SlideShare a Scribd company logo
Question 2
Wilco Corporation has the following account balances at
December 31, 2014.
Common stock, $5 par value
$510,000
Treasury stock
90,000
Retained earnings
2,340,000
Paid-in capital in excess of par—common stock
1,320,000
Prepare Wilco’s December 31, 2014, stockholders’ equity
section. (Enter account name only and do not provide
descriptive information.)
WILCO CORPORATION
Stockholders’ Equity
December 31, 2014
$
:
$
Question 4
Ravonette Corporation issued 300 shares of $10 par value
common stock and 100 shares of $50 par value preferred stock
for a lump sum of $13,500. The common stock has a market
price of $20 per share, and the preferred stock has a market
price of $90 per share.
Prepare the journal entry to record the issuance. (Round
answers to 0 decimal places, e.g., 1520. Credit account titles are
automatically indented when amount is entered. Do not indent
manually. If no entry is required, select "No Entry" for the
account titles and enter 0 for the amounts.)
Account Titles and Explanation
Debit
Credit
Question 5
The outstanding capital stock of Edna Millay Corporation
consists of 2,000 shares of $100 par value, 8% preferred,
and 5,000 shares of $50 par value common.
Assuming that the company has retained earnings of $90,000,
all of which is to be paid out in dividends, and that preferred
dividends were not paid during the 2 years preceding the current
year, state how much each class of stock should receive under
each of the following conditions.
(a) The preferred stock is noncumulative and nonparticipating.
(Round answers to 0 decimal places, e.g. $38,487.)
Preferred
Common
$
$
(b) The preferred stock is cumulative and nonparticipating.
(Round answers to 0 decimal places, e.g. $38,487.)
Preferred
Common
$
$
(c) The preferred stock is cumulative and participating. (Round
the rate of participation to 4 decimal places, e.g.1.4278%.
Round answers to 0 decimal places, e.g. $38,487.)
Preferred
Common
$
$
Matt Schmidt Company’s ledger shows the following balances
on December 31, 2014.
7% Preferred Stock—$10 par value, outstanding 20,000 shares
$ 200,000
Common Stock—$100 par value, outstanding 30,000 shares
3,000,000
Retained Earnings
630,000
Assuming that the directors decide to declare total dividends in
the amount of $366,000, determine how much each class of
stock should receive under each of the conditions stated below.
One year‘s dividends are in arrears on the preferred stock.
(a) The preferred stock is cumulative and fully participating.
(Round the rate of participation to 4 decimal places,
e.g.1.4278%. Round answers to 0 decimal places, e.g. $38,487.)
Preferred
Common
$
$
(b) The preferred stock is noncumulative and nonparticipating.
(Round answers to 0 decimal places, e.g. $38,487.)
Preferred
Common
$
$
(c) The preferred stock is noncumulative and is participating in
distributions in excess of a 10% dividend rate on the common
stock. (Round the rate of participation to 4 decimal places,
e.g.1.4278%. Round answers to 0 decimal places, e.g. $38,487.)
Preferred
Common
$
$
Warning
Don't show me this message again for the assignment
Ok
Cancel
On January 1, 2014, Barwood Corporation
granted 5,000 options to executives. Each option entitles the
holder to purchase one share of Barwood’s $5 par value
common stock at $50 per share at any time during the next 5
years. The market price of the stock is $65 per share on the date
of grant. The fair value of the options at the grant date is
$150,000. The period of benefit is 2 years.
Prepare Barwood’s journal entries for January 1, 2014, and
December 31, 2014 and 2015. (Credit account titles are
automatically indented when amount is entered. Do not indent
manually. If no entry is required, select "No Entry" for the
account titles and enter 0 for the amounts.)
Date
Account Titles and Explanation
Debit
Credit
1/1/14
12/31/14
12/31/15
Warning
Don't show me this message again for the assignment
Ok
Cancel
Rockland Corporation earned net income of $300,000 in 2014
and had 100,000 shares of common stock outstanding
throughout the year. Also outstanding all year was $800,000 of
10% bonds, which are convertible into 16,000 shares of
common. Rockland’s tax rate is 40 percent.
Compute Rockland’s 2014 diluted earnings per share. (Round
answer to 2 decimal places, e.g. $3.55.)
Diluted earnings per share
$
Warning
Don't show me this message again for the assignment
Ok
Cancel
Question 9
Ferraro, Inc. established a stock-appreciation rights (SAR)
program on January 1, 2014, which entitles executives to
receive cash at the date of exercise for the difference between
the market price of the stock and the pre-established price of
$20 on 5,000 SARs. The required service period is 2 years. The
fair value of the SARs are determined to be $4 on December 31,
2014, and $9 on December 31, 2015.
Compute Ferraro’s compensation expense for 2014 and 2015.
Ferraro’s compensation expense 2014
$
Ferraro’s compensation expense for 2015
$
Warning
Don't show me this message again for the assignment
Ok
Cancel
Garfield Company purchased, as a held-to-maturity investment,
$80,000 of the 9%, 5-year bonds of Chester Corporation for
$74,086, which provides an 11% return.
Prepare Garfield’s journal entries for (a) the purchase of the
investment, and (b) the receipt of annual interest and discount
amortization. Assume effective-interest amortization is used.
(Round answers to 0 decimal places, e.g. 1,225. Credit account
titles are automatically indented when amount is entered. Do
not indent manually. If no entry is required, select "No Entry"
for the account titles and enter 0 for the amounts.)
No.
Account Titles and Explanation
Debit
Credit
(a)
(b)
Arantxa Corporation made the following cash purchases of
securities during 2014, which is the first year in which Arantxa
invested in securities.
1.
On January 15, purchased 10,000 shares of Sanchez Company’s
common stock at $33.50 per share plus commission $1,980.
2.
On April 1, purchased 5,000 shares of Vicario Co.’s common
stock at $52 per share plus commission $3,370.
3.
On September 10, purchased 7,000 shares of WTA Co.’s
preferred stock at $26.50 per share plus commission $4,910.
On May 20, 2014, Arantxa sold 4,000 shares of Sanchez
Company’s common stock at a market price of $35 per share
less brokerage commissions, taxes, and fees of $3,850. The
year-end fair values per share were Sanchez $30, Vicario $55,
and WTA $28. In addition, the chief accountant of Arantxa told
you that Arantxa Corporation plans to hold these securities for
the long term but may sell them in order to earn profits from
appreciation in prices.
(a) Prepare the journal entries to record the above three security
purchases. (Round answers to 0 decimal places, e.g. 2,500.
Credit account titles are automatically indented when amount is
entered. Do not indent manually. If no entry is required, select
"No Entry" for the account titles and enter 0 for the amounts.)
No.
Date
Account Titles and Explanation
Debit
Credit
(1)
Jan. 15, 2014
(2)
Apr. 1, 2014
(3)
Sep. 10, 2014
(b) Prepare the journal entry for the security sale on May 20.
(Round answers to 0 decimal places, e.g. 2,500.Credit account
titles are automatically indented when amount is entered. Do
not indent manually. If no entry is required, select "No Entry"
for the account titles and enter 0 for the amounts.)
Date
Account Titles and Explanation
Debit
Credit
May 20, 2014
(c) Compute the unrealized gains or losses. (Round answer to 0
decimal places, e.g. 2,500.)
Unrealized
$
Prepare the adjusting entries for Arantxa on December 31, 2014.
(Round answers to 0 decimal places, e.g. 2,500. Credit account
titles are automatically indented when amount is entered. Do
not indent manually. If no entry is required, select "No Entry"
for the account titles and enter 0 for the amounts.)
Date
Account Titles and Explanation
Debit
Credit
Dec. 31, 2014
Question 12
The following are two independent situations.
Situation 1
Conchita Cosmetics acquired 10% of the 200,000 shares of
common stock of Martinez Fashion at a total cost of $13 per
share on March 18, 2014. On June 30, Martinez declared and
paid a $75,000 cash dividend. On December 31, Martinez
reported net income of $122,000 for the year. At December 31,
the market price of Martinez Fashion was $15 per share. The
securities are classified as available-for-sale.
Situation 2
Monica, Inc. obtained significant influence over Seles
Corporation by buying 30% of Seles’s 30,000 outstanding
shares of common stock at a total cost of $9 per share on
January 1, 2014. On June 15, Seles declared and paid a cash
dividend of $36,000. On December 31, Seles reported a net
income of $85,000 for the year.
Prepare all necessary journal entries in 2014 for both situations.
(Credit account titles are automatically indented when amount
is entered. Do not indent manually. If no entry is required,
select "No Entry" for the account titles and enter 0 for the
amounts.)
Date
Account Titles and Explanation
Debit
Credit
Conchita Cosmetics
March 18, 2014
June 30, 2014
Dec. 31, 2014
Monica, Inc
Jan. 1, 2014
June 15, 2014
Dec. 31, 2014
Parent Co. invested $1,000,000 in Sub Co. for 25% of its
outstanding stock. Sub Co. pays out 40% of net income in
dividends each year.
Use the information in the following T-account for the
investment in Sub to answer the following questions.
Investment in Sub Co.
1,000,000
110,000
44,000
(a) How much was Parent Co.’s share of Sub Co.’s net income
for the year?
Net income
$
(b) How much was Parent Co.’s share of Sub Co.’s dividends
for the year?
Dividends
$
(c) What was Sub Co.’s total net income for the year?
Total net income
$
(d) What was Sub Co.’s total dividends for the year?
Total Dividends
$
Jaycie Phelps Inc. acquired 20% of the outstanding common
stock of Theresa Kulikowski Inc. on December 31, 2013. The
purchase price was $1,200,000 for 50,000 shares. Kulikowski
Inc. declared and paid an $0.85 per share cash dividend on June
30 and on December 31, 2014. Kulikowski reported net income
of $730,000 for 2014. The fair value of Kulikowski’s stock was
$27 per share at December 31, 2014.
(a) Prepare the journal entries for Jaycie Phelps Inc. for 2013
and 2014, assuming that Phelps cannot exercise significant
influence over Kulikowski. The securities should be classified
as available-for-sale. (Credit account titles are automatically
indented when amount is entered. Do not indent manually. If no
entry is required, select "No Entry" for the account titles and
enter 0 for the amounts.)
Date
Account Titles and Explanation
Debit
Credit
Dec. 31, 2013
June 30, 2014
Dec. 31, 2014
(To record dividend.)
(To record fair value.)
(b) Prepare the journal entries for Jaycie Phelps Inc. for 2013
and 2014, assuming that Phelps can exercise significant
influence over Kulikowski. (Credit account titles are
automatically indented when amount is entered. Do not indent
manually. If no entry is required, select "No Entry" for the
account titles and enter 0 for the amounts.)
Date
Account Titles and Explanation
Debit
Credit
Dec. 31, 2013
June 30, 2014
Dec. 31, 2014
(To record dividend.)
(To record revenue.)
(c) At what amount is the investment in securities reported on
the balance sheet under each of these methods at December 31,
2014? What is the total net income reported in 2014 under each
of these methods?
Fair Value Method
Equity Method
Investment amount
$
$
Dividend revenue
Investment income (income statement)
Warning
Don't show me this message again for the assignment
Ok
Cancel
On January 2, 2014, Jones Company purchases a call option for
$300 on Merchant common stock. The call option gives Jones
the option to buy 1,000 shares of Merchant at a strike price of
$50 per share. The market price of a Merchant share is $50 on
January 2, 2014 (the intrinsic value is therefore $0). On March
31, 2014, the market price for Merchant stock is $53 per share,
and the time value of the option is $200.
(a) Prepare the journal entry to record the purchase of the call
option on January 2, 2014. (Credit account titles are
automatically indented when amount is entered. Do not indent
manually. If no entry is required, select "No Entry" for the
account titles and enter 0 for the amounts.)
Date
Account Titles and Explanation
Debit
Credit
Jan. 2, 2014
(b) Prepare the journal entries to recognize the change in the
fair value of the call option as of March 31, 2014. (Credit
account titles are automatically indented when amount is
entered. Do not indent manually. If no entry is required, select
"No Entry" for the account titles and enter 0 for the amounts.)
Date
Account Titles and Explanation
Debit
Credit
Mar. 31, 2014
(To record the time value change.)
Mar. 31, 2014
(To record the change in intrinsic value.)
(c) What was the effect on net income of entering into the
derivative transaction for the period January 2 to March 31,
2014?
Unrealized Holding
$
In 2014, Amirante Corporation had pretax financial income of
$168,000 and taxable income of $120,000. The difference is due
to the use of different depreciation methods for tax and
accounting purposes. The effective tax rate is 40%.
Compute the amount to be reported as income taxes payable at
December 31, 2014.
Income taxes payable at December 31, 2014
$
Question 17
Clydesdale Corporation has a cumulative temporary difference
related to depreciation of $580,000 at December 31, 2014. This
difference will reverse as follows: 2015, $42,000; 2016,
$244,000; and 2017, $294,000. Enacted tax rates are 34% for
2015 and 2016, and 40% for 2017.
Compute the amount Clydesdale should report as a deferred tax
liability at December 31, 2014.
Deferred tax liability at December 31, 2014
$
Warning
Don't show me this message again for the assignment
Ok
Cancel
At December 31, 2014, Fell Corporation had a deferred tax
liability of $680,000, resulting from future taxable amounts of
$2,000,000 and an enacted tax rate of 34%. In May 2015, a new
income tax act is signed into law that raises the tax rate to 40%
for 2015 and future years.
Prepare the journal entry for Fell to adjust the deferred tax
liability. (Credit account titles are automatically indented when
amount is entered. Do not indent manually.)
Account Titles and Explanation
Debit
Credit
Warning
Don't show me this message again for the assignment
Ok
Cancel
Lahey Corp. has three defined benefit pension plans as follows.
Pension Assets(at Fair Value)
Projected BenefitObligation
Plan X
$600,000
$500,000
Plan Y
900,000
720,000
Plan Z
550,000
700,000
How will Lahey report these multiple plans in its financial
statements?
Pension
$
Pension
$
