bidder, who receives a certificate of sale, and the borrower has one year to redeem the property by paying the past due amount. Lenders can also pursue borrowers for any remaining deficiency between the loan amount and property sale price
The document discusses options contracts, using the example of a farmer and bread manufacturer. [1] In an options contract, the farmer has the option to either execute a futures contract at a pre-agreed price of Rs. 110 or exit the contract and sell in the open market. [2] The farmer must pay the bread manufacturer a premium for this option. [3] Both parties can benefit - if prices rise to Rs. 120, the farmer exits and sells for more, while the manufacturer receives the Rs. 2 premium, making the effective price Rs. 118.
This document is a court docket summary that includes case details and a chronological list of docket entries for case number 1:11-cv-20120-PAS in the U.S. District Court for the Southern District of Florida. The case involves a pro se plaintiff, Traian Bujduveanu, suing multiple defendants. The docket entries show motions filed, responses, orders, and procedural developments in the case including referring motions to the magistrate judge for a report and recommendation.
Google is bringing significant changes to the business landscape by introducing new services like Google Olé. It is transforming industries as Google utilizes its resources to develop innovations that disrupt existing markets. This document discusses how Google's innovations are impacting different sectors and the company's growing influence through new products and services.
3S Global is a California-based minority-owned IT services company that offers various IT services including projects, staffing, analytics, web services, and consulting. They specialize in Oracle JD Edwards and PeopleSoft implementations, upgrades, and support. They have a team of highly experienced consultants with expertise in multiple industries and functional domains. 3S Global takes a rigorous, structured approach to ERP deployments to ensure successful project planning and delivery.
HTML, not just for desktops: Firefox OS - Congreso Universitario Móvil - 201...Frédéric Harper
The mobile web got a bad reputation. In reality, it's the platform to bet on if you care about reach and sustainability of your product. In this talk, Frédéric Harper will show you how you can use HTML and JavaScript to build amazing mobile applications as to brush up what you previously published. Learn about the open web technologies, including WebAPIs and tools designed to get you started developing HTML apps for Firefox OS and the web. In the end, HTML is not just for desktops..
Sabias Que En El Estado De Tlaxcala Existenguest7721b58
El documento resume que en el estado de Tlaxcala solo existen 5 áreas naturales protegidas controladas por el estado. Además, menciona que recientemente el gobernador solicitó al congreso estatal autorización para vender una fracción del Parque Ecológico Diego Muñoz Camargo para construir un centro comercial, lo que genera preocupación sobre la falta de otras opciones que no afecten las pocas reservas ecológicas existentes.
Roughly 18% of PTAs work in geriatric settings nationally, earning $50,000 on average. Patients commonly have diagnoses like arthritis, osteoporosis, and mobility issues from conditions like stroke. PTAs in geriatric settings perform exercises to improve walking, balance, strength, and range of motion, as well as therapies like massage and water therapy. To further their education, PTAs can join the APTA geriatrics section, complete a 12-month geriatric PT program, or self-educate with geriatric-focused books and materials.
A GUI design elements is a combination of technology and equipment.docxevonnehoggarth79783
A GUI design elements is a combination of technology and equipment to provide users with a platform that allows users to interact with it. A series of GUI components follow a visual language to represent the information stored in the computer. The most common elements include a combination of components such as model WIMP (window, icon, menu, pointing device) in the personal computer.
1. (TCO A) An advantage of the corporate form of business is that _____. (Points : 5)
it has limited life
its owner's personal resources are at stake
its ownership is easily transferable via the sale of shares of stock it is simple to establish
2. (TCO A) When a corporation distributes a dividend, _____. (Points : 5)
the most common form of distribution is a cash dividend the Dividends account will be increased with a credit
the Retained Earnings account will be directly increased with a debit the Dividends account will be decreased with a debit
3. (TCOs A, B) Below is a partial list of account balances for Denton Company:
Cash $7,000
Prepaid insurance 700
Accounts receivable 3,500
Accounts payable 2,800
Notes payable 4,200
Common stock 1,400
Dividends 700
Revenues 21,000
Expenses 17,500
What did Denton Company show as total credits? (Points : 5)
$30,100 $29,400 $28,700 $30,800
4. (TCOs B, E) A small and private company may be able to justify using a cash basis of accounting if it has _____. (Points : 5)
sales under $1,000,000 no accountants on staf
insignificant receivables and payables all sales and purchases on account
5. (TCO D) In a period of increasing prices, which inventory cost flow assumption will result in the lowest amount of income tax expense? (Points : 5)
FIFO
LIFO
The average cost method
Income tax expense for the period will be the same under all assumptions.
