Archives: Solution Manual
978-0078025556 Chapter 4 Excel Part 2
2012 2011 $ 145,273 $ 340,257 89,854 116,420 36,673 36,502 250,073 229,561 69,876 66,886 5,243 14,351 596,992 803,977 684,979 586,346 126,913 351,988 74,824 52,010 1,483,708$ 1,794,321$ 95,754 82,904 15,630 20,212 122,082 107,908 233,466 211,024 183,974 171,749 417,440 382,773 – – […]
978-0078025556 Chapter 4 Excel Part 1
Student Name: Class: Requirement 1: (a) Correct! (b) Correct! (c) Correct! (d) Correct! (e) Correct! (f) Correct! (g) Correct! (h) Correct! Requirement 2: Balance Sheet Income Statement Stockholders’ Net Transaction Assets Liabilities Equity Revenues Expenses Income (a) NE (5,600) 5,600 […]
978-0078025556 Chapter 3 Solution Manual Part 4
Chapter 03 – Operating Decisions and the Accounting System CP3-2. (continued) 4. Dollars in thousands: Fiscal year ended Net Income ÷ Net Sales (or Operating) Revenues = Net Profit Margin Ratio 2012 $185,251 $2,473,801 0.075 or 7.5% 2011 272,958 2,274,102 […]
978-0078025556 Chapter 3 Solution Manual Part 3
Chapter 03 – Operating Decisions and the Accounting System P3–7. (continued) Req. 2 Transaction Operating, Investing, or Financing Cash Flows Direction and Amount of the Effect (in thousands) (a) O +596,042 (b) O –401,630 (c) F –47,100 (d) O +365,693 […]
978-0078025556 Chapter 3 Solution Manual Part 2
Chapter 03 – Operating Decisions and the Accounting System E3–10. (continued) Req. 3 Net income using the accrual basis of accounting: Revenues $19,850 ($19,000 + $850) – Expenses 16,900 ($16,500 + $400) Net Income (accrual basis) $ 2,950 Assets = […]
978-0078025556 Chapter 3 Solution Manual Part 1
Chapter 03 – Operating Decisions and the Accounting System Chapter 3 Operating Decisions and the Accounting System ANSWERS TO QUESTIONS 1. A typical business operating cycle for a manufacturer would be as follows: inventory is purchased, cash is paid to […]
978-0078025556 Chapter 3 Lecture Note Part 2
Chapter 03 – Operating Decisions and the Accounting System 3-15 HANDOUT 3 – 1, continued (g) Paid $3,000 insurance for next year in advance. Debit and credit the accounts affected Ensure the equation still balances and debits = credits Assets […]
978-0078025556 Chapter 3 Lecture Note Part 1
Chapter 03 – Operating Decisions and the Accounting System 3-1 CHAPTER 3 OPERATING DECISIONS AND THE ACCOUNTING SYSTEM Learning Objectives and Related Assignment Materials Learning Objectives Mini- Exercises Exercises Problems Alternate Problems Cases and Projects Continuing Case 1. Describe a […]
978-0078025556 Chapter 3 Exercise Solution
Chapter 03 – Operating Decisions and the Accounting System © 2014 by McGraw-Hill Global Education Holdings, LLC. This is proprietary material solely for authorized instructor use. Not authorized for sale or distribution in any manner. This document may not be […]
978-0078025556 Chapter 3 Excel
Student Name: Class: Revenues: 4,700$ Expenses: 2,200 400 1,300 400 4,300 Net Income 400$ Correct! Net Net Sales Net Profit Income Revenue Margin Ratio 2016 22,000 93,500 23.5% «- Correct! 2015 11,000 82,500 13.3% «- Correct! 2014 4,400 55,000 8.0% […]
978-0078025556 Chapter 2 Solution Manual Part 3
Chapter 02 – Investing and Financing Decisions and the Accounting System AP2–2. (continued) Req. 2 Assets = Liabilities + Stockholders’ Equity Cash Notes Receivable Long-Term Investments Equipment Building Short-Term Notes Payable Long-Term Notes Payable Common Stock Additional Paid-in Capital Retained […]
978-0078025556 Chapter 2 Solution Manual Part 2
Chapter 02 – Investing and Financing Decisions and the Accounting System E2–13. Req. 1 Assets $ 10,500 = Liabilities $ 3,000 + Stockholders’ Equity $ 7,500 Req. 2 Cash Short-Term Investments Property & Equipment Beg. 5,000 Beg. 2,500 Beg. 3,000 […]
978-0078025556 Chapter 2 Solution Manual Part 1
Chapter 02 – Investing and Financing Decisions and the Accounting System Chapter 2 Investing and Financing Decisions and the Accounting System ANSWERS TO QUESTIONS 1. The primary objective of financial reporting for external users is to provide financial information about […]