Manno Corporation has the following information available
concerning its postretirement benefit plan for 2014.
Service cost
$40,000
Interest cost
47,400
Actual and expected return on plan assets
26,900
Compute Manno’s 2014 postretirement expense.
Postretirement expense 2014
$
Warning
Don't show me this message again for the assignment
Ok
Cancel
For 2014, Sampsell Inc. computed its annual postretirement
expense as $240,900. Sampsell’s contribution to the plan during
2014 was $180,000.
Prepare Sampsell’s 2014 entry to record postretirement expense.
(Credit account titles are automatically indented when amount
is entered. Do not indent manually.)
Account Titles and Explanation
Debit
Credit
Warning
Don't show me this message again for the assignment
Ok
Cancel
Wertz Construction Company decided at the beginning of 2014
to change from the completed-contract method to the
percentage-of-completion method for financial reporting
purposes. The company will continue to use the completed-
contract method for tax purposes. For years prior to 2014,
pretax income under the two methods was as follows:
percentage-of-completion $120,000, and completed-contract
$80,000. The tax rate is 35%.
Prepare Wertz’s 2014 journal entry to record the change in
accounting principle. (Credit account titles are automatically
indented when amount is entered. Do not indent manually. If no
entry is required, select "No Entry" for the account titles and
enter 0 for the amounts.)
Account Titles and Explanation
Debit
Credit
2014, Bailey Corporation discovered that equipment purchased
on January 1, 2012, for $50,000 was expensed at that time. The
equipment should have been depreciated over 5 years, with no
salvage value. The effective tax rate is 30%.
Prepare Bailey’s 2014 journal entry to correct the error. (Credit
account titles are automatically indented when amount is
entered. Do not indent manually. If no entry is required, select
"No Entry" for the account titles and enter 0 for the amounts.)
Account Titles and Explanation
Debit
Credit
At January 1, 2014, Beidler Company reported retained earnings
of $2,000,000. In 2014, Beidler discovered that 2013
depreciation expense was understated by $400,000. In 2014, net
income was $900,000 and dividends declared were $250,000.
The tax rate is 40%.
Prepare a 2014 retained earnings statement for Beidler
Company.
BEIDLER COMPANY
Retained Earnings Statement
For the Year Ended December 31, 2014
$
:
:
:
$
Warning
Don't show me this message again for the assignment
Ok
Cancel
Simmons Corporation owns stock of Armstrong, Inc. Prior to
2014, the investment was accounted for using the equity
method. In early 2014, Simmons sold part of its investment in
Armstrong, and began using the fair value method. In 2014,
Armstrong earned net income of $80,000 and paid dividends of
$95,000.
Prepare Simmons’s entries related to Armstrong’s net income
and dividends, assuming Simmons now owns 10% of
Armstrong’s stock. (Credit account titles are automatically
indented when amount is entered. Do not indent manually. If no
entry is required, select "No Entry" for the account titles and
enter 0 for the amounts.)
Account Titles and Explanation
Debit
Credit
Warning
Don't show me this message again for the assignment
Ok
Cancel
DiCenta Corporation reported net income of $270,000 in 2014
and had 50,000 shares of common stock outstanding throughout
the year. Also outstanding all year were 5,000 shares of
cumulative preferred stock, each convertible into 2 shares of
common. The preferred stock pays an annual dividend of $5 per
share. DiCenta’s tax rate is 40%.
Compute DiCenta’s 2014 diluted earnings per share. (Round
answer to 2 decimal places, e.g. $3.55.)
Diluted earnings per share
$
AMR Corporation (parent company of American Airlines)
reported the following for 2009 (in millions).
Service cost
$366
Interest on P.B.O.
737
Return on plan assets
593
Amortization of prior service cost
13
Amortization of net loss
154
Compute AMR Corporation’s 2011 pension expense.
Pension expense
$ millions
Warning
Don't show me this message again for the assignment
Ok
Cancel
For Warren Corporation, year-end plan assets were $2,000,000.
At the beginning of the year, plan assets were $1,780,000.
During the year, contributions to the pension fund were
$120,000, and benefits paid were $200,000.
Compute Warren’s actual return on plan assets.
Actual return on plan assets
$
Warning
Don't show me this message again for the assignment
Ok
Cancel
For 2012, Campbell Soup Company had pension expense of $73
million and contributed $71 million to the pension fund.
Prepare Campbell Soup Company’s journal entry to record
pension expense and funding. (Credit account titles are
automatically indented when amount is entered. Do not indent
manually. Enter amounts in millions. Ex: 10,000,000 is to be
imputed as 10, eliminating the 000,000.)
Account Titles and Explanation
Debit
Credit
Hillsborough Co. has an available-for-sale investment in the
bonds of Schuyler Corp. with a carrying (and fair) value of
$70,000. Hillsborough determined that due to poor economic
prospects for Schuyler, the bonds have decreased in value to
$60,000. It is determined that this loss in value is other-than-
temporary.
Prepare the journal entry, if any, to record the reduction in
value. (Credit account titles are automatically indented when
amount is entered. Do not indent manually. If no entry is
required, select "No Entry" for the account titles and enter 0 for
the amounts.)
Account Titles and Explanation
Debit
Credit
Warning
Don't show me this message again for the assignment
Ok
Cancel
1
6
Water Quality and Contamination
SCI 207: Dependence of Man on the Environment
ABSTRACT
Ground water is the biggest source of drinking water available
to human population around the world and is rapidly being
polluted because of industrialization and increasing demands of
agriculture around the world. A set of simple experiments were
done to find out what kind of changes do some of these
contaminants cause in ground water. Samples of tap water and
bottled water were also analyzed for safety. Chemicals like oil,
vinegar and soap cause turbidity, odor and color change in
water samples. Tap water is much safer to drink than bottled
water because it contains less contamination than bottles water.
INTRODUCTION
Ground water is present below the surface in porous rocks and
is susceptible to contamination by natural and especially human
related activities. Large amounts of chemicals like soap and
detergents, fertilizers and pesticides, pharmaceutical by-
products are discharged in to fresh water aquifers every day.
These contaminants leach in to the soil and dissolve in ground
water. Different contaminants have different rates of solubility
and degradation once they reach the underground water table
either by simple flow or by the downward movement of rain
water. The ground water may become contaminated with both
organic and inorganic substances especially heavy metals like
Cadmium, Chromium and Nickel, etc. (Christensen et al, 2001).
Pharmaceutical wastes can cause cancer in human cells. (Krifa
et al. 2013). Many pharmaceutically active chemicals reach
groundwater sources almost untreated and cause contamination.
(Herber, 2002). Increase in the emissions of carbon dioxide by
burning fossil fuels is the single largest cause of environmental
degradation resulting not only in global warming but also
causing acid rain which alters the pH of ground water. Water is
a universal solvent; however, its dissolving properties are very
sensitive to changes in temperature and pH. Global economic
growth has, unfortunately, resulted in high levels of carbon
dioxide emissions worldwide with the current annual rate at
3.3% from 1.3% in the last decade. (Canadell et al, 2007). The
demands of agricultural output have put a lot pressure on fresh
water sources. Rapid industrialization has led to huge increase
in the usage of ground water. The untreated industrial wastes
are released back in to rivers and streams causing further
pollution. Industrial units are the biggest users of ground water
today with a share of almost 22% of the total water supply
available in the aquifers. (Brown and Brian, 1998).
MATERIALS AND METHODS
Dry clean beakers of 50 cm3 capacity were filled with samples
of ground water. Each beaker contained 25 cm3 of water
sample. Nothing was added to the water sample in the first
beaker. 15 cm3 of oil cooking oil was added to the second water
sample. Same volume of commonly available vinegar was added
to the third sample and a pinch of commonly available laundry
detergent powder was added to the fourth water sample. Potting
soil was added to all other samples. The sixth sample contained
a mixture of soil and oil whereas the seventh water sample
contained. The last sample contained soil with detergent in
water. The experiment was carried out at room temperature and
pressure. Experiments were also carried out to measure the
difference in concentrations of ammonia, phosphates, chloride
etc. in bottled and tap water samples.
RESULTS
SAMPLE
CHANGES OBSERVED
COLOR
TRUBIDITY
ODOR
1
None
None
None
2
None
None, however, a layer of oil formed at the top
May have been blocked by the layer of oil
3
None
Slight, cloudy appearance
Typical vinegar smell
4
None
Slight, cloudy appearance with a thin layer of bubbles
None
5
Light brown color
Medium, suspended soil particles mostly at the top layers of
water
Typical potting soil smell detected
6
Light brown color
A shiny layer of oil at the top
Potting soil smell detected
7
Brownish grey
Slight
Typical vinegar smell detected
8
Brown
Dark fog like appearance
None
Ammonia Test Results
Water Sample
Test Results
Tap Water
0
Dasani® Bottled Water
0
Chloride Test Results
Water Sample
Test Results
Tap Water
0
Dasani® Bottled Water
500
Fiji® Bottled Water
500
Table 4: 4 in 1 Test Results
Water Sample
pH
Total Alkalinity
Total Chlorine
Total Hardness
Tap Water
7
40
1.0
0 - Soft
Dasani® Bottled Water
3
80
0
120
Fiji® Bottled Water
8
0
1.0
50
Phosphate Test Results
Water Sample
Test Results
Tap Water
10
Dasani® Bottled Water
0
Absence of any color or smell gave the water in sample 1 a
pleasing appearance. Although, it might not be absolutely pure,
this water sample might be safe enough to drink as it did not
show any unpleasant physical effects of contamination. Oil is
less dense than water so it formed a thick layer at the top in the
second water sample. This layer prevented any contact of air
with the surface of the water. No particular smell was noted. It
might be possible that the odor was blocked by the layer of oil
at the top. Vinegar is a colorless liquid and weakly acidic.
When vinegar was added to the third water sample it did not
cause any specific change in color, however, it did cause typical
vinegar smell making it a bit unpleasant. When vinegar was
added with potting soil in sample 7, however, the color of the
water changed to brownish grey. The color change may have
been due to the change in pH of the soil. Addition of detergent
in sample 4 resulted in the formation of bubbles because of
lowered surface tension of water. The dark fog like texture
observed in sample 8 might be due to dispersion of soil particles
within the water because of low surface tension. Analysis of the
tap water samples and bottled water samples clearly showed that
tap water is the cleanest source of drinking water since it
contains the least amount of contamination.
DISCUSSION
The addition of various chemicals affects the quality of drinking
water and alters its chemical composition. It is vital to regularly
check the level of different contaminants in ground water.
Series of experiments were carried out to check the type of
changes which occur in ground water when different
contaminants like oil and soap are added. As opposed to popular
belief, bottled water came up with more contamination than tap
water which proves that drinking tap water is much safer than
drinking bottled water. However, there are some aspects that
need detailed study like the effect of temperature on the
solubility of contaminants in water. A systematic study is also
needed to review the levels of contaminants in ground water at
different times of the day because humans are mostly active
during day time so the concentrations of contaminants must be
high during the day. However, this idea needs to be verified
through proper research. Study can also be carried out to review
the status of contaminants at different times of the year to
reveal any possible relation between the rate of leaching and
degradation and seasonal variation.
CONCLUSION
Series of experiments were carried out to check if how the
quality of drinking water changes when different contaminants
are added. Noticeable changes were observed in turbidity, color
and odor when oil, detergent and vinegar were added.
Experiments were also carried out to ascertain if bottled water
is safe for consumption as against tap water. The results were
totally unexpected because tap water turned out is far less
contaminated than bottled water. However, more systematic
research is needed to study the parameters of ground water
contamination.
REFERENCES
Canadel, J.G., Que’re’, C.L., […..] and Marland, G. 2007.
Contributions to accelerating atmospheric carbon dioxide
growth from economic activity, carbon intensity and effeiciency
if natural sinks. Proct Natl Acad Sci USA. 104(47): 18866-
18870.
Christensen TH, Kjeldsen P, Bjerg PL, Jensen DL, Christensen
JB, Baun A (2001). Biogeochemistry of landfill leachate
plumes. Appl. Geochem., 16: 659–718.
Esceincelabs.com (2012). Introduction to Science. Retrieved
from:
http://managedcourse.next.ecollege.com/pub/content/49a6ebcb-
6f67-4a76-a20a-
7c1f374dd49c/SCI207.W2.Laboratory.pdf
Herberer, T. (2002). Tracking persistent pharmaceutical
residues from municipal sewage to drinking water. J. Hydrol….
Industry to agriculture ratio from Lester R. Brown and Brian
Halweil, “China’s Water Shortage Could Shake World Food
Security,” World Watch, July/August 1998, 13; industrial share
of consumption from Sandra Postel, Dividing the Waters: Food
Security, Ecosystem Health, and the New Politics of Scarcity,
Worldwatch Paper 132 (Washington, DC: Worldwatch Institute,
September 1996), 14.
Krifa, M., Cherif, A., Barillier, D., Mosrati, R., Ghedira, L. &
Mansour, H. (2013). Human cell death in relation to DNA
damage after exposure to the untreated and biologically treated
pharmaceutical wastewater. Environmental Science and
Pollution Research.20(6),3836-3842.
Question 2Wilco Corporation has the following account balances a.docx

