Quiz – Jacobsen Corporation
Intermediate Accounting
Spiceland, Nelson, and Thomas
10th Edition
Given the before-tax income, the unusual gain, loss on operations, and the tax rate they ask you to determine the income reported under GAAP and IFRS.
Given the before-tax income, the unusual gain, loss on operations, and the tax rate they ask you to determine the income reported under GAAP and IFRS.
Given operating loss, estimated losses, and excess fair value over book value they ask you to determine reported before-tax loss on discontinued operations in the company’s income statement for the year-end.
Given an income statement and a balance sheet, they ask you to determine the cash flow from operating activities.
Given accounts from a trial balance they ask you to prepare a single-step income statement with earnings per share.
Given accounts from a trial balance they ask you to prepare a multi-step income with earnings per share.
Find what the company’s cash flows from operating activities would be.
Given the sales revenue, selling and administration expenses, restructuring charges, and loss on the operation. Asks for the net income for the current year.
Find Misty’s income from continuing operations.
Given net income, accounts payable, and inventory balances they ask you to determine the operating cash flows.
There are two answers to this solver. Given partial trial balance data they ask you to prepare a single-step and multiple-step income statement.