BE 04.06 – Record The Transactions
Financial Accounting
Spiceland, Thomas, and Herrman
05th Edition and 06th Edition
Given three transactions… record each of them. (Salary, computer, maintenance)
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Given three transactions… record each of them. (Salary, computer, maintenance)
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Given the amount of a petty cash fund along with other expenditures… record credit card and petty cash expenditures.
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Given the issued stock, loan obtained, services provided, employee salaries, and cash dividends… determine the financing cash flows reported.
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Given cash, total assets, and total liabilities for two companies… calculate the ratio of cash to noncash assets.
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Question 1: They give you sales, CGS, selling and admin expenses, interest, gain, and ask for a single-step income statement. Question 2: This question asks for both the operating and nonoperating income. Question 3: Create a multi-step income statement. This solver solves all questions.
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Given a partial year-end adjusted trial balance… determine the operating income, the income before taxes, and the net income.
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Prepare the lower portion of the income statement and the earnings per share.
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Given the amount the business was sold for, the book value, the loss on operations, the pretax income, and the tax rate… prepare the lower portion of the income statement.
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Given the sale of the business, the book value, the loss from operations, the pretax income, the income tax rate, and the estimated fair value of assets… prepare the bottom half of the income statement.
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The version of this problem contains a book value that is greater than the estimated fair value. Given you the sale of a business, the loss on operations, the pretax income, and the tax rate… prepare the lower portion of the income statement.
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