More Related Content

Similar to Question 2Wilco Corporation has the following account balances a.docx

Omit all general journal entry explanations.Be sure to include c.docx
Omit all general journal entry explanations.Be sure to include c.docxOmit all general journal entry explanations.Be sure to include c.docx
Omit all general journal entry explanations.Be sure to include c.docx
IlonaThornburg83
 
ACCT 220 FINAL EXAM SPRING 2016
ACCT 220 FINAL EXAM SPRING 2016ACCT 220 FINAL EXAM SPRING 2016
ACCT 220 FINAL EXAM SPRING 2016
SophiaMorgans
 
Omit all general journal entry explanations.Be sure to include cor.docx
Omit all general journal entry explanations.Be sure to include cor.docxOmit all general journal entry explanations.Be sure to include cor.docx
Omit all general journal entry explanations.Be sure to include cor.docx
cherishwinsland
 
ACC 421 GENIUS Introduction Education--acc421genius.com
ACC 421 GENIUS Introduction Education--acc421genius.comACC 421 GENIUS Introduction Education--acc421genius.com
ACC 421 GENIUS Introduction Education--acc421genius.com
claric276
 
ACC 421 Enhance teaching - tutorialrank.com
ACC 421  Enhance teaching - tutorialrank.comACC 421  Enhance teaching - tutorialrank.com
ACC 421 Enhance teaching - tutorialrank.com
LeoTolstoy05
 
Accounting 970642 paper 4 problem solving (supplementary topics) october nove...
Accounting 970642 paper 4 problem solving (supplementary topics) october nove...Accounting 970642 paper 4 problem solving (supplementary topics) october nove...
Accounting 970642 paper 4 problem solving (supplementary topics) october nove...
alproelearning
 
Acc 421 Inspiring Innovation--tutorialrank.com
Acc 421 Inspiring Innovation--tutorialrank.comAcc 421 Inspiring Innovation--tutorialrank.com
Acc 421 Inspiring Innovation--tutorialrank.com
PrescottLunt357
 
Acc 421 Teaching Effectively--tutorialrank.com
Acc 421 Teaching Effectively--tutorialrank.comAcc 421 Teaching Effectively--tutorialrank.com
Acc 421 Teaching Effectively--tutorialrank.com
Soaps68
 
ACC 421 Effective Communication/tutorialrank.com
 ACC 421 Effective Communication/tutorialrank.com ACC 421 Effective Communication/tutorialrank.com
ACC 421 Effective Communication/tutorialrank.com
jonhson170
 
ACC 421 GENIUS Education Planning--acc421genius.com
ACC 421 GENIUS Education Planning--acc421genius.comACC 421 GENIUS Education Planning--acc421genius.com
ACC 421 GENIUS Education Planning--acc421genius.com
Sunithalakra1
 
ACC 421 GENIUS Achievement Education--acc421genius.com
ACC 421 GENIUS Achievement Education--acc421genius.comACC 421 GENIUS Achievement Education--acc421genius.com
ACC 421 GENIUS Achievement Education--acc421genius.com
agathachristie175
 
ACC 421 GENIUS Inspiring Innovation--acc421genius.com
ACC 421 GENIUS Inspiring Innovation--acc421genius.comACC 421 GENIUS Inspiring Innovation--acc421genius.com
ACC 421 GENIUS Inspiring Innovation--acc421genius.com
williamwordsworth31
 
ACC 421 GENIUS Remember Education--acc421genius.com
ACC 421 GENIUS Remember Education--acc421genius.comACC 421 GENIUS Remember Education--acc421genius.com
ACC 421 GENIUS Remember Education--acc421genius.com
chrysanthemu6
 
