Quiz – Whiteside Incorporated
Intermediate Accounting
Spiceland, Nelson, and Thomas
10th Edition
Given a statement of cash flows, they ask you to prepare a statement of cash flows under IFRS.
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Given a statement of cash flows, they ask you to prepare a statement of cash flows under IFRS.
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Given the number of options granted and given to executives, the exercise price on the grant date, and the vesting date, determine either the compensation expense, the journal entry if options are exercised, or the journal entry if the options expire.
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Determine the deferred tax liability related to the excess depreciation at the end of the current year.
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Given the increase in the cost of goods sold and the tax rate, they ask you to determine the correct statement.
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Given a deficit in retained earnings, which is a debit balance, common stock, paid-in-capital, treasury stock, net income, and dividends, determine the shareholders’ equity.
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Estimate the cost of ending inventory applying the conventional retail method when given beginning inventory, purchases, markups, markdowns, spoilage, and net sales.
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Given the information, prepare the journal entries and the posted amounts of the two accounts for required a and b.
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