100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
Solution Manual for Fundamental Accounting Principles, 25th Edition by John Wild & Ken Shaw, Verified Chapters 1 - 26, Complete Newest Version $20.49
Add to cart
Quickly navigate to
Preview
  2.  
  3. Fundamental Accounting Principles, 25th Edition
  4.  
  5. Fundamental Accounting Principles, 25th edition

Exam (elaborations)

Solution Manual for Fundamental Accounting Principles, 25th Edition by John Wild & Ken Shaw, Verified Chapters 1 - 26, Complete Newest Version

1 review
 1 purchase
  • Course
  • Fundamental Accounting Principles, 25th edition
  • Institution
  • Fundamental Accounting Principles, 25th Edition

Solution Manual for Fundamental Accounting Principles, 25th Edition by John Wild & Ken Shaw, Verified Chapters 1 - 26, Complete Newest Version Solution Manual for Fundamental Accounting Principles, 25th Edition by John Wild & Ken Shaw, Verified Chapters 1 - 26, Complete Newest Version Solution Manu...

[Show more]

Preview 10 out of 518  pages

Document information

  • April 4, 2024
  • 518
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers

Subjects

Written for

  • Fundamental Accounting Principles, 25th edition
  • Fundamental Accounting Principles, 25th edition

1  review

review-writer-avatar

By: kelseasocha • 6 months ago

reply-writer-avatar

By: TestBanksStuvia • 6 months ago

Thanks for the Purchase and the Review, Feel Free to Message me at donc8246@gmail.com if in any need of a Test bank and Solution Manual & Success in your studies

Seller

avatar-seller
TestBanksStuvia

Reviews received

Content preview

Solution Manual
Fundamental Accounting Principles,
25th Edition, John Wild Ken Shaw,
Chapters 1 - 26

,TABLE OF CONTENTS


Chapter 1: Accounting in Business

Chapter 2: Analyzing and Recording Transactions

Chapter 3: Adjusting Accounts for Financial Statements

Chapter 4: Completing the Accounting Cycle

Chapter 5: Accounting for Merchandising Operations

Chapter 6: Inventories and Cost of Sales

Chapter 7: Accounting Information Systems

Chapter 8: Cash, Fraud, and Internal Control

Chapter 9: Accounting for Receivables

Chapter 10: Plant Assets, Natural Resources, and Intangibles

Chapter 11: Current Liabilities and Payroll Accounting

Chapter 12: Accounting for Partnerships

Chapter 13: Accounting for Corporations

Chapter 14: Long-Term Liabilities

Chapter 15: Investments

Chapter 16: Reporting the Statement of Cash Flows

Chapter 17: Analysis of Financial Statements

Chapter 18: Managerial Accounting Concepts and Principles

,Chapter 19: Job Order Costing

Chapter 20: Process Costing

Chapter 21: Cost Behavior and Cost-Volume-Profit Analysis

Chapter 22: Master Budgets and Planning

Chapter 23: Flexible Budgets and Standard Costs

Chapter 24: Performance Measurement and Responsibility Accounting

Chapter 25: Relevant Costs for Managerial Decisions

Chapter 26: Capital Budgeting and Investment Analysis

,Chapter 1
Accounting in Business
QUICK STUDIES
Quick Study 1-1 (10 minutes)

1. f Artificial Intelligence
2. c Recording
3. h Recordkeeping (bookkeeping)



Quick Study 1-2 (10 minutes)
a. External user g. External user
b. External user h. External user
c. External user i. Internal user
d. External user j. External user
e. Internal user k. External user
f. External user l. External user



Quick Study 1-3 (10 minutes)
1. Opportunity 4. Opportunity
2. Pressure 5. Pressure
3. Rationalization 6. Rationalization


Quick Study 1-4 (5 minutes)
1. Principle 3. Assumption
2. Assumption 4. Principle

,Quick Study 1-5 (10 minutes)
Attribute Present Proprietorship Partnership Corporation LLC
1. Business taxed no no yes no
2. Limited liability no no yes yes
3. Legal entity no no yes yes