Acct 221Final Exam Student NameQuestion 1 30 pointsa. .docx
Acct 221Final Exam Student NameQuestion 1 30 pointsa. .docxAcct 221Final Exam Student NameQuestion 1 30 pointsa. .docx
Acct 221Final Exam Student NameQuestion 1 30 pointsa. .docx
nettletondevon
 
ACC 421 GENIUS Become Exceptional--acc421genius.com
ACC 421 GENIUS Become Exceptional--acc421genius.comACC 421 GENIUS Become Exceptional--acc421genius.com
ACC 421 GENIUS Become Exceptional--acc421genius.com
kopiko120
 
ACC 421 GENIUS Education for Service--acc421genius.com
ACC 421 GENIUS Education for Service--acc421genius.comACC 421 GENIUS Education for Service--acc421genius.com
ACC 421 GENIUS Education for Service--acc421genius.com
kopiko56
 
Acc 421 Effective Communication-snaptutorial.com
Acc 421 Effective Communication-snaptutorial.comAcc 421 Effective Communication-snaptutorial.com
Acc 421 Effective Communication-snaptutorial.com
jhonklinz1
 
ACC 421 Education Organization / snaptutorial.com
ACC 421	Education Organization / snaptutorial.comACC 421	Education Organization / snaptutorial.com
ACC 421 Education Organization / snaptutorial.com
McdonaldRyan29
 
ACC 421 Expect Success/newtonhelp.com
ACC 421 Expect Success/newtonhelp.comACC 421 Expect Success/newtonhelp.com
ACC 421 Expect Success/newtonhelp.com
myblue005
 
ACC 421 Enhance teaching / snaptutorial.com
ACC 421 Enhance teaching / snaptutorial.com ACC 421 Enhance teaching / snaptutorial.com
ACC 421 Enhance teaching / snaptutorial.com
donaldzs47
 

Similar to Question 2Wilco Corporation has the following account balances a.docx (20)

Omit all general journal entry explanations.Be sure to include c.docx
Omit all general journal entry explanations.Be sure to include c.docxOmit all general journal entry explanations.Be sure to include c.docx
Omit all general journal entry explanations.Be sure to include c.docx
 
ACCT 220 FINAL EXAM SPRING 2016
ACCT 220 FINAL EXAM SPRING 2016ACCT 220 FINAL EXAM SPRING 2016
ACCT 220 FINAL EXAM SPRING 2016
 
Omit all general journal entry explanations.Be sure to include cor.docx
Omit all general journal entry explanations.Be sure to include cor.docxOmit all general journal entry explanations.Be sure to include cor.docx
Omit all general journal entry explanations.Be sure to include cor.docx
 
ACC 421 GENIUS Introduction Education--acc421genius.com
ACC 421 GENIUS Introduction Education--acc421genius.comACC 421 GENIUS Introduction Education--acc421genius.com
ACC 421 GENIUS Introduction Education--acc421genius.com
 
ACC 421 Enhance teaching - tutorialrank.com
ACC 421  Enhance teaching - tutorialrank.comACC 421  Enhance teaching - tutorialrank.com
ACC 421 Enhance teaching - tutorialrank.com
 
Accounting 970642 paper 4 problem solving (supplementary topics) october nove...
Accounting 970642 paper 4 problem solving (supplementary topics) october nove...Accounting 970642 paper 4 problem solving (supplementary topics) october nove...
Accounting 970642 paper 4 problem solving (supplementary topics) october nove...
 
Acc 421 Inspiring Innovation--tutorialrank.com
Acc 421 Inspiring Innovation--tutorialrank.comAcc 421 Inspiring Innovation--tutorialrank.com
Acc 421 Inspiring Innovation--tutorialrank.com
 
Acc 421 Teaching Effectively--tutorialrank.com
Acc 421 Teaching Effectively--tutorialrank.comAcc 421 Teaching Effectively--tutorialrank.com
Acc 421 Teaching Effectively--tutorialrank.com
 
ACC 421 Effective Communication/tutorialrank.com
 ACC 421 Effective Communication/tutorialrank.com ACC 421 Effective Communication/tutorialrank.com
ACC 421 Effective Communication/tutorialrank.com
 
ACC 421 GENIUS Education Planning--acc421genius.com
ACC 421 GENIUS Education Planning--acc421genius.comACC 421 GENIUS Education Planning--acc421genius.com
ACC 421 GENIUS Education Planning--acc421genius.com
 
ACC 421 GENIUS Achievement Education--acc421genius.com
ACC 421 GENIUS Achievement Education--acc421genius.comACC 421 GENIUS Achievement Education--acc421genius.com
ACC 421 GENIUS Achievement Education--acc421genius.com
 
ACC 421 GENIUS Inspiring Innovation--acc421genius.com
ACC 421 GENIUS Inspiring Innovation--acc421genius.comACC 421 GENIUS Inspiring Innovation--acc421genius.com
ACC 421 GENIUS Inspiring Innovation--acc421genius.com
 
ACC 421 GENIUS Remember Education--acc421genius.com
ACC 421 GENIUS Remember Education--acc421genius.comACC 421 GENIUS Remember Education--acc421genius.com
ACC 421 GENIUS Remember Education--acc421genius.com
 
Acct 221Final Exam Student NameQuestion 1 30 pointsa. .docx
Acct 221Final Exam Student NameQuestion 1 30 pointsa. .docxAcct 221Final Exam Student NameQuestion 1 30 pointsa. .docx
Acct 221Final Exam Student NameQuestion 1 30 pointsa. .docx
 
ACC 421 GENIUS Become Exceptional--acc421genius.com
ACC 421 GENIUS Become Exceptional--acc421genius.comACC 421 GENIUS Become Exceptional--acc421genius.com
ACC 421 GENIUS Become Exceptional--acc421genius.com
 
ACC 421 GENIUS Education for Service--acc421genius.com
ACC 421 GENIUS Education for Service--acc421genius.comACC 421 GENIUS Education for Service--acc421genius.com
ACC 421 GENIUS Education for Service--acc421genius.com
 
Acc 421 Effective Communication-snaptutorial.com
Acc 421 Effective Communication-snaptutorial.comAcc 421 Effective Communication-snaptutorial.com
Acc 421 Effective Communication-snaptutorial.com
 
ACC 421 Education Organization / snaptutorial.com
ACC 421	Education Organization / snaptutorial.comACC 421	Education Organization / snaptutorial.com
ACC 421 Education Organization / snaptutorial.com
 
ACC 421 Expect Success/newtonhelp.com
ACC 421 Expect Success/newtonhelp.comACC 421 Expect Success/newtonhelp.com
ACC 421 Expect Success/newtonhelp.com
 
ACC 421 Enhance teaching / snaptutorial.com
ACC 421 Enhance teaching / snaptutorial.com ACC 421 Enhance teaching / snaptutorial.com
ACC 421 Enhance teaching / snaptutorial.com
 

More from wraythallchan

As a way of experiencing the Humanities beyond your classroom, c.docx
As a way of experiencing the Humanities beyond your classroom, c.docxAs a way of experiencing the Humanities beyond your classroom, c.docx
As a way of experiencing the Humanities beyond your classroom, c.docx
wraythallchan
 
As a social worker, you will meet children and adolescents who a.docx
As a social worker, you will meet children and adolescents who a.docxAs a social worker, you will meet children and adolescents who a.docx
As a social worker, you will meet children and adolescents who a.docx
wraythallchan
 
as buying or selling stocks of businesses using information that.docx
as buying or selling stocks of businesses using information that.docxas buying or selling stocks of businesses using information that.docx
as buying or selling stocks of businesses using information that.docx
wraythallchan
 
As discussed, science and technology are not mutually exclusive .docx
As discussed, science and technology are not mutually exclusive .docxAs discussed, science and technology are not mutually exclusive .docx
As discussed, science and technology are not mutually exclusive .docx
wraythallchan
 
As an entrepreneur or business person who is responsible for making .docx
As an entrepreneur or business person who is responsible for making .docxAs an entrepreneur or business person who is responsible for making .docx
As an entrepreneur or business person who is responsible for making .docx
wraythallchan
 
As an epic journey to Hell and back, The Inferno clearly traces .docx
As an epic journey to Hell and back, The Inferno clearly traces .docxAs an epic journey to Hell and back, The Inferno clearly traces .docx
As an epic journey to Hell and back, The Inferno clearly traces .docx
wraythallchan
 
As a Registered Nurse since 1998, I have seen many changes among.docx
As a Registered Nurse since 1998, I have seen many changes among.docxAs a Registered Nurse since 1998, I have seen many changes among.docx
As a Registered Nurse since 1998, I have seen many changes among.docx
wraythallchan
 
As a social worker, you will often work with clients that are percei.docx
As a social worker, you will often work with clients that are percei.docxAs a social worker, you will often work with clients that are percei.docx
As a social worker, you will often work with clients that are percei.docx
wraythallchan
 
As a social worker, you will meet children and adolescents who are i.docx
As a social worker, you will meet children and adolescents who are i.docxAs a social worker, you will meet children and adolescents who are i.docx
As a social worker, you will meet children and adolescents who are i.docx
wraythallchan
 
As an entrepreneur, you likely have the objective that one day y.docx
As an entrepreneur, you likely have the objective that one day y.docxAs an entrepreneur, you likely have the objective that one day y.docx
As an entrepreneur, you likely have the objective that one day y.docx
wraythallchan
 
As an astute social worker and professional policy advocate, once yo.docx
As an astute social worker and professional policy advocate, once yo.docxAs an astute social worker and professional policy advocate, once yo.docx
As an astute social worker and professional policy advocate, once yo.docx
wraythallchan
 
As a newly appointed network administrator, you have been reques.docx
As a newly appointed network administrator, you have been reques.docxAs a newly appointed network administrator, you have been reques.docx
As a newly appointed network administrator, you have been reques.docx
wraythallchan
 
As a Planning Associate, you have been asked to develop a plan t.docx
As a Planning Associate, you have been asked to develop a plan t.docxAs a Planning Associate, you have been asked to develop a plan t.docx
As a Planning Associate, you have been asked to develop a plan t.docx
wraythallchan
 
As a profession, police are unique in the amount of power they c.docx
As a profession, police are unique in the amount of power they c.docxAs a profession, police are unique in the amount of power they c.docx
As a profession, police are unique in the amount of power they c.docx
wraythallchan
 