6. (TCOs A, E) Equipment was purchased for $60,000. Freight charges amounted to $2,800 and there was a cost of $8,000 for building a foundation and installing the equipment. It is estimated that the equipment will have a $12,000 salvage value at the end of its 5-year useful life. Depreciation expense each year using the straight-line method will be _____. (Points : 5)
$14,160 $11,760 $9,840 $9,600
7. (TCOs D, G) Lopez Corporation issues 500 ten-year, 8%, $1,000 bonds dated January 1, 2007, at 96. The journal entry to record the issuance will show a _____. (Points : 5)
debit to Cash of $500,000
credit to Discount on Bonds Payable for $20,000 credit to Bonds Payable for $480,000
debit to Cash for $480,000
8. (TCO C) Accounts receivable arising from sales to customers amounted to $35,000 and $40,000 at the beginning and end of the year, respectively. Income reported on the income statement for the year was
$120,000. Exclusive of the efect of other adjustments, the cash flows from operating activities to be reported on the statement of cash flows is _____. (Points : 5)
$120,000 $125,000 $155,000 $115,000
9. (TCO F) Which one of the following is not a tool in fin.
This document provides information about an online course and final exam for ACCT 504. It includes details on assignments and case studies for each week of the course, as well as three different practice final exams with multiple choice questions testing concepts related to financial accounting, reporting, analysis, and more. The document provides high-level overviews and essential details about the course content and structure as well as samples of the type of questions included on the final exam.
(TCO A) Which one of the following is an advantage of corporatio.docxmercysuttle
(TCO A) Which one of the following is an advantage of corporations relative to partnerships and sole proprietorships? (Points : 5)
Reduced legal liability for investors
Harder to transfer ownership
Lower taxes
Most common form of organization
Question 2. 2. (TCO A) When a corporation distributes a dividend, _____. (Points : 5)
the most common form of distribution is a cash dividend
the Dividends account will be increased with a credit
the Retained Earnings account will be directly increased with a debit
the Dividends account will be decreased with a debit
Question 3. 3. (TCOs A, B) Below is a partial list of account balances for Cerner Company:
Cash $5,000
Prepaid insurance 500
Accounts receivable 2,500
Accounts payable 2,000
Notes payable 3,000
Common stock 1,000
Dividends 500
Revenues 15,000
Expenses 12,500
What did Cerner Company show as total credits? (Points : 5)
$21,500
$21,000
$20,500
$22,000
Question 4. 4. (TCOs B, E) Under the accrual basis of accounting, _____. (Points : 5)
cash must be received before revenue is recognized
net income is calculated by matching cash outflows against cash inflows
events that change a company's financial statements are recognized in the period they occur rather than in the period in which cash is paid or received
the ledger accounts must be adjusted to reflect a cash basis of accounting before financial statements are prepared under generally accepted accounting principles
Question 5. 5. (TCO D) Three companies report the same cost of goods available for sale, but each employs a different inventory costing method. If the price of goods has increased during the period, then the company using _____. (Points : 5)
LIFO will have the highest ending inventory
FIFO will have the highest cost of goods sold
All three companies will have the same value for ending inventory.
average cost will have an ending inventory value that falls between FIFO and LIFO
Question 6. 6. (TCO A, E) Equipment was purchased for $17,000 on January 1, 2006. Freight charges amounted to $700 and there was a cost of $2,000 for building a foundation and installing the equipment. It is estimated that the equipment will have a $3,000 salvage value at the end of its 5-year useful life. What is the amount of accumulated depreciation at December 31, 2007, if the straight-line method of depreciation is used? (Points : 5)
$6,680
$3,340
$2,860
$5,720
Question 7. 7. (TCOs D, G) Lopez Corporation issues 500 ten-year, 8%, $1,000 bonds dated January 1, 2007, at 96. The journal entry to record the issuance will show a _____. (Points : 5)
debit to Cash of $500,000
credit to Discount on Bonds Payable for $20,000
...