Quick Study 1-6 (10 minutes)
1. Revenue recognition principle
2. Measurement (cost) principle
3. Business entity assumption




Quick Study 1-7 (5 minutes)

Assets = Liabilities + Equity
$700,000 (a) $280,000 $420,000
$500,000 (b) $250,000 (b) $250,000



Quick Study 1-8 (10 minutes)
1.
Assets = Liabilities + Equity
$75,000 (a) $35,000 $40,000
(b) $95,000 $25,000 $70,000
$85,000 $20,000 (c) $65,000

2.
Assets = Liabilities + Owner, - Owner, + Revenues - Expenses
Capital Withdrawals

$40,000 $16,000 $20,000 $ 0 (a) $12,000 $ 8,000
$80,000 $32,000 $44,000 (b) $2,000 $24,000 $18,000

, Quick Study 1-9 (5 minutes)
a. Increase
b. Decrease
c. Increase
d. Decrease


Quick Study 1-10 (15 minutes)

Assets = Liabilities + Equity
Accounts Accounts Owner, Owner,
Cash + = + - + Revenues - Expenses
Recble. Payable Capital Withdrawals
(a) $5,500 = $5,500
Consulting


(b) + $4,000 = + 4,000
Commission


Bal. 5,500 + 4,000 = + 9,500

(c) -1,400 = - $1,400
Wages


Bal. 4,100 + 4,000 = + 9,500 - 1,400

(d) +1,000 + - 1,000 = -

Bal. 5,100 + 3,000 = + 9,500 - 1,400

(e) -700 + = - 700
Cleaning


Bal. $4,400 + $3,000 = + $9,500 - $2,100




1
Copyright © 2021 by McGraw Hill.
All rights reserved. No reproduction or distribution without the prior written consent of McGraw Hill.

, Quick Study 1-11 (15 minutes)


Assets = Liabilities + Equity
Accts. Owner, Owner,
Cash + Supplies + Equip. + Land = + - With- + Rev. - Exp.
Pay. Capital drawals

(a) $15,000 = $15,000

(b) -500 + $500 =


Bal. 14,500 + 500 = + 15,000

(c) + $10,000 = 10,000


Bal. 14,500 + 500 + 10,000 = + 25,000

(d) + 200 = +$200


Bal. 14,500 + 700 + 10,000 = 200 + 25,000

(e) -9,000 + $9,000 =


Bal. $5,500 + $700 + $10,000 + $9,000 = $200 + $25,000




Quick Study 1-12 (10 minutes)

a. Balance sheet e. Balance sheet
b. Statement of cash flows f. Statement of cash flows
c. Balance sheet g. Income statement
d. Income statement h. Balance sheet

,Quick Study 1-13 (5 minutes)
1. Expenses 4. Withdrawals 7. Expenses
2. Revenues 5. Expenses 8. Revenues
3. Expenses 6. Revenues


Quick study 1-14 (5 minutes)
1. Assets 3. Assets 5. Assets
2. Liabilities 4. Liabilities 6. Assets


Quick Study 1-15 (15 minutes)
HAWKIN
Income Statement
For Month Ended December 31
Revenues
Services revenue ................................ $16,000
Expenses
Wages expense................................... $8,000
Rent expense....................................... 1,500
Utilities expense.................................. 700
Total expenses.................................... 10,200
Net income .................................................. $ 5,800



Quick Study 1-16 (15 minutes)
HAWKIN
Statement of Owner‘s Equity
For Month Ended December 31
Hawkin, Capital, December 1 .......................... $10,900
Add: Investments by owner....................... 0
Net income ......................................... 5,800
16,700
Less: Withdrawals by owner ...................... (1,000)
Hawkin, Capital, December 31 ........................ $15,700

,Quick Study 1-17 (15 minutes)
HAWKIN
Balance Sheet
December 31
Assets Liabilities
Cash............................... $ 5,100 Accounts payable ................. $ 6,000
Accounts receivable .... 600
Supplies ........................ 2,000 Equity
Equipment ..................... 14,000 Hawkin, Capital ..................... 15,700
Total assets................... $21,700 Total liabilities and equity .... $21,700




