BE 9.13 – Hopyard Lumber
Intermediate Accounting
Spiceland, Nelson, and Thomas
10th Edition
What is the effect of the change on cost of goods sold. (LIFO to FIFO).
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What is the effect of the change on cost of goods sold. (LIFO to FIFO).
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Given ending inventory for both years… find the retained earnings for the beginning of next year.
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Given the granted restricted stock, years until terminated, and the market price per share… calculate the total compensation while also determining the effect on earnings.
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Given the amount of granted options, the purchased shares, years until vesting, market price per share, and the fair value… determine the total compensation along with the effect on earnings.
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Given the granted options, common shares purchased, the years till vesting, market value, fair value, and now provide a forfeiture… determine the effect on earning in two consecutive years.
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Given notes and when they are callable… find what they should be reported as (long-term or current).
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Given the amount borrowed, interest rate, and number of payments they ask you to determine the annual payment amount, prepare an amortization schedule, and prepare a journal entry.
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Gives you the shares in million, declared dividend percentage, and the market price of common stock… prepare the journal entry to record the stock dividend.
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Given the number of shares granted, the par common shares value, the amount of years until employment is terminated, and the market price per share… calculate the total compensation while also indicating the effect on earnings.
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Given the lost inventory, beginning inventory, purchases, and net sales… calculate the gross profit ratio.
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