Chapter 11
Financing Process
Answers to Questions and Problems for Review
Multiple Choice Questions
Discussion Questions
The solutions presented here come from the textbook discussion. Your students may include other insight that is
relevant but not present in these solutions.
1. The underlying tables for qryCreditorInfo are tblStockholderCreditor and tblLoanAgreement. Since
2. If fsub3CashDisbursementDividend were not linked to frmCashDisbursementDividend by StockID, the
3. The following solution is only one possible way to allow for the recording of preferred stock in Pipefitters’
AIS.
Make the following changes to tblStockAgreement: Add a Stock Type field to identify common
4. The following solution is only one possible way to allow for the recording of bonds issued at a discount in
Pipefitters’ AIS.
5. The sophistication of students’ responses will depend on their level of accounting knowledge. Examples of
missing information include
• a field to indicate whether the interest rate is fixed or variable. If the interest rate is variable,
Practice Exercises
The solutions are included in the Ch10-PracticeExercises.accdb file on the Instructor web site.
1. Since loans payable is a balance sheet item, students should only use and end–of-period date constraint for
the sum of cash receipts related to loans and the sum of cash disbursements related to loans.
2. The query for the interest expense is straightforward. It is presented below in Design view.
3. The computation of dividends payable is a three-step process that is similar to the computation for accounts
payable. Sum dividends declared through the balance sheet date. Then sum the dividends paid through the
4. This exercise requires only one query. You can sum both the number of shares issued from
5. Students make a copy of rptEmployeePayRate in the Chapter 10 Reports section in the Navigation Pane
and use it as a starting place. Summing the number of shares owned and cost by stockholder requires two