(TCO A) Which one of the following is an advantage of corporations.docxmercysuttle
(TCO A) Which one of the following is an advantage of corporations relative to partnerships and sole proprietorships? (Points : 5)
Reduced legal liability for investors
Harder to transfer ownership
Lower taxes
Most common form of organization
Question 2.2. (TCO A) The Dividends account _____. (Points : 5)
appears on the income statement along with the expenses of the business
must show transactions every accounting period
is increased with debits and decreased with credits
is considered a long-term asset of the firm
Question 3.3. (TCOs A, B) Below is a partial list of account balances for Denton Company:
Cash $7,000
Prepaid insurance 700
Accounts receivable 3,500
Accounts payable 2,800
Notes payable 4,200
Common stock 1,400
Dividends 700
Revenues 21,000
Expenses 17,500
What did Denton Company show as total credits? (Points : 5)
$30,100
$29,400
$28,700
$30,800
Question 4.4. (TCOs B, E) Under the accrual basis of accounting, _____. (Points : 5)
cash must be received before revenue is recognized
net income is calculated by matching cash outflows against cash inflows
events that change a company's financial statements are recognized in the period they occur rather than in the period in which cash is paid or received
the ledger accounts must be adjusted to reflect a cash basis of accounting before financial statements are prepared under generally accepted accounting principles
Question 5.5. (TCO D) Two companies report the same cost of goods available for sale, but each employs a different inventory costing method. If the price of goods has increased during the period, then the company using _____. (Points : 5)
LIFO will have the highest ending inventory
FIFO will have the highest cost of goods sold
FIFO will have the highest ending inventory
LIFO will have the lowest cost of goods sold
Question 6.6. (TCO A, E) Equipment was purchased for $17,000 on January 1, 2006. Freight charges amounted to $700 and there was a cost of $2,000 for building a foundation and installing the equipment. It is estimated that the equipment will have a $3,000 salvage value at the end of its 5-year useful life. What is the amount of accumulated depreciation at December 31, 2007, if the straight-line method of depreciation is used? (Points : 5)
$6,680
$3,340
$2,860
$5,720
Question 7.7. (TCOs D, G) Lopez Corporation issues 500 ten-year, 8%, $1,000 bonds dated January 1, 2007, at 96. The journal entry to record the issuance will show a _____. (Points : 5)
debit to Cash of $500,000
credit to Discount on Bonds Payable for $20,000
credit to Bonds Payable for $480,000
debit to Cash for $480,000
Question 8.8. (TCO C) Accounts receivable arising fro ...
The Howit Department store is located in midtown Metro.During th.docxSUBHI7
The Howit Department store is located in midtown Metro.
During the past several years, net income has been declining because of suburban shopping centers.
At the close of the year ended
December 31,2007, the following accounts appeared in two of its trial balances.
.
Trial Balances
Unadjusted
Adjusted
Difference Increase/(Decrease)
Accounts Payable
$37,310
$37,310
$0
Accounts Receivable
12,770
12,770
0
Accumulated Depreciation-Delivery Equipment
15,680
19,680
4,000
Accumulated Depreciation-Store Equipment
32,300
41,800
9,500
Cash
7,000
7,000
0
Delivery Expense
8,200
8,200
0
Delivery Equipment
57,000
57,000
0
Depreciation Expense-Delivery Equipment
4,000
4,000
Depreciation Expense-Store Equipment
9,500
9,500
Freight-in
5,060
5,060
0
Common Stock
70,000
70,000
0
Retained Earnings
14,200
14,200
0
Dividends
12,000
12,000
0
Insurance Expense
9,000
9,000
Interest Expense
8,000
8,000
0
Interest Revenue
5,000
5,000
0
Merchandise Inventory
34,360
34,360
0
Notes Payable
46,000
46,000
0
Prepaid Insurance
13,500
4,500
(9,000)
Property Tax Expense
3,500
3,500
Purchases
640,000
640,000
0
Purchase Discounts
7,000
7,000
0
Purchase Returns and Allowances
3,000
3,000
0
Rent Expense
19,600
19,600
0
Salaries Expense
120,000
120,000
0
Sales
860,000
860,000
0
Sales Commissions Expense
8,000
14,000
6,000
Sales Commissions Payable
6,000
6,000
Sales Returns and Allowances
10,000
10,000
0
Store Equipment
125,000
125,000
0
Property Taxes Payable
3,500
3,500
Utilities Expense
10,000
10,000
0
Analysis
reveals
the following additional data:
1.
Salaries expense is
70%
selling and
30%
administrative.
2.
Insurance expense is
50%
selling and
50%
administrative.
3.
