BE 1.07 – Financial Statement
Financial Accounting
Spiceland, Thomas, and Herrman
05th Edition and 06th Edition
Match the given transactions to its financial statement.
Match the given transactions to its financial statement.
Given a list of transactions including the purchase of supplies, services for cash, services on account, and monthly rent… calculate total revenue, net income, and the net cash inflow or outflow.
Your numbers will vary.
Find whether Falcon would report the account as a balance sheet or income statement. Whether it would be an asset, liability, or stockholders’ equity. Whether it would be a revenue or an expense. Whether the transactions are classified as operating, investing, or financing activity.
Calculating net income and stockholders’ equity
Your numbers will vary.
Calculate net loss and stockholder’s equity for Cougar’s Accounting Services.
Your numbers will vary.
Prepare an income statement.
Your numbers will vary.
Prepare a balance sheet.
Your numbers will vary.
From a list of accounts, prepare a balance sheet.
Your numbers will vary.
Calculate the ending balance of cash, then prepare a statement of cash flows
Your numbers will vary.
Prepare an income statement and a statement of stockholders’ equity.
Your numbers will vary.