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
Test Bank For Financial Accounting, 11th Edition by Robert Libby, Patricia Libby, Complete Chapters 1 - 13, Verified Newest Version A+ $11.99
Add to cart
Quickly navigate to
Preview
  2.  
  3. Financial Accounting, 11th Edition
  4.  
  5. Financial Accounting, 11th Edition

Exam (elaborations)

Test Bank For Financial Accounting, 11th Edition by Robert Libby, Patricia Libby, Complete Chapters 1 - 13, Verified Newest Version A+
 7 views  0 purchase
  • Course
  • Financial Accounting, 11th Edition
  • Institution
  • Financial Accounting, 11th Edition
  • Book
  • ISE Financial Accounting

Test Bank For Financial Accounting, 11th Edition by Robert Libby, Patricia Libby, Complete Chapters 1 - 13, Verified Newest Version A+

Preview 4 out of 2177  pages

Document information

  • November 18, 2024
  • 2177
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • test
  • bank
  • for
  • financial
  • accounting
  • 11th
  • edition
  • robert
  • libby
  • patricia
  • complete
  • guide
  • all
  • chapters
  • latest
  • verified
  • 2025
  • 2026
  • 2024
  • test bank for financial accounting 11th edition
  • by
  • 1
  • to
  • 13

Connected book

book image

Book Title:

Author(s):

  • Edition:
  • ISBN:
  • Edition:

More summaries for

  • Solution Manual for Financial Accounting 11th Edition Robert Libby, Patricia Libby, Complete Chapters 1 - 13, Verified Newest Version
  • Solution Manual for Financial Accounting 11th Edition Robert Libby, Patricia Libby, Complete Chapters 1 - 13, Verified Newest Version and latest solution manual
  • TEST BANK Financial Accounting 11th Edition Libby, Libby, Hodge
All for this textbook (60)

Written for

  • Financial Accounting, 11th Edition
All documents for this subject (89)

Seller

avatar-seller
TestBankStuvia

Reviews received

Content preview

TEST BANK
Financial Accounting, 11th Edition
by Robert Libby, Patricia Libby, Frank Hodge, All Chapters 1-13

, TABLE OF CONTENTS Y Y




CHAPTER 1: Financial Statements and Business Decisions
Y Y Y Y Y Y



Focus Company: Le-Nature’s Inc.
Y Y Y



CHAPTER 2: Investing and Financing Decisions and the Accounting System
Y Y Y Y Y Y Y Y Y



Focus Company: Chipotle Mexican Grill
Y Y Y Y



CHAPTER 3: Operating Decisions and the Accounting System
Y Y Y Y Y Y Y



Focus Company: Chipotle Mexican Grill
Y Y Y Y



CHAPTER 4: Adjustments, Financial Statements, and the Closing Process
Y Y Y Y Y Y Y Y



Focus Company: Chipotle Mexican Grill
Y Y Y Y



CHAPTER 5: Communicating and Analyzing Accounting Information
Y Y Y Y Y Y



Focus Company: Apple Inc.
Y Y Y



CHAPTER 6: Reporting and Interpreting Sales Revenue, Receivables, and Cash
Y Y Y Y Y Y Y Y Y



Focus Company: Skechers U.S.A.
Y Y Y



CHAPTER 7: Reporting and Interpreting Cost of Goods Sold and Inventory
Y Y Y Y Y Y Y Y Y Y



Focus Company: Harley-Davidson, Inc.
Y Y Y



CHAPTER 8: Reporting and Interpreting Property, Plant, and Equipment; Intangibles; and Nat
Y Y Y Y Y Y Y Y Y Y Y



ural Resources
Y



Focus Company: FedEx Corporation
Y Y Y



CHAPTER 9: Reporting and Interpreting Liabilities
Y Y Y Y Y



Focus Company: Starbucks
Y Y



CHAPTER 10: Reporting and Interpreting Bond Securities
Y Y Y Y Y Y



Focus Company: Amazon
Y Y



CHAPTER 11: Reporting and Interpreting Stockholders’ Equity
Y Y Y Y Y Y



Focus Company: Microsoft
Y Y



CHAPTER 12: Statement of Cash Flows
Y Y Y Y Y



Focus Company: National Beverage Corporation
Y Y Y Y



CHAPTER 13: Analyzing Financial Statements
Y Y Y Y



Focus Company: The Home Depot
Y Y Y Y

, CHAPTER 1: Financial Statements and Business Decisions
Y Y Y Y Y Y


Focus Company: Le-Nature’s Inc.
Y Y Y



Answers are at the end of each Chapter
Y Y Y Y Y Y Y




Chapter 1 Y




Student name:
Y




1) DetermineYtheYmissingYamountsYforYeachYindependentYcaseYbelow.YAssumeYtheYamountsYs
hownYareYatYtheYendYofYtheYcompany'sYfirstYyearYofYoperation.
CompanyY TotalYRev TotalYA TotalYEx TotalYLiabiliti NetYIncomeY( StockholdersY'YE
Name enue ssets penses e Loss) quity
s
Randolph $ $ $ $
600,00
Y 450,00
Y Y350,00 Y130,000

0 0 0
Newman $ $ $ $Y75,000
105,00
Y Y80,000 Y10,000

0
Wiseman $ $ $(30,000 $Y100,000
190,00
Y 70,000
Y )
0
Martin $ $ $ $
180,00
Y 215,00
Y 115,00
Y 75,000
Y

0 0 0
VanTasse $ $ $ $Y79,000
l 55,000 75,000 19,000

, QuestionYDetails
AACSBY:YKnowledgeYApplicationY
AICPAY:YBBYCriticalYThinkingYAI
CPAY:YFNYMeasurementYBloom'sY:
YApply

DifficultyY:Y2YMedium
LearningYObjectiveY:Y01-
01YRecognizeYtheYinformationYconveyedYinYeachYofYtheYfourYbasicYfinancialYstaYTopicY:YDistinguishYdiffer
entYfinancialYstatements
TypeY:YStatic
AccessibilityY:YKeyboardYNavigationYAccessibilit
yY:YScreenYReaderYCompatibleYGradableY:Ymanu
al




2) Frank’sYFlowerYCompany,YaYsmallYretailYstoreYthatYsellsYflowers,YstartedYbusinessYonYJa
nuaryY1,Y2022.YAtYtheYendYofYJanuaryY2022,YtheYfollowingYinformationYwasYavailable:
SalesYofYflowersYforYcash $Y150,000
SalesYofYflowersYforYcreditY(notYyetYcollected) 30,000
CostYofYflowersYwhichYwereYsoldYandYpaidYforYduringYJanuary 90,000
ExpensesYduringYJanuaryYincurred,YandYpaidYfor,YduringYJanuaryYunlessYotherwiseYnoted:
Salaries $Y10,000
Telephone 500
OfficeYsuppliesY(allYused) 300
Electricity 600
RentYonYtheYstoreYforYJanuary,Y2022Y(willYnotYbeYpaidYuntil 2,000
February,Y2022)
Required:A.UsingYtheYaboveYinformation,YprepareYtheYincomeYstatementYforYFrank’sYFlowerYComp
anyYforYtheYmonthYendedYJanuaryY31,Y2022.
B.WhatYisYtheYamountYofYcashYflowsYprovidedYbyYoperatingYactivitiesYtoYbeYpresentedYonYtheYstateme
ntYofYcashYflows?

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 TestBankStuvia. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $11.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

52928 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$11.99
  • (0)
Add to cart
Added