A physical inventory was conduced for year ended December 31, 2007 and the inventory was valued at $36,200.
4.
Rent expense, utilities expense, and property tax expense are administrative expenses.
5.
$10,000 of the Notes payable is due for payment next year.
6.
The beginning balance of accounts receivable is $10,750.
7.
The amount of total assets at the beginning of the year is $198,275.
Instructions
1)
Journalize the adjusting entries that were made by the company.
2)
Prepare a multiple-step income statement and a retained earnings statement for the year and a classified balance sheet as of December 31, 2007.
3)
Journalize the closing entries.
4)
Prepare a post-closing trial balance.
5)
Prepare the following ratios and show all support for your computations:
a) Current Ratio
b) Quick Ratio
c) Working Capital
d) Accounts Receivable Turnover
e) Average Collection Period
f) Inventory Turnover
g) Days in Inventory
h )Debt to Total Assets Ratio
i) Gross Profit Ratio
j) Profit Margin Ratio
k) Return on Assets Ratio
l) Asset Turnover Ratio
6) Based on the ratios computed in 5) above, answer the following questions and use the financial statement ratios to support your answers where appropriate:
·
Do you feel that the company is able to meet its current a.
devry fin 515 week 4 midterm,devry fin 515 week 4 problem set,devry fin 515 week 4,devry fin 515 week 4,devry fin 515,devry fin 515 week 4 tutorial,devry fin 515 week 4 assignment,devry fin 515 week 4 help
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Instructions1. For the questions requiring a written explanatio.docxnormanibarber20063
Instructions:
1. For the questions requiring a written explanation, please be as brief as possible. None of the questions require a lengthy answer. Often, one sentence per point to explain is enough.
2. Show all your work for maximum credit.
3. PUT YOUR ANSWERS IN RED WITH THE EXAM QUESTION BUT ENSURE THE GRADER CAN IDENTIFY YOUR QUICKLY IDENTIFY. BUT PLEASE MAKE SURE YOU IDENTIFY EACH ANSWER SO THAT I KNOW THE QUESTION YOU ARE ANSWERING.
PART I(50 points) Journal Entries
Whammy Company begins the month of May with $2,000 in cash and $2,000 in stock sold at par. During the month, the company has eight transactions. Prepare the appropriate journal entries for each transaction. You will also need to prepare the appropriate adjusting journal entries.
1. On May 1, the company receives $3,000 cash. The company has agreed to allow a potential customer to use rent part of the company’s office space from May 1 through July.
2. On May 1 the company buys a one year $100,000 fire insurance policy for the office building. The one year premium paid on May 1 was $2,400.
3. The company purchases inventory for $6,000. $5,000 was purchased on credit and the remainder with cash.
4. The company sells the entire inventory for $19,000 on account.
5. The company collects $3,000 of the accounts receivable.
6. The company pays $2,000 on the account payable.
7. Employees earn $6,000, to be paid next month.
8. During May the company purchases $1,200 of office supplies with cash. On May 31, there are only $700 of office supplies left.
PART IIBOND PRICING (40 Points)
1. (10 Points) The University of Alabama sells three year bonds with a $800,000 face value to private investors. The bonds are due in three years, have a 6% coupon rate, and interest is paid annually. The bonds were sold to yield 8%. What proceeds does UA receive from the investors?
2. (5 Points) Did the bond sell for par, a premium or a discount? How much was the premium or discount?
3. (5 Points) If the bond sold for a premium or discount, what is the balance in the premium or discount following the interest payment at the end of year 1?
4. (26 points) Prepare all of the necessary journal entries, beginning with the issuance of the bond, the three annual interest payments and the bond retirement at the end of year 3.
Part III Statement of Cash Flows (32 Points)
Prepare a Statement of Cash Flow for the year ending 2017 from the following information.
2016
2017
Cash
85,000
27,000
Accounts Receivable
95,000
80,000
inventory
130,000
134,000
prepaid expenses
9,500
9,000
land
89,700
130,000
PP&E
295,500
256,700
accumulated depr
-30,000
-13,000
total assets
674,700
623,700
accounts payable
98,000
77,000
accrued liabilities
54,000
70,000
bonds payable
110,000
60,000
common stock
100,000
101,000
retained earnings
312,700
315,700
674,700
623,700
PP&E with a historical cost of $50,000 and a net book value of $28,000 was sold for $22,500
Dividends.
