Questions from Financial Accounting

Q: In the liabilities section of its 2017 balance sheet, Bank of

In the liabilities section of its 2017 balance sheet, Bank of America reported “Deposits in U.S. offices: Noninterest-bearing” in U.S. offices of over $430 billion. Bank of America is a very large ban...

Q: Advanced Micro Devices, Inc. (AMD) is “a

Advanced Micro Devices, Inc. (AMD) is “a global semiconductor company with facilities around the world.” AMD began operations in 1969. Texas Instruments, Inc. is th...

Q: Obtain Target Corporation’s annual report for its 2018 fiscal year (year

Obtain Target Corporation’s annual report for its 2018 fiscal year (year ended February 2, 2019) at http:// investors.target.com using the instructions in Appendix B, and use it to answer the followin...

Q: The following three companies issued the following bonds: 1.

The following three companies issued the following bonds: 1. Carr, Inc. issued $100,000 of 8 percent, five-year bonds at 102¼ on January 1, Year 1. Interest is payable annually on December 31. 2. Kim,...

Q: Apple, Inc. manufactures and markets mobile phones, personal computers

Apple, Inc. manufactures and markets mobile phones, personal computers, and related software. The following data were taken from the company’s 2018 and 2015 annual reports. All dolla...

Q: Mack Company plans to invest $50,000 in land that

Mack Company plans to invest $50,000 in land that will produce annual rent revenue equal to 15 percent of the investment, starting on January 1, Year 1. The revenue will be collected in cash at the en...

Q: Interest rates in the United States were at historic lows for much

Interest rates in the United States were at historic lows for much of the period from 2013 through 2019. The economy was slowly recovering from the recession of 2008 and 2009, and the Federal Reserve...

Q: Obtain Target Corporation’s annual report for its 2018 fiscal year (year

Obtain Target Corporation’s annual report for its 2018 fiscal year (year ended February 2, 2019) at http:// investors.target.com using the instructions in Appendix B, and use it to answer the followin...

Q: Listed here are the stockholders’ equity sections of three public companies for

Listed here are the stockholders’ equity sections of three public companies for fiscal years ending in 2017 and 2016. Note that for General Mills these data are for the fiscal years...

Q: The following data are based on information in the 2017 annual report

The following data are based on information in the 2017 annual report of YUM! Brands, Inc. YUM! Brands is the parent company of KFC, Pizza Hut, and Taco Bell. As of December 31, 2017, the parent compa...