On January 2 Year 4 Poplar Ltd purchased 80 of the outst.pdf
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On January 2, Year 4, Poplar Ltd. purchased 80% of the outstanding shares of Spruce Ltd. for $2, 020,000. At that date, Spruce had common shares of $500,000 and retained earnings of $1,270, 000 and accumulated depreciation of $620,000. Poplar acquired the Spruce shares to obtain control of mineral rights owned by Spruce. At the date of acquisition, these mineral rights were valued at $755,000, were not recognized on Spruce's separate-entity balance sheet, and had an useful life of 10 years. Except for the mineral rights, the carrying amount of the recorded assets and liabilities of Spruce were equal to their fair values. On December 31, Year 7, the trial balances of the two companies were as follows: Additional Information - The Year 7 net incomes of the two companies are as follows: - The mineral rights owned by Spruce have increased in value since the date of acquisition and were worth $926,800 at December 31, Year 7. - On January 2, Year 5, Poplar sold equipment to Spruce for $520,000. The equipment had a carrying amount of $416,000 at the time of the sale. The remaining useful life of the equipment was 5 years. - The Year 7 opening inventories of Poplar contained $502,000 of merchandise purchased from Spruce during Year 6. Spruce had recorded a gross profit of $200,800 on this merchandise. - During Year 7, Spruce's sales to Poplar totalled $1,002,000. These sales were made at a gross profit rate of 35% . - Poplar's ending inventory contains $302,000 of merchandise purchased from Spruce. - On January 2, Year 5, Poplar issued 8%,7 year bonds with a face value of $500,000 for $521,000. Interest is paid annually on December 31. On January 2, Year 6, Spruce purchased one-half of this issue on the open market at a cost of $238,000. - Other expenses include depreciation expense. - Tax allocation will be at a rate of 40%. Required: (a) Prepare the following consolidated financial statements for Year 7: (i) Income statement (Leave no cells blank - be certain to enter "O" wherever required. Input all values as positive numbers.)(ii) Retained earnings statement (Input all values as positive numbers. Omit $ sign in your response.) (iii) Balance sheet (Leave no cells blank - be certain to enter "0" wherever required. Amounts to be deducted should be indicated with a minus sign.)(b) Calculate the December 31, Year 7, balance in the account Investment in Spruce if Poplar had used the equity method to account for its investment. (Omit $ sign in your response.) Balance, Dec. 31, Year 7 (c) This part of the question is not part of your Connect assignment..
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On January 2 Year 4 Poplar Ltd purchased 80 of the outst.pdf
On January 2, Year 4, Poplar Ltd. purchased 80% of the outstanding shares of Spruce Ltd. for $2,
070,000. At that date, Spruce had common shares of $500,000 and retained earnings of $1,320,
000 and accumulated depreciation of $670,000. Poplar acquired the Spruce shares to obtain
control of mineral rights owned by Spruce. At the date of acquisition, these mineral rights were
valued at $767,500, were not recognized on Spruce's separate-entity balance sheet, and had an
useful life of 10 years. Except for the mineral rights, the carrying amount of the recorded assets
and liabilities of Spruce were equal to their fair values. On December 31, Year 7, the trial balances
of the two companies were as follows: Additional Information - The Year 7 net incomes of the two
companies are as follows: - The mineral rights owned by Spruce have increased in value since the
date of acquisition and were worth $931,300 at December 31, Year 7. - On January 2, Year 5,
Poplar sold equipment to Spruce for $570,000. The equipment had a carrying amount of $456,000
at the time of the sale. The remaining useful life of the equipment was 5 years. - The Year 7
opening inventories of Poplar contained $507,000 of merchandise purchased from Spruce during
Year 6. Spruce had recorded a gross profit of $202,800 on this merchandise. - During Year 7,
Spruce's sales to Poplar totalled $1,007,000. These sales were made at a gross profit rate of 35%
. - Poplar's ending inventory contains $307,000 of merchandise purchased from Spruce. - On
January 2, Year 5, Poplar issued 8%, 7 year bonds with a face value of $500,000 for $521,000.
Interest is paid annually on December 31. On January 2, Year 6, Spruce purchased one-half of
this issue on the open market at a cost of $238,000. - Other expenses include depreciation
expense. - Tax allocation will be at a rate of 40%. Required: (a) Prepare the following consolidated
financial statements for Year 7: (i) Income statement (Leave no cells blank - be certain to enter "O"
wherever required. Input all values as positive numbers.)(ii) Retained earnings statement (Input all
values as positive numbers. Omit $ sign in your response.) (iii) Balance sheet (Leave no cells
blank - be certain to enter "O" wherever required. Amounts to be deducted should be indicated
with a minus sign.)(b) Calculate the December 31, Year 7, balance in the account Investment in
Spruce if Poplar had used the equity method to account for its investment. (Omit $ sign in your
response.) Balance, Dec. 31, Year 7 $ (c) This part of the question is not part of your Connect
assignment..
On January 2, Year 4, Poplar Ltd. purchased 80 of the outstanding.pdf
On January 2, Year 4, Poplar Ltd. purchased 80% of the outstanding shares of Spruce Ltd. for
$1,930,000. At that date, Spruce had common shares of $500,000 and retained earnings of
$1,180,000 and accumulated depreciation of $530,000. Poplar acquired the Spruce shares to
obtain control of mineral rights owned by Spruce. At the date of acquisition, these mineral rights
were valued at $732,500, were not recognized on Spruces separate-entity balance sheet, and had
an useful life of 10 years. Except for the mineral rights, the carrying amount of the recorded
assets and liabilities of Spruce were equal to their fair values. On December 31, Year 7, the trial
balances of the two companies were as follows:
Additional Information
The Year 7 net incomes of the two companies are as follows:
The mineral rights owned by Spruce have increased in value since the date of acquisition and
were worth $940,300 at December 31, Year 7.
On January 2, Year 5, Poplar sold equipment to Spruce for $440,000. The equipment had a
carrying amount of $352,000 at the time of the sale. The remaining useful life of the equipment
was 5 years.
The Year 7 opening inventories of Poplar contained $517,000 of merchandise purchased from
Spruce during Year 6. Spruce had recorded a gross profit of $206,800 on this merchandise.
During Year 7, Spruces sales to Poplar totalled $1,017,000. These sales were made at a gross
profit rate of 35%.
Poplars ending inventory contains $317,000 of merchandise purchased from Spruce.
On January 2, Year 5, Poplar issued 8%, 7 year bonds with a face value of $500,000 for
$521,000. Interest is paid annually on December 31. On January 2, Year 6, Spruce purchased
one-half of this issue on the open market at a cost of $238,000.
Other expenses include depreciation expense.
Tax allocation will be at a rate of 40%.
Required:
(a) Prepare the following consolidated financial statements for Year 7:
(i) Income statement (Leave no cells blank - be certain to enter "0" wherever required. Input all
values as positive numbers.)
(ii) Retained earnings statement (Input all values as positive numbers. Omit $ sign in your
response.)
(iii) Balance sheet (Leave no cells blank - be certain to enter "0" wherever required. Amounts to
be deducted should be indicated with a minus sign.)
(b) Calculate the December 31, Year 7, balance in the account Investment in Spruce if Poplar
had used the equity method to account for its investment. (Omit $ sign in your response.)
Balance, Dec. 31, Year 7 $
PoplarSpruceCash$930,000$517,000Accounts
receivable1,860,000288,000Inventory2,790,0001,936,000Plant and
equipment13,020,0002,830,000Investment in Spruce (cost)1,930,000Investment in
bonds242,000Cost of goods sold2,330,000878,900Other expenses969,000317,000Interest
expense37,000Income tax
expense647,400280,000Dividends600,000250,000$25,113,400$7,538,900Accounts
payable$2,418,000$2,408,500Accumulated depreciation: plant and
equipment3,887,800930,000Bonds payable500,000Premium on bonds payable12.
On lanuary 2 Vear 4. Poplar tid, purchase.pdf
On lanuary 2 Vear 4. Poplar tid, purchased 80% of the outslanding shares of Spruce tid. for
$2.080000 At ihat dates Spruke has compon shares of $500,000 and retained earnings of
$1,330,000 and accumulated depreciation of $680000. Poplar acquies the Spruce srares to obtain
controt of mineral ilights owned by Spruce. At the date of acquisition. these mineral eightite
were valued at S/ 10000 , were not mecognized on Spruce's separate-entity balance sheet, and
had an useful life of 10 years. Fxcept lor the minerat Walite the carrying amount of the tecorded
assets and llabilities of Spruce were equal to their fair values. On December 31, Yeis Z. the Whal
batances of the two companies were as follows.
Adtefoner ioformotien - The he 7 hie wiconier of the tro companies are as foliows - Inc ininerial
righits owned by Sproce have increased in value since the dite of acquiviticio and weie worth
$932>00 at December 14. Vear 7 - The Yoar 7 opening irventosies of Poplar contained $508.000
of mierchandise puretased from Spauce during Year 6. Spruce hod tecorded a guoss profit of
$203.200 on this meichandise - Dveing Year 7 Spruce's tales to Poplar totalled 5 toog ood. These
sales mere made at a gross proft rate of 357 . - Acpiar s reding imentary coritain $308,000 of
merchandice purchased lrom Socuce - Mir landiariy 2. Year 5. Poplar issued 89.7 year bopds
with a lace valio of $500,000 for $52000 traerest is paid aninaly en - Ouirer espentes inciude
tepreciadon cxpense. - lax ettocinion wil be it a rate of 40n. Pequired:
Whiter a mine aypid
Malamce, Etec ill, Yor 7
On January 2, Year 4, Poplar Ltd. purchased 80% of the outstonding shareo or Spruce Ltd for
$2,030,000. At that date Spruce had common shares of $500,000 and retained earnings of
$1,330,000 and accumulated depreciation of 5690,000 . Popiar accu ad the Spruce shares to
obtain control of mineral rights owned by Spruce. At the date of acquisition, these mineral rights
were velued of $770,000. were not recognized on Spruce's separate-entity balance sheet, and had
an useful life of to years. Except for the miherel rights. the carrying amount of the recorded
assets and liabilities of Spruce were equal to their fair values. On December 31 Year?, the thal
balances of the two componies were as follows
Adiditional Information - The Year 7 get incomes of the two componies are as follows: - The
mineral rights owned by Spruce have increased in value since the dote of acquisition and were
worth $932.200 at December: 31, Year 7 - On January 2, Year 5. Poplar sold equipment to
Spruce for $580.000. The equipment had a carrying amount of $464000 at the time of the sale.
The remaining useful life of the equipment was 5 years. - The Year 7 opening inventories of
Poplar contained $508.000 of merchandise purchosed from Spruce during Year 6 . Spruce had
recorded a gross profit of $203,200 on this merchandise. - During Year 7, Spruce's sales to
Poplar totalled $1,008,000. These sales were made at a gross profit rate of .
Sun Corporation received a charter that authorized the issuance of 118.pdf
Sun Corporation received a charter that authorized the issuance of 118,000 shares of $7 par
common stock and 20,000 shares of $100 par, 7 percent cumulative preferred stock. Sun
Corporation completed the following transactions during its first two years of operation: Year 1
Jan. 5 sold 17,700 shares of the $7 par common stock for $9 per share. 12 sold 2,000 shares of
the 7 percent preferred stoek for $110 per share. Apr. 5 sold 23,600 shares of the $7 par comnon
stoek for $11 per share. Dec. 31 During the year, earned $303 , 600 in cash revenue and paid
$235 , 200 for cash operating expenses. 31 Declared the cash dividend on the outstanding shares
of preferred stock for Year 1. The dividend will be paid on February 15 to stockholders of record
on January 10 , Year 2 . Year 2 Feb.15 Paid the cash dividend declared on December 31, Year 1.
Mar. 3 sold 3,000 ahares of the $100 par preferred stock for $120 per share. May 5 Purchased
600 shares of the common stoek as treasury stock, at $14 per share. Dec.31 During the year,
earned $251 , 200 in cash revenues and paid $170 , 500 for cash operating expenses. 31 Declared
the annual dividend on the proferred stoek and a $0.50 per share dividend on the common stock.
Required a. Organize the transaction data in accounts under an accounting equation. b. Prepare
the stockholders' equity section of the balance sheet at December 31, Year 1 . c. Prepare the
balance sheet at December 31, Year 2. Complete this question by entering your answers in the
tabs below..
1. Mike has come to you with these statements about corporations.docx
1. Mike has come to you with these statements about corporations:
a) Corporation management is both an advantage and a disadvantage of a corporation compared to a proprietorship or a partnership.
b) Limited liability of stockholders, government regulations, and additional taxes are the major disadvantages of a corporation.
c) When a corporation is formed, organization costs are recorded as an asset.
d) Each share of common stock gives the stockholder the ownership rights to vote at stockholder meetings, share in corporate earnings, keep the same percentage ownership when new shares of stock are issued, and share in assets upon liquidation.
e) The number of issued shares is always greater than or equal to the number of authorized shares.
f) A journal entry is required for the authorization of capital stock.
g) Publicly held corporations usually issue stock directly to investors.
h) The trading of capital stock on a securities exchange involves the transfer of already issued shares from an existing stockholder to another investor.
i) The market price of common stock is usually the same as its par value.
j) Retained earnings is the total amount of cash and other assets paid in to the corporation by stockholders in exchange for capital stock.
Directions
Indicate whether each statement is true orfalse. Iffalse, identify a way to correct the statement.
2. During its first year of operations, Plight Corporation had the following transactions pertaining to common stock.
Jan. 10 Issued 70,000 shares for cash at $5 per share.
July 1 Issued 40,000 shares for cash at $7 per share.
Directions
(a) Journalize the transactions, assuming that the common stock has a par value of $5 per share.
(b) Journalize the transactions, assuming that the common stock is no-par with a stated value of $1 per share.
3. Locket Co. had the following transactions during the current period:
Mar. 2nd Issued 5,000 shares of $5 par value common stock to attorneys in payment of a bill for $30,000 for services performed in helping the company to incorporate.
June 12th Issued 60,000 shares of $5 par value common stock for cash of $375,000.
July 11th Issued 1,000 shares of $100 par value preferred stock for cash at $110 per share.
Nov. 28th Purchased 2,000 shares of treasury stock for $80,000.
Directions
Journalize these transactions for Locket.
4. On January 1, 2015, the stockholders’ equity section ofHarlequin Corporation shows common stock ($5 par value) $1,500,000; paid-in capital in excess of par $1,000,000; and retained earnings $1,200,000. During the year, the corporation entered into the following treasury stock transactions.
Mar. 1st Purchased 50,000 shares for cash at $15 per share.
July 1st Re-issued 10,000 treasury shares for cash at $17 per share.
Sept. 1st Sold 8,000 treasury shares for cash at $14 per share.
Directions
(a) Journalize the treasury stock transactions.
(b) Revise the entry for September 1st, assuming the treasury shares were sold at $12 ...
Prepare the stockholders' equity section of Headland Corporation's bal.pdf
Prepare the stockholders' equity section of Headland Corporation's balance sheet as of December
31,2020 . (Enter account nome only and do not provide descriptlve information) On January 5,
2020, Headland Corporation received a charter granting the right to issue 4,800 shares of $100
par value, 8% cumulative and nonparticipating preferred stock, and 46,600 shares of $10 par
value common stock. It then completed these transactions. Jan. 11 Issued 19,200 shares of
common stock at $14 per share. Feb. 1 Issued to Sanchez Corp. 4,100 shares of preferred stock
for the following assets: equipment with a fair value of $54 , 700 ; a factory building with a fair
value of $156 , 000 ; and land with an appraised value of $293.000 . July 29 Purchased 1,700
shares of common stock at $17 per share. (Use cost method.) Aug. 10 Sold the 1,700 treasury
shares at $15 per share. Dec. 31 Declared a $0.40 per share cash dividend on the cormmon stock
and declared the preferred dividend. Dec.31 Closed the income Summary account. There was a
$181 , 300 net income..
