BE 01.13 – Select Components/Aspects of Faithful Representation
Financial Accounting
Spiceland, Thomas, and Herrman
05th Edition and 06th Edition
Match each of the given definitions to the faithful representation.
Match each of the given definitions to the faithful representation.
Given balance sheet accounts… calculate the missing amounts.
Your numbers will vary.
Analyze transactions and indicate an increase or decrease in the accounting equation for providing services to customers, receive cash from customers, purchase bike equipment by signing a note, and pay utilities.
Your numbers will vary.
Given transactions (truck, supplies, rent)… record each.
Your numbers will vary.
Given a list of transactions… record each. (Music lessons, insurance, equipment, Note, etc.)
Your numbers will vary.
Given a cash T-Account… determine the balance in the cash account along with determining the transactions that would have resulted in different postings.
Your numbers will vary.
Given three transactions… analyze each using the accounting equation, record each transaction, and post each to T-accounts.
Your numbers will vary.
Given amounts for assets, liabilities, equity, dividends, revenues, and expenses… determine the amount reported for net income.
Your numbers will vary.
Given the cash received, salaries paid, and amount owed… calculate both the cash-basis net income and accrual-basis net income.
Your numbers will vary.
Given the beginning supplies, additional supplies purchased, and ending supplies … record the purchase and calculate the balances.
Your numbers will vary.