Adie, Miles, Auer Used Cars
Intermediate Accounting
Spiceland, Nelson, and Thomas
10th Edition
Gives a accounts receivable and the estimated amount not collected and asks what the accounts receivable would be valued at.
Gives a accounts receivable and the estimated amount not collected and asks what the accounts receivable would be valued at.
This is the easier of two versions. The only info given is sales commission %, inventory shipped, amount sold at cost and retail. Asks what amount of inventory the company reports at year-end?
Your numbers will vary.
Given the cost of preparation, the expected amount of coal extracted, and the actual amount of coal extracted… calculate the amount of depletion along with determining if depletion is part of product costs.
Your numbers will vary.
Given the beginning inventory, net purchases, net markups, net markdowns, and net sales… find the ending inventory and cost of goods sold.
Your numbers will vary.
Given the amount, length, and percent of a note along with the time and percent they discounted it at… find the cash proceeds received.
Your numbers will vary.
Determine the income tax payable of the company for the first year of operations.
Your numbers will vary.
Determine the income tax expense of the company for the first year of operations.
Your numbers will vary.
Determine the deferred tax liability of the company reflected on the year-end balance sheet after the second year.
Your numbers will vary.
Determine the deferred tax liability of the company reflected on the year-end balance sheet in the second year.
Your numbers will vary.
Given the pretax accounting income, overweight fines, depreciation, and tax rate they ask you to determine the entry that should have been recorded.
Your numbers will vary.