BE 9.02 – SLR Corporation
Intermediate Accounting
Spiceland, Nelson, and Thomas
10th Edition
Determine the carrying value of inventory and before tax effect.
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Determine the carrying value of inventory and before tax effect.
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Given the cost, replacement cost, selling price, and normal profit price… find the unit value.
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Given units, cost, replacement cost, sell price, sell cost, and normal profit… find the effect of LCM adjustment and cost of the market.
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Estimate the cost of the inventory destroyed by the hurricane using the gross profit method.
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Estimate ending inventory and cost of goods sold. (Avg Cost Retail Method)
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What is the effect of the change on cost of goods sold. (LIFO to FIFO).
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Given ending inventory for both years… find the retained earnings for the beginning of next year.
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Agree or disagree and state accounting concept applied.
Given the granted restricted stock, years until terminated, and the market price per share… calculate the total compensation while also determining the effect on earnings.
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Given the amount of granted options, the purchased shares, years until vesting, market price per share, and the fair value… determine the total compensation along with the effect on earnings.
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