This document provides a summary of the questions from the FIN 515 Week 4 Midterm exam, including 10 multiple choice questions and 1 long question involving capital budgeting analysis of multiple projects. The questions cover topics such as asset turnover, retirement planning calculations, loan and investment growth calculations, capital structure, bond yields, risk and required returns.
This document provides a summary of the questions from the FIN 515 Week 4 Midterm exam, including 10 multiple choice questions and 1 long question involving capital budgeting analysis of multiple projects. The questions cover topics such as asset turnover, retirement planning calculations, loan and investment growth calculations, capital structure, bond yields, risk and required returns.
1. (TCO A) Below you will find selected information (in millions) .docxhyacinthshackley2629
1. (TCO A) Below you will find selected information (in millions) from Coca-Cola Co.’s 2012 Annual Report.
Income Taxes Payable
$471
Short-term Investments and Marketable Securities
8,109
Cash
8,442
Other non-current Liabilities
10,449
Common Stock
1,760
Receivables
4,812
Other Current Assets
2,973
Long-term Investments
10,448
Other Non-current Assets
3,585
Property, Plant and Equipment
23,486
Trademarks
6,527
Other Intangible Assets
20,810
Allowance for Doubtful Accounts
53
Accumulated Depreciation
9,010
Accounts Payable
8,680
Short Term Notes Payable
17,874
Prepaid Expenses
2,781
Other Current Liabilities
796
Long-Term Liabilities
14,736
Paid-in-Capital in Excess of Par Value
11,379
Retained Earnings
55,038
Inventories
3,264
Treasury Stock
35,009
Other information taken from the Annual Report.
Sales Revenue for 2012
$48,017
Cost of Goods Sold for 2012
19,053
Net Income for 2012
9,019
Inventory Balance on 12/31/11
3,092
Net Accounts Receivable Balance on 12/31/11
4,920
Total Assets on 12/31/11
79,974
Equity Balance on 12/31/11
31,921
Required: 1: Using the information provided prepare a Balance Sheet. Separate the current assets from non-current assets and provide a total for each. Also, separate the current liabilities from the non-current liabilities and provide a total for each.
2: Using the Balance Sheet from your answer above, calculate the Current Ratio and Return on common stockholders’ equity. (Points : 36)
Question 2.2. (TCO B) The following selected data was retrieved from the Walmart, Inc. financial statements for the year ending January 31, 2013.
Accounts Payable
$38,080
Accounts Receivable
6,768
Cash
7,781
Common Stock
3,952
Cost of Goods Sold
352,488
Income Tax Expense
7,981
Interest Expense
2,064
Membership Revenues
3,048
Net Sales
466,114
Operating, Selling and Administrative Expenses
88,873
Retained Earnings
72,978
Required: 1: Using the information provided above, prepare a multiple-step income statement.
2: Calculate the Profit Margin, and Gross profit rate for the company. Be sure to provide the formula you are using, show your calculations, and discuss your findings and results.(Points : 36)
Question 3.3. 45. (TCO C) Please review the following real-world Hewlett Packard Statement of Cash flows and address the two questions below.
Cash flow from operating activities
In millions
In millions
For the year ended 2012
For the year ended 2011
Net (loss) earnings
$(12,650)
$7,074
Depreciation and amortization
5,095
4,984
Impairment of goodwill and purchased intangible assets
18,035
885
Stock-based compensation expense
635
685
Provision for doubtful accounts
142
81
Provision for inventory
277
217
Restructuring charges
2,266
645
Deferred taxes on earnings
(711)
166
Excess tax benefit from stock-based competition
(12)
(163)
Other, net
265
(46)
Accounts and financing receivables
1,269
(227)
Inventory
890
(1,252)
Accounts payable
(1,414)
275
Taxes on earnings
(320)
610
Restructuring
(840)
(1,002)
Other asse.
This document contains solutions to problems from FIN 515 Week 6. It includes solutions to 5 problems labeled 16-1 through 16-5. It also includes a link to get additional tutorial information. The document provides the questions and multiple choice answers to 6 additional business and finance problems. It gives the questions, possible answers and identifies the correct answers. The problems cover topics like market value, capital budgeting techniques, stock valuation, cash budgeting and additional funds needed.
Acct 504 final exam solutions 100% correct answersProfessorLance
This document contains the solutions to an accounting exam with multiple choice questions covering various topics such as corporations, dividends, financial statements, inventory cost flow assumptions, bonds, depreciation, cash flows, and financial statement analysis. The solutions provide the correct answer choice for each question along with explanations for some questions.
