Quiz – Julius Co.
Intermediate Accounting
Spiceland, Nelson, and Thomas
10th Edition
Given an income statement and a balance sheet, they ask you to determine the cash flow from operating activities.
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Given an income statement and a balance sheet, they ask you to determine the cash flow from operating activities.
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Given accounts from a trial balance they ask you to prepare a single-step income statement with earnings per share.
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Given accounts from a trial balance they ask you to prepare a multi-step income with earnings per share.
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Given the sales revenue, selling and administration expenses, restructuring charges, and loss on the operation. Asks for the net income for the current year.
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Given net income, accounts payable, and inventory balances they ask you to determine the operating cash flows.
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There are two answers to this solver. Given partial trial balance data they ask you to prepare a single-step and multiple-step income statement.
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Given a trial balance along with the amount of outstanding stock, they ask you to prepare a multiple-step income statement.
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Given a trial balance along with information about the outstanding stock, they ask you to prepare a statement of comprehensive income.
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Given information about cash received and cash paid they ask you to prepare a statement of cash flows using the direct method for operating.
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Given net income, depreciation expense, decrease in accounts receivable, inventory, prepaid insurance, salaries payable, and interest payable. Ask you to prepare a reconciliation of net income to net cash flows.
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