As a health care manager, you will have many opportunities to presen.docx
As a health care manager, you will have many opportunities to presen.docxAs a health care manager, you will have many opportunities to presen.docx
As a health care manager, you will have many opportunities to presen.docx
wraythallchan
 
As a fresh research intern, you are a part of the hypothetical Nat.docx
As a fresh research intern, you are a part of the hypothetical Nat.docxAs a fresh research intern, you are a part of the hypothetical Nat.docx
As a fresh research intern, you are a part of the hypothetical Nat.docx
wraythallchan
 
As a manager, discuss how you would use or have used the concepts .docx
As a manager, discuss how you would use or have used the concepts .docxAs a manager, discuss how you would use or have used the concepts .docx
As a manager, discuss how you would use or have used the concepts .docx
wraythallchan
 
As a healthcare professional, you will be working closely with o.docx
As a healthcare professional, you will be working closely with o.docxAs a healthcare professional, you will be working closely with o.docx
As a healthcare professional, you will be working closely with o.docx
wraythallchan
 
As a DNP-prepared nurse, you will likely encounter many different me.docx
As a DNP-prepared nurse, you will likely encounter many different me.docxAs a DNP-prepared nurse, you will likely encounter many different me.docx
As a DNP-prepared nurse, you will likely encounter many different me.docx
wraythallchan
 
As a DNP, you will be interacting with individual who have acute.docx
As a DNP, you will be interacting with individual who have acute.docxAs a DNP, you will be interacting with individual who have acute.docx
As a DNP, you will be interacting with individual who have acute.docx
wraythallchan
 

More from wraythallchan (20)

As a way of experiencing the Humanities beyond your classroom, c.docx
As a way of experiencing the Humanities beyond your classroom, c.docxAs a way of experiencing the Humanities beyond your classroom, c.docx
As a way of experiencing the Humanities beyond your classroom, c.docx
 
As a social worker, you will meet children and adolescents who a.docx
As a social worker, you will meet children and adolescents who a.docxAs a social worker, you will meet children and adolescents who a.docx
As a social worker, you will meet children and adolescents who a.docx
 
as buying or selling stocks of businesses using information that.docx
as buying or selling stocks of businesses using information that.docxas buying or selling stocks of businesses using information that.docx
as buying or selling stocks of businesses using information that.docx
 
As discussed, science and technology are not mutually exclusive .docx
As discussed, science and technology are not mutually exclusive .docxAs discussed, science and technology are not mutually exclusive .docx
As discussed, science and technology are not mutually exclusive .docx
 
As an entrepreneur or business person who is responsible for making .docx
As an entrepreneur or business person who is responsible for making .docxAs an entrepreneur or business person who is responsible for making .docx
As an entrepreneur or business person who is responsible for making .docx
 
As an epic journey to Hell and back, The Inferno clearly traces .docx
As an epic journey to Hell and back, The Inferno clearly traces .docxAs an epic journey to Hell and back, The Inferno clearly traces .docx
As an epic journey to Hell and back, The Inferno clearly traces .docx
 
As a Registered Nurse since 1998, I have seen many changes among.docx
As a Registered Nurse since 1998, I have seen many changes among.docxAs a Registered Nurse since 1998, I have seen many changes among.docx
As a Registered Nurse since 1998, I have seen many changes among.docx
 
As a social worker, you will often work with clients that are percei.docx
As a social worker, you will often work with clients that are percei.docxAs a social worker, you will often work with clients that are percei.docx
As a social worker, you will often work with clients that are percei.docx
 
As a social worker, you will meet children and adolescents who are i.docx
As a social worker, you will meet children and adolescents who are i.docxAs a social worker, you will meet children and adolescents who are i.docx
As a social worker, you will meet children and adolescents who are i.docx
 
As an entrepreneur, you likely have the objective that one day y.docx
As an entrepreneur, you likely have the objective that one day y.docxAs an entrepreneur, you likely have the objective that one day y.docx
As an entrepreneur, you likely have the objective that one day y.docx
 
As an astute social worker and professional policy advocate, once yo.docx
As an astute social worker and professional policy advocate, once yo.docxAs an astute social worker and professional policy advocate, once yo.docx
As an astute social worker and professional policy advocate, once yo.docx
 
As a newly appointed network administrator, you have been reques.docx
As a newly appointed network administrator, you have been reques.docxAs a newly appointed network administrator, you have been reques.docx
As a newly appointed network administrator, you have been reques.docx
 
As a Planning Associate, you have been asked to develop a plan t.docx
As a Planning Associate, you have been asked to develop a plan t.docxAs a Planning Associate, you have been asked to develop a plan t.docx
As a Planning Associate, you have been asked to develop a plan t.docx
 
As a profession, police are unique in the amount of power they c.docx
As a profession, police are unique in the amount of power they c.docxAs a profession, police are unique in the amount of power they c.docx
As a profession, police are unique in the amount of power they c.docx
 
As a health care manager, you will have many opportunities to presen.docx
As a health care manager, you will have many opportunities to presen.docxAs a health care manager, you will have many opportunities to presen.docx
As a health care manager, you will have many opportunities to presen.docx
 
As a fresh research intern, you are a part of the hypothetical Nat.docx
As a fresh research intern, you are a part of the hypothetical Nat.docxAs a fresh research intern, you are a part of the hypothetical Nat.docx
As a fresh research intern, you are a part of the hypothetical Nat.docx
 
As a manager, discuss how you would use or have used the concepts .docx
As a manager, discuss how you would use or have used the concepts .docxAs a manager, discuss how you would use or have used the concepts .docx
As a manager, discuss how you would use or have used the concepts .docx
 
As a healthcare professional, you will be working closely with o.docx
As a healthcare professional, you will be working closely with o.docxAs a healthcare professional, you will be working closely with o.docx
As a healthcare professional, you will be working closely with o.docx
 
As a DNP-prepared nurse, you will likely encounter many different me.docx
As a DNP-prepared nurse, you will likely encounter many different me.docxAs a DNP-prepared nurse, you will likely encounter many different me.docx
As a DNP-prepared nurse, you will likely encounter many different me.docx
 
As a DNP, you will be interacting with individual who have acute.docx
As a DNP, you will be interacting with individual who have acute.docxAs a DNP, you will be interacting with individual who have acute.docx
As a DNP, you will be interacting with individual who have acute.docx
 

Recently uploaded

CLASS 11 CBSE B.St Project AIDS TO TRADE - INSURANCE
CLASS 11 CBSE B.St Project AIDS TO TRADE - INSURANCECLASS 11 CBSE B.St Project AIDS TO TRADE - INSURANCE
CLASS 11 CBSE B.St Project AIDS TO TRADE - INSURANCE
BhavyaRajput3
 
Digital Tools and AI for Teaching Learning and Research
Digital Tools and AI for Teaching Learning and ResearchDigital Tools and AI for Teaching Learning and Research
Digital Tools and AI for Teaching Learning and Research
Vikramjit Singh
 
Model Attribute Check Company Auto Property
Model Attribute  Check Company Auto PropertyModel Attribute  Check Company Auto Property
Model Attribute Check Company Auto Property
Celine George
 
Additional Benefits for Employee Website.pdf
Additional Benefits for Employee Website.pdfAdditional Benefits for Employee Website.pdf
Additional Benefits for Employee Website.pdf
joachimlavalley1
 
Adversarial Attention Modeling for Multi-dimensional Emotion Regression.pdf
Adversarial Attention Modeling for Multi-dimensional Emotion Regression.pdfAdversarial Attention Modeling for Multi-dimensional Emotion Regression.pdf
Adversarial Attention Modeling for Multi-dimensional Emotion Regression.pdf
Po-Chuan Chen
 
The French Revolution Class 9 Study Material pdf free download
The French Revolution Class 9 Study Material pdf free downloadThe French Revolution Class 9 Study Material pdf free download
The French Revolution Class 9 Study Material pdf free download
Vivekanand Anglo Vedic Academy
 
Mule 4.6 & Java 17 Upgrade | MuleSoft Mysore Meetup #46
Mule 4.6 & Java 17 Upgrade | MuleSoft Mysore Meetup #46Mule 4.6 & Java 17 Upgrade | MuleSoft Mysore Meetup #46
Mule 4.6 & Java 17 Upgrade | MuleSoft Mysore Meetup #46
MysoreMuleSoftMeetup
 
Operation Blue Star - Saka Neela Tara
Operation Blue Star   -  Saka Neela TaraOperation Blue Star   -  Saka Neela Tara
Operation Blue Star - Saka Neela Tara
Balvir Singh
 
Acetabularia Information For Class 9 .docx
Acetabularia Information For Class 9  .docxAcetabularia Information For Class 9  .docx
Acetabularia Information For Class 9 .docx
vaibhavrinwa19
 
Introduction to AI for Nonprofits with Tapp Network
Introduction to AI for Nonprofits with Tapp NetworkIntroduction to AI for Nonprofits with Tapp Network
Introduction to AI for Nonprofits with Tapp Network
TechSoup
 
CACJapan - GROUP Presentation 1- Wk 4.pdf
CACJapan - GROUP Presentation 1- Wk 4.pdfCACJapan - GROUP Presentation 1- Wk 4.pdf
CACJapan - GROUP Presentation 1- Wk 4.pdf
camakaiclarkmusic
 
June 3, 2024 Anti-Semitism Letter Sent to MIT President Kornbluth and MIT Cor...
June 3, 2024 Anti-Semitism Letter Sent to MIT President Kornbluth and MIT Cor...June 3, 2024 Anti-Semitism Letter Sent to MIT President Kornbluth and MIT Cor...
June 3, 2024 Anti-Semitism Letter Sent to MIT President Kornbluth and MIT Cor...
Levi Shapiro
 
How to Make a Field invisible in Odoo 17
How to Make a Field invisible in Odoo 17How to Make a Field invisible in Odoo 17
How to Make a Field invisible in Odoo 17
Celine George
 
Biological Screening of Herbal Drugs in detailed.
Biological Screening of Herbal Drugs in detailed.Biological Screening of Herbal Drugs in detailed.
Biological Screening of Herbal Drugs in detailed.
Ashokrao Mane college of Pharmacy Peth-Vadgaon
 