ACCT 221Midterm Problems1. Albert Corporation is author.docx
ACCT 221
Midterm Problems
1. Albert Corporation is authorized to issue 1,500,000 shares of $4 par value common stock. During
2013, its first year of operation, the company has the following stock transactions.
Jan. 15 Issued 500,000 shares of stock at $11 per share.
Jan.
30
The company’s attorney accepted 3,500 shares of common stock as payment for legal
services rendered in helping the company incorporate. The legal services are estimated to
have a value of $28,000.
July 2 Issued 100,000 shares of stock for land. The land had an asking price of $2,000,000. The
stock is currently selling on a national exchange at $14 per share.
Instructions
Journalize the transactions for Albert Corporation.
2. Vero Corporation has the following stockholders' equity accounts on January 1, 2013:
The company uses the cost method to account for treasury stock transactions. During 2013, the
following treasury stock transactions occurred:
March 1 Purchased 12,000 shares at $18 per share.
July 1 Sold 3,500 shares at $21 per share.
Sept 1 Sold 3,100 shares at $14 per share.
Instructions
Journalize the treasury stock transactions for 2013.
Due Date: Sunday, April 7 @ 11 p.m. ET submit via WebTycho Assignment Folder
1
Common Stock, $10 par value $1,500,000
Paid-in Capital in Excess of Par 200,000
Retained Earnings 500,000
Total Stockholders’ Equity $2,200,000
3. Domino Corporation was organized on January 1, 2011. During its first year, the corporation issued
20,000 shares of $5 par value preferred stock and 200,000 shares of $1 par value common stock. At
December 31, the company declared the following cash dividends:
Year Dividend
2011 5,000
2012 15,000
2013 35,000
Instructions
(a) Show the allocation of dividends to each class of stock, assuming the preferred stock dividend
is 8% and cumulative.
(b) Journalize the declaration of the cash dividend at December 31, 2013.
4. On January 1, 2013, Alsace Corporation had $3,000,000 of $5 par value common stock outstanding
that was issued at par and retained earnings of $2,000,000. The company issued 250,000 shares of
common stock at $14 per share on July 1. On December 15, the board of directors declared a 15%
stock dividend to stockholders of record on December 31, 2013, payable on January 15, 2014. The
market value of Alsace Corporation stock was $18 per share on December 15 and $20 per share on
December 31. Net income for 2013 was $550,000.
Instructions
Journalize the issuance of stock on July 1, the declaration of the stock dividend on December 15,
2013, and the issuance of the stock dividend on January 15, 2014.
5. Prepare the journal entries for the following two independent situations:
(a) On January 1, 2013, Hathaway Corporation issued $300,000, 11%, 10-year bonds for $291,780.
The bonds were sold to yield an effective-interest rate of 12%. Prepare the journal entry that
Hathaway Corporation would make on January 1.
(b) Monaghan, Inc. redeemed .
Sanford CompanyThe Sanford Company had the following balance she.docx
Sanford Company
The Sanford Company had the following balance sheet as of December 31, 2012. The transactions for the first three months of 2013 are also presented along with other information about specific accounts.
Sanford Company
Balance Sheet
December 31, 2012
ASSETS
LIABILITIES
Cash
$ 57,000
Accounts Payable
$ 34,000
Marketable Securities
8,000
Wages Payable
11,200
Accounts Receivable
75,000
Taxes Payable
8,000
Uncollectible Accounts
-2,000
Short-Term Notes Payable
12,000
Inventory
84,000
Interest Payable
800
Supplies
7,000
Unearned Revenue
13,000
Prepaid Insurance
6,000
Total Current Assets
$235,000
Total Current Liabilities
$ 79,000
Land
$114,000
Long-Term Notes Payable
$ 20,000
Equipment
227,000
Bonds Payable
100,000
Accumulated Depreciation
-87,000
Mortgage Payable
320,000
Building
560,000
Total Long-Term Liabilities
$440,000
Accumulated Depreciation
-130,000
Intangible Assets
70,000
STOCKHOLDER EQUITY
Total Long-Term Assets
$754,000
Capital Stock
$100,000
Paid in Capital
250,000
Retained Earnings
120,000
Total Stockholders Equity
$470,000
Total Assets
$989,000
Total Liabilities & Equity
$989,000
Additional Information
Accounts Receivable
The following table indicates the historical breakout of accounts receivable
Days
Current
30 to 60
60 to 90
Over 90
Percent of Balance
50%
30%
15%
5%
Percent Collectible
95%
90%
80%
60%
The company uses the gross method of recording all sales on accounts.
Marketable Securities
The interest rate earned on marketable securities is 6.0%.
Inventory
In 2012, the company had used the gross method to record inventory purchases on account. As of January 1, 2013, the company is using the net method to record inventory purchases on account.
Prepaid Insurance
A three-year insurance policy in the amount of $7,200 was purchased on July 1, 2012.
Equipment
Equipment is depreciated at an average amount of $3,000 per month.
Building
The current building was purchased on January 1, ten years ago and has an expected 40-year life at which time its salvage value will be $40,000.
Intangible Assets
Intangible assets were initially valued at $80,000 and are being depreciated over 40 years at $2,000 per year.
Short-Term Notes Payable
The one-year short-term notes payable are due on March 1, 2013. The interest rate is 8.0% which is payable at maturity.
Long-Term Notes Payable
The long-term notes payable are due in ten years. The interest rate on the notes is 7.5%.
Bonds Payable
The bonds payable mature in twenty years. The interest rate on the bonds is 7.0%.
Mortgage Payable
The following amortization schedule can be used for the January, 2013 mortgage payment on the 10.0%, 30- year mortgage.
Month
Payment
Interest
Principal
Balance
January
$3,500
$2,667
$833
$320,000
$319,167
Capital Stock
The capital stock is common stock at $10 par value with 50,000 shares authorized, and 10,000 shares issued and outstanding.
Journal Entries
Jan 1 Equipment wi.
Recommended
On January 2 Year 4 Poplar Ltd purchased 80 of the outst.pdf
On January 2, Year 4, Poplar Ltd. purchased 80% of the outstanding shares of Spruce Ltd. for $2,
070,000. At that date, Spruce had common shares of $500,000 and retained earnings of $1,320,
000 and accumulated depreciation of $670,000. Poplar acquired the Spruce shares to obtain
control of mineral rights owned by Spruce. At the date of acquisition, these mineral rights were
valued at $767,500, were not recognized on Spruce's separate-entity balance sheet, and had an
useful life of 10 years. Except for the mineral rights, the carrying amount of the recorded assets
and liabilities of Spruce were equal to their fair values. On December 31, Year 7, the trial balances
of the two companies were as follows: Additional Information - The Year 7 net incomes of the two
companies are as follows: - The mineral rights owned by Spruce have increased in value since the
date of acquisition and were worth $931,300 at December 31, Year 7. - On January 2, Year 5,
Poplar sold equipment to Spruce for $570,000. The equipment had a carrying amount of $456,000
at the time of the sale. The remaining useful life of the equipment was 5 years. - The Year 7
opening inventories of Poplar contained $507,000 of merchandise purchased from Spruce during
Year 6. Spruce had recorded a gross profit of $202,800 on this merchandise. - During Year 7,
Spruce's sales to Poplar totalled $1,007,000. These sales were made at a gross profit rate of 35%
. - Poplar's ending inventory contains $307,000 of merchandise purchased from Spruce. - On
January 2, Year 5, Poplar issued 8%, 7 year bonds with a face value of $500,000 for $521,000.
Interest is paid annually on December 31. On January 2, Year 6, Spruce purchased one-half of
this issue on the open market at a cost of $238,000. - Other expenses include depreciation
expense. - Tax allocation will be at a rate of 40%. Required: (a) Prepare the following consolidated
financial statements for Year 7: (i) Income statement (Leave no cells blank - be certain to enter "O"
wherever required. Input all values as positive numbers.)(ii) Retained earnings statement (Input all
values as positive numbers. Omit $ sign in your response.) (iii) Balance sheet (Leave no cells
blank - be certain to enter "O" wherever required. Amounts to be deducted should be indicated
with a minus sign.)(b) Calculate the December 31, Year 7, balance in the account Investment in
Spruce if Poplar had used the equity method to account for its investment. (Omit $ sign in your
response.) Balance, Dec. 31, Year 7 $ (c) This part of the question is not part of your Connect
assignment..
On January 2, Year 4, Poplar Ltd. purchased 80 of the outstanding.pdf
On January 2, Year 4, Poplar Ltd. purchased 80% of the outstanding shares of Spruce Ltd. for
$1,930,000. At that date, Spruce had common shares of $500,000 and retained earnings of
$1,180,000 and accumulated depreciation of $530,000. Poplar acquired the Spruce shares to
obtain control of mineral rights owned by Spruce. At the date of acquisition, these mineral rights
were valued at $732,500, were not recognized on Spruces separate-entity balance sheet, and had
an useful life of 10 years. Except for the mineral rights, the carrying amount of the recorded
assets and liabilities of Spruce were equal to their fair values. On December 31, Year 7, the trial
balances of the two companies were as follows:
Additional Information
The Year 7 net incomes of the two companies are as follows:
The mineral rights owned by Spruce have increased in value since the date of acquisition and
were worth $940,300 at December 31, Year 7.
On January 2, Year 5, Poplar sold equipment to Spruce for $440,000. The equipment had a
carrying amount of $352,000 at the time of the sale. The remaining useful life of the equipment
was 5 years.
The Year 7 opening inventories of Poplar contained $517,000 of merchandise purchased from
Spruce during Year 6. Spruce had recorded a gross profit of $206,800 on this merchandise.
During Year 7, Spruces sales to Poplar totalled $1,017,000. These sales were made at a gross
profit rate of 35%.
Poplars ending inventory contains $317,000 of merchandise purchased from Spruce.
On January 2, Year 5, Poplar issued 8%, 7 year bonds with a face value of $500,000 for
$521,000. Interest is paid annually on December 31. On January 2, Year 6, Spruce purchased
one-half of this issue on the open market at a cost of $238,000.
Other expenses include depreciation expense.
Tax allocation will be at a rate of 40%.
Required:
(a) Prepare the following consolidated financial statements for Year 7:
(i) Income statement (Leave no cells blank - be certain to enter "0" wherever required. Input all
values as positive numbers.)
(ii) Retained earnings statement (Input all values as positive numbers. Omit $ sign in your
response.)
(iii) Balance sheet (Leave no cells blank - be certain to enter "0" wherever required. Amounts to
be deducted should be indicated with a minus sign.)
(b) Calculate the December 31, Year 7, balance in the account Investment in Spruce if Poplar
had used the equity method to account for its investment. (Omit $ sign in your response.)
Balance, Dec. 31, Year 7 $
PoplarSpruceCash$930,000$517,000Accounts
receivable1,860,000288,000Inventory2,790,0001,936,000Plant and
equipment13,020,0002,830,000Investment in Spruce (cost)1,930,000Investment in
bonds242,000Cost of goods sold2,330,000878,900Other expenses969,000317,000Interest
expense37,000Income tax
expense647,400280,000Dividends600,000250,000$25,113,400$7,538,900Accounts
payable$2,418,000$2,408,500Accumulated depreciation: plant and
equipment3,887,800930,000Bonds payable500,000Premium on bonds payable12.
On lanuary 2 Vear 4. Poplar tid, purchase.pdf
On lanuary 2 Vear 4. Poplar tid, purchased 80% of the outslanding shares of Spruce tid. for
$2.080000 At ihat dates Spruke has compon shares of $500,000 and retained earnings of
$1,330,000 and accumulated depreciation of $680000. Poplar acquies the Spruce srares to obtain
controt of mineral ilights owned by Spruce. At the date of acquisition. these mineral eightite
were valued at S/ 10000 , were not mecognized on Spruce's separate-entity balance sheet, and
had an useful life of 10 years. Fxcept lor the minerat Walite the carrying amount of the tecorded
assets and llabilities of Spruce were equal to their fair values. On December 31, Yeis Z. the Whal
batances of the two companies were as follows.
Adtefoner ioformotien - The he 7 hie wiconier of the tro companies are as foliows - Inc ininerial
righits owned by Sproce have increased in value since the dite of acquiviticio and weie worth
$932>00 at December 14. Vear 7 - The Yoar 7 opening irventosies of Poplar contained $508.000
of mierchandise puretased from Spauce during Year 6. Spruce hod tecorded a guoss profit of
$203.200 on this meichandise - Dveing Year 7 Spruce's tales to Poplar totalled 5 toog ood. These
sales mere made at a gross proft rate of 357 . - Acpiar s reding imentary coritain $308,000 of
merchandice purchased lrom Socuce - Mir landiariy 2. Year 5. Poplar issued 89.7 year bopds
with a lace valio of $500,000 for $52000 traerest is paid aninaly en - Ouirer espentes inciude
tepreciadon cxpense. - lax ettocinion wil be it a rate of 40n. Pequired:
Whiter a mine aypid
Malamce, Etec ill, Yor 7
On January 2, Year 4, Poplar Ltd. purchased 80% of the outstonding shareo or Spruce Ltd for
$2,030,000. At that date Spruce had common shares of $500,000 and retained earnings of
$1,330,000 and accumulated depreciation of 5690,000 . Popiar accu ad the Spruce shares to
obtain control of mineral rights owned by Spruce. At the date of acquisition, these mineral rights
were velued of $770,000. were not recognized on Spruce's separate-entity balance sheet, and had
an useful life of to years. Except for the miherel rights. the carrying amount of the recorded
assets and liabilities of Spruce were equal to their fair values. On December 31 Year?, the thal
balances of the two componies were as follows
Adiditional Information - The Year 7 get incomes of the two componies are as follows: - The
mineral rights owned by Spruce have increased in value since the dote of acquisition and were
worth $932.200 at December: 31, Year 7 - On January 2, Year 5. Poplar sold equipment to
Spruce for $580.000. The equipment had a carrying amount of $464000 at the time of the sale.
The remaining useful life of the equipment was 5 years. - The Year 7 opening inventories of
Poplar contained $508.000 of merchandise purchosed from Spruce during Year 6 . Spruce had
recorded a gross profit of $203,200 on this merchandise. - During Year 7, Spruce's sales to
Poplar totalled $1,008,000. These sales were made at a gross profit rate of .
Sun Corporation received a charter that authorized the issuance of 118.pdf
Sun Corporation received a charter that authorized the issuance of 118,000 shares of $7 par
common stock and 20,000 shares of $100 par, 7 percent cumulative preferred stock. Sun
Corporation completed the following transactions during its first two years of operation: Year 1
Jan. 5 sold 17,700 shares of the $7 par common stock for $9 per share. 12 sold 2,000 shares of
the 7 percent preferred stoek for $110 per share. Apr. 5 sold 23,600 shares of the $7 par comnon
stoek for $11 per share. Dec. 31 During the year, earned $303 , 600 in cash revenue and paid
$235 , 200 for cash operating expenses. 31 Declared the cash dividend on the outstanding shares
of preferred stock for Year 1. The dividend will be paid on February 15 to stockholders of record
on January 10 , Year 2 . Year 2 Feb.15 Paid the cash dividend declared on December 31, Year 1.
Mar. 3 sold 3,000 ahares of the $100 par preferred stock for $120 per share. May 5 Purchased
600 shares of the common stoek as treasury stock, at $14 per share. Dec.31 During the year,
earned $251 , 200 in cash revenues and paid $170 , 500 for cash operating expenses. 31 Declared
the annual dividend on the proferred stoek and a $0.50 per share dividend on the common stock.
