Quiz – Flint Hills, Inc.
Intermediate Accounting
Spiceland, Nelson, and Thomas
10th Edition
Prepare the four adjusting journal entries.
Prepare the four adjusting journal entries.
Assuming no income taxes, compute the company’s net income (or loss), total current assets, total current liabilities, and total shareholders’ equity.
Given an annual report to shareholders, they ask you to prepare the income statement for the year-end.
Given an annual report to shareholders, they ask you to prepare the balance sheet.
Find the accounts receivable valued in the balance sheet.
Find what adjusting entry is necessary on June 30?
What is the adjusting entry to record accrued salaries at the end of the month?
Given an income statement and dividend information, they ask you to prepare the necessary closing entries.
Given expenses and fees determine the company’s accrual-basis net income.
Given a list of cash flows and balance sheet information they ask you to prepare an accrual basis income statement and determine the balance sheet amounts.