This document contains sample questions and solutions for the Intermediate CA exam on the topic of financial management. The questions cover various ratios, leverage, capital structure, and cost of capital. Specifically, it provides examples to calculate ratios like current ratio and debt-equity ratio. It also includes questions on determining operating, financial and combined leverage given information on sales, costs and capital structure. Further, there are questions on optimal capital structure, cost of different sources of capital, and weighted average cost of capital.
The document contains 30 multiple choice questions that appear to be from a final exam for a finance course. The questions cover various topics in finance including the goals of firms, primary and secondary markets, agency theory, financial ratios, time value of money, capital budgeting techniques, cost of capital, capital structure, and international finance.
The document contains 30 multiple choice questions that appear to be from a final exam for a finance course. The questions cover various topics in finance including the goals of firms, primary and secondary markets, agency theory, financial ratios, time value of money, capital budgeting techniques, cost of capital, capital structure, and international finance.
The document contains 30 multiple choice questions that appear to be from a final exam for a finance course. The questions cover various topics in finance including the goals of firms, primary and secondary markets, agency theory, financial ratios, time value of money, capital budgeting techniques, cost of capital, capital structure, and international finance.
The document contains 30 multiple choice questions that appear to be from a final exam for a finance course. The questions cover various topics in finance including the goals of firms, primary and secondary markets, agency theory, financial ratios, time value of money, capital budgeting techniques, cost of capital, capital structure, and international finance.
The document contains 30 multiple choice questions that appear to be from a final exam for a finance course. The questions cover various topics in finance including the goals of firms, primary and secondary markets, agency theory, financial ratios, time value of money, capital budgeting techniques, cost of capital, capital structure, and international finance.
1. ACCT 504 FINAL EXAM
PLEASE DOWNLOAD HERE
1. (TCO A) Which of the following is an advantage of the sole proprietorship
relative to the corporate form of business organization? (Points : 5)
Limited liability of investor
Transferability of ownership
Simple to establish
Unlimited life
2. (TCO A) Dividends _____. (Points : 5)
represent an expense and are an operating activity
represent an obligation and are an operating activity
represent a distribution of earnings and are a financing activity
represent an asset and are an investing activity
3. (TCOs A, B) Below is a partial list of account balances for LBJ Company:
Cash $15,000
Prepaid insurance 5,000
Accounts receivable 2,500
Accounts payable 3,000
Notes payable 6,000
Common stock 10,000
Dividends 500
Revenues 15,000
Expenses 13,000
What did LBJ Company show as total debits?
2. (Points : 5)
$34,000
$36,000
$70,000
$31,000
4. (TCOs B, E) Why is the accrual basis of accounting preferred by GAAP?
(Points : 5)
The Accrual basis is easier to use.
The Accrual basis is also preferred by the Internal Revenue Service.
The Accrual basis complies with the revenue recognition and matching principles.
The Accrual basis requires fewer accounting resources.
5. (TCO D) In a period of increasing prices, which inventory cost flow assumption
will result in the highest amount of net income?(Points : 5)
LIFO
The average cost method
FIFO
Income tax expense for the period will be the same under all assumptions.
6. (TCOs A, E) Equipment was purchased for $75,000 on January 1, 2011.