Required a. Organize the transaction data in accounts under an accounting equation. b. Prepare
the stockholders' equity section of the balance sheet at December 31, Year 1 . c. Prepare the
balance sheet at December 31, Year 2. Complete this question by entering your answers in the
tabs below..
1. Mike has come to you with these statements about corporations.docx
1. Mike has come to you with these statements about corporations:
a) Corporation management is both an advantage and a disadvantage of a corporation compared to a proprietorship or a partnership.
b) Limited liability of stockholders, government regulations, and additional taxes are the major disadvantages of a corporation.
c) When a corporation is formed, organization costs are recorded as an asset.
d) Each share of common stock gives the stockholder the ownership rights to vote at stockholder meetings, share in corporate earnings, keep the same percentage ownership when new shares of stock are issued, and share in assets upon liquidation.
e) The number of issued shares is always greater than or equal to the number of authorized shares.
f) A journal entry is required for the authorization of capital stock.
g) Publicly held corporations usually issue stock directly to investors.
h) The trading of capital stock on a securities exchange involves the transfer of already issued shares from an existing stockholder to another investor.
i) The market price of common stock is usually the same as its par value.
j) Retained earnings is the total amount of cash and other assets paid in to the corporation by stockholders in exchange for capital stock.
Directions
Indicate whether each statement is true orfalse. Iffalse, identify a way to correct the statement.
2. During its first year of operations, Plight Corporation had the following transactions pertaining to common stock.
Jan. 10 Issued 70,000 shares for cash at $5 per share.
July 1 Issued 40,000 shares for cash at $7 per share.
Directions
(a) Journalize the transactions, assuming that the common stock has a par value of $5 per share.
(b) Journalize the transactions, assuming that the common stock is no-par with a stated value of $1 per share.
3. Locket Co. had the following transactions during the current period:
Mar. 2nd Issued 5,000 shares of $5 par value common stock to attorneys in payment of a bill for $30,000 for services performed in helping the company to incorporate.
June 12th Issued 60,000 shares of $5 par value common stock for cash of $375,000.
July 11th Issued 1,000 shares of $100 par value preferred stock for cash at $110 per share.
Nov. 28th Purchased 2,000 shares of treasury stock for $80,000.
Directions
Journalize these transactions for Locket.
4. On January 1, 2015, the stockholders’ equity section ofHarlequin Corporation shows common stock ($5 par value) $1,500,000; paid-in capital in excess of par $1,000,000; and retained earnings $1,200,000. During the year, the corporation entered into the following treasury stock transactions.
Mar. 1st Purchased 50,000 shares for cash at $15 per share.
July 1st Re-issued 10,000 treasury shares for cash at $17 per share.
Sept. 1st Sold 8,000 treasury shares for cash at $14 per share.
Directions
(a) Journalize the treasury stock transactions.
(b) Revise the entry for September 1st, assuming the treasury shares were sold at $12 ...
Prepare the stockholders' equity section of Headland Corporation's bal.pdf
Prepare the stockholders' equity section of Headland Corporation's balance sheet as of December
31,2020 . (Enter account nome only and do not provide descriptlve information) On January 5,
2020, Headland Corporation received a charter granting the right to issue 4,800 shares of $100
par value, 8% cumulative and nonparticipating preferred stock, and 46,600 shares of $10 par
value common stock. It then completed these transactions. Jan. 11 Issued 19,200 shares of
common stock at $14 per share. Feb. 1 Issued to Sanchez Corp. 4,100 shares of preferred stock
for the following assets: equipment with a fair value of $54 , 700 ; a factory building with a fair
value of $156 , 000 ; and land with an appraised value of $293.000 . July 29 Purchased 1,700
shares of common stock at $17 per share. (Use cost method.) Aug. 10 Sold the 1,700 treasury
shares at $15 per share. Dec. 31 Declared a $0.40 per share cash dividend on the cormmon stock
and declared the preferred dividend. Dec.31 Closed the income Summary account. There was a
$181 , 300 net income..
ACCT 221Midterm Problems1. Albert Corporation is author.docx
ACCT 221
Midterm Problems
1. Albert Corporation is authorized to issue 1,500,000 shares of $4 par value common stock. During
2013, its first year of operation, the company has the following stock transactions.
Jan. 15 Issued 500,000 shares of stock at $11 per share.
Jan.
30
The company’s attorney accepted 3,500 shares of common stock as payment for legal
services rendered in helping the company incorporate. The legal services are estimated to
have a value of $28,000.
July 2 Issued 100,000 shares of stock for land. The land had an asking price of $2,000,000. The
stock is currently selling on a national exchange at $14 per share.
Instructions
Journalize the transactions for Albert Corporation.
2. Vero Corporation has the following stockholders' equity accounts on January 1, 2013:
The company uses the cost method to account for treasury stock transactions. During 2013, the
following treasury stock transactions occurred:
March 1 Purchased 12,000 shares at $18 per share.
July 1 Sold 3,500 shares at $21 per share.
Sept 1 Sold 3,100 shares at $14 per share.
Instructions
Journalize the treasury stock transactions for 2013.
Due Date: Sunday, April 7 @ 11 p.m. ET submit via WebTycho Assignment Folder
1
Common Stock, $10 par value $1,500,000
Paid-in Capital in Excess of Par 200,000
Retained Earnings 500,000
Total Stockholders’ Equity $2,200,000
3. Domino Corporation was organized on January 1, 2011. During its first year, the corporation issued
20,000 shares of $5 par value preferred stock and 200,000 shares of $1 par value common stock. At
December 31, the company declared the following cash dividends:
Year Dividend
2011 5,000
2012 15,000
2013 35,000
Instructions
(a) Show the allocation of dividends to each class of stock, assuming the preferred stock dividend
is 8% and cumulative.
(b) Journalize the declaration of the cash dividend at December 31, 2013.
4. On January 1, 2013, Alsace Corporation had $3,000,000 of $5 par value common stock outstanding
that was issued at par and retained earnings of $2,000,000. The company issued 250,000 shares of
common stock at $14 per share on July 1. On December 15, the board of directors declared a 15%
stock dividend to stockholders of record on December 31, 2013, payable on January 15, 2014. The
market value of Alsace Corporation stock was $18 per share on December 15 and $20 per share on
December 31. Net income for 2013 was $550,000.
Instructions
Journalize the issuance of stock on July 1, the declaration of the stock dividend on December 15,
2013, and the issuance of the stock dividend on January 15, 2014.
5. Prepare the journal entries for the following two independent situations:
(a) On January 1, 2013, Hathaway Corporation issued $300,000, 11%, 10-year bonds for $291,780.
The bonds were sold to yield an effective-interest rate of 12%. Prepare the journal entry that
Hathaway Corporation would make on January 1.
(b) Monaghan, Inc. redeemed .
Sanford CompanyThe Sanford Company had the following balance she.docx
Sanford Company
The Sanford Company had the following balance sheet as of December 31, 2012. The transactions for the first three months of 2013 are also presented along with other information about specific accounts.
Sanford Company
Balance Sheet
December 31, 2012
ASSETS
LIABILITIES
Cash
$ 57,000
Accounts Payable
$ 34,000
Marketable Securities
8,000
Wages Payable
11,200
Accounts Receivable
75,000
Taxes Payable
8,000
Uncollectible Accounts
-2,000
Short-Term Notes Payable
12,000
Inventory
84,000
Interest Payable
800
Supplies
7,000
Unearned Revenue
13,000
Prepaid Insurance
6,000
Total Current Assets
$235,000
Total Current Liabilities
$ 79,000
Land
$114,000
Long-Term Notes Payable
$ 20,000
Equipment
227,000
Bonds Payable
100,000
Accumulated Depreciation
-87,000
Mortgage Payable
320,000
Building
560,000
Total Long-Term Liabilities
$440,000
Accumulated Depreciation
-130,000
Intangible Assets
70,000
STOCKHOLDER EQUITY
Total Long-Term Assets
$754,000
Capital Stock
$100,000
Paid in Capital
250,000
Retained Earnings
120,000
Total Stockholders Equity
$470,000
Total Assets
$989,000
Total Liabilities & Equity
$989,000
Additional Information
Accounts Receivable
The following table indicates the historical breakout of accounts receivable
Days
Current
30 to 60
60 to 90
Over 90
Percent of Balance
50%
30%
15%
5%
Percent Collectible
95%
90%
80%
60%
The company uses the gross method of recording all sales on accounts.
Marketable Securities
The interest rate earned on marketable securities is 6.0%.
Inventory
In 2012, the company had used the gross method to record inventory purchases on account. As of January 1, 2013, the company is using the net method to record inventory purchases on account.
Prepaid Insurance
A three-year insurance policy in the amount of $7,200 was purchased on July 1, 2012.
Equipment
Equipment is depreciated at an average amount of $3,000 per month.
Building
The current building was purchased on January 1, ten years ago and has an expected 40-year life at which time its salvage value will be $40,000.
Intangible Assets
Intangible assets were initially valued at $80,000 and are being depreciated over 40 years at $2,000 per year.
Short-Term Notes Payable
The one-year short-term notes payable are due on March 1, 2013. The interest rate is 8.0% which is payable at maturity.
Long-Term Notes Payable
The long-term notes payable are due in ten years. The interest rate on the notes is 7.5%.
Bonds Payable
The bonds payable mature in twenty years. The interest rate on the bonds is 7.0%.
Mortgage Payable
The following amortization schedule can be used for the January, 2013 mortgage payment on the 10.0%, 30- year mortgage.
Month
Payment
Interest
Principal
Balance
January
$3,500
$2,667
$833
$320,000
$319,167
Capital Stock
The capital stock is common stock at $10 par value with 50,000 shares authorized, and 10,000 shares issued and outstanding.
Journal Entries
Jan 1 Equipment wi.
The stockholders' equity accounts of Sheffield Corporation on January.pdf
The stockholders' equity accounts of Sheffield Corporation on January 1, 2022, were as follows.
During 2022, the corporation had the following transactions and events pertaining to its
stockholders ' equity. Feb. 1 Issued 24,000 shares of common stock for $117 , 000 . Apr. 14 Sold
6,000 shares of treasury stock-common for $33 , 700 . Sept. 3 Issued 5,100 shares of common
stock for a pathit valued at $35 , 000 . Nov. 10 Purchased 1,100 shares of common stock for the
treasury at a cost of $5 , 700 . Dec. 31 Determined that net income for the year was $420 , 000 ,
No dividends were declared during the year. Journalize the transactions and the closing entry for
net income. (List all debit entries before credit entries. Record journal entries in the order
presented in the problem. Credit account titles are automatically indented when amount is
entered. Do not indent manually.) Enter the beginning balances in the accounts, and post the
journal entries to the stockholders' equity accounts. (Use J5 for the posting reference.)
(Postentries in the order of joumal entries presented in the previous part.) Preferred Stock
Retained Earnings eTextbook and Media Assistance Used List of Accounts Attempts: 3 of 5 used
Prepare a stockholders' equity section at December 31, 2022. (Enter the account name only and
do not provide the descriptive information provided in the question.) SHEFFIELD
CORPORATION Balance Sheet (Partial) December 31,2022 Stockholders' Equity Paid-in
Capital Capital Stock: Preferred Stock Common Stock Total Capital Stock Additional Paid in
Capital Paid in Capital in Evcess of Par-Preferred Stock Paid in Capital in Excess of Stated
Value Common Stock Paid-in Caphtal from Treasury Stock Total Additional Paidfin Capitat
Total Paid-in Capital Retained Earnines Total Paid-in Capital and Retahed Cornizgs ? Treasary
stock Total Stockholders' Equity.
Question 1On December 31, 2014, Frick Incorporated, had the.docx
Question
1:
On December 31, 2014, Frick Incorporated, had the following balances (all balances are normal):
Accounts
Amount
Preferred Stock, ($100 par value, 5% noncumulative, 50,000 shares authorized, 10,000 shares issued and outstanding)
$1,000,000
Common Stock ($10 par value, 200,000 shares authorized, 100,000 shares issued and outstanding)
$1,000,000
Paid-in Capital in Excess of par, Common
150,000
Retained Earnings
700,000
The following events occurred during 2014 and were not recorded:
a. On January 1, Frick declared a 5% stock dividend on its common stock when the market value of the common stock was $15 per share. Stock dividends were distributed on January 31 to shareholders as of January 25.
b. On February 15, Frick reacquired 1,000 shares of common stock for $20 each.
c. On March 31, Frick reissued 250 shares of treasury stock for $25 each.
d. On July 1, Frick reissued 500 shares of treasury stock for $16 each.
e. On October 1, Frick declared full year dividends for preferred stock and $1.50 cash dividends for outstanding shares and paid shareholders on October 15.
f. One December 15, Frick split common stock 2 shares for 1.
g. Net Income for 2014 was $275,000.
Requirements
:
a.
Prepare journal entries for the transactions listed above.
b.
Prepare a Stockholders' section of a classified balance sheet as of December 31, 2014.
Question
2:
On January 1, 2014, Frick Company purchased 10,000 shares of the stock of Floozy, and did obtain significant influence.
The investment is intended as a long-term investment.
The stock was purchased for $90,000, and represents a 30% ownership stake.
Floozy made $25,000 of net income in 2014, and paid dividends of $10,000.
The price of Floozy's stock increased from $10 per share at the beginning of the year, to $12 per share at the end of the year.
Requirements
:
a.
Prepare the January 1 & December 31 general journal entries for Frick Company.
b.
How much should the Frick Company report on the balance sheet for the investment in Floozy as the end of 2014
Question
3:
The following is selected information from Flip Company for the fiscal years ended December 31, 2014: Flip Company had net income of $1,225,000.
Depreciation was $500,000, purchases of plant assets were $1,250,000, and disposals of plant assets for $500,000 resulted in a $50,000 gain.
Stock was issued in exchange for an outstanding note payable of $725,000.
Accounts receivable decreased by $25,000.
Accounts payable decreased by $40,000.
Dividends of $300,000 were paid to shareholders.
Flip Company had interest expense of $50,000. Cash balance on January 1, 2014 was $250,000.
Requirements
:
Prepare Flip Company's statement of cash flows for the year ended December 31, 2014 using the indirect method.
Question
4:
Frick Corporation had the following bond transactions during the fiscal year 2014:
a. On January 1: issued ten (10), $1,000 bonds at 102.
The 5-year bonds, is dated Janua.
The John Marshall Company Inc which provides consulting s.pdf
The John Marshall Company, Inc., which provides consulting services to major utility companies,
was formed on January 2 of this year. Transactions completed during the first year of operation
were as follows: January 2 - Issued 600,000 shares of stock for $10,300,000. January 10 -
Acquired equipment in exchange for $2,600,000 cash and a $5,100,000 note payable. The note is
due in ten years. February 1 - Paid $12,000 for a business insurance policy covering the two-year
period beginning on February 1. February 22 - Purchased $900,000 of supplies on account March
1 - Paid wages of $185,600 March 23 - Billed $2,810,000 for services rendered on account April 1
- Paid $120,000 of the amount due on the supplies purchased February 22. April 17 - Collected
$300,000 of the accounts receivable May 1 - Paid wages of $200,400. May 8 - Received and paid
bill for $96,000 for utilities. May 24 - Paid $44,000 for sales commissions. June 1 - Made the first
payment of 250,000 on the note issued January 10. The payment consisted of $50,000 interest
and $200,000 applied against the principal of the note. June 16 - Billed eustomers for $520,000 of
services rendered. June 30 - Collected $310,000 on accounts receivable. July 10 - Purchased
$150,000 of supplies on account. August 25 - Paid $155,000 for administrative expenses.
September 23 - Paid $31,000 for warehouse repairs. October 1 - Paid general wages of $91,000.