Phrasal Verbs.XXXXXXXXXXXXXXXXXXXXXXXXXX
Phrasal Verbs.XXXXXXXXXXXXXXXXXXXXXXXXXXPhrasal Verbs.XXXXXXXXXXXXXXXXXXXXXXXXXX
Phrasal Verbs.XXXXXXXXXXXXXXXXXXXXXXXXXX
MIRIAMSALINAS13
 
How libraries can support authors with open access requirements for UKRI fund...
How libraries can support authors with open access requirements for UKRI fund...How libraries can support authors with open access requirements for UKRI fund...
How libraries can support authors with open access requirements for UKRI fund...
Jisc
 
"Protectable subject matters, Protection in biotechnology, Protection of othe...
"Protectable subject matters, Protection in biotechnology, Protection of othe..."Protectable subject matters, Protection in biotechnology, Protection of othe...
"Protectable subject matters, Protection in biotechnology, Protection of othe...
SACHIN R KONDAGURI
 
Guidance_and_Counselling.pdf B.Ed. 4th Semester
Guidance_and_Counselling.pdf B.Ed. 4th SemesterGuidance_and_Counselling.pdf B.Ed. 4th Semester
Guidance_and_Counselling.pdf B.Ed. 4th Semester
Atul Kumar Singh
 
Home assignment II on Spectroscopy 2024 Answers.pdf
Home assignment II on Spectroscopy 2024 Answers.pdfHome assignment II on Spectroscopy 2024 Answers.pdf
Home assignment II on Spectroscopy 2024 Answers.pdf
Tamralipta Mahavidyalaya
 
Welcome to TechSoup New Member Orientation and Q&A (May 2024).pdf
Welcome to TechSoup   New Member Orientation and Q&A (May 2024).pdfWelcome to TechSoup   New Member Orientation and Q&A (May 2024).pdf
Welcome to TechSoup New Member Orientation and Q&A (May 2024).pdf
TechSoup
 

Recently uploaded (20)

CLASS 11 CBSE B.St Project AIDS TO TRADE - INSURANCE
CLASS 11 CBSE B.St Project AIDS TO TRADE - INSURANCECLASS 11 CBSE B.St Project AIDS TO TRADE - INSURANCE
CLASS 11 CBSE B.St Project AIDS TO TRADE - INSURANCE
 
Digital Tools and AI for Teaching Learning and Research
Digital Tools and AI for Teaching Learning and ResearchDigital Tools and AI for Teaching Learning and Research
Digital Tools and AI for Teaching Learning and Research
 
Model Attribute Check Company Auto Property
Model Attribute  Check Company Auto PropertyModel Attribute  Check Company Auto Property
Model Attribute Check Company Auto Property
 
Additional Benefits for Employee Website.pdf
Additional Benefits for Employee Website.pdfAdditional Benefits for Employee Website.pdf
Additional Benefits for Employee Website.pdf
 
Adversarial Attention Modeling for Multi-dimensional Emotion Regression.pdf
Adversarial Attention Modeling for Multi-dimensional Emotion Regression.pdfAdversarial Attention Modeling for Multi-dimensional Emotion Regression.pdf
Adversarial Attention Modeling for Multi-dimensional Emotion Regression.pdf
 
The French Revolution Class 9 Study Material pdf free download
The French Revolution Class 9 Study Material pdf free downloadThe French Revolution Class 9 Study Material pdf free download
The French Revolution Class 9 Study Material pdf free download
 
Mule 4.6 & Java 17 Upgrade | MuleSoft Mysore Meetup #46
Mule 4.6 & Java 17 Upgrade | MuleSoft Mysore Meetup #46Mule 4.6 & Java 17 Upgrade | MuleSoft Mysore Meetup #46
Mule 4.6 & Java 17 Upgrade | MuleSoft Mysore Meetup #46
 
Operation Blue Star - Saka Neela Tara
Operation Blue Star   -  Saka Neela TaraOperation Blue Star   -  Saka Neela Tara
Operation Blue Star - Saka Neela Tara
 
Acetabularia Information For Class 9 .docx
Acetabularia Information For Class 9  .docxAcetabularia Information For Class 9  .docx
Acetabularia Information For Class 9 .docx
 
Introduction to AI for Nonprofits with Tapp Network
Introduction to AI for Nonprofits with Tapp NetworkIntroduction to AI for Nonprofits with Tapp Network
Introduction to AI for Nonprofits with Tapp Network
 
CACJapan - GROUP Presentation 1- Wk 4.pdf
CACJapan - GROUP Presentation 1- Wk 4.pdfCACJapan - GROUP Presentation 1- Wk 4.pdf
CACJapan - GROUP Presentation 1- Wk 4.pdf
 
June 3, 2024 Anti-Semitism Letter Sent to MIT President Kornbluth and MIT Cor...
June 3, 2024 Anti-Semitism Letter Sent to MIT President Kornbluth and MIT Cor...June 3, 2024 Anti-Semitism Letter Sent to MIT President Kornbluth and MIT Cor...
June 3, 2024 Anti-Semitism Letter Sent to MIT President Kornbluth and MIT Cor...
 
How to Make a Field invisible in Odoo 17
How to Make a Field invisible in Odoo 17How to Make a Field invisible in Odoo 17
How to Make a Field invisible in Odoo 17
 
Biological Screening of Herbal Drugs in detailed.
Biological Screening of Herbal Drugs in detailed.Biological Screening of Herbal Drugs in detailed.
Biological Screening of Herbal Drugs in detailed.
 
Phrasal Verbs.XXXXXXXXXXXXXXXXXXXXXXXXXX
Phrasal Verbs.XXXXXXXXXXXXXXXXXXXXXXXXXXPhrasal Verbs.XXXXXXXXXXXXXXXXXXXXXXXXXX
Phrasal Verbs.XXXXXXXXXXXXXXXXXXXXXXXXXX
 
How libraries can support authors with open access requirements for UKRI fund...
How libraries can support authors with open access requirements for UKRI fund...How libraries can support authors with open access requirements for UKRI fund...
How libraries can support authors with open access requirements for UKRI fund...
 
"Protectable subject matters, Protection in biotechnology, Protection of othe...
"Protectable subject matters, Protection in biotechnology, Protection of othe..."Protectable subject matters, Protection in biotechnology, Protection of othe...
"Protectable subject matters, Protection in biotechnology, Protection of othe...
 
Guidance_and_Counselling.pdf B.Ed. 4th Semester
Guidance_and_Counselling.pdf B.Ed. 4th SemesterGuidance_and_Counselling.pdf B.Ed. 4th Semester
Guidance_and_Counselling.pdf B.Ed. 4th Semester
 
Home assignment II on Spectroscopy 2024 Answers.pdf
Home assignment II on Spectroscopy 2024 Answers.pdfHome assignment II on Spectroscopy 2024 Answers.pdf
Home assignment II on Spectroscopy 2024 Answers.pdf
 
Welcome to TechSoup New Member Orientation and Q&A (May 2024).pdf
Welcome to TechSoup   New Member Orientation and Q&A (May 2024).pdfWelcome to TechSoup   New Member Orientation and Q&A (May 2024).pdf
Welcome to TechSoup New Member Orientation and Q&A (May 2024).pdf
 