Quick Study 1-18 (15 minutes)
STUDIO ONE
Statement of Cash Flows
For Month Ended December 31
Cash flows from operating activities
Cash received from customers.................................. $23,500
Cash paid for expenditures ........................................ (6,000)
Net cash provided by operating activities ................ 17,500

Cash flows from investing activities
Cash paid for equipment ............................................ (3,000)
Cash paid for truck...................................................... (22,000)
Net cash used by investing activities ....................... (25,000)

Cash flows from financing activities
Cash investments by owner....................................... 11,000
Cash withdrawals by owner ....................................... (2,000)
Net cash provided by financing activities ................ 9,000
Net increase in cash.................................................... $ 1,500
Cash balance, December 1......................................... 1,000
Cash balance, December 31....................................... $ 2,500

, Quick Study 1-19 (10 minutes)

1. Investing activities 5. Operating activities
2. Investing activities 6. Operating activities
3. Operating activities 7. Operating activities
4. Operating activities 8. Financing activities




Quick Study 1-20 (5 minutes)

Improve
Explanation: Deutsche Auto‘s return on assets increased in each of the years shown,
which is a positive result. It suggests the company is more effectively using its assets to
generate net income.




Quick Study 1-21 (10 minutes) a.
Net income $8 billion
Return on assets = Average total assets = $42 billion = 19.0%


b. Better
Explanation: The company‘s 19.0% return on assets exceeds the 11.0% return of its
competitor. This is a positive result. It suggests the company is more effectively using
its assets to generate net income in comparison to its competitor.

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller TestBanksStuvia. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $20.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

64302 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 15 years now

Start selling

Recently viewed by you

Exam (elaborations) ·

(0)

DIAGNOSTIC SKILLS EXAM OSCE (DSE OSCE) – 2019 QUESTIONS AND ANSWERS LATEST UPDATE (2023/2024) ALL ANSWERS 100% CORRECT,GRADED A+ FOR EXCELLENT PASS.

Package deal ·

(0)

Final Exams: COM 312 (Latest 2023/ 2024 Updates BUNDLED TOGETHER WITH COMPLETE SOLUTIONS) Grade A | Questions and Verified Answers| 100% Correct

Summary ·

(0)

UvA Kunstgeschiedenis - Inleiding 3 - HOORCOLLEGE 2 – Industriële Revolutie, Verlichting: “Starchitects” in Europa (1800 - 1900) - Duidelijke Samenvatting

Exam (elaborations) ·

(1)

OHIO MOTORCYCLE TEMPS ACTUAL EXAM COMPLETE QUESTIONS AND CORRECT VERIFIED ANSWERS(DETAILED ANSWERS)|ALREADY GRADED A+|100% GUARANTEED PASS!

Exam (elaborations) ·

(0)

The nurse realizes that sympathetic antagonists mimic the symptoms of which parasympathetic neurotransmitter? a. Acetylcholinesterase

Exam (elaborations) ·

(0)

OCR 2023 GCSE Combined Science B Twenty First Century Science J260/04: Combined science (Foundation Tier) Question Paper & Mark Scheme (Merged)

Exam (elaborations) ·

(0)

Chapter 31: Care of Patients with Infectious Respiratory Problems (Test Bank Medical Surgical Nursing 9th Edition Ignatavicius Workman)

Exam (elaborations) ·

(0)

Burns and Grove's The Practice of Nursing Research Appraisal, Synthesis, and Generation of Evidence 9th Edition By Jennifer R. Gray Test Bank

Exam (elaborations) ·

(0)

TEST BANK FOR CLAYTON’S BASIC PHARMACOLOGY FOR NURSES 19TH EDITION BY MICHELLE J. WILLIHNGANZ, SAMUEL L. GUREVITZ, BRUCE CLAYTON CHAPTER 1-48
$20.49  1x  sold
  • (1)
Add to cart
Added