978-0078025556 Chapter 2 Lecture Note Part 2
Chapter 02 – Investing and Financing Decisions and the Accounting System 2-21 HANDOUT 2 – 1 SOLUTION, continued (d) Purchase $300 worth of supplies on credit. “On credit” (or “on account”) means that you receive the supplies now, and pay […]
978-0078025556 Chapter 2 Lecture Note Part 1
Chapter 02 – Investing and Financing Decisions and the Accounting System 2-1 CHAPTER 2 INVESTING AND FINANCING DECISIONS AND THE ACCOUNTING SYSTEM Learning Objectives and Related Assignment Materials Learning Objectives Mini- Exercises Exercises Problems Alternate Problems Cases and Projects Continuing […]
978-0078025556 Chapter 2 Exercise Solution
Chapter 02 – Investing and Financing Decisions and the Accounting System © 2014 by McGraw-Hill Global Education Holdings, LLC. This is proprietary material solely for authorized instructor use. Not authorized for sale or distribution in any manner. This document may […]
978-0078025556 Chapter 2 Excel
Student Name: Class: = + Short-term Notes ST Notes LT Notes Common Additional Retained Cash Investments Receivable Land Building Equipment Payable Payable Stock Pd-In Capital Earnings Beg. 50,000 500,000 100,000 50,000 = 100,000 100,000 + 20,000 80,000 400,000 (a) 90,000 […]
978-0078025556 Chapter 13 Solution Manual Part 2
Financial Accounting, 8/e 13–19 © 2014 by McGraw-Hill Global Education Holdings, LLC. This is proprietary material solely for authorized instructor use. Not authorized for sale or distribution in any manner. This document may not be copied, scanned, duplicated, forwarded, distributed, […]
978-0078025556 Chapter 13 Solution Manual Part 1
Chapter 13 Analyzing Financial Statements ANSWERS TO QUESTIONS 1. Primary items on the financial statements about which creditors usually are concerned include: (a) income—profit potential of the business, (b) cash flows—ability of the business to generate cash, and (c) assets […]
978-0078025556 Chapter 13 Lecture Note
Chapter 13 – Analyzing Financial Statements 13-1 CHAPTER 13 ANALYZING FINANCIAL STATEMENTS Learning Objectives and Related Assignment Materials Copyright © 2014 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. Learning Objectives […]
978-0078025556 Chapter 13 Exercise Solution
Chapter 13 – Analyzing Financial Statements © 2014 by McGraw-Hill Global Education Holdings, LLC. This is proprietary material solely for authorized instructor use. Not authorized for sale or distribution in any manner. This document may not be copied, scanned, duplicated, […]
978-0078025556 Chapter 13 Excel
Student Name: Class: Earnst Young Company Company Correct!-» 18.9% 13.2% «- Correct! Correct!-» 12.3% 11.9% «- Correct! Correct!-» 6.6% 1.3% «- Correct! Correct!-» 3.04$ 1.78$ «- Correct! Correct!-» 10.1% 11.3% «- Correct! Correct!-» 3.2 2.0 «- Correct! Correct!-» 0.41 0.43 […]
978-0078025556 Chapter 12 Solution Manual Part 3
Chapter 12 – Statement of Cash Flows ALTERNATE PROBLEMS AP12–1. Req. 1 Related Cash Balance sheet at December 31 Flow Section 2015 2014 Change Δ in Cash Cash $34,000 $29,000 +5,000 10 Net increase in cash O Accounts receivable 45,000 […]
978-0078025556 Chapter 12 Solution Manual Part 2
Chapter 12 – Statement of Cash Flows E12–22 Req. 1 Panel A: Changes in Cash Account Operating (1) Net Income 20,200 7,000 (3) Inventory (2) Depreciation Expense 3,000 3,000 (4) Accounts Payable (6) Income Taxes Payable 1,500 1,000 (5) Wages […]
978-0078025556 Chapter 12 Solution Manual Part 1
Chapter 12 – Statement of Cash Flows Chapter 12 Statement of Cash Flows ANSWERS TO QUESTIONS 1. The income statement reports revenues earned and expenses incurred during a period of time. It is prepared on an accrual basis. The balance […]
978-0078025556 Chapter 12 Lecture Note Part 2
