Concept – Common-Size Statements
Managerial Accounting
Garrison, Noreen, and Brewer
17th Edition
Which is correct regarding a common-size income statement?
Which is correct regarding a common-size income statement?
What is not a reason why managers would use financial statement analysis?
Which is not a limitation of professional financial statement analysis?
Match the term and the definition. (Credit sales into cash, 365 divided by accts rec turn, time from inventory to cash)
Match the term (dent to equity, common measure for creditors, fin leverage)
Given the pretax accounting income, the taxable income, and the tax rate… calculate the net income along with reporting the deferred tax liability and income tax payable.
Your numbers will vary.
Given the amount that they purchased equipment for, the book value and tax basis for two years, and the pretax accounting income… prepare a journal entry for the taxes along with calculating the net income.
Your numbers will vary.
Given the amount that they purchased equipment for, the book value for two different years, the pretax accounting income, and the tax rate… prepare a journal entry for the taxes along with calculating net income.
Your numbers will vary.
Given the balance of a deferred tax account, the book-tax difference, the temporary difference, the taxable income, and the tax rate… prepare two different journal entries for the tax expenses.
Your numbers will vary.
Given the amount they purchased a truck for, the expected life, the deduction percent for three years, the pretax accounting income, the interest, and the tax rate… calculate taxes and prepare a journal entry along with calculating the net income.
Your numbers will vary.