November 20 - Purchased supplies for $61,000 cash. December 15 - Collected $145,000 in
advance for services to be provided in December and January. December 30 - Declared and paid
a $55,000 dividend to shareholders.Assets: 101102CashAccountsreceivable 103 Supplies 104
Prepaid insurance 110 Equipment 112 Accumulated depreciation Liabilities: 201 Accounts payable
202 Unearned service revenue 203 Wages payable 210 Interest payable 220 Notes payable
Stockholders' Equity: 301 Common stock 310 Retained eamings 320 Dividends Revenues: 401
Service revenue Expenses: 5015025035045055065075105200ther:601Wageexpense
UtilityexpenseSellingexpenseAdministrativeexpenseRepairsexpenseInsuranceexpense
SuppliesexpenseDepreciationexpenseInterestexpenseIncomesummary1. Journalize the
transactions for the year. 2. Post the journal entries to a T account. 3. Prepare an unadjusted trial
balance as of December 31 . 4. Journalize and post adjusting entries to the T accounts based on
the following additional information: a. Eleven months of the insurance policy expired by the end of
the year. b. Depreciation for equipment is $410,000. c. The company provided $92,000 of services
related to the advance collection of December 15 . d. There are $545,000 of supplies on hand at
the end of the year. e. An additional $185,000 of interest has accrued on the note by the end of
the year. f. Marshall accrued wages of $215,000 at the end of the ear. 5. Prepare an adjusted trial
balance as of December 31 . 6. Prepare a single-step income statement and statement of retained
eamings for the year.
The John Marshall Company Inc which provides consulting s.pdf
The John Marshall Company, Inc., which provides consulting services to major utility companies,
was formed on January 2 of this year. Transactions completed during the first year of operation
were as follows: January 2 - Issued 600,000 shares of stock for $10,300,000. January 10 -
Acquired equipment in exchange for $2,600,000 cash and a $5,100,000 note payable. The note is
due in ten years. February 1 - Paid $12,000 for a business insurance policy covering the two-year
period beginning on February 1. February 22 - Purchased $900,000 of supplies on account March
1 - Paid wages of $185,600 March 23 - Billed $2,810,000 for services rendered on account April 1
- Paid $120,000 of the amount due on the supplies purchased February 22. April 17 - Collected
$300,000 of the accounts receivable May 1 - Paid wages of $200,400. May 8 - Received and paid
bill for $96,000 for utilities. May 24 - Paid $44,000 for sales commissions. June 1 - Made the first
payment of 250,000 on the note issued January 10. The payment consisted of $50,000 interest
and $200,000 applied against the principal of the note. June 16 - Billed eustomers for $520,000 of
services rendered. June 30 - Collected $310,000 on accounts receivable. July 10 - Purchased
$150,000 of supplies on account. August 25 - Paid $155,000 for administrative expenses.
September 23 - Paid $31,000 for warehouse repairs. October 1 - Paid general wages of $91,000.
November 20 - Purchased supplies for $61,000 cash. December 15 - Collected $145,000 in
advance for services to be provided in December and January. December 30 - Declared and paid
a $55,000 dividend to shareholders.Assets: 101102CashAccountsreceivable 103 Supplies 104
Prepaid insurance 110 Equipment 112 Accumulated depreciation Liabilities: 201 Accounts payable
202 Unearned service revenue 203 Wages payable 210 Interest payable 220 Notes payable
Stockholders' Equity: 301 Common stock 310 Retained eamings 320 Dividends Revenues: 401
Service revenue Expenses: 5015025035045055065075105200ther:601Wageexpense
UtilityexpenseSellingexpenseAdministrativeexpenseRepairsexpenseInsuranceexpense
SuppliesexpenseDepreciationexpenseInterestexpenseIncomesummary1. Journalize the
transactions for the year. 2. Post the journal entries to a T account. 3. Prepare an unadjusted trial
balance as of December 31 . 4. Journalize and post adjusting entries to the T accounts based on
the following additional information: a. Eleven months of the insurance policy expired by the end of
the year. b. Depreciation for equipment is $410,000. c. The company provided $92,000 of services
related to the advance collection of December 15 . d. There are $545,000 of supplies on hand at
the end of the year. e. An additional $185,000 of interest has accrued on the note by the end of
the year. f. Marshall accrued wages of $215,000 at the end of the ear. 5. Prepare an adjusted trial
balance as of December 31 . 6. Prepare a single-step income statement and statement of retained
eamings for the year.
Mary Dvorak organized Mullin Enterprises, Inc., in January 2019. The .pdf
Mullin Enterprises was organized in 2019 and issued common stock. In 2020, it issued preferred stock and again issued more preferred stock in 2021 to raise capital. Over 2021-2022, it earned a total of $918,000 in net income but paid some dividends. The question asks to prepare the stockholders' equity section of the balance sheet as of December 31, 2022 and identify two reasons why a company may choose preferred stock over long-term debt.
1-Identify whether obligations are current liabilities.(LO 1), C.docx
1-Identify whether obligations are current liabilities.
(LO 1), C
Linton Company has these obligations at December 31: (a) a note payable for $100,000 due in 2 years, (b) a 10-year mortgage payable of $200,000 payable in ten $20,000 annual payments, (c) interest payable of $15,000 on the mortgage, and (d) accounts payable of $60,000. For each obligation, indicate whether it should be classified as a current liability, noncurrent liability, or both.
3-Compute and record sales taxes payable.
(LO 3)AP
Bluestem Supply does not segregate sales and sales taxes at the time of sale. The register total for March 16 is $10,388. All sales are subject to a 6% sales tax. Compute sales taxes payable and make the entry to record sales taxes payable and sales.
4-Prepare entries for unearned revenues.
(LO 3), AP
Washburn University sells 3,500 season basketball tickets at $80 each for its 10-game home schedule. Give the entry to record (a) the sale of the season tickets and (b) the revenue recognized after playing the first home game.
10-Prepare journal entries for bonds issued at face value.
(LO 5), AP
Rooney Corporation issued 3,000 7%, 5-year, $1,000 bonds dated January 1, 2014, at face value. Interest is paid each January 1.
(a)
Prepare the journal entry to record the sale of these bonds on January 1, 2014.
(b)
Prepare the adjusting journal entry on December 31, 2014, to record interest expense.
(c)
Prepare the journal entry on January 1, 2015, to record interest paid.
13-Prepare liabilities section of balance sheet.
(LO 7), AP
Presented here are liability items for Desmond Inc. at December 31, 2014. Prepare the liabilities section of Desmond's balance sheet.
Accounts payable
$157,000
Notes payable (due May 1, 2015)
20,000
Bonds payable (due 2018)
900,000
Unearned rent revenue
240,000
Discount on bonds payable
41,000
FICA taxes payable
$7,800
Interest payable
40,000
Notes payable (due 2016)
80,000
Income taxes payable
3,500
Sales taxes payable
1,700
2-Prepare entries for interest-bearing notes.
(LO 2), AP
On May 15, Criqui Outback Clothiers borrowed some money on a 4-month note to provide cash during the slow season of the year. The interest rate on the note was 8%. At the time the note was due, the amount of interest owed was $480.
Instructions
(a)
Determine the amount borrowed by Criqui.
(b)
Assume the amount borrowed was $18,500. What was the interest rate if the amount of interest owed was $555?
(c)
Prepare the entry for the initial borrowing and the repayment for the facts in part (a).
3-Prepare entries for interest-bearing notes.
(LO 2), AP
On June 1, Fancher Company Ltd. borrows $60,000 from First Bank on a 6-month, $60,000, 8% note. The note matures on December 1.
Instructions
(a)
Prepare the entry on June 1.
(b)
Prepare the adjusting entry on June 30.
(c)
Prepare the entry at maturity (December 1), assuming monthly adjusting entries have been made through November 30.
5-Journalize payroll entries.
(LO 3), AP
...
On January 1, 20XI, Parent Company acquired 80 of the common stock .pdf
On January 1, 20XI, Parent Company acquired 80% of the common stock of Subsidiary
Company for $750,000. On this date, Subsidiary had total owners equity of $540,000
Any excess of cost over book value is attritbutable to land, undervalued $197,500 and to
goodwill.
During 20XI and 20X2, Parent has appropriately accounted for its investment in Subsidiary
using the simple equity method.
On January 1, 20X2, Parent held merchandise acquired from Subsidiary for $10,000. During
20X2, Subsidiary sold merchandise to Parent for $100,000, of which $20,000 is held by Parent
on December 31, 20X2. Subsidiary usual gross profit on affiliated sales is 40%.
On Dcember 31, 20X2, Parent still owes Subsidiary $20,000 for merchandise acquired in
December of 20X2.
On January 1, 20X2, Parent sold to Subsidiary some equipment with a cost of $50,000 and a
book value of $20,000. The sales price was $40,000, Subsidiary uses the equipment in its
business and is depreciating the equipment over a fire year life, assuming no salvage value and
using the straight line method.
****Prepare the Determenation and Distribution Schedule as of the Date of Acquisiton, 1/1/X1,
Please Use Good Form!!
Solution
Since it is given that Parent Company acquired 80% of the common stock of Subsidiary
Company for $750,000. & Subsidiary had total owners equity of $540,000 & it is also given that
excess of cost over book value is attritbutable to land, undervalued $197,500 and balance to
goodwill
therefore following is the distributionParticularsAmountInvestment as 1st Jan 20x1
7,50,000DistributionCommon Stock (80%) 4,32,000Revalution of Land
1,97,500Goodwill (Balance) 1,20,500.
Remaining Time 31 minutes, 22 seconds QUESTION 1 Question Completion.pdf
Remaining Time: 31 minutes, 22 seconds QUESTION 1 Question Completion Status
REQUIRED: 1 During 2018, Stephenson experienced the following transactions relating to its
investment in stock: 6/1 Stephenson purchased 700 shares of Dawe common share for $14,600
9/1 11/1 12/30 Dawe paid cash dividends, $1/share Stephenson sold 20% of the Dave shares for
$6,300 in total. Dawe paid cash dividends, $.50/share >>Present the journal entries for the
transaction on the books of Stephenson. REQUIRED: 2. Sherollyn Company invested in two
companies in 2020 These company are Bamco Company and KingFeco Industries, Inc. Facts
about both investments are as follows: FV/share at 12/31 Income of Investee %Holding 40%
7.5% #0f shares Held 30,000 15,000 Cost/share 511 $13 Investee $11.50 $14.75 $80,000
$122,000 Bamco KingFeco In addition, Bamco paid $60,000 in total cash dividends in 2020
KingFeco paid a $30,000 total cash dividend in 2020 >>Prepare ALL 2020 required journal
entries for both investments on the books of Sherrollyn Company REQUIRED: Juli e Company
pu chased bonds with a total face value $900,000 f om K pple Company on February 1 2018 at
100 quote The bonds are 9% 51,000 bonds 3. and pay interest every February 1 The bonds are a
trading security on Julie\'s books. On December 31, the bonds have a market value reflecting a
97 quote. >>Present ALL iournal entries related to the bond investment reauired by Jullie in
2018 December 31 is fiscal year en Click Save and Submit to save and submit. Click Save All
Answers to save all answers
Solution
SOLUTION
Question -1DateAccount titles and ExplanationDebit ($)Credit ($)6/1Investment in
Stock14,600Common shares14,600(To record purchase of shares)9/1Dividend (700 *
$1)700Cash700(To record payment of dividend)11/1Cash6,300Investment in shares6,300(To
record sales of Dawe shares)12/30Dividends280Cash (700 * 80% * $0.50)280(To record
payment of dividend).
Sonya Jared opened a law office on July 1 2022 On July 31.pdf
Sonya Jared opened a law office on July 1, 2022. On July 31, the balance sheet showed Cash
$5,000, Accounts Receivable $1,500, Supplies $500, Equipment $6,000, Accounts Payable
$4,200, and Owner's Capital $8,800. During August, the following transactions
occurred.
1. Collected $1,200 of accounts receivable.
2. Paid $2.800 cash on accounts payable.
3. Recognized revenue of $7,500 of which $4,000 is collected in cash and the balance is due in
September.
4. Purchased additional equipment for $2,000, paying $400 in cash and the balance on account.
5. Paid salaries $2.800, rent for August $900, and advertising expenses $400.
6. Withdrew $700 in cash for personal use.
7. Received $2,000 from Standard Federal Bank-money borrowed on a note payable.
8. Incurred utility expenses for month on account $270.
Prepare a balance sheet at August 31. (List Assets in order of liquidity.)
Prepare a balance sheet at August 31. (List Assets in order of liquidity.) SONYA JARED,
ATTORNEY AT LAW Balance Sheet Assets $ $ Liabilities and Owner's Equity $.
Mary Dvorak organized Mullin Enterprises, Inc., in January 2019. .pdf
Mary Dvorak organized Mullin Enterprises, Inc., in January 2019. The corporation immediately
issued at $10 per share on half of its 400,000 authorized shares of $2 par value common stock.
On January 2, 2020, the corporation sold at par value the entire 5,000 authorized shares of 6
percent, $20 par value cumulative preferred stock. On January 2, 2021, the company again
needed capital and issued 3,400 shares of an authorized 14,000 shares of no-par cumulative
preferred stock for a total of $425,000. The no-par shares have a stated dividend of $8 per share.
The company declared no dividends in 2019 and 2020. At the end of 2020, its retained earnings
were $280,000. During 2021 and 2022 combined, the company earned a total net income of
$875,000. Dividends of 75 cents per share in 2021 and \$1.25 per share in 2022 were paid on
common stock.
1. Prepare the stockholders' equity section of the balance sheet on December 31, 2022. Include a
supporting schedule showing your computation of retained earnings at the balance sheet date.
(Hint: Income increases retained earnings, whereas dividends decrease retained earnings). Ensure
that your partial balance sheet is labeled correctly and uses the correct format for the
stockholders' equity section of the balance sheet. 2. Assume that on January 2,2020, the
corporation could have borrowed $100,000 at 10 percent interest on a long-term basis instead of
issuing the 5,000 shares of the $20 par value cumulative preferred stock. Identify two reasons a
corporation may choose to issue cumulative preferred stock rather than finance operations with
long-term debt..
Question 1 30 pointsOn December 31, 2014, Frick Incorporate.docx
Question
1: 30% points:
On December 31, 2014, Frick Incorporated, had the following balances (all balances are normal):
Accounts
Amount
Preferred Stock, ($100 par value, 5% noncumulative, 50,000 shares authorized, 10,000 shares issued and outstanding)
$1,000,000
Common Stock ($10 par value, 200,000 shares authorized, 100,000 shares issued and outstanding)
$1,000,000
Paid-in Capital in Excess of par, Common
150,000
Retained Earnings
700,000
The following events occurred during 2014 and were not recorded:
a. On January 1, Frick declared a 5% stock dividend on its common stock when the market value of the common stock was $15 per share. Stock dividends were distributed on January 31 to shareholders as of January 25.
b. On February 15, Frick reacquired 1,000 shares of common stock for $20 each.
c. On March 31, Frick reissued 250 shares of treasury stock for $25 each.
d. On July 1, Frick reissued 500 shares of treasury stock for $16 each.
e. On October 1, Frick declared full year dividends for preferred stock and $1.50 cash dividends for outstanding shares and paid shareholders on October 15.
f. One December 15, Frick split common stock 2 shares for 1.
g. Net Income for 2014 was $275,000.
Requirements
:
a.
Prepare journal entries for the transactions listed above. (hint:
one entry for each a through g and keep track of how each entry affects the stockholders’ equity section so you can move on the part b of this question.)
b.
Prepare a Stockholders' section
of a classified balance sheet as of December 31, 2014.