Chapter 12 – Statement of Cash Flows 12–13 VI. Chapter Supplement A: Reporting Cash Flows from Operating Activities – Direct Method A. Direct method – presents a summary of all operating transactions that result in either a debit or a […]
978-0078025556 Chapter 12 Lecture Note Part 1
Chapter 12 – Statement of Cash Flows 12-1 CHAPTER 12 STATEMENT OF CASH FLOWS Learning Objectives and Related Assignment Materials Learning Objectives Mini- Exercises Exercises Problems Alternate Problems Cases and Projects 1. Classify cash flow statement items as part of […]
978-0078025556 Chapter 12 Exercise Solution
Chapter 12 – Statement of Cash Flows © 2014 by McGraw-Hill Global Education Holdings, LLC. This is proprietary material solely for authorized instructor use. Not authorized for sale or distribution in any manner. This document may not be copied, scanned, […]
978-0078025556 Chapter 12 Excel
Student Name: Class: 2015 2014 Change 73,250$ 63,500$ 9,750 Correct! 15,250 21,350 (6,100) Correct! 23,450 18,000 5,450 Correct! 209,250 160,350 48,900 Correct! (57,450) (45,750) (11,700) Correct! 263,750$ 217,450$ Correct! Correct! 16,500$ 19,000$ (2,500) Correct! 2,000 2,700 (700) Correct! 56,300 71,000 […]
978-0078025556 Chapter 11 Solution Manual Part 3
Chapter 11 – Reporting and Interpreting Owners’ Equity P11–12. (continued) Req. 2 Case A: Sole Proprietorship Statement of Owner’s Equity A, Capital, January 1 ……………………………………………………. $52,000 Less: Net loss ……………………………………………………………… 20,000 Total ………………………………………………………………………. 32,000 Less: Withdrawals ……………………………………………………….. 9,000 A, Capital, […]
978-0078025556 Chapter 11 Solution Manual Part 2
Chapter 11 – Reporting and Interpreting Owners’ Equity E11–20. July 15 Retained earnings (-SE) ……………………………………………….. 119,900,000 Cash (-A) ………………………………………………………………… 119,900,000 Declaration and payment of preferred dividends. Retained earnings (-SE) ……………………………………………….. 691,688,600 Cash (-A) ………………………………………………………………… 691,688,600 Declaration and payment of common […]
978-0078025556 Chapter 11 Solution Manual Part 1
Chapter 11 – Reporting and Interpreting Owners’ Equity Chapter 11 Reporting and Interpreting Owners’ Equity ANSWERS TO QUESTIONS 1. A corporation is a separate legal entity (authorized by law to operate as an individual). It is owned by a number […]
978-0078025556 Chapter 11 Lecture Note Part 2
Chapter 11 – Reporting and Interpreting Owners’ Equity 11–14 Supplemental Enrichment Activities Note: These activities would be suitable for individual or group activities. 1. Use the following for an in-class discussion of the concepts of authorized, issued, and outstanding. Ask […]
978-0078025556 Chapter 11 Lecture Note Part 1
Chapter 11 – Reporting and Interpreting Owners’ Equity 11-1 CHAPTER 11 REPORTING AND INTERPRETING OWNERS’ EQUITY Learning Objectives and Related Assignment Materials Learning Objectives Mini- Exercises Exercises Problems Alternate Problems Cases and Projects 1. Explain the role of stock in […]
978-0078025556 Chapter 11 Exercise Solution
Chapter 11 – Reporting and Interpreting Owners’ Equity © 2014 by McGraw-Hill Global Education Holdings, LLC. This is proprietary material solely for authorized instructor use. Not authorized for sale or distribution in any manner. This document may not be copied, […]
978-0078025556 Chapter 11 Excel
Student Name: Class: 65,000$ 344,000 49,000 181,000 639,000 96,000 735,000$ Correct! Total Stockholders’ Equity Total contributed capital Contributed capital: Problem 11-02 McGraw-Hill/Irwin Instructor Stockholders’ Equity WITT CORPORATION Retained earnings Preferred stock authorized 21,000 shares; issued and outstanding, 6,500 shares Capital […]
978-0078025556 Chapter 10 Solution Manual Part 3
P10–13. When a bond is sold for a premium, the amount of cash collected is greater than the maturity value. This extra amount is called a bond premium. The recorded value for this liability is the maturity value plus the […]
978-0078025556 Chapter 10 Solution Manual Part 2
