Questions from Financial Accounting


Q: The comparative balance sheet of Jackson Educational Supply at December 31,

The comparative balance sheet of Jackson Educational Supply at December 31, 2018, reported the following: Jackson’s transactions during 2018 included the following: Requirements:...

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Q: Boundary Rare Coins (BRC) was formed on January 1,

Boundary Rare Coins (BRC) was formed on January 1, 2018. Additional data for the year follow: a. On January 1, 2018, BRC issued no par common stock for $475,000. b. Early in January, BRC made the fol...

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Q: Use the Rolling Hills, Inc. data from Problem P14-

Use the Rolling Hills, Inc. data from Problem P14-34A. Problem P14-34A: The 2018 income statement and comparative balance sheet of Rolling Hills, Inc. follow: Additionally, Rolling Hills purchase...

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Q: The 2018 comparative balance sheet and income statement of Appleton Group,

The 2018 comparative balance sheet and income statement of Appleton Group, Inc. follow. Appleton disposed of a plant asset at book value during 2018. Prepare the spreadsheet for the 2018 statement...

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Q: Classic Rare Coins (CRC) was formed on January 1,

Classic Rare Coins (CRC) was formed on January 1, 2018. Additional data for the year follow: a. On January 1, 2018, CRC issued no par common stock for $525,000. b. Early in January, CRC made the foll...

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Q: What types of transactions are reported in the non-cash investing

What types of transactions are reported in the non-cash investing and financing activities section of the statement of cash flows?

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Q: Accountants for Benson, Inc. have assembled the following data for

Accountants for Benson, Inc. have assembled the following data for the year ended December 31, 2018: Prepare Benson’s statement of cash flows using the indirect method. Include an...

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Q: The 2018 income statement and comparative balance sheet of Sweet Valley,

The 2018 income statement and comparative balance sheet of Sweet Valley, Inc. follow: Additionally, Sweet Valley purchased land of $20,900 by financing it 100% with longterm notes payable during 201...

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Q: The comparative balance sheet of Robeson Educational Supply at December 31,

The comparative balance sheet of Robeson Educational Supply at December 31, 2018, reported the following: Robeson’s transactions during 2018 included the following: Requirements:...

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Q: Diversion Rare Coins (DRC) was formed on January 1,

Diversion Rare Coins (DRC) was formed on January 1, 2018. Additional data for the year follow: a. On January 1, 2018, DRC issued no par common stock for $450,000. b. Early in January, DRC made the fo...

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