Questions from Financial Accounting

Q: Following is selected financial information for Tesla, Inc. /

Following is selected financial information for Tesla, Inc. REQUIRED Prepare balance sheets, income statements and cash flow statements for the years ended December 31, 20 I 7 and 20 I 6.

Q: Crocker Corporation began calendar-year 2019 with stockholders' equity of $

Crocker Corporation began calendar-year 2019 with stockholders' equity of $ I 00,000, consisting of contributed capital of $70,000 and retained earnings of $30,000. During 20 I 9, it issued additional...

Q: DP Systems, Inc., reports the following selected information at December

DP Systems, Inc., reports the following selected information at December 31, 2019 ($ millions): REQUIRED Use this information to prepare its statement of stockholders' equity for 2019.

Q: At the end of 2017. Daimler AG, reported stockholders·

At the end of 2017. Daimler AG, reported stockholders· equity of €64,023 million and total assets of €255.605 million. Its stockholders' equity at the end of 2016 was €57,950 million. Net income in 20...

Q: Nokia Corp. manufactures, markets, and sells phones and other

Nokia Corp. manufactures, markets, and sells phones and other electronics. Stockholders' equity for Nokia are €16,218 million in 20 17 and €20,975 million in 2016. In 2017, Nokia reported a loss of€(...

Q: Best Buy Co., Inc., reported the following amounts in its

Best Buy Co., Inc., reported the following amounts in its February 3, 2018, and January 28, 2017, financial statements. REQUIRED a. Prepare an income statement for Best Buy for the year ended February...

Q: Facebook, Inc. reported the following amounts in its 2017 and

Facebook, Inc. reported the following amounts in its 2017 and 2016 financial statements. a. Prepare income statements for Facebook for 2017 and 2016. Use the format illustrated in Exhibit 1.8. b. Comp...

Q: The following selected accounts appear in Shaw Company's unadjusted trial balance at

The following selected accounts appear in Shaw Company's unadjusted trial balance at December 31. 2018, the end of its fiscal year (all accounts have normal balances). REQUIRED a. Prepare its adjustin...

Q: Market-Probe, a market research firm, had the following

Market-Probe, a market research firm, had the following transactions in June 2019, its first month of operations. June I B. May invested $24,000 cash in the ti.m1 in exchange for common stock. 1 The f...

Q: Deliver All, a mailing service, has just completed its first

Deliver All, a mailing service, has just completed its first full year of operations on December 31, 2018. Its general ledger account balances before year-end adjustments follow; no adjusting entries...