MC 11-81 – Archie Co.
Intermediate Accounting
Spiceland, Nelson, and Thomas
10th Edition
Given the amount a framing machine was purchased for, the life span, and the residual value… calculate the depreciation in year two along with book value.
Given the amount a framing machine was purchased for, the life span, and the residual value… calculate the depreciation in year two along with book value.
Given the balance sheet amounts for equipment and depreciation along with the amount of years of depreciation and salvage value… determine the average age of the equipment.
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 the money today and ask how many years to accumulate the money to buy the car.
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.