S7-16 – (Oil Company)
Financial Accounting
Thomas, Tietz, and Harrison
12th Edition
Given the information on the oil company – find the depreciation method, the entry for removing barrels, and cost of sales entry.
Given the information on the oil company – find the depreciation method, the entry for removing barrels, and cost of sales entry.
Given the information on the report – find the return on assets.
Given the information on the garden supply company — create a schedule for each individual assets then create a journal entry.
Given purchased companies, capital expenditures, sold operations, and net income – create a statement of cash flows.