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.
Identify the effect, increased or decreased, of the different transactions stated towards the company’s assets and specify the account affected
Find whether Falcon would report the account as a balance sheet or income statement. Whether it would be an asset, liability, or stockholders’ equity. Whether it would be a revenue or an expense. Whether the transactions are classified as operating, investing, or financing activity.
Determine the proper classification of income statement items.
Given a list of transactions… determine the type of activity (O,I,F,NC) along with determining if it is a cash inflow or outflow.
Your numbers will vary.
Asks for the insurance expense that would appear on the income statement.