Exercise 11.04A – Video Phones, Inc.
Financial Accounting
Spiceland, Thomas, and Herrman
05th Edition and 06th Edition
Using the indirect method, prepare the statement of cash flows.
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Using the indirect method, prepare the statement of cash flows.
Your numbers will vary.
Prepare the statement of cash flows using the indirect method.
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Given a list of transactions… record each transaction, post each transaction to T-accounts, then prepare a trial balance.
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(7 Part) Given the account balances and transactions… record each transaction, record adjusting entries, prepare a trial balance, prepare an income statement, prepare a balance sheet, record closing entries, and analyze financial ratios.
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Given select financial data… prepare an income statement, statement of stockholders’ equity, and a balance sheet.
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(11 Part) Given account balances along with transactions for the year… set up T-accounts, record the transactions, prepare an unadjusted trial balance, record adjusting entries, post adjustments, prepare an adjusted trial balance, prepare an income statement, prepare a balance sheet, record closing entries, post closings, and lastly prepare a post-closing trial balance.
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Given a list of transactions regarding their shares of common stock, preferred stock, and treasury stock… record each entry while also determining the effect on the assets, liabilities, and stockholders’ equity.
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Given a list of transactions about the buying and selling of preferred, common, and treasury stock… prepare the stockholders’ equity section of a balance sheet along with a statement of stockholders’ equity.
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Given information regarding the purchase and selling of common, preferred, and treasury stock… prepare the stockholder’s equity section of a balance sheet along with the statement of stockholders’ equity.
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Given an income statement, balance sheet, and additional information… prepare a statement of cash flows.
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