AP10.01 – Great Adventures
Financial Accounting
Spiceland, Thomas, and Herrman
05th Edition and 06th Edition
Record each transaction, and prepare the shareholders’ equity section of the balance sheet.
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Record each transaction, and prepare the shareholders’ equity section of the balance sheet.
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Given the amount of equipment purchased with other costs… find the initial cost of equipment.
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Determine the amounts the company should capitalize as the cost of the land and the building if the warehouse is demolished.
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Determine the amounts the company should capitalize as the cost of the land and the building if the company uses the warehouse.
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Given the total cost, extraction period, interest rate, and a table of cash flow probabilities they ask you to calculate what the initial cost is.
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Given total cost, extraction period, interest rate, and possible cash flows they ask you to determine the liability increase and gain or loss on retirement.
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Given stock acquired, book value, and fair value… calculate the goodwill paid.
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Given note amount, years on note, and the interest rate they ask you to complete the table to determine the interest expense.
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Given the number of shares exchanged, value per share…. calculate the cost of the patent.
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Given property, plant, and equipment for two years with net sales… calculate fixed asset turnover ratio and which company is more efficient.
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