BE 3.06 – Champion Cleaning
Intermediate Accounting
Spiceland, Nelson, and Thomas
10th Edition
Determine the appropriate classification of the items.
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Determine the appropriate classification of the items.
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Given a chart with missing values they ask you to calculate the inventory, property, plant, and equipment, and retained earnings.
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They give you a post-closing trial balance and ask you to calculate the current ratio, acid-test ratio, and debt-to-equity ratio.
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Given two current ratios, they ask you to determine whether a payment of accounts payable would increase or decrease the current ratio.
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Given cash, accounts receivable, current ratio, and acid-test ratio they ask you to determine the current liabilities and inventory.
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Given common stock, retained earnings, dividends, service revenue, salaries, and rent … complete the statement of stockholders’ equity.
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Select the appropriate terms from dropdown menus given multiple paragraphs pertaining to market value added and economic value added. Finally, compute EVA and MVA for Rosnan Industries for the quantitative problem.
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First, you’re asked to select terms in dropdown menus in a large paragraph pertaining to Federal income taxes. Then they ask you to calculate a person(s) taxes owed and also to calculate taxes owed by a corporation.
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Given large paragraphs pertaining to the balance sheet and income statement, you are asked to select the terms from the dropdown menus provided.
Then you’re asked to calculate the NOWC and NWC for Rosnan Industries given two years’ worth of income statements and balance sheets.
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Select the appropriate terms in large paragraphs of text provided, and then calculate the free cash flow for Rosnan Industries given two years’ worth of income statements and balance sheets.
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