Exercise 02.03 – Green Wave Company
Financial Accounting
Spiceland, Thomas, and Herrman
05th Edition and 06th Edition
Describe the dual effect on the accounting equation.
Describe the dual effect on the accounting equation.
Describe the dual effect on the accounting equation.
Given the retained earnings in two consecutive years along with net income… determine the amount of dividends declared.
Your numbers will vary.
Given the amount of common stock and treasury stock… determine the number of outstanding shares.
Your numbers will vary.
Given a data table with account balances… determine the total paid-in capital.
Your numbers will vary.
Given common stock, paid-in capital in excess, retained earnings, and total equity… calculate the average selling price.
Your numbers will vary.
Given the beginning inventory, ending inventory, and cost of goods sold they ask you to determine the purchases that were made during the year.
Your numbers will vary.
Given information about the warranty, percent defective, repair costs, and sales of a product… determine the liability for the warranties.
Your numbers will vary.
Given a description of an inventory purchase and sale… determine what accounts would be debited.
Your numbers will vary.
Given purchase price, the fair value of assets, and the fair value of liabilities… determine the amount of goodwill on the purchase.
Your numbers will vary.