Freight charges of $3,200 were incurred and there was a cost of $6,000 for
installation. It is estimated the equipment will have a $12,000 salvage value at the
end of its 5-year useful life. Depreciation expense for 2011 using the straight-line
method will be _____. (Points : 5)
$13,800
$14,440
$12,600
$13,240
3. 7. (TCO D,G) Payne Corporation issues 100 twenty-year, 6%, $1,000 bonds
dated July 1, 2010, at 94. The journal entry to record the issuance will show a
_____. (Points : 5)
debit to Cash of $100,000
credit to Bonds Payable of $94,000
credit to Premium on Bonds Payable of $4,000
debit to Discount on Bonds Payable of $6,000
8. (TCO C) Accounts receivable arising from sales to customers amounted to
$80,000 and $100,000 at the beginning and end of the year, respectively. Income
reported on the income statement for the year was $1,000,000. Exclusive of the
effect of other adjustments, the cash flows from operating activities to be reported
on the statement of cash flows is _____. (Points : 5)
$20,000
$1,020,000
$1,000,000
$980,000
9. (TCO F) If you are making comparisons within a company to detect changes in
financial relationships and significant trends, you are performing what type of
analysis? (Points : 5)
Industry averages analysis
Intercompany analysis
Common-size analysis
Intracompany analysis
10. (TCO F) The formula for performing horizontal analysis is _____. (Points : 5)
(Current Year Amount minus Base Year Amount) divided by Current Year
Amount
Base Year Amount divided by Current Year Amount
Current Year Amount minus Base Year Amount
(Current Year Amount minus Base Year Amount) divided by Base Year Amount
4. 11. (TCO F) Horizontal analysis is a technique for evaluating a series of financial
statement data over a period of time _____.(Points : 5)
that has been arranged from the highest number to the lowest number
that has been arranged from the lowest number to the highest number
to determine which numbers are in error
to determine the amount and/or percentage increase or decrease that has taken
place
12. (TCO F) A common measure of liquidity is _____. (Points : 5)
debt-to-total-assets ratio
cash debt coverage
free cash flow
working capital
13. (TCO F) Short-term creditors would be most interested in which of the
following ratios? (Points : 5)
Average collection period
Times interest earned
Cash debt coverage
Free cash flow
14. (TCO G) To calculate the market value of a bond, we need to _____. (Points :
5)
multiply the bond price times the interest rate
calculate the present value of the principal only
calculate the present value of the interest only
calculate the present value of both the principal and
1. (TCO A) Use the following partial financial statement information below to
calculate the liquidity and profitability ratios. This information can be used to
correctly solve each of the ratios below.
5. Average common shares outstanding 35,000 Current liabilities $25,000
Capital expenditures $20,000 Net income $50,000
Cash provided by operations $77,000 Net sales $100,000
Preferred stock dividends paid $30,000 Total liabilities $50,000
Current assets $20,000 Total assets $80,000
Instructions: Compute the following.
a) Current ratio
b) Working capital
c) Earnings per share
d) Debt-to-total-assets ratio
e) Free cash flow
To earn full credit, you must show the formula you are using, show your
computations, and explain the meaning of each of your ratio results. (Points : 30)
Metric Formula Used Figure Indication
Current Ratio (Current Assets)/(Current Liabilities) 0.8x This means that the firm
will have a hard time paying off its current liabilities if the need arises.
Working Capital Current Assets-Current Liabilities -$5,000 This means that the
firm cannot continue its operations without facing many obligations.
Earnings per share (Net Income-Preferred Dividends)/(Number of Common
Shares) $0.57 a share This means that investors are earning $0.57 per share
owned.
Debt to total assets ratio ((Total Debt))/(Total Assets) 0.625 This means the
company’s capital structure relies so much on debt
FCF Cash by operations-Capital Exp. $57,000 This tells us that the company
has $57,000 cash to be used.
2. (TCO D) The Oxford Company has budgeted sales revenues as follows.
Oct Nov Dec
Credit sales $120,000 $96,000 $72,000
6. Cash sales 72,000 204,000 156,000
Total sales 192,000 300,000 228,000
Past experience indicates that 60% of the credit sales will be collected in the
month of sale and the remaining 40% will be collected in the following month.
Purchases of inventory are all on credit, with 60% paid in the month of purchase
and 40% in the month following purchase. Budgeted inventory purchases are
$260,000 in October, $180,000 in November, and $84,000 in December.
Other budgeted cash receipts include (a) the sale of plant assets for $49,400 in
November and (b) the sale of new common stock for $67,400 in December. Other
budgeted cash disbursements include (a) operating expenses of $27,000 each
month, (b) selling and administrative expenses of $50,000 each month, (c)
dividends of $76,000 to be paid in November, and (d) purchase of equipment for
$24,000 cash in December.
The company has a cash balance of $40,000 at the beginning of December and
wishes to maintain a minimum cash balance of $40,000 at the end of each month.
An open line of credit is available at the bank and carries an annual interest rate
of 12%. Assume that all borrowing is done on the first day of the month in which
financing is needed and that all repayments are made on the last day of the
month in which excess cash is available. Also assume that $14,000 of financing
was obtained on November 1.
Requirements: Use this information to prepare a schedule of expected cash
payments for purchases of inventory for the months of November and December
only.
This question does not require creation of an entire cash budget so please only
create the schedule that is asked for in the question because otherwise you will
be wasting valuable time.
