100% tevredenheidsgarantie Direct beschikbaar na betaling Zowel online als in PDF Je zit nergens aan vast
logo-home
Solutions for Financial & Managerial Accounting, 16th Edition Warren (All Chapters included) €28,61   In winkelwagen

Tentamen (uitwerkingen)

Solutions for Financial & Managerial Accounting, 16th Edition Warren (All Chapters included)

1 beoordeling
 55 keer bekeken  2 keer verkocht
  • Vak
  • Managerial Accounting
  • Instelling
  • Managerial Accounting

Complete Solutions Manual for Financial & Managerial Accounting, 16th Edition by Carl Warren, Jefferson Jones, William B. Tayler ; ISBN13: 9780357714041. (Full Chapters included Chapter 1 to 28). Exercises and Problems included. 1. Introduction to Accounting and Business. 2. Analyzing Transactio...

[Meer zien]

Voorbeeld 3 van de 1931  pagina's

  • 7 december 2023
  • 1931
  • 2023/2024
  • Tentamen (uitwerkingen)
  • Vragen en antwoorden
  • Managerial Accounting
  • Managerial Accounting

1  beoordeling

review-writer-avatar

Door: angel45175 • 1 maand geleden

avatar-seller
Financial & Managerial Accounting
16th Edition
by Carl Warren


Complete Chapter Solutions Manual
are included (Ch 1 to 28)


** Immediate Download
** Swift Response
** All Chapters included
** Exercises & Problems included

, CHAPTER 1
INTRODUCTION TO ACCOUNTING AND BUSINESS

DISCUSSION QUESTIONS

1. Some users of accounting information include managers, employees, investors, creditors,
customers, and the government.
2. The role of accounting is to provide information for managers to use in operating the business.
In addition, accounting provides information to others to use in assessing the economic
performance and condition of the business.
3. The corporate form allows the company to obtain large amounts of resources by issuing stock.
For this reason, most companies that require large investments in property, plant, and equipment
are organized as corporations.
4. No. The business entity assumption limits the recording of economic data to transactions directly
affecting the activities of the business. The payment of the interest of $4,500 is a personal
transaction of Josh Reilly and should not be recorded by Dispatch Delivery Service.
5. The land should be recorded at its cost of $167,500 to Reliable Repair Service. This is consistent
with the cost principle.
6. a. No. The offer of $2,000,000 and the increase in the assessed value should not be recognized
in the accounting records.
b. Cash would increase by $2,125,000, land would decrease by $900,000, and stockholders’
equity would increase by $1,225,000.
7. An account receivable is a claim against a customer for goods or services sold. An account
payable is an amount owed to a creditor for goods or services purchased. Therefore, an account
receivable in the records of the seller is an account payable in the records of the purchaser.
8. (b) The business realized net income of $91,000 ($679,000 – $588,000).
9. (a) The business incurred a net loss of $75,000 ($640,000 – $715,000).
10. (a) Net income or net loss
(b) Common stock and retained earnings at the end of the period
(c) Cash at the end of the period




1-1

, CHAPTER 1 Introduction to Accounting and Business


BASIC EXERCISES
BE 1–1
$320,000. Under the cost principle, the land should be recorded at the cost to Tin
Roofing.


BE 1–2
a. A = L + SE
$690,000 = $375,000 + SE
SE = $315,000

b. A = L + SE
$690,000 + $80,000 = $375,000 + $51,500 + SE
$770,000 = $426,500 + SE
SE = $343,500


BE 1–3
(2) Expense (Advertising Expense) increases by $3,500;
Asset (Cash) decreases by $3,500.
(3) Asset (Supplies) increases by $2,500;
Liability (Accounts Payable) increases by $2,500.
(4) Asset (Accounts Receivable) increases by $18,750;
Revenue (Delivery Service Fees) increases by $18,750.
(5) Asset (Cash) increases by $14,150;
Asset (Accounts Receivable) decreases by $14,150.


BE 1–4
A-One Travel Service
Income Statement
For the Year Ended August 31, 20Y6
Fees earned $1,150,000
Expenses:
Wages expense $640,000
Office expense 150,000
Miscellaneous expense 45,000
Total expenses (835,000)
Net income $ 315,000




1-2

Voordelen van het kopen van samenvattingen bij Stuvia op een rij:

Verzekerd van kwaliteit door reviews

Verzekerd van kwaliteit door reviews

Stuvia-klanten hebben meer dan 700.000 samenvattingen beoordeeld. Zo weet je zeker dat je de beste documenten koopt!

Snel en makkelijk kopen

Snel en makkelijk kopen

Je betaalt supersnel en eenmalig met iDeal, creditcard of Stuvia-tegoed voor de samenvatting. Zonder lidmaatschap.

Focus op de essentie

Focus op de essentie

Samenvattingen worden geschreven voor en door anderen. Daarom zijn de samenvattingen altijd betrouwbaar en actueel. Zo kom je snel tot de kern!

Veelgestelde vragen

Wat krijg ik als ik dit document koop?

Je krijgt een PDF, die direct beschikbaar is na je aankoop. Het gekochte document is altijd, overal en oneindig toegankelijk via je profiel.

Tevredenheidsgarantie: hoe werkt dat?

Onze tevredenheidsgarantie zorgt ervoor dat je altijd een studiedocument vindt dat goed bij je past. Je vult een formulier in en onze klantenservice regelt de rest.

Van wie koop ik deze samenvatting?

Stuvia is een marktplaats, je koop dit document dus niet van ons, maar van verkoper mizhouubcca. Stuvia faciliteert de betaling aan de verkoper.

Zit ik meteen vast aan een abonnement?

Nee, je koopt alleen deze samenvatting voor €28,61. Je zit daarna nergens aan vast.

Is Stuvia te vertrouwen?

4,6 sterren op Google & Trustpilot (+1000 reviews)

Afgelopen 30 dagen zijn er 80364 samenvattingen verkocht

Opgericht in 2010, al 14 jaar dé plek om samenvattingen te kopen

Start met verkopen
€28,61  2x  verkocht
  • (1)
  Kopen