Question
2: 5% points:
On January 1, 2014, Frick Company purchased 10,000 shares of the stock of Floozy, and did obtain significant influence. The investment is intended as a long-term investment. The stock was purchased for $90,000, and represents a 30% ownership stake. Floozy made $25,000 of net income in 2014, and paid dividends of $10,000. The price of Floozy's stock increased from $10 per share at the beginning of the year, to $12 per share at the end of the year.
Requirements:( Hint: Recall the equity method used when one company buys another company)
a.
Prepare the January 1 & December 31 general journal entries for Frick Company.
b.
How much should the Frick Company report on the balance sheet for the investment in Floozy as the end of 2014
Question
3: 15% points
:
The following is selected information from Flip Company for the fiscal years ended December 31, 2014: Flip Company had net income of $1,225,000. Depreciation was $500,000, purchases of plant assets were $1,250,000, and disposals of plant assets for $500,000 resulted in a $50,000 gain. Stock was issued in exchange for an outstanding note payable of $725,000. Accounts receivable decreased by $25,000. Accounts payable decreased by $40,000. Dividends of $300,000 were paid to shareholders. Flip Company had interest expense of $50,000. Cash balance on January 1, 2014 was $250,000.
Requirements:
Prepare Flip Company's statement of cash flows f.
Accounting Nov dec-2010
This document outlines the structure and requirements of a financial accounting exam. It includes 7 questions that assess understanding of accounting concepts like the bases of accounting, true and fair view, not-for-profit entities, substance over form, and accounting standards. It also includes 4 case studies requiring the application of IFRS/IAS standards to issues like asset revaluation, land sales, foreign exchange gains/losses, and consolidated financial statements. The final section provides incomplete financial records for a company and requires the candidate to prepare full financial statements in accordance with accounting principles.
Repaying a Loan While Mary Corens was a student at the Unive.pdf
Repaying a Loan While Mary Corens was a student at the University of Tennessee, she borrowed
$11,000 in student loans at an annuar internt rate of aw. If Mar mepan $1,600 per year, then how
long (to the nearest year) will it take her to repay the loan? Do not round intermediate caleuiations.
Raund yeur arswer io the nearest whole number. year(s).
Research and Review of the Culture or Subcultures Written .pdf
Research and Review of the Culture or Subcultures Written, Verbal, and Nonverbal
Communication Styles Review the styles of written, verbal, and nonverbal communications used
within your chosen culture or subculture. Your reasoning must be supported by your review and
analysis or arguments of current and viable sources. Each of the methods of communication must
be treated separately in your paper. Your submission must be a minimum of two pages in length,
although you should not limit the thoroughness of your research and discussion based on this
minimum requirement. For example, find source documents that describe a culture or subculture
of your choice. If selection is Mongolians, then you would want to find sources on how in
Baocheng, they trade livestock: what currency is used? How do they determine a fair trade or
price? What language is used: Mandarin, Oirat or Burat? Once you have multiple sources, then
you can complete Sections II and III. Adhere to APA Style (7th ed.) when constructing this
assignment, including in-text citations and references for all sources that are used. Remember that
your readers must understand what writing comes from your brain and what information comes
from your sources. Use the following format for organizing your submission. Restate the issue
fully. Thoroughly identify courtesies, behaviors, and customs of the subcultures. Generally, no in-
text citations or sources are needed for this section. After you have completed your research,
document your findings as related to the issues identified above. Provide your readers with the
information and data (e.g., charts, graphs) to support your analysis and arguments. In this section,
you will need in-text citations and references, which should be formatted using APA Style (7th
ed.). Using the material presented in Section II, analyze and argue all possible sides of the
possible courtesies, behaviors, and customs as you feel are necessary. Focus on trying to make
good cases for choosing different solutions. Provide your readers with your recommendations and
conclusions. MCDONALDS IN CHINA.
What is the capital ratio of this institution higher than 1.pdf
What is the capital ratio of this institution? higher than 10% less than 10% 7% 10%In meeting a
$10 million dollar deposit withdrawal request, which action below is not feasible for this bank to
undertake? sell loans sell securities use reserves sell bank capital.
Vaka almas 3 Bireysel Davrann Temelleri Clarkston Indust.pdf
Vaka almas 3: Bireysel Davrann Temelleri
Clarkston Industries'de Farkl Alglar
Susan Harrington parmaklaryla masasnn zerinde ritim tutmaya devam etti. Gerek bir sorunu vard
ve bundan sonra ne yapacandan emin deildi. Jack Reed'e ok gveniyordu ama ofiste gvenen son
kiinin kendisi olduundan pheleniyordu. Belki de tm hikayeyi zihninde yeniden gzden geirirse zm
grebilirdi.
Susan, neredeyse yirmi yldr Clarkston Industries'de datm mdryd. Kanunla erken tanmas ve ksa bir
sre hapiste kalmas, drstln ve ok almann nemini fark etmesini salamt. Henry Clarkston, rekoruna
ramen ona bir ans vermiti ve Susan bundan en iyi ekilde yararlanmt. Artk irketin en saygn
yneticilerinden biriydi. Gemiini ok az kii biliyordu.
Susan, Jack Reed'i alt ay nce hapisten yeni karmt. Susan, Jack'in gemiini aklamaya alp bir ans
daha istediinde Jack'in nasl hissettiini anlamt. Susan, tpk Henry Clarkston'n ona verdii gibi, ona bu
ans vermeye karar verdi. Jack, ykleme rampasndaki bir ii hevesle kabul etti ve ok gemeden bir
kamyonu ekipteki herkes kadar hzl ykleyebilir hale geldi.
lk bata iler iyi gitmiti. Herkes Jack'ten holanyor gibiydi ve birka yeni arkada edindi. Susan yaklak iki
ay nce baka bir liman iisi czdannn kaybolduunu bildirdiinde belli belirsiz rahatsz olmutu. Bu konuda
Jack'le yzleti ve Jack onun endiesini anlayp ciddiyetle ama sakince masumiyetini iddia ettiinde
rahatlad. Susan, czdan birka gn sonra bulunduunda zellikle rahatlad.
Ancak geen hafta yaananlar ciddi bir skntya neden olmutu. lk olarak, yeni bir personel memuru,
alan dosyalarn gncellerken Jack'in gemiiyle ilgili kaytlara rastlamt. Katip, bilgilerin herkesin bildii bir
bilgi olduunu varsayarak birka alana Jack gibi eski hkmllere bir ans vermenin ne kadar iyi bir ey
olduundan bahsetmiti. Ertesi gn, muhasebeden biri kk kasada bir miktar parann eksik olduunu
kefetti. Baka bir ii, Jack'i ayn gn erken saatlerde mesai saatleri iinde ak olan ofis kasasnn
evresindeki alanda grdn iddia etti.
ou kii Jack'in hrsz olduunu varsayd. Czdan kaybolan ii bile Jack'in onu gerekten alm olabileceini
ancak sorgulandnda geri verdiini ileri srd. Birka alan Susan'a yaklam ve Jack'in kovulmasn talep
etmiti. Bu arada, Susan sorunu Jack'le tarttnda, Jack savunmaya gemi ve suratn asmt ve kk kasa
durumu hakknda paray aldn inkar etmek dnda ok az ey syledi.
Susan, hikayeyi yeniden dnmenin sorununu zmek iin ok az ey yaptn grnce dehete kapld. Jack'i
kovmal m? Kantlar, elbette tamamen ikinci derecedendi, ancak dier herkes olaylar olduka net
gryor gibiydi. Susan, Jack'i kovmazsa herkesin gvenini kaybedeceinden ve hatta baz insanlarn
kendi amalarn sorgulamaya balayabileceinden korkuyordu.
Vaka Sorular:
1. Bu vakadaki olaylar alg ve tutumlar asndan aklar. Kiilik bir rol oynar m?
2. Susan ne yapmal? Jack'i kovmal m yoksa ona bir ans daha vermeli mi?.
Question 2 a What are the four main sources of energy in t.pdf
Question 2 (a) What are the four main sources of energy in the solar system? [4] (b) Which of
these is presently responsible for the internal heat in (i) the Earth, (ii) Jupiters moon Io? [3] (c)
Venus is of a similar size to Earth, and its surface shows evidence of extensive volcanic activity.
Given that it has no moon and that its day is longer than its year, comment on the likely
contribution of these mechanisms to the heat in the planets interior. [10] (d) Jupiters satellite
Europa has an albedo of 0.64. Calculate its effective temperature, assuming that it is a perfect
black body. [6] (e) The actual mean surface temperature of Europa is about the same as its
effective temperature. Together with the high albedo, explain what this implies about its exterior.
[4].
The random variables X and Y have joint probability density .pdf
The random variables X and Y have joint probability density function f(x,y)={c(x+xy),0,0x2,0y4
otherwise Find the value of c. Give your answer to four decimal places..
Review the financial statements and preform the following ca.pdf
Review the financial statements and preform the following calculations and analysis:
i. Calculate the current ratio for the two balance sheets presented
ii. Calculate return on Assets for 2022 and 2021
iii. Calculate return on Equity for 2022 and 2021 iv. Calculate the Accounts Receivable turnover for
2022 and 2021
v. Calculate the days in A/R for 2022 and 2021
vi. Calculate the Inventory turnover for 2022 and 2021
vii. Calculate the days in Inventory for 2022 and 2021
viii. Prepare Common Size Balance Sheets for the two balance sheets presented
ix. Prepare Common Size Income Statements for the three income statements presented (you
may ignore the Statements of Comprehensive Income for this purpose).
As of ASSETS Current assets: LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities:
Revolving credit facility Accounts payable and accrued liabilities Current portion of deferred
revenue Total current liabilities Long-term liabilities: Long-term portion of deferred revenue Long-
term debt Other long-term liabilities Total long-term liabilities Commitments and contingencies
(Notes 8,12 and 18) Stockholders' equity: Preferred stock - $0.01 par value; authorized 400
shares, none issued or outstanding Common stock - $0.01 par value; authorized 600,000 shares;
issued and outstanding shares: 272,675 and 276,796 , respectively Treasury stock, at cost 56,485
shares and 52,363 shares, respectively Retained earnings Accumulated other comprehensive loss
Total stockholders' equity Total liabilities and stockholders' equityCONSOLIDATED INCOME
STATEMENTS For the three fiscal years ended December 31, 2022 (In thousands, except per
share amounts).
Geology Please answer all questions down Thank you Us.pdf
*Geology* Please answer all questions down. Thank you.
Use the color Geology of Texas Map provided in class to answer the following questions. 1. At
which of the following locations would you find the youngest rock? Amarillo Midland Houston
Dallas 2. What letters are used to represent the oldest rock? 3. What is the geologic age of this
rock? Precambrian Paleozoic Mesozoic Cenozoic 4. Which of the following is a possible absolute
age for this rock? 40m.265m.550m.1500my. 5. Dinosaurs lived during the Mesozoic Era. Which
location could have dinosaur fossits in rocks at the Earth's surface? Houston Midland Dallas
Corpus Christi 6. Observe the shape of the youngest units on the map (Qal). What is currently
depositing sediment at these locations? 7. Bryan is located on the Yegua formation. During which
geologic epoch did this form? Pliocene Miocene Oligocene Eocene 8. What is the age range of
this geologic period? 9. What letters represent the Yegua formation? 10. What is the name of the
Group to the east of the Yegua Formation? 11. Is this Group older or younger than the Yegua
Formation? Oider Younger 12. Do rocks become older or younger if you continue to the east?
Older Younger 13. If 1 is the older rock, which diagram could represent the subsurface geology of
this eastern portion of Texas?.
Son be ylda Kendall Toy irketinde retkenlik ve ii ball d.pdf
Son be ylda, Kendall Toy irketinde retkenlik ve ii ball dyor. Verimlilik artk o kadar dk ki, irketin
kurucusu ve bakan Dr. Helen Kendall, irketin gelecei iin endieleniyor. Bir makine mhendisi olan
Kendall, 1980 ylnda irketi kurduunda, iilerin ilerinde uzmanlaabilmeleri ve dolaysyla ok retken
olabilmeleri iin bir montaj hatt kurdu. alanlar, operasyonun ilk on ylnda olduka verimliydi. Ardndan,
yeni ie alnan birka gen alan, iin tekrarlayan, skc doasndan ikayet etmeye balad. O sralarda
Kendall retkenlikte bir d fark etmeye balad. Kendall, maan ok dk olduunu varsayd. ounun kocas
alan kadnlar olduu iin maan asl alanlar iin bir sorun olmadn dnyordu. Ancak, imdi yeni ie alnanlarn
daha gen, bekar olduunu ve daha fazla para kazanmak iin birkann ikinci ilerde altn grd. Bu, neden
bu kadar ok kiinin verimli alamayacak kadar yorgun grndn aklyor gibiydi. Kendall herkesin maana
yzde 20 zam yapmaya karar verdi. 75 alan olduu iin bu, bordro giderlerinde nemli bir art temsil
ediyordu. Yine de, iilerinin kar karya olduu ekonomik zorluklar kadar retkenlik konusunda da
endieliydi. Ayrca, mevcut iilerin taban cretini artrmann, daha fazla iiyi ie almaktan daha az maliyetli
olacan biliyordu. Maa artndan yaklak iki ay sonra Kendall, verimlilik seviyesinin artmadn kaydetti.
Aslnda, aslnda biraz dmt. Sorunu anlamasna ve zmesine yardmc olmak iin Dr. Kendall ile birlikte
almak zere bir danman olarak ie alndnz.
SORULAR:
Smithfield Medical Products firmas, kardiyovaskler endstri iin yksek kaliteli tbbi cihazlar
retmektedir. Kalp kateteri salamak iin byk cihaz firmasyla szlemeleri var. Orta yal i gc sendikal,
firmada uzun sredir grev yapyor ve ynetimle gergin ilikiler gemii var. Bununla birlikte, firma krsal bir
toplulukta yer aldndan, ciro dktr ve igcnn firmann baarsnda kazanlm bir kar vardr. Kurucunun
ayrca uzun sredir devam eden aile balar gz nne alndnda toplulua ball vardr. Smithfield imdiye
kadar yeterince performans gstermeyi baard, ancak endstri deiiyor. Firma u anda daha hzl bir
ekilde daha yksek hacimlere ihtiya duyan yeni bir mteriden ek taleplerle kar karya. Endstri kalite
standartlar da hzla ykseliyor. Smithfield, bu yeni basklara yant vermenin alternatif yollarn dnyor.
Bir seenek, lkenin baka bir yerinde yeni bir fabrika amaktr. Ancak, firmann kayda deer sermaye
yatrm, mevcut igcnn becerilerine yapt yatrm ve topluluk balar gz nne alndnda byle bir hareket
maliyetli olacaktr. O halde ynetimin kar karya olduu soru, mevcut i gcyle baarl bir ekilde rekabet
etmenin mmkn olup olmaddr. Firmann aka baz deiiklikler yapmas gerekiyor. Ancak ynetim, hem
hangi dnmlerin gerekli olduunu dnp hem de bunlar i gcne nasl sataca konusunda endieli.
Smithfield'n mterilerinin ihtiyalarn karlamak, retim biimini dntrmek ve i gcyle karlat zorluklar ele
almak iin nasl ilerleyebileceini tartn.
SORULAR:
McDowell Corporation, kimya endstrisinde saygn bir kurulutur ve son be ylda rekor baarlar elde
etmitir. irket ynetimi, organizasyonun boyutunu bytmeye ve corafi ayak izini artrmaya karar verdi.
