Exercise 08.13 – Pacific Cruise Lines
Financial Accounting
Spiceland, Thomas, and Herrman
05th Edition and 06th Edition
Determine how to report the situation, explain.
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Determine how to report the situation, explain.
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Record warranty expense, warranty liability, record payment of the actual warranty, and the balance.
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Record the adjusting entry for estimated warranty costs, the summary entry for actual warranty, the adjusting entry for estimated warranty costs, and what is the balance in Warranty Liability.
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Does the excerpt describe a contingent liability, record entry.
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Calculate the current ratio and the acid-test ratio, compare your calculations, and which company appears more likely to have difficulty paying maturing debts.
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Given the account balances along with transactions that occurred during the month… record each transaction, record adjusting entries, prepare a trial balance, prepare an income statement, prepare a balance sheet, record closing entries, and lastly analyze their ratios.
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Which results in the Highest Earnings Per Share?
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Record the issuance of the installment note payable and the first two monthly payments.
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Given the current age, age wanted to retire, and average % of stock market growth in the past 80 years, find how much you will have after investing X amount of money.
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Record the purchase of land, the first and second installment payment, and calculate the balance of Notes Payable and Interest Expense.
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