Question 2Wilco Corporation has the following account balances a.docx

  • 1. Question 2 Wilco Corporation has the following account balances at December 31, 2014. Common stock, $5 par value $510,000 Treasury stock 90,000 Retained earnings 2,340,000 Paid-in capital in excess of par—common stock 1,320,000 Prepare Wilco’s December 31, 2014, stockholders’ equity section. (Enter account name only and do not provide descriptive information.) WILCO CORPORATION Stockholders’ Equity December 31, 2014 $
  • 2. : $ Question 4 Ravonette Corporation issued 300 shares of $10 par value common stock and 100 shares of $50 par value preferred stock for a lump sum of $13,500. The common stock has a market price of $20 per share, and the preferred stock has a market price of $90 per share. Prepare the journal entry to record the issuance. (Round answers to 0 decimal places, e.g., 1520. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Account Titles and Explanation Debit Credit
  • 3. Question 5 The outstanding capital stock of Edna Millay Corporation consists of 2,000 shares of $100 par value, 8% preferred, and 5,000 shares of $50 par value common. Assuming that the company has retained earnings of $90,000, all of which is to be paid out in dividends, and that preferred dividends were not paid during the 2 years preceding the current year, state how much each class of stock should receive under each of the following conditions. (a) The preferred stock is noncumulative and nonparticipating. (Round answers to 0 decimal places, e.g. $38,487.) Preferred Common $ $ (b) The preferred stock is cumulative and nonparticipating. (Round answers to 0 decimal places, e.g. $38,487.) Preferred Common $
  • 4. $ (c) The preferred stock is cumulative and participating. (Round the rate of participation to 4 decimal places, e.g.1.4278%. Round answers to 0 decimal places, e.g. $38,487.) Preferred Common $ $ Matt Schmidt Company’s ledger shows the following balances on December 31, 2014. 7% Preferred Stock—$10 par value, outstanding 20,000 shares $ 200,000 Common Stock—$100 par value, outstanding 30,000 shares 3,000,000 Retained Earnings 630,000 Assuming that the directors decide to declare total dividends in the amount of $366,000, determine how much each class of stock should receive under each of the conditions stated below. One year‘s dividends are in arrears on the preferred stock. (a) The preferred stock is cumulative and fully participating. (Round the rate of participation to 4 decimal places, e.g.1.4278%. Round answers to 0 decimal places, e.g. $38,487.) Preferred Common $ $
  • 5. (b) The preferred stock is noncumulative and nonparticipating. (Round answers to 0 decimal places, e.g. $38,487.) Preferred Common $ $ (c) The preferred stock is noncumulative and is participating in distributions in excess of a 10% dividend rate on the common stock. (Round the rate of participation to 4 decimal places, e.g.1.4278%. Round answers to 0 decimal places, e.g. $38,487.) Preferred Common $ $ Warning Don't show me this message again for the assignment Ok Cancel On January 1, 2014, Barwood Corporation granted 5,000 options to executives. Each option entitles the holder to purchase one share of Barwood’s $5 par value common stock at $50 per share at any time during the next 5 years. The market price of the stock is $65 per share on the date of grant. The fair value of the options at the grant date is $150,000. The period of benefit is 2 years. Prepare Barwood’s journal entries for January 1, 2014, and December 31, 2014 and 2015. (Credit account titles are automatically indented when amount is entered. Do not indent
  • 6. manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Date Account Titles and Explanation Debit Credit 1/1/14 12/31/14 12/31/15 Warning Don't show me this message again for the assignment Ok Cancel
  • 7. Rockland Corporation earned net income of $300,000 in 2014 and had 100,000 shares of common stock outstanding throughout the year. Also outstanding all year was $800,000 of 10% bonds, which are convertible into 16,000 shares of common. Rockland’s tax rate is 40 percent. Compute Rockland’s 2014 diluted earnings per share. (Round answer to 2 decimal places, e.g. $3.55.) Diluted earnings per share $ Warning Don't show me this message again for the assignment Ok Cancel Question 9 Ferraro, Inc. established a stock-appreciation rights (SAR) program on January 1, 2014, which entitles executives to receive cash at the date of exercise for the difference between the market price of the stock and the pre-established price of $20 on 5,000 SARs. The required service period is 2 years. The fair value of the SARs are determined to be $4 on December 31, 2014, and $9 on December 31, 2015. Compute Ferraro’s compensation expense for 2014 and 2015. Ferraro’s compensation expense 2014 $ Ferraro’s compensation expense for 2015 $ Warning
  • 8. Don't show me this message again for the assignment Ok Cancel Garfield Company purchased, as a held-to-maturity investment, $80,000 of the 9%, 5-year bonds of Chester Corporation for $74,086, which provides an 11% return. Prepare Garfield’s journal entries for (a) the purchase of the investment, and (b) the receipt of annual interest and discount amortization. Assume effective-interest amortization is used. (Round answers to 0 decimal places, e.g. 1,225. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) No. Account Titles and Explanation Debit Credit (a) (b)
  • 9. Arantxa Corporation made the following cash purchases of securities during 2014, which is the first year in which Arantxa invested in securities. 1. On January 15, purchased 10,000 shares of Sanchez Company’s common stock at $33.50 per share plus commission $1,980. 2. On April 1, purchased 5,000 shares of Vicario Co.’s common stock at $52 per share plus commission $3,370. 3. On September 10, purchased 7,000 shares of WTA Co.’s preferred stock at $26.50 per share plus commission $4,910. On May 20, 2014, Arantxa sold 4,000 shares of Sanchez Company’s common stock at a market price of $35 per share less brokerage commissions, taxes, and fees of $3,850. The year-end fair values per share were Sanchez $30, Vicario $55, and WTA $28. In addition, the chief accountant of Arantxa told you that Arantxa Corporation plans to hold these securities for the long term but may sell them in order to earn profits from appreciation in prices. (a) Prepare the journal entries to record the above three security purchases. (Round answers to 0 decimal places, e.g. 2,500. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) No.
  • 10. Date Account Titles and Explanation Debit Credit (1) Jan. 15, 2014 (2) Apr. 1, 2014 (3) Sep. 10, 2014 (b) Prepare the journal entry for the security sale on May 20. (Round answers to 0 decimal places, e.g. 2,500.Credit account
  • 11. titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Date Account Titles and Explanation Debit Credit May 20, 2014 (c) Compute the unrealized gains or losses. (Round answer to 0 decimal places, e.g. 2,500.) Unrealized $ Prepare the adjusting entries for Arantxa on December 31, 2014. (Round answers to 0 decimal places, e.g. 2,500. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Date Account Titles and Explanation Debit Credit Dec. 31, 2014
  • 12. Question 12 The following are two independent situations. Situation 1 Conchita Cosmetics acquired 10% of the 200,000 shares of common stock of Martinez Fashion at a total cost of $13 per share on March 18, 2014. On June 30, Martinez declared and paid a $75,000 cash dividend. On December 31, Martinez reported net income of $122,000 for the year. At December 31, the market price of Martinez Fashion was $15 per share. The securities are classified as available-for-sale. Situation 2 Monica, Inc. obtained significant influence over Seles Corporation by buying 30% of Seles’s 30,000 outstanding shares of common stock at a total cost of $9 per share on January 1, 2014. On June 15, Seles declared and paid a cash dividend of $36,000. On December 31, Seles reported a net income of $85,000 for the year. Prepare all necessary journal entries in 2014 for both situations. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Date Account Titles and Explanation Debit Credit Conchita Cosmetics
  • 13. March 18, 2014 June 30, 2014 Dec. 31, 2014 Monica, Inc Jan. 1, 2014 June 15, 2014
  • 14. Dec. 31, 2014 Parent Co. invested $1,000,000 in Sub Co. for 25% of its outstanding stock. Sub Co. pays out 40% of net income in dividends each year. Use the information in the following T-account for the investment in Sub to answer the following questions. Investment in Sub Co. 1,000,000 110,000 44,000 (a) How much was Parent Co.’s share of Sub Co.’s net income for the year? Net income $ (b) How much was Parent Co.’s share of Sub Co.’s dividends for the year? Dividends $
  • 15. (c) What was Sub Co.’s total net income for the year? Total net income $ (d) What was Sub Co.’s total dividends for the year? Total Dividends $ Jaycie Phelps Inc. acquired 20% of the outstanding common stock of Theresa Kulikowski Inc. on December 31, 2013. The purchase price was $1,200,000 for 50,000 shares. Kulikowski Inc. declared and paid an $0.85 per share cash dividend on June 30 and on December 31, 2014. Kulikowski reported net income of $730,000 for 2014. The fair value of Kulikowski’s stock was $27 per share at December 31, 2014. (a) Prepare the journal entries for Jaycie Phelps Inc. for 2013 and 2014, assuming that Phelps cannot exercise significant influence over Kulikowski. The securities should be classified as available-for-sale. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Date Account Titles and Explanation Debit Credit Dec. 31, 2013 June 30, 2014
  • 16. Dec. 31, 2014 (To record dividend.) (To record fair value.) (b) Prepare the journal entries for Jaycie Phelps Inc. for 2013 and 2014, assuming that Phelps can exercise significant influence over Kulikowski. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the
  • 17. account titles and enter 0 for the amounts.) Date Account Titles and Explanation Debit Credit Dec. 31, 2013 June 30, 2014 Dec. 31, 2014 (To record dividend.)
  • 18. (To record revenue.) (c) At what amount is the investment in securities reported on the balance sheet under each of these methods at December 31, 2014? What is the total net income reported in 2014 under each of these methods? Fair Value Method Equity Method Investment amount $ $ Dividend revenue Investment income (income statement) Warning Don't show me this message again for the assignment Ok
  • 19. Cancel On January 2, 2014, Jones Company purchases a call option for $300 on Merchant common stock. The call option gives Jones the option to buy 1,000 shares of Merchant at a strike price of $50 per share. The market price of a Merchant share is $50 on January 2, 2014 (the intrinsic value is therefore $0). On March 31, 2014, the market price for Merchant stock is $53 per share, and the time value of the option is $200. (a) Prepare the journal entry to record the purchase of the call option on January 2, 2014. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Date Account Titles and Explanation Debit Credit Jan. 2, 2014 (b) Prepare the journal entries to recognize the change in the fair value of the call option as of March 31, 2014. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Date Account Titles and Explanation
  • 20. Debit Credit Mar. 31, 2014 (To record the time value change.) Mar. 31, 2014 (To record the change in intrinsic value.) (c) What was the effect on net income of entering into the derivative transaction for the period January 2 to March 31, 2014? Unrealized Holding $ In 2014, Amirante Corporation had pretax financial income of $168,000 and taxable income of $120,000. The difference is due to the use of different depreciation methods for tax and accounting purposes. The effective tax rate is 40%.
  • 21. Compute the amount to be reported as income taxes payable at December 31, 2014. Income taxes payable at December 31, 2014 $ Question 17 Clydesdale Corporation has a cumulative temporary difference related to depreciation of $580,000 at December 31, 2014. This difference will reverse as follows: 2015, $42,000; 2016, $244,000; and 2017, $294,000. Enacted tax rates are 34% for 2015 and 2016, and 40% for 2017. Compute the amount Clydesdale should report as a deferred tax liability at December 31, 2014. Deferred tax liability at December 31, 2014 $ Warning Don't show me this message again for the assignment Ok Cancel At December 31, 2014, Fell Corporation had a deferred tax liability of $680,000, resulting from future taxable amounts of $2,000,000 and an enacted tax rate of 34%. In May 2015, a new income tax act is signed into law that raises the tax rate to 40% for 2015 and future years.
  • 22. Prepare the journal entry for Fell to adjust the deferred tax liability. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit Warning Don't show me this message again for the assignment Ok Cancel Lahey Corp. has three defined benefit pension plans as follows. Pension Assets(at Fair Value) Projected BenefitObligation Plan X $600,000 $500,000 Plan Y 900,000 720,000
  • 23. Plan Z 550,000 700,000 How will Lahey report these multiple plans in its financial statements? Pension $ Pension $ Manno Corporation has the following information available concerning its postretirement benefit plan for 2014. Service cost $40,000 Interest cost 47,400 Actual and expected return on plan assets 26,900 Compute Manno’s 2014 postretirement expense. Postretirement expense 2014 $ Warning Don't show me this message again for the assignment Ok Cancel