E10–21. Bonds payable (-L) ………………………………………………………. 1,200,000 Loss on bond call (+Loss, –SE) ……………………………………… 159,000 Discount on bonds payable (-XL,+ L) ………………………….. 75,000 Cash (-A) ………………………………………………………………… 1,284,000 E10–22. 1. Impacts Statement of Cash Flows (SCF) : report $960,000 inflow in financing […]
978-0078025556 Chapter 10 Solution Manual Part 1
Chapter 10 Reporting and Interpreting Bonds ANSWERS TO QUESTIONS 1. A bond is a liability that may or may not be secured by a mortgage on specified assets. Bonds usually are in denominations of $1,000 or $10,000, are transferable by […]
978-0078025556 Chapter 10 Lecture Note
Chapter 10 – Reporting and Interpreting Bonds 10-1 CHAPTER 10 REPORTING AND INTERPRETING BONDS Learning Objectives and Related Assignment Materials Copyright © 2014 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. […]
978-0078025556 Chapter 10 Exercise Solution
Chapter 10 – Reporting and Interpreting Bonds © 2014 by McGraw-Hill Global Education Holdings, LLC. This is proprietary material solely for authorized instructor use. Not authorized for sale or distribution in any manner. This document may not be copied, scanned, […]
978-0078025556 Chapter 10 Excel
Student Name: Class: ELECTROLUX CORPORATION 453,920$ 230,707 684,627$ Correct! 2014 2015 2016 2017 2018 64,000$ 64,000$ 64,000$ 64,000$ 64,000$ 23,075 23,075 23,075 23,075 23,075 87,075$ 87,075$ 87,075$ 87,075$ 87,075$ Correct! Correct! Correct! Correct! Correct! Cash Interest Amortization Net Payment Expense […]
978-0078025556 Chapter 1 Solution Manual Part 2
Chapter 01 – Financial Statements and Business Decisions Financial Accounting, 8/e 1-17 © 2014 by McGraw-Hill Global Education Holdings, LLC. This is proprietary material solely for authorized instructor use. Not authorized for sale or distribution in any manner. This document […]
978-0078025556 Chapter 1 Solution Manual Part 1
Chapter 01 – Financial Statements and Business Decisions Chapter 1 Financial Statements and Business Decisions ANSWERS TO QUESTIONS 1. Accounting is a system that collects and processes (analyzes, measures, and records) financial information about an organization and reports that information […]
978-0078025556 Chapter 1 Lecture Note Part 2
Chapter 01 – Financial Statements and Business Decisions 1-12 HANDOUT 1 – 1 TEAM PROJECT – OVERVIEW OF FINANCIAL STATMENTS Complete the following table. Financial Statement Purpose Equation Income Statement Statement of Stockholders’ Equity Balance Sheet Statement of Cash Flows […]
978-0078025556 Chapter 1 Lecture Note Part 1
Chapter 01 – Financial Statements and Business Decisions 1-1 CHAPTER 1 FINANCIAL STATEMENTS AND BUSINESS DECISIONS Learning Objectives and Related Assignment Materials Learning Objectives Mini- Exercises Exercises Problems Alternate Problems Cases and Projects 1. Recognize the information conveyed in each […]
978-0078025556 Chapter 1 Exercise Solution
Chapter 01 – Financial Statements and Business Decisions © 2014 by McGraw-Hill Global Education Holdings, LLC. This is proprietary material solely for authorized instructor use. Not authorized for sale or distribution in any manner. This document may not be copied, […]
978-0078025556 Chapter 1 Excel
Student Name: Class: 128,400$ 80,200 48,200$ 14,460 33,740$ Correct! Common Retained Stock Earnings Balance December 31, 2013 –$ –$ Stock issuance 87,000 + Net income – 33,740 – Dividends – 10,000 Balance December 31, 2014 87,000$ 23,740$ Correct! Correct! 25,600$ […]
978-0078025556 Appendix E Solution Manual Part 3
APE–2. Req. 1 Sept 15, 2014 Investments in TS (+A) …………………………………………….. 224,000 Cash (– A) [7,000 shares x $32] ……………………………… 224,000 Dec. 31, 2014 Investments in TS (+A) …………………………………………….. 14,000 Net unrealized gains (losses) (+Gain, +SE) ………………. 14,000 Dec. 31, […]
978-0078025556 Appendix E Solution Manual Part 2
PE–4. Req. 1 The fair value method must be used for both the D common stock and F bonds. The fair value method must be used for D common stock because only 14.74% of it is owned. If less than […]