Danielle Wants to Know How Much to Invest Now…
Intermediate Accounting
Spiceland, Nelson, and Thomas
10th Edition
Asks what table to use to invest some money now in order to accumulate money later
E 21.09 – Income Taxes
Intermediate Accounting
Spiceland, Nelson, and Thomas
10th Edition
Given the interest expense, the interest payable increase or decrease, and the deferred tax liability… find the cash paid for interest in 9 different situations.
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Your numbers will vary.
Estate Construction is constructing a building for CyberB. When should Estate recognize revenue?
Intermediate Accounting
Spiceland, Nelson, and Thomas
10th Edition
Asks when the contractor should recognize revenue.
For bank reconciliations, deposits outstanding would be…
Intermediate Accounting
Spiceland, Nelson, and Thomas
10th Edition
They ask how to treat deposits outstanding in bank reconciliations.
For long-term construction contracts, income is recognized in each year when revenue is recognized HOW
Intermediate Accounting
Spiceland, Nelson, and Thomas
10th Edition
At point in time? Or is it over time, or both?
Fran Smith With Two Investment Opportunities…
Intermediate Accounting
Spiceland, Nelson, and Thomas
10th Edition
Tells you one investment compounded annually and the second investment compounded quarterly and asks which should chose.
Given a Set of Present Value Tables…
Intermediate Accounting
Spiceland, Nelson, and Thomas
10th Edition
They ask what else is needed besides tables, interest rate, amt of payment, and number of pmts.
How Can You State Accounting Equation:
Intermediate Accounting
Spiceland, Nelson, and Thomas
10th Edition
Asks how to state accounting equation
How Many of These Items Will Be SUBRACTED From Net Income…
Intermediate Accounting
Spiceland, Nelson, and Thomas
10th Edition
They give you a long list of items and ask which are subtracted from net income (decrease in accounts receivable, issue common stock, etc.)