Quiz – Bronco Electronics
Intermediate Accounting
Spiceland, Nelson, and Thomas
10th Edition
Compute the company’s current assets, shareholders’ equity, long-term assets, and long-term liabilities.
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Your numbers will vary.
Compute the company’s current assets, shareholders’ equity, long-term assets, and long-term liabilities.
Your numbers will vary.
Given an adjusted trial balance they ask you to prepare a classified balance sheet.
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Given financial statement data, they ask you to determine the company’s long-term debt-to-equity ratio equity.
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Given a balance sheet and additional information they ask you to prepare a completed and corrected balance sheet.
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Given account balances from the trial balance they ask you to determine the amount that should be included in the current assets section of the balance sheet.
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Given a balance sheet, they ask you to identify and explain the deficiencies in the statement.
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Compute the current ratio, the acid-test ratio, the debt-to-equity ratio, the time’s interest earned ratio, and the return on shareholders’ equity ratio for the company.
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Compute the missing amounts in the balance sheet.
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Given a partial trial balance they ask you to determine the company’s working capital at year-end.
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Given a balance sheet they ask you to determine the acid-test ratio.
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