  • 24. For 2014, Sampsell Inc. computed its annual postretirement expense as $240,900. Sampsell’s contribution to the plan during 2014 was $180,000. Prepare Sampsell’s 2014 entry to record postretirement expense. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit Warning Don't show me this message again for the assignment Ok Cancel Wertz Construction Company decided at the beginning of 2014 to change from the completed-contract method to the percentage-of-completion method for financial reporting purposes. The company will continue to use the completed- contract method for tax purposes. For years prior to 2014, pretax income under the two methods was as follows: percentage-of-completion $120,000, and completed-contract $80,000. The tax rate is 35%.
  • 25. Prepare Wertz’s 2014 journal entry to record the change in accounting principle. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Account Titles and Explanation Debit Credit 2014, Bailey Corporation discovered that equipment purchased on January 1, 2012, for $50,000 was expensed at that time. The equipment should have been depreciated over 5 years, with no salvage value. The effective tax rate is 30%. Prepare Bailey’s 2014 journal entry to correct the error. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Account Titles and Explanation Debit Credit
  • 26. At January 1, 2014, Beidler Company reported retained earnings of $2,000,000. In 2014, Beidler discovered that 2013 depreciation expense was understated by $400,000. In 2014, net income was $900,000 and dividends declared were $250,000. The tax rate is 40%. Prepare a 2014 retained earnings statement for Beidler Company. BEIDLER COMPANY Retained Earnings Statement For the Year Ended December 31, 2014 $ : : : $ Warning Don't show me this message again for the assignment Ok Cancel Simmons Corporation owns stock of Armstrong, Inc. Prior to
  • 27. 2014, the investment was accounted for using the equity method. In early 2014, Simmons sold part of its investment in Armstrong, and began using the fair value method. In 2014, Armstrong earned net income of $80,000 and paid dividends of $95,000. Prepare Simmons’s entries related to Armstrong’s net income and dividends, assuming Simmons now owns 10% of Armstrong’s stock. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Account Titles and Explanation Debit Credit Warning Don't show me this message again for the assignment Ok Cancel DiCenta Corporation reported net income of $270,000 in 2014 and had 50,000 shares of common stock outstanding throughout the year. Also outstanding all year were 5,000 shares of cumulative preferred stock, each convertible into 2 shares of common. The preferred stock pays an annual dividend of $5 per
  • 28. share. DiCenta’s tax rate is 40%. Compute DiCenta’s 2014 diluted earnings per share. (Round answer to 2 decimal places, e.g. $3.55.) Diluted earnings per share $ AMR Corporation (parent company of American Airlines) reported the following for 2009 (in millions). Service cost $366 Interest on P.B.O. 737 Return on plan assets 593 Amortization of prior service cost 13 Amortization of net loss 154 Compute AMR Corporation’s 2011 pension expense. Pension expense $ millions Warning Don't show me this message again for the assignment Ok Cancel
  • 29. For Warren Corporation, year-end plan assets were $2,000,000. At the beginning of the year, plan assets were $1,780,000. During the year, contributions to the pension fund were $120,000, and benefits paid were $200,000. Compute Warren’s actual return on plan assets. Actual return on plan assets $ Warning Don't show me this message again for the assignment Ok Cancel For 2012, Campbell Soup Company had pension expense of $73 million and contributed $71 million to the pension fund. Prepare Campbell Soup Company’s journal entry to record pension expense and funding. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Enter amounts in millions. Ex: 10,000,000 is to be imputed as 10, eliminating the 000,000.) Account Titles and Explanation Debit Credit
  • 30. Hillsborough Co. has an available-for-sale investment in the bonds of Schuyler Corp. with a carrying (and fair) value of $70,000. Hillsborough determined that due to poor economic prospects for Schuyler, the bonds have decreased in value to $60,000. It is determined that this loss in value is other-than- temporary. Prepare the journal entry, if any, to record the reduction in value. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Account Titles and Explanation Debit Credit Warning Don't show me this message again for the assignment Ok Cancel 1
  • 31. 6 Water Quality and Contamination SCI 207: Dependence of Man on the Environment ABSTRACT Ground water is the biggest source of drinking water available to human population around the world and is rapidly being polluted because of industrialization and increasing demands of agriculture around the world. A set of simple experiments were done to find out what kind of changes do some of these contaminants cause in ground water. Samples of tap water and bottled water were also analyzed for safety. Chemicals like oil, vinegar and soap cause turbidity, odor and color change in water samples. Tap water is much safer to drink than bottled water because it contains less contamination than bottles water. INTRODUCTION Ground water is present below the surface in porous rocks and is susceptible to contamination by natural and especially human related activities. Large amounts of chemicals like soap and detergents, fertilizers and pesticides, pharmaceutical by- products are discharged in to fresh water aquifers every day. These contaminants leach in to the soil and dissolve in ground water. Different contaminants have different rates of solubility and degradation once they reach the underground water table either by simple flow or by the downward movement of rain water. The ground water may become contaminated with both organic and inorganic substances especially heavy metals like Cadmium, Chromium and Nickel, etc. (Christensen et al, 2001). Pharmaceutical wastes can cause cancer in human cells. (Krifa et al. 2013). Many pharmaceutically active chemicals reach
  • 32. groundwater sources almost untreated and cause contamination. (Herber, 2002). Increase in the emissions of carbon dioxide by burning fossil fuels is the single largest cause of environmental degradation resulting not only in global warming but also causing acid rain which alters the pH of ground water. Water is a universal solvent; however, its dissolving properties are very sensitive to changes in temperature and pH. Global economic growth has, unfortunately, resulted in high levels of carbon dioxide emissions worldwide with the current annual rate at 3.3% from 1.3% in the last decade. (Canadell et al, 2007). The demands of agricultural output have put a lot pressure on fresh water sources. Rapid industrialization has led to huge increase in the usage of ground water. The untreated industrial wastes are released back in to rivers and streams causing further pollution. Industrial units are the biggest users of ground water today with a share of almost 22% of the total water supply available in the aquifers. (Brown and Brian, 1998). MATERIALS AND METHODS Dry clean beakers of 50 cm3 capacity were filled with samples of ground water. Each beaker contained 25 cm3 of water sample. Nothing was added to the water sample in the first beaker. 15 cm3 of oil cooking oil was added to the second water sample. Same volume of commonly available vinegar was added to the third sample and a pinch of commonly available laundry detergent powder was added to the fourth water sample. Potting soil was added to all other samples. The sixth sample contained a mixture of soil and oil whereas the seventh water sample contained. The last sample contained soil with detergent in water. The experiment was carried out at room temperature and pressure. Experiments were also carried out to measure the difference in concentrations of ammonia, phosphates, chloride etc. in bottled and tap water samples. RESULTS SAMPLE
  • 33. CHANGES OBSERVED COLOR TRUBIDITY ODOR 1 None None None 2 None None, however, a layer of oil formed at the top May have been blocked by the layer of oil 3 None Slight, cloudy appearance Typical vinegar smell 4 None Slight, cloudy appearance with a thin layer of bubbles None 5 Light brown color Medium, suspended soil particles mostly at the top layers of water Typical potting soil smell detected 6 Light brown color A shiny layer of oil at the top Potting soil smell detected 7 Brownish grey Slight Typical vinegar smell detected 8 Brown
  • 34. Dark fog like appearance None Ammonia Test Results Water Sample Test Results Tap Water 0 Dasani® Bottled Water 0 Chloride Test Results Water Sample Test Results Tap Water 0 Dasani® Bottled Water 500 Fiji® Bottled Water 500 Table 4: 4 in 1 Test Results Water Sample pH Total Alkalinity Total Chlorine Total Hardness Tap Water 7 40 1.0 0 - Soft Dasani® Bottled Water 3 80 0 120
  • 35. Fiji® Bottled Water 8 0 1.0 50 Phosphate Test Results Water Sample Test Results Tap Water 10 Dasani® Bottled Water 0 Absence of any color or smell gave the water in sample 1 a pleasing appearance. Although, it might not be absolutely pure, this water sample might be safe enough to drink as it did not show any unpleasant physical effects of contamination. Oil is less dense than water so it formed a thick layer at the top in the second water sample. This layer prevented any contact of air with the surface of the water. No particular smell was noted. It might be possible that the odor was blocked by the layer of oil at the top. Vinegar is a colorless liquid and weakly acidic. When vinegar was added to the third water sample it did not cause any specific change in color, however, it did cause typical vinegar smell making it a bit unpleasant. When vinegar was added with potting soil in sample 7, however, the color of the water changed to brownish grey. The color change may have been due to the change in pH of the soil. Addition of detergent in sample 4 resulted in the formation of bubbles because of lowered surface tension of water. The dark fog like texture observed in sample 8 might be due to dispersion of soil particles within the water because of low surface tension. Analysis of the tap water samples and bottled water samples clearly showed that tap water is the cleanest source of drinking water since it contains the least amount of contamination.
  • 36. DISCUSSION The addition of various chemicals affects the quality of drinking water and alters its chemical composition. It is vital to regularly check the level of different contaminants in ground water. Series of experiments were carried out to check the type of changes which occur in ground water when different contaminants like oil and soap are added. As opposed to popular belief, bottled water came up with more contamination than tap water which proves that drinking tap water is much safer than drinking bottled water. However, there are some aspects that need detailed study like the effect of temperature on the solubility of contaminants in water. A systematic study is also needed to review the levels of contaminants in ground water at different times of the day because humans are mostly active during day time so the concentrations of contaminants must be high during the day. However, this idea needs to be verified through proper research. Study can also be carried out to review the status of contaminants at different times of the year to reveal any possible relation between the rate of leaching and degradation and seasonal variation. CONCLUSION Series of experiments were carried out to check if how the quality of drinking water changes when different contaminants are added. Noticeable changes were observed in turbidity, color and odor when oil, detergent and vinegar were added. Experiments were also carried out to ascertain if bottled water is safe for consumption as against tap water. The results were totally unexpected because tap water turned out is far less contaminated than bottled water. However, more systematic research is needed to study the parameters of ground water contamination. REFERENCES
  • 37. Canadel, J.G., Que’re’, C.L., […..] and Marland, G. 2007. Contributions to accelerating atmospheric carbon dioxide growth from economic activity, carbon intensity and effeiciency if natural sinks. Proct Natl Acad Sci USA. 104(47): 18866- 18870. Christensen TH, Kjeldsen P, Bjerg PL, Jensen DL, Christensen JB, Baun A (2001). Biogeochemistry of landfill leachate plumes. Appl. Geochem., 16: 659–718. Esceincelabs.com (2012). Introduction to Science. Retrieved from: http://managedcourse.next.ecollege.com/pub/content/49a6ebcb- 6f67-4a76-a20a- 7c1f374dd49c/SCI207.W2.Laboratory.pdf Herberer, T. (2002). Tracking persistent pharmaceutical residues from municipal sewage to drinking water. J. Hydrol…. Industry to agriculture ratio from Lester R. Brown and Brian Halweil, “China’s Water Shortage Could Shake World Food Security,” World Watch, July/August 1998, 13; industrial share of consumption from Sandra Postel, Dividing the Waters: Food Security, Ecosystem Health, and the New Politics of Scarcity, Worldwatch Paper 132 (Washington, DC: Worldwatch Institute, September 1996), 14. Krifa, M., Cherif, A., Barillier, D., Mosrati, R., Ghedira, L. & Mansour, H. (2013). Human cell death in relation to DNA damage after exposure to the untreated and biologically treated pharmaceutical wastewater. Environmental Science and Pollution Research.20(6),3836-3842.