(Points : 30)
Nov Dec
Beginning Cash Balance $32,000 $40,000
Cash Receipts:
Cash sales $204,000 $156,000
Collection of Sales $105,600 $81,600
Sale of Plant $49,400 $0
Sale of Stocks $0 $67,400
7. Cash Disbursements:
Payment of Purchases ($212,000) ($122,400)
Operating Expenses ($27,000) ($27,000)
S&A Expenses ($50,000) ($50,000)
Dividends ($76,000) $0
Equipment Purchase $0 ($24,000)
Interest Payments $0 ($1,680)
Borrowing $14,000 $0
Ending Balance $40,000 $119,920
3. (TCOs B, E) The following items are taken from the financial statements of
Lansing Company for 2010.
Accounts payable $16,500
Accounts receivable 25,500
Accumulated depreciation 12,600
Bonds payable 35,000
Cash 55,000
Common stock 75,000
Cost of goods sold 53,000
Depreciation expense 6,300
Dividends 5,300
Equipment 35,000
Interest expense 4,300
Patents 6,500
Retained earnings, January 1 80,000
Salaries expense 42,000
8. Sales revenue 115,000
Supplies 3,500
Instructions: Prepare an income statement and a retained earnings statement for
Lansing Company. (Points : 30)
Lansing Company
Income Statement
Sales Revenue $115,000
Cost of Goods Sold ($53,000)
Gross Margin $62,000
Salaries Expense ($42,000)
Depreciation Expense ($6,300)
Interest Expense ($4,300)
Net Income $9,400
Lansing Company
Statement of Retained Earnings
Beginning Retained Earnings $80,000
Add: Net Income $9,400
Less: Dividends Paid ($5,300)
Ending Retained Earnings $89,400
4. (TCO D) Your friend James has hired you to evaluate the following internal
control procedures.
a) Explain to your friend whether each of the numbered items below is an internal
control strength or weakness. You must also state which principle relates to each
of the internal controls.
b) For the weaknesses, you also need to state a recommendation for
improvement.
Everyone has access to the petty cash fund.
9. Cash register codes are assigned to each cashier.
The treasurer is the only one allowed to sign checks.
Supervisors count cash receipts daily.
The treasurer approves of the purchases and makes the payment because he is
familiar with the purchases.
(Points : 30)
Control Principle Type
Everyone has access to the petty cash fund Proper authorization Weakness
Cash register codes are assigned to each cashier. Segregation of duties
Strength
The treasurer is the only one allowed to sign checks. Proper Authorization
Strength
Supervisors count cash receipts daily. Independent checks Strength
The treasurer approves of the purchases and makes the payment because he is
familiar with the purchases. Proper Authorization Weakness
b.) For the weaknesses, it is wise to limit the access to the petty cash funds, and
instead designate a number of authorized people to have access into it. If
everyone has access to the petty cash fund, then there is a high risk of running
into fraud or theft. Also, it is not an adequate reason to let the treasurer approve
the purchases just because he is familiar with them. A thorough analysis should
be taken into consideration, and the treasurer should be accompanied with
another authorized employee with regards to making approvals of this kind.
5. (TCOs D, E) Please prepare the following journal entries. Indicate which
account should be debited with the abbreviation DR in front of the account name
and which account should be credited with the abbreviation CR in front of the
account name along with the dollar amount of the debit and credit.
a) Investors invested $150,000 in exchange for 10,000 shares of common stock.
b) Company made payment on account for $10,000
c) Company received $15,000 for services not yet performed
d) Company purchased $7,500 worth of equipment
e) Company billed $5,000 for services performed (Points : 30)
10. Cash DR $150 ,000
Common Stock CR $150,000
Accounts Payable DR $10,000
Cash CR $10,000
Cash DR $15,000
Unearned Revenue CR $15,000
Equipment DR $7,500
Cash CR $7,500
Accounts Receivables DR $5,000
Service Revenue CR $5,000
6. (TCO C) Please indicate which section of the statement of cash flows should
contain each of the following items and whether each item would result in an
inflow or outflow of cash. The sections are Operating, Investing, and Financing.
a) Depreciation of equipment
b) Increase in accounts payable
c) Sold a building at book value
d) Paymentofdividends
e) Increase in inventory (Points : 30)
Event Section Result
Depreciation of equipment Operating Inflow
Increase in accounts payable Operating Inflow
Sold a building at book value Investing Inflow
Payment of dividends Financing Outflow
Increase in inventory Operating Outflow