QUESTION 14 Put the biochemical steps of T cell activation i.pdf
QUESTION 14
Put the biochemical steps of T cell activation in order
sustained activation and replication of the T lymphocytes maintained by the secretion of IL2
- 1. 2. 3. 4. 5. 6. 7. 8. 9. 10.
phosphorylation of immunoreceptor tyrosine-based activation motif
- 1. 2. 3. 4. 5. 6. 7. 8. 9. 10.
secretion of calcium from the endoplasmic reticulum
- 1. 2. 3. 4. 5. 6. 7. 8. 9. 10.
targeted cell death
- 1. 2. 3. 4. 5. 6. 7. 8. 9. 10.
phosphorylation and activation of phospholipase C-gamma 1
- 1. 2. 3. 4. 5. 6. 7. 8. 9. 10.
activation of leukocyte-specific tyrosine kinase
- 1. 2. 3. 4. 5. 6. 7. 8. 9. 10.
production and release of perforin and granulosin molecules, iL 2 and granzymes
- 1. 2. 3. 4. 5. 6. 7. 8. 9. 10.
altered gene expression by the action of nuclear factors such as NF-kB and AP-1
- 1. 2. 3. 4. 5. 6. 7. 8. 9. 10.
phosphorylation of zeta-chain-associated protein kinase 70
- 1. 2. 3. 4. 5. 6. 7. 8. 9. 10.
recognition of the MHC complex bound antigen by the TCR.
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The stockholders' equity accounts of Sheffield Corporation on January.pdf
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Question 1On December 31, 2014, Frick Incorporated, had the.docx
Question
1:
On December 31, 2014, Frick Incorporated, had the following balances (all balances are normal):
Accounts
Amount
Preferred Stock, ($100 par value, 5% noncumulative, 50,000 shares authorized, 10,000 shares issued and outstanding)
$1,000,000
Common Stock ($10 par value, 200,000 shares authorized, 100,000 shares issued and outstanding)
$1,000,000
Paid-in Capital in Excess of par, Common
150,000
Retained Earnings
700,000
The following events occurred during 2014 and were not recorded:
a. On January 1, Frick declared a 5% stock dividend on its common stock when the market value of the common stock was $15 per share. Stock dividends were distributed on January 31 to shareholders as of January 25.
b. On February 15, Frick reacquired 1,000 shares of common stock for $20 each.
c. On March 31, Frick reissued 250 shares of treasury stock for $25 each.
d. On July 1, Frick reissued 500 shares of treasury stock for $16 each.
e. On October 1, Frick declared full year dividends for preferred stock and $1.50 cash dividends for outstanding shares and paid shareholders on October 15.
f. One December 15, Frick split common stock 2 shares for 1.
g. Net Income for 2014 was $275,000.
Requirements
:
a.
Prepare journal entries for the transactions listed above.
b.
Prepare a Stockholders' section of a classified balance sheet as of December 31, 2014.
Question
2:
On January 1, 2014, Frick Company purchased 10,000 shares of the stock of Floozy, and did obtain significant influence.
The investment is intended as a long-term investment.
The stock was purchased for $90,000, and represents a 30% ownership stake.
Floozy made $25,000 of net income in 2014, and paid dividends of $10,000.
The price of Floozy's stock increased from $10 per share at the beginning of the year, to $12 per share at the end of the year.
Requirements
:
a.
Prepare the January 1 & December 31 general journal entries for Frick Company.
b.
How much should the Frick Company report on the balance sheet for the investment in Floozy as the end of 2014
Question
3:
The following is selected information from Flip Company for the fiscal years ended December 31, 2014: Flip Company had net income of $1,225,000.
Depreciation was $500,000, purchases of plant assets were $1,250,000, and disposals of plant assets for $500,000 resulted in a $50,000 gain.
Stock was issued in exchange for an outstanding note payable of $725,000.
Accounts receivable decreased by $25,000.
Accounts payable decreased by $40,000.
Dividends of $300,000 were paid to shareholders.
Flip Company had interest expense of $50,000. Cash balance on January 1, 2014 was $250,000.
Requirements
:
Prepare Flip Company's statement of cash flows for the year ended December 31, 2014 using the indirect method.
Question
4:
Frick Corporation had the following bond transactions during the fiscal year 2014:
a. On January 1: issued ten (10), $1,000 bonds at 102.
The 5-year bonds, is dated Janua.
The John Marshall Company Inc which provides consulting s.pdf
The John Marshall Company, Inc., which provides consulting services to major utility companies,
was formed on January 2 of this year. Transactions completed during the first year of operation
were as follows: January 2 - Issued 600,000 shares of stock for $10,300,000. January 10 -
Acquired equipment in exchange for $2,600,000 cash and a $5,100,000 note payable. The note is
due in ten years. February 1 - Paid $12,000 for a business insurance policy covering the two-year
period beginning on February 1. February 22 - Purchased $900,000 of supplies on account March
1 - Paid wages of $185,600 March 23 - Billed $2,810,000 for services rendered on account April 1
- Paid $120,000 of the amount due on the supplies purchased February 22. April 17 - Collected
$300,000 of the accounts receivable May 1 - Paid wages of $200,400. May 8 - Received and paid
bill for $96,000 for utilities. May 24 - Paid $44,000 for sales commissions. June 1 - Made the first
payment of 250,000 on the note issued January 10. The payment consisted of $50,000 interest
and $200,000 applied against the principal of the note. June 16 - Billed eustomers for $520,000 of
services rendered. June 30 - Collected $310,000 on accounts receivable. July 10 - Purchased
$150,000 of supplies on account. August 25 - Paid $155,000 for administrative expenses.
September 23 - Paid $31,000 for warehouse repairs. October 1 - Paid general wages of $91,000.
November 20 - Purchased supplies for $61,000 cash. December 15 - Collected $145,000 in
advance for services to be provided in December and January. December 30 - Declared and paid
a $55,000 dividend to shareholders.Assets: 101102CashAccountsreceivable 103 Supplies 104
Prepaid insurance 110 Equipment 112 Accumulated depreciation Liabilities: 201 Accounts payable
202 Unearned service revenue 203 Wages payable 210 Interest payable 220 Notes payable
Stockholders' Equity: 301 Common stock 310 Retained eamings 320 Dividends Revenues: 401
Service revenue Expenses: 5015025035045055065075105200ther:601Wageexpense
UtilityexpenseSellingexpenseAdministrativeexpenseRepairsexpenseInsuranceexpense
SuppliesexpenseDepreciationexpenseInterestexpenseIncomesummary1. Journalize the
transactions for the year. 2. Post the journal entries to a T account. 3. Prepare an unadjusted trial
balance as of December 31 . 4. Journalize and post adjusting entries to the T accounts based on
the following additional information: a. Eleven months of the insurance policy expired by the end of
the year. b. Depreciation for equipment is $410,000. c. The company provided $92,000 of services
related to the advance collection of December 15 . d. There are $545,000 of supplies on hand at
the end of the year. e. An additional $185,000 of interest has accrued on the note by the end of
the year. f. Marshall accrued wages of $215,000 at the end of the ear. 5. Prepare an adjusted trial
balance as of December 31 . 6. Prepare a single-step income statement and statement of retained
eamings for the year.
The John Marshall Company Inc which provides consulting s.pdf
The John Marshall Company, Inc., which provides consulting services to major utility companies,
was formed on January 2 of this year. Transactions completed during the first year of operation
were as follows: January 2 - Issued 600,000 shares of stock for $10,300,000. January 10 -
Acquired equipment in exchange for $2,600,000 cash and a $5,100,000 note payable. The note is
due in ten years. February 1 - Paid $12,000 for a business insurance policy covering the two-year
period beginning on February 1. February 22 - Purchased $900,000 of supplies on account March
1 - Paid wages of $185,600 March 23 - Billed $2,810,000 for services rendered on account April 1
- Paid $120,000 of the amount due on the supplies purchased February 22. April 17 - Collected
$300,000 of the accounts receivable May 1 - Paid wages of $200,400. May 8 - Received and paid
bill for $96,000 for utilities. May 24 - Paid $44,000 for sales commissions. June 1 - Made the first
payment of 250,000 on the note issued January 10. The payment consisted of $50,000 interest
and $200,000 applied against the principal of the note. June 16 - Billed eustomers for $520,000 of
services rendered. June 30 - Collected $310,000 on accounts receivable. July 10 - Purchased
$150,000 of supplies on account. August 25 - Paid $155,000 for administrative expenses.
September 23 - Paid $31,000 for warehouse repairs. October 1 - Paid general wages of $91,000.
November 20 - Purchased supplies for $61,000 cash. December 15 - Collected $145,000 in
advance for services to be provided in December and January. December 30 - Declared and paid
a $55,000 dividend to shareholders.Assets: 101102CashAccountsreceivable 103 Supplies 104
Prepaid insurance 110 Equipment 112 Accumulated depreciation Liabilities: 201 Accounts payable
202 Unearned service revenue 203 Wages payable 210 Interest payable 220 Notes payable
Stockholders' Equity: 301 Common stock 310 Retained eamings 320 Dividends Revenues: 401
Service revenue Expenses: 5015025035045055065075105200ther:601Wageexpense
UtilityexpenseSellingexpenseAdministrativeexpenseRepairsexpenseInsuranceexpense
SuppliesexpenseDepreciationexpenseInterestexpenseIncomesummary1. Journalize the
transactions for the year. 2. Post the journal entries to a T account. 3. Prepare an unadjusted trial
balance as of December 31 . 4. Journalize and post adjusting entries to the T accounts based on
the following additional information: a. Eleven months of the insurance policy expired by the end of
the year. b. Depreciation for equipment is $410,000. c. The company provided $92,000 of services
related to the advance collection of December 15 . d. There are $545,000 of supplies on hand at
the end of the year. e. An additional $185,000 of interest has accrued on the note by the end of
the year. f. Marshall accrued wages of $215,000 at the end of the ear. 5. Prepare an adjusted trial
balance as of December 31 . 6. Prepare a single-step income statement and statement of retained
eamings for the year.
Mary Dvorak organized Mullin Enterprises, Inc., in January 2019. The .pdf
Mullin Enterprises was organized in 2019 and issued common stock. In 2020, it issued preferred stock and again issued more preferred stock in 2021 to raise capital. Over 2021-2022, it earned a total of $918,000 in net income but paid some dividends. The question asks to prepare the stockholders' equity section of the balance sheet as of December 31, 2022 and identify two reasons why a company may choose preferred stock over long-term debt.
1-Identify whether obligations are current liabilities.(LO 1), C.docx
1-Identify whether obligations are current liabilities.
(LO 1), C
Linton Company has these obligations at December 31: (a) a note payable for $100,000 due in 2 years, (b) a 10-year mortgage payable of $200,000 payable in ten $20,000 annual payments, (c) interest payable of $15,000 on the mortgage, and (d) accounts payable of $60,000. For each obligation, indicate whether it should be classified as a current liability, noncurrent liability, or both.
3-Compute and record sales taxes payable.
(LO 3)AP
Bluestem Supply does not segregate sales and sales taxes at the time of sale. The register total for March 16 is $10,388. All sales are subject to a 6% sales tax. Compute sales taxes payable and make the entry to record sales taxes payable and sales.
4-Prepare entries for unearned revenues.
(LO 3), AP
Washburn University sells 3,500 season basketball tickets at $80 each for its 10-game home schedule. Give the entry to record (a) the sale of the season tickets and (b) the revenue recognized after playing the first home game.
10-Prepare journal entries for bonds issued at face value.
(LO 5), AP
Rooney Corporation issued 3,000 7%, 5-year, $1,000 bonds dated January 1, 2014, at face value. Interest is paid each January 1.
(a)
Prepare the journal entry to record the sale of these bonds on January 1, 2014.
(b)
Prepare the adjusting journal entry on December 31, 2014, to record interest expense.
(c)
Prepare the journal entry on January 1, 2015, to record interest paid.
13-Prepare liabilities section of balance sheet.
(LO 7), AP
Presented here are liability items for Desmond Inc. at December 31, 2014. Prepare the liabilities section of Desmond's balance sheet.
Accounts payable
$157,000
Notes payable (due May 1, 2015)
20,000
Bonds payable (due 2018)
900,000
Unearned rent revenue
240,000
Discount on bonds payable
41,000
FICA taxes payable
$7,800
Interest payable
40,000
Notes payable (due 2016)
80,000
Income taxes payable
3,500
Sales taxes payable
1,700
2-Prepare entries for interest-bearing notes.
(LO 2), AP
On May 15, Criqui Outback Clothiers borrowed some money on a 4-month note to provide cash during the slow season of the year. The interest rate on the note was 8%. At the time the note was due, the amount of interest owed was $480.
Instructions
(a)
Determine the amount borrowed by Criqui.
(b)
Assume the amount borrowed was $18,500. What was the interest rate if the amount of interest owed was $555?
(c)
Prepare the entry for the initial borrowing and the repayment for the facts in part (a).
3-Prepare entries for interest-bearing notes.
(LO 2), AP
On June 1, Fancher Company Ltd. borrows $60,000 from First Bank on a 6-month, $60,000, 8% note. The note matures on December 1.
Instructions
(a)
Prepare the entry on June 1.
(b)
Prepare the adjusting entry on June 30.
(c)
Prepare the entry at maturity (December 1), assuming monthly adjusting entries have been made through November 30.
5-Journalize payroll entries.
(LO 3), AP
...
On January 1, 20XI, Parent Company acquired 80 of the common stock .pdf
On January 1, 20XI, Parent Company acquired 80% of the common stock of Subsidiary
Company for $750,000. On this date, Subsidiary had total owners equity of $540,000
Any excess of cost over book value is attritbutable to land, undervalued $197,500 and to
goodwill.
During 20XI and 20X2, Parent has appropriately accounted for its investment in Subsidiary
using the simple equity method.
On January 1, 20X2, Parent held merchandise acquired from Subsidiary for $10,000. During
20X2, Subsidiary sold merchandise to Parent for $100,000, of which $20,000 is held by Parent
on December 31, 20X2. Subsidiary usual gross profit on affiliated sales is 40%.
On Dcember 31, 20X2, Parent still owes Subsidiary $20,000 for merchandise acquired in
December of 20X2.
On January 1, 20X2, Parent sold to Subsidiary some equipment with a cost of $50,000 and a
book value of $20,000. The sales price was $40,000, Subsidiary uses the equipment in its
business and is depreciating the equipment over a fire year life, assuming no salvage value and
using the straight line method.
****Prepare the Determenation and Distribution Schedule as of the Date of Acquisiton, 1/1/X1,
Please Use Good Form!!
Solution
Since it is given that Parent Company acquired 80% of the common stock of Subsidiary
Company for $750,000. & Subsidiary had total owners equity of $540,000 & it is also given that
excess of cost over book value is attritbutable to land, undervalued $197,500 and balance to
goodwill
therefore following is the distributionParticularsAmountInvestment as 1st Jan 20x1
7,50,000DistributionCommon Stock (80%) 4,32,000Revalution of Land
1,97,500Goodwill (Balance) 1,20,500.
