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.
Given changes in account balances as either debits or credits, including assets, common stock, liabilities, and paid-in capital, determine net income for the year.
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?
Determine the tax expense on income from continuing operations, income from continuing operations, net income, and income tax payable for the current year for Hobson Corp, based on the provided financial information.
They tell you they deposit money into a bond sinking fund at the end of each year for a few years and asks what it will accumulate to.
They tell you an investor purchases a $1000 par value bond that pays semiannual interest and they ask you the current market value of the bond.
They sell an asset and buyer agrees to make annual payments and they ask for the amount of the annual payment beginning on date of sale.
They give you the bundle price and the sold separate prices of a computer and a one year maintenance agreement and asks for the revenue for the first month.
They tell you Taylor provides handyman services to King and asks the amount of revenue for the first year.
They give you a list of accounts and ask for the missing amounts (inventory, equipment, total assets, accounts payable, long-term debt). Part2 they ask for the balance sheet.