Questions from Financial Accounting

Q: The comparative balance sheets of Moynihan Movie Theater Company at September 30

The comparative balance sheets of Moynihan Movie Theater Company at September 30, 2012 and 2011, reported the following: Moynihan’s transactions during the year ended September 30,...

Q: The 2012 and 2011 comparative balance sheets and 2012 income statement of

The 2012 and 2011 comparative balance sheets and 2012 income statement of Perfect Supply Corp. follow: Perfect Supply had no non-cash investing and fi nancing transactions during 2012. During the y...

Q: Use the Perfect Supply Corp. data from Problem P12-71B

Use the Perfect Supply Corp. data from Problem P12-71B. Data in Problem P12-71B The 2012 and 2011 comparative balance sheets and 2012 income statement of Perfect Supply Corp. follow: Requirements...

Q: Fashion Furniture Gallery, Inc., provided the following data from the

Fashion Furniture Gallery, Inc., provided the following data from the company’s records for the year ended December 31, 2012: a. Credit sales, $522,000 b. Loan to another company, $8,900 c. Cash payme...

Q: During 2012, Buffalo Bell’s total assets a. Increased by

During 2012, Buffalo Bell’s total assets a. Increased by 28.3%. b. Increased by $1,420 million. c. Both a and b. d. Increased by 22.1%.

Q: POLA Corporation’s 2012 financial statements reported the following items, with 2011

POLA Corporation’s 2012 financial statements reported the following items, with 2011 figures given for comparison (adapted and in millions). Use the DuPont model to compute POLA&ac...

Q: To prepare the statement of cash flows, accountants for Rosie Electric

To prepare the statement of cash flows, accountants for Rosie Electric Company have summarized 2012 activity in two accounts as follows: Rosie’s 2012 income statement and balance s...

Q: The comparative balance sheets of Lesley Leary Design Studio, Inc.,

The comparative balance sheets of Lesley Leary Design Studio, Inc., at June 30, 2012 and 2011, and transaction data for fiscal 2012, are as follows: Transaction data for the year ended June 30, 2012...

Q: Rodeo Drive, Inc., reported the following in its financial statements

Rodeo Drive, Inc., reported the following in its financial statements for the year ended May 31, 2012 (in thousands): Requirement 1. Determine the following cash receipts and payments for Rodeo Driv...

Q: Craftsman Specialties reported the following at December 31, 2012 (in

Craftsman Specialties reported the following at December 31, 2012 (in thousands): Requirement Determine the following items for Craftsman Specialties during 2012: a. Gain or loss on the sale of prop...