Remaining Time 31 minutes, 22 seconds QUESTION 1 Question Completion.pdf
Remaining Time: 31 minutes, 22 seconds QUESTION 1 Question Completion Status
REQUIRED: 1 During 2018, Stephenson experienced the following transactions relating to its
investment in stock: 6/1 Stephenson purchased 700 shares of Dawe common share for $14,600
9/1 11/1 12/30 Dawe paid cash dividends, $1/share Stephenson sold 20% of the Dave shares for
$6,300 in total. Dawe paid cash dividends, $.50/share >>Present the journal entries for the
transaction on the books of Stephenson. REQUIRED: 2. Sherollyn Company invested in two
companies in 2020 These company are Bamco Company and KingFeco Industries, Inc. Facts
about both investments are as follows: FV/share at 12/31 Income of Investee %Holding 40%
7.5% #0f shares Held 30,000 15,000 Cost/share 511 $13 Investee $11.50 $14.75 $80,000
$122,000 Bamco KingFeco In addition, Bamco paid $60,000 in total cash dividends in 2020
KingFeco paid a $30,000 total cash dividend in 2020 >>Prepare ALL 2020 required journal
entries for both investments on the books of Sherrollyn Company REQUIRED: Juli e Company
pu chased bonds with a total face value $900,000 f om K pple Company on February 1 2018 at
100 quote The bonds are 9% 51,000 bonds 3. and pay interest every February 1 The bonds are a
trading security on Julie\'s books. On December 31, the bonds have a market value reflecting a
97 quote. >>Present ALL iournal entries related to the bond investment reauired by Jullie in
2018 December 31 is fiscal year en Click Save and Submit to save and submit. Click Save All
Answers to save all answers
Solution
SOLUTION
Question -1DateAccount titles and ExplanationDebit ($)Credit ($)6/1Investment in
Stock14,600Common shares14,600(To record purchase of shares)9/1Dividend (700 *
$1)700Cash700(To record payment of dividend)11/1Cash6,300Investment in shares6,300(To
record sales of Dawe shares)12/30Dividends280Cash (700 * 80% * $0.50)280(To record
payment of dividend).
Sonya Jared opened a law office on July 1 2022 On July 31.pdf
Sonya Jared opened a law office on July 1, 2022. On July 31, the balance sheet showed Cash
$5,000, Accounts Receivable $1,500, Supplies $500, Equipment $6,000, Accounts Payable
$4,200, and Owner's Capital $8,800. During August, the following transactions
occurred.
1. Collected $1,200 of accounts receivable.
2. Paid $2.800 cash on accounts payable.
3. Recognized revenue of $7,500 of which $4,000 is collected in cash and the balance is due in
September.
4. Purchased additional equipment for $2,000, paying $400 in cash and the balance on account.
5. Paid salaries $2.800, rent for August $900, and advertising expenses $400.
6. Withdrew $700 in cash for personal use.
7. Received $2,000 from Standard Federal Bank-money borrowed on a note payable.
8. Incurred utility expenses for month on account $270.
Prepare a balance sheet at August 31. (List Assets in order of liquidity.)
Prepare a balance sheet at August 31. (List Assets in order of liquidity.) SONYA JARED,
ATTORNEY AT LAW Balance Sheet Assets $ $ Liabilities and Owner's Equity $.
Mary Dvorak organized Mullin Enterprises, Inc., in January 2019. .pdf
Mary Dvorak organized Mullin Enterprises, Inc., in January 2019. The corporation immediately
issued at $10 per share on half of its 400,000 authorized shares of $2 par value common stock.
On January 2, 2020, the corporation sold at par value the entire 5,000 authorized shares of 6
percent, $20 par value cumulative preferred stock. On January 2, 2021, the company again
needed capital and issued 3,400 shares of an authorized 14,000 shares of no-par cumulative
preferred stock for a total of $425,000. The no-par shares have a stated dividend of $8 per share.
The company declared no dividends in 2019 and 2020. At the end of 2020, its retained earnings
were $280,000. During 2021 and 2022 combined, the company earned a total net income of
$875,000. Dividends of 75 cents per share in 2021 and \$1.25 per share in 2022 were paid on
common stock.
1. Prepare the stockholders' equity section of the balance sheet on December 31, 2022. Include a
supporting schedule showing your computation of retained earnings at the balance sheet date.
(Hint: Income increases retained earnings, whereas dividends decrease retained earnings). Ensure
that your partial balance sheet is labeled correctly and uses the correct format for the
stockholders' equity section of the balance sheet. 2. Assume that on January 2,2020, the
corporation could have borrowed $100,000 at 10 percent interest on a long-term basis instead of
issuing the 5,000 shares of the $20 par value cumulative preferred stock. Identify two reasons a
corporation may choose to issue cumulative preferred stock rather than finance operations with
long-term debt..
Question 1 30 pointsOn December 31, 2014, Frick Incorporate.docx
Question
1: 30% points:
On December 31, 2014, Frick Incorporated, had the following balances (all balances are normal):
Accounts
Amount
Preferred Stock, ($100 par value, 5% noncumulative, 50,000 shares authorized, 10,000 shares issued and outstanding)
$1,000,000
Common Stock ($10 par value, 200,000 shares authorized, 100,000 shares issued and outstanding)
$1,000,000
Paid-in Capital in Excess of par, Common
150,000
Retained Earnings
700,000
The following events occurred during 2014 and were not recorded:
a. On January 1, Frick declared a 5% stock dividend on its common stock when the market value of the common stock was $15 per share. Stock dividends were distributed on January 31 to shareholders as of January 25.
b. On February 15, Frick reacquired 1,000 shares of common stock for $20 each.
c. On March 31, Frick reissued 250 shares of treasury stock for $25 each.
d. On July 1, Frick reissued 500 shares of treasury stock for $16 each.
e. On October 1, Frick declared full year dividends for preferred stock and $1.50 cash dividends for outstanding shares and paid shareholders on October 15.
f. One December 15, Frick split common stock 2 shares for 1.
g. Net Income for 2014 was $275,000.
Requirements
:
a.
Prepare journal entries for the transactions listed above. (hint:
one entry for each a through g and keep track of how each entry affects the stockholders’ equity section so you can move on the part b of this question.)
b.
Prepare a Stockholders' section
of a classified balance sheet as of December 31, 2014.
Question
2: 5% points:
On January 1, 2014, Frick Company purchased 10,000 shares of the stock of Floozy, and did obtain significant influence. The investment is intended as a long-term investment. The stock was purchased for $90,000, and represents a 30% ownership stake. Floozy made $25,000 of net income in 2014, and paid dividends of $10,000. The price of Floozy's stock increased from $10 per share at the beginning of the year, to $12 per share at the end of the year.
Requirements:( Hint: Recall the equity method used when one company buys another company)
a.
Prepare the January 1 & December 31 general journal entries for Frick Company.
b.
How much should the Frick Company report on the balance sheet for the investment in Floozy as the end of 2014
Question
3: 15% points
:
The following is selected information from Flip Company for the fiscal years ended December 31, 2014: Flip Company had net income of $1,225,000. Depreciation was $500,000, purchases of plant assets were $1,250,000, and disposals of plant assets for $500,000 resulted in a $50,000 gain. Stock was issued in exchange for an outstanding note payable of $725,000. Accounts receivable decreased by $25,000. Accounts payable decreased by $40,000. Dividends of $300,000 were paid to shareholders. Flip Company had interest expense of $50,000. Cash balance on January 1, 2014 was $250,000.
Requirements:
Prepare Flip Company's statement of cash flows f.
Accounting Nov dec-2010
This document outlines the structure and requirements of a financial accounting exam. It includes 7 questions that assess understanding of accounting concepts like the bases of accounting, true and fair view, not-for-profit entities, substance over form, and accounting standards. It also includes 4 case studies requiring the application of IFRS/IAS standards to issues like asset revaluation, land sales, foreign exchange gains/losses, and consolidated financial statements. The final section provides incomplete financial records for a company and requires the candidate to prepare full financial statements in accordance with accounting principles.
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2. Susan ne yapmal? Jack'i kovmal m yoksa ona bir ans daha vermeli mi?.
Question 2 a What are the four main sources of energy in t.pdf
Question 2 (a) What are the four main sources of energy in the solar system? [4] (b) Which of
these is presently responsible for the internal heat in (i) the Earth, (ii) Jupiters moon Io? [3] (c)
Venus is of a similar size to Earth, and its surface shows evidence of extensive volcanic activity.
Given that it has no moon and that its day is longer than its year, comment on the likely
contribution of these mechanisms to the heat in the planets interior. [10] (d) Jupiters satellite
Europa has an albedo of 0.64. Calculate its effective temperature, assuming that it is a perfect
black body. [6] (e) The actual mean surface temperature of Europa is about the same as its
effective temperature. Together with the high albedo, explain what this implies about its exterior.
[4].
The random variables X and Y have joint probability density .pdf
The random variables X and Y have joint probability density function f(x,y)={c(x+xy),0,0x2,0y4
otherwise Find the value of c. Give your answer to four decimal places..
Review the financial statements and preform the following ca.pdf
Review the financial statements and preform the following calculations and analysis:
i. Calculate the current ratio for the two balance sheets presented
ii. Calculate return on Assets for 2022 and 2021
iii. Calculate return on Equity for 2022 and 2021 iv. Calculate the Accounts Receivable turnover for
2022 and 2021
v. Calculate the days in A/R for 2022 and 2021
vi. Calculate the Inventory turnover for 2022 and 2021
vii. Calculate the days in Inventory for 2022 and 2021
viii. Prepare Common Size Balance Sheets for the two balance sheets presented
ix. Prepare Common Size Income Statements for the three income statements presented (you
may ignore the Statements of Comprehensive Income for this purpose).
As of ASSETS Current assets: LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities:
Revolving credit facility Accounts payable and accrued liabilities Current portion of deferred
revenue Total current liabilities Long-term liabilities: Long-term portion of deferred revenue Long-
term debt Other long-term liabilities Total long-term liabilities Commitments and contingencies
(Notes 8,12 and 18) Stockholders' equity: Preferred stock - $0.01 par value; authorized 400
shares, none issued or outstanding Common stock - $0.01 par value; authorized 600,000 shares;
issued and outstanding shares: 272,675 and 276,796 , respectively Treasury stock, at cost 56,485
shares and 52,363 shares, respectively Retained earnings Accumulated other comprehensive loss
Total stockholders' equity Total liabilities and stockholders' equityCONSOLIDATED INCOME
STATEMENTS For the three fiscal years ended December 31, 2022 (In thousands, except per
share amounts).
Geology Please answer all questions down Thank you Us.pdf
*Geology* Please answer all questions down. Thank you.
Use the color Geology of Texas Map provided in class to answer the following questions. 1. At
which of the following locations would you find the youngest rock? Amarillo Midland Houston
Dallas 2. What letters are used to represent the oldest rock? 3. What is the geologic age of this
rock? Precambrian Paleozoic Mesozoic Cenozoic 4. Which of the following is a possible absolute
age for this rock? 40m.265m.550m.1500my. 5. Dinosaurs lived during the Mesozoic Era. Which
location could have dinosaur fossits in rocks at the Earth's surface? Houston Midland Dallas
Corpus Christi 6. Observe the shape of the youngest units on the map (Qal). What is currently
depositing sediment at these locations? 7. Bryan is located on the Yegua formation. During which
geologic epoch did this form? Pliocene Miocene Oligocene Eocene 8. What is the age range of
this geologic period? 9. What letters represent the Yegua formation? 10. What is the name of the
Group to the east of the Yegua Formation? 11. Is this Group older or younger than the Yegua
Formation? Oider Younger 12. Do rocks become older or younger if you continue to the east?
Older Younger 13. If 1 is the older rock, which diagram could represent the subsurface geology of
this eastern portion of Texas?.
Son be ylda Kendall Toy irketinde retkenlik ve ii ball d.pdf
Son be ylda, Kendall Toy irketinde retkenlik ve ii ball dyor. Verimlilik artk o kadar dk ki, irketin
kurucusu ve bakan Dr. Helen Kendall, irketin gelecei iin endieleniyor. Bir makine mhendisi olan
Kendall, 1980 ylnda irketi kurduunda, iilerin ilerinde uzmanlaabilmeleri ve dolaysyla ok retken
olabilmeleri iin bir montaj hatt kurdu. alanlar, operasyonun ilk on ylnda olduka verimliydi. Ardndan,
yeni ie alnan birka gen alan, iin tekrarlayan, skc doasndan ikayet etmeye balad. O sralarda
Kendall retkenlikte bir d fark etmeye balad. Kendall, maan ok dk olduunu varsayd. ounun kocas
alan kadnlar olduu iin maan asl alanlar iin bir sorun olmadn dnyordu. Ancak, imdi yeni ie alnanlarn
daha gen, bekar olduunu ve daha fazla para kazanmak iin birkann ikinci ilerde altn grd. Bu, neden
bu kadar ok kiinin verimli alamayacak kadar yorgun grndn aklyor gibiydi. Kendall herkesin maana
yzde 20 zam yapmaya karar verdi. 75 alan olduu iin bu, bordro giderlerinde nemli bir art temsil
ediyordu. Yine de, iilerinin kar karya olduu ekonomik zorluklar kadar retkenlik konusunda da
endieliydi. Ayrca, mevcut iilerin taban cretini artrmann, daha fazla iiyi ie almaktan daha az maliyetli
olacan biliyordu. Maa artndan yaklak iki ay sonra Kendall, verimlilik seviyesinin artmadn kaydetti.
Aslnda, aslnda biraz dmt. Sorunu anlamasna ve zmesine yardmc olmak iin Dr. Kendall ile birlikte
almak zere bir danman olarak ie alndnz.
SORULAR:
Smithfield Medical Products firmas, kardiyovaskler endstri iin yksek kaliteli tbbi cihazlar
retmektedir. Kalp kateteri salamak iin byk cihaz firmasyla szlemeleri var. Orta yal i gc sendikal,
firmada uzun sredir grev yapyor ve ynetimle gergin ilikiler gemii var. Bununla birlikte, firma krsal bir
toplulukta yer aldndan, ciro dktr ve igcnn firmann baarsnda kazanlm bir kar vardr. Kurucunun
ayrca uzun sredir devam eden aile balar gz nne alndnda toplulua ball vardr. Smithfield imdiye
kadar yeterince performans gstermeyi baard, ancak endstri deiiyor. Firma u anda daha hzl bir
ekilde daha yksek hacimlere ihtiya duyan yeni bir mteriden ek taleplerle kar karya. Endstri kalite
standartlar da hzla ykseliyor. Smithfield, bu yeni basklara yant vermenin alternatif yollarn dnyor.
Bir seenek, lkenin baka bir yerinde yeni bir fabrika amaktr. Ancak, firmann kayda deer sermaye
yatrm, mevcut igcnn becerilerine yapt yatrm ve topluluk balar gz nne alndnda byle bir hareket
maliyetli olacaktr. O halde ynetimin kar karya olduu soru, mevcut i gcyle baarl bir ekilde rekabet
etmenin mmkn olup olmaddr. Firmann aka baz deiiklikler yapmas gerekiyor. Ancak ynetim, hem
hangi dnmlerin gerekli olduunu dnp hem de bunlar i gcne nasl sataca konusunda endieli.
Smithfield'n mterilerinin ihtiyalarn karlamak, retim biimini dntrmek ve i gcyle karlat zorluklar ele
almak iin nasl ilerleyebileceini tartn.
SORULAR:
McDowell Corporation, kimya endstrisinde saygn bir kurulutur ve son be ylda rekor baarlar elde
etmitir. irket ynetimi, organizasyonun boyutunu bytmeye ve corafi ayak izini artrmaya karar verdi.
QUESTION 14 Put the biochemical steps of T cell activation i.pdf
QUESTION 14
Put the biochemical steps of T cell activation in order
sustained activation and replication of the T lymphocytes maintained by the secretion of IL2
- 1. 2. 3. 4. 5. 6. 7. 8. 9. 10.
phosphorylation of immunoreceptor tyrosine-based activation motif
- 1. 2. 3. 4. 5. 6. 7. 8. 9. 10.
secretion of calcium from the endoplasmic reticulum
- 1. 2. 3. 4. 5. 6. 7. 8. 9. 10.
targeted cell death
- 1. 2. 3. 4. 5. 6. 7. 8. 9. 10.
phosphorylation and activation of phospholipase C-gamma 1
- 1. 2. 3. 4. 5. 6. 7. 8. 9. 10.
activation of leukocyte-specific tyrosine kinase
- 1. 2. 3. 4. 5. 6. 7. 8. 9. 10.
production and release of perforin and granulosin molecules, iL 2 and granzymes
- 1. 2. 3. 4. 5. 6. 7. 8. 9. 10.
altered gene expression by the action of nuclear factors such as NF-kB and AP-1
- 1. 2. 3. 4. 5. 6. 7. 8. 9. 10.
phosphorylation of zeta-chain-associated protein kinase 70
- 1. 2. 3. 4. 5. 6. 7. 8. 9. 10.
recognition of the MHC complex bound antigen by the TCR.
Answer ALL questions Question 1 In a split tunnel configurat.pdf
Answer ALL questions
Question 1
In a split tunnel configuration, where is local traffic routed?
All traffic is routed through the Internet.
All local traffic is on your network.
All local traffic is denied at the VPN.
All traffic is routed onto the 0.0.0.0 subnet.
Question 2
How is time in the pfSense Lifetime box measured?
Days
Hours
Milliseconds
Seconds
Question 3
Why are specific values pre-selected as default values in pfSense?
These are the lowest value in each category.
These are the minimum values that together will allow deployment.
These are the most common values in pfSense deployments.
There are no pre-selected values in pfSense.
Question 4
In which layer does IPsec operate in the TCP/IP model?
Application
Internet
Network Access
Transport.
oktan semeli 1 ift girili muhasebe bir muhasebe sistemi.pdf
oktan semeli:
1. ift girili muhasebe bir muhasebe sistemidir:
A. Bu, her ilemi iki kez kaydeder.
B. Eit bor ve alacaklara sahip en az iki hesaptaki ilemlerin ve dier olaylarn etkilerini kaydeden.
C. Her ilemin iki veya daha fazla hesapta kaydedildii, ancak bu, kredi deil iki bor ierebilir.
D. Bu, yalnzca T-hesaplar kullanlyorsa kullanlabilir.
e. Her ilemin iki veya daha fazla hesab etkiledii ve kaydedildii, ancak bu, borlar deil iki krediyi
ierebilir.
2. Muhasebe sreci u ekilde balar:
A. Ticari ilemleri ve kaynak belgeleri analiz etme.
B. Mali tablolarn ve dier raporlarn hazrlanmas.
C. Ticari ilemlerin kaydedilen etkilerinin zetlenmesi.
D. Finansal bilgilerin karar vericilere sunumu.
3. Aadakilerden hangisi muhasebe denklemini tam olarak temsil etmez?
A. Varlklar Ykmllkler = Hissedarn zkaynaklar.
B. Varlklar Hissedar zkaynaklar = Ykmllkler.
C. Varlklar + Ykmllkler = Hissedarn zkaynaklar.
D. Varlklar = Ykmllkler + Hissedarn zkaynaklar.
4. Mali muhasebe bilgilerinin harici kullanclar, aadakilerin tmn ierir:
A. Bankaclar gibi bor verenler
B. IRS gibi devlet kurumlar
C. Bir iletmenin alanlar
D. Potansiyel yatrmclar
5. Net gelirde bir kazan
A. Varlklar eksi ykmllkler.
B. Gelirlerin giderleri amas.
C. Bir varlk.
D. Giderlerin gelirleri amas.
6. Brown Business Associates, Alacak Hesaplarndan 2.000 $ nakit tahsil etti. Bu ilemin muhasebe
denkleminde yanstld ekliyle etkileri unlardr:
A. Toplam varlklar azalr ve z sermaye artar.
B. Hem toplam aktifler hem de toplam ykmllkler azalr.
C. Toplam varlklar, toplam ykmllkler ve zkaynaklar deimez.
D. Hem toplam aktifler hem de zkaynaklar deimez ve ykmllkler artar.
e. Hem toplam ykmllkler hem de zkaynaklar artarken, toplam aktifler azalr.
7. Kapan kaytlarnda bu hesaplardan hangisi yer almaz?
A. Kamu hizmetleri gideri.
B. Kazanlan gelir cretleri.
C. Sigorta masraf.
F. denecek bor.
8. Consultants-R-US, hesaplarnn 5.000 $'n nakit olarak dedi. Bu ilemin muhasebe denklemine
etkileri ne olur?
A. Varlklar, 5.000$ art; ykmllkler, etkisi yok; z sermaye, 5.000 $ art.
B. Varlklar, 5.000 $ d; ykmllkler, 5.000 $ azalma; eitlik, etkisi yok.
C. Varlklar 5.000$ azalr; ykmllkler, 5.000 $ art; eitlik, etkisi yok.
D. Varlklar, etkisi yok; ykmllkler 5.000 $ azalma; z sermaye, 5.000 $ art.
9. Gelir uygun ekilde muhasebeletirilir:
A. Mterinin siparii alndnda.
B. Yalnzca ilem bir Alacak Hesab oluturursa.
C. Ne zaman kazanlr.
D. Sadece i biter bitmez deme alndnda.
10. Kapan kaytlarnda bu hesaplardan hangisi yer alr?
A. Temettler
B. denebilir hesaplar
C. ndemeli kiralama
D. muhafazakarlk
11. FOB Sevkiyat Noktas u anlama gelir:
A. Alc navlunu der.
B. Satc navlunu der.
C. Mallar gemide (FOB) cretsiz olarak alcnn yerine gnderilir.
D. Nakliye irketi navlunu der
12. Bir Srekli Envanter Sistemi, aadakiler hari tmn ierecektir:
A. Miktarn srekli kaytlar tutulur.
B. Satlan maln maliyetindeki bakiye, her zaman mterilere satlan maln maliyetine eittir.
C. Envanteri daha etkin bir ekilde ynetmeye yardmc olur ve bylece stokun tkenmesini nler.
D. Hen.
Harikalar Diyar ve Neverland komu lkelerdir Ancak bu iki .pdf
Harikalar Diyar ve Neverland komu lkelerdir. Ancak, bu iki lkedeki insanlar nemli lde farkllk
gsteriyor. Genel olarak Harikalar Diyar'ndaki insanlar risk almay sevmezler ve eitsizlie tahamml
edemezler. te yandan, Neverland'deki insanlar risk almay sever ve bir miktar eitsizlikle iyi
hissederler. Kltrel farkllklar cret sistemlerinde kendini gsteriyorsa,
1) kdeme dayal deme sistemlerinin yaygn olma olasl daha yksektir (1)______________ ve
2) bir kurulutaki en yksek cretli alann creti ile en dk cretli alann creti arasndaki orann
(2)______________ iinde daha dk olmas muhtemeldir.
(1) Harikalar Diyar, (2) Neverland
(1) Neverland, (2) Neverland
(1) Neverland, (2) Harikalar Diyar
(1) Harikalar Diyar, (2) Harikalar Diyar.
nternet hangi temel teknolojiye dayanmaktadr TCPIP HTM.pdf
nternet hangi temel teknolojiye dayanmaktadr?
TCP/IP, HTML ve HTTP
TCP/IP, HTTP ve paket anahtarlama
istemci/sunucu bilgi ilem, paket anahtarlama ve alar ve bilgisayarlar birbirine balamak iin iletiim
standartlarnn gelitirilmesi
istemci/sunucu bilgi ilem, paket anahtarlama ve HTTP
nternet hangi temel teknolojiye dayanmaktadr?
TCP/IP, HTML ve HTTP
TCP/IP, HTTP ve paket anahtarlama
istemci/sunucu bilgi ilem, paket anahtarlama ve alar ve bilgisayarlar birbirine balamak iin iletiim
standartlarnn gelitirilmesi
istemci/sunucu bilgi ilem, paket anahtarlama ve HTTP
nternet hangi temel teknolojiye dayanmaktadr?
TCP/IP, HTML ve HTTP
TCP/IP, HTTP ve paket anahtarlama
istemci/sunucu bilgi ilem, paket anahtarlama ve alar ve bilgisayarlar birbirine balamak iin iletiim
standartlarnn gelitirilmesi
istemci/sunucu bilgi ilem, paket anahtarlama ve HTTP
nternet hangi temel teknolojiye dayanmaktadr?
TCP/IP, HTML ve HTTP
TCP/IP, HTTP ve paket anahtarlama
istemci/sunucu bilgi ilem, paket anahtarlama ve alar ve bilgisayarlar birbirine balamak iin iletiim
standartlarnn gelitirilmesi
istemci/sunucu bilgi ilem, paket anahtarlama ve HTTP
nternet hangi temel teknolojiye dayanmaktadr?
TCP/IP, HTML ve HTTP
TCP/IP, HTTP ve paket anahtarlama
istemci/sunucu bilgi ilem, paket anahtarlama ve alar ve bilgisayarlar birbirine balamak iin iletiim
standartlarnn gelitirilmesi
istemci/sunucu bilgi ilem, paket anahtarlama ve HTTP.
Jacob Inc had the following balances and transactions durin.pdf
Jacob, Inc had the following balances and transactions during 2025 What is the amount of the
company's ending Merchandise inventory, as disclosed in the December 31,2025 balance sheet,
using the periodic weighted - average inventory costing method? (Round the unit costs to two
decimal places and total costs to the nearest dollar) A. $218 B. $704 C. $124 D. $87.
Match the following reproductive manipulations with their co.pdf
Match the following reproductive manipulations with their correct class of mechanism: Infanticide =
Cannibalism of young = Selective miscarriage = Brood size = Genomic imprinting = Seminal fluid
proteins =.
i iclok the icon to view the audit otichtives Requibemen.pdf
(i) iclok the icon to view the audit otichtives ) Requibement Specific Balance-Related Audit
Objective Management Assertion About Account Balances = a. there ere ne urrecsond
eecevvaties. b. Uncelectible acesints has been proulded for e. Fece ivables that ham become
roplecatio hare bess animen if 4. The tatal of he amauts on toe accounts receivicia istry ageses
whth the the frurieal halapidenta 9. M accourts os the hot arute harn the permal esurse of butiosi
and ane nol. due lrom related pories. h. Eans cupof at yearend is proper..
9 Most of the practiciag managers and their otganizations c.pdf
9. Most of the practiciag managers and their otganizations cultures beliexe, fully inplemeat, and
consistently adhere to a full-fledged HPWPs approach to management. True False 10. The
movement to not only recognixe, but also do something about the "Kisoaing-Doing Giap" is the
movement towards evidence-based management. Trae False 11. Most of the "acw management
practices" are essentially a readapted version of existing "old manageasent truths." True False 12.
The Ilawthorne studies were more a result of planncd study than a screndipitous discosery; True
False 13. The Hawthorne effect postulates that the increase in productivify can be attribured to the
special attention received by the participants. Trae False 14. Behavioral scicnce is almost as old
as the physical and biological sciences. Irae False 15. According to meta-analysis, if one study
shows that a managencnt technique doesait work and another study shows that in does, an
avcrage of those results is the best cstimate of how well that management practice works (or
dockil werk). Trae False 16. The experimental design of rescarch used in otganizational bchavior
is largely borrowed from sociology. Trae False 17. The primary ain of any research design,
edablishing a cause-and-effect relationshap, is accouplished theough the experimental design.
Trae False.
According to research by Rafael La Porta of Tuck School of B.pdf
According to research by Rafael La Porta of Tuck School of Business at Dartmouth and Andrei
Shleifer of Harvard University, in developing countries, the average firm in the informal sector, or
underground economy, employs 4 workers as opposed to 126 workers employed by the average
firm in the formal sector.
What is the informal sector, or underground economy?
A.
This is the part of the economy where production is heavily taxed by the government.
B.
This is the part of the economy characterized by the pollution and other negative externalities its
production creates.
C.
The informal sector, or underground economy, is when production occurs in other countries.
D.
The informal sector is the sector of the economy where production is concealed from the
government..
eski SSCBde Devlet planlamaclar retilmeye karar verdi Mal.pdf
eski SSCB'de Devlet planlamaclar retilmeye karar verdi. Malzemelerden, iilerden ve dier retim
faktrlerinden onlara pay ayrarak siparileri fabrikalara ilettiler. bu bir rnektir:
A. Pazar ekonomisi
B. irket
C. komuta ekonomisi
D. Hakem olarak hkmet
eski SSCB'de Devlet planlamaclar retilmeye karar verdi. Malzemelerden, iilerden ve dier retim
faktrlerinden onlara pay ayrarak siparileri fabrikalara ilettiler. bu bir rnektir:
A. Pazar ekonomisi
B. irket
C. komuta ekonomisi
D. Hakem olarak hkmet
A. Pazar ekonomisi
B. irket
C. komuta ekonomisi
D. Hakem olarak hkmet.
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of extensive research and worry. As the global community grapples with swift urbanization,
population expansion, and economic progress, the effects on natural ecosystems are becoming
more evident. A crucial element of this impact is the alteration of vegetation cover, which plays a
significant role in maintaining the ecological equilibrium of our planet.Land serves as the foundation for all human activities and provides the necessary materials for
these activities. As the most crucial natural resource, its utilization by humans results in different
'Land uses,' which are determined by both human activities and the physical characteristics of the
land.
The utilization of land is impacted by human needs and environmental factors. In countries
like India, rapid population growth and the emphasis on extensive resource exploitation can lead
to significant land degradation, adversely affecting the region's land cover.
Therefore, human intervention has significantly influenced land use patterns over many
centuries, evolving its structure over time and space. In the present era, these changes have
accelerated due to factors such as agriculture and urbanization. Information regarding land use and
cover is essential for various planning and management tasks related to the Earth's surface,
providing crucial environmental data for scientific, resource management, policy purposes, and
diverse human activities.
Accurate understanding of land use and cover is imperative for the development planning
of any area. Consequently, a wide range of professionals, including earth system scientists, land
and water managers, and urban planners, are interested in obtaining data on land use and cover
changes, conversion trends, and other related patterns. The spatial dimensions of land use and
cover support policymakers and scientists in making well-informed decisions, as alterations in
these patterns indicate shifts in economic and social conditions. Monitoring such changes with the
help of Advanced technologies like Remote Sensing and Geographic Information Systems is
crucial for coordinated efforts across different administrative levels. Advanced technologies like
Remote Sensing and Geographic Information Systems
9
Changes in vegetation cover refer to variations in the distribution, composition, and overall
structure of plant communities across different temporal and spatial scales. These changes can
occur natural.
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described clinical examination all orthopeadic conditions .
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Executive Directors Chat Leveraging AI for Diversity, Equity, and Inclusion
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ISO/IEC 27001, ISO/IEC 42001, and GDPR: Best Practices for Implementation and...
Denis is a dynamic and results-driven Chief Information Officer (CIO) with a distinguished career spanning information systems analysis and technical project management. With a proven track record of spearheading the design and delivery of cutting-edge Information Management solutions, he has consistently elevated business operations, streamlined reporting functions, and maximized process efficiency.
Certified as an ISO/IEC 27001: Information Security Management Systems (ISMS) Lead Implementer, Data Protection Officer, and Cyber Risks Analyst, Denis brings a heightened focus on data security, privacy, and cyber resilience to every endeavor.
His expertise extends across a diverse spectrum of reporting, database, and web development applications, underpinned by an exceptional grasp of data storage and virtualization technologies. His proficiency in application testing, database administration, and data cleansing ensures seamless execution of complex projects.
What sets Denis apart is his comprehensive understanding of Business and Systems Analysis technologies, honed through involvement in all phases of the Software Development Lifecycle (SDLC). From meticulous requirements gathering to precise analysis, innovative design, rigorous development, thorough testing, and successful implementation, he has consistently delivered exceptional results.
Throughout his career, he has taken on multifaceted roles, from leading technical project management teams to owning solutions that drive operational excellence. His conscientious and proactive approach is unwavering, whether he is working independently or collaboratively within a team. His ability to connect with colleagues on a personal level underscores his commitment to fostering a harmonious and productive workplace environment.
Date: May 29, 2024
Tags: Information Security, ISO/IEC 27001, ISO/IEC 42001, Artificial Intelligence, GDPR
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