Questions from General Accounting

Q: The following information is available from the accounting records of Manahan Co

The following information is available from the accounting records of Manahan Co. for the year ended December 31, 2010: Net cash provided by fi nancing activities . . . . . . . . . . . . . . . . . ....

Q: The following information is available from the accounting records of Spenser Co

The following information is available from the accounting records of Spenser Co. for the year ended December 31, 2010: Selling, general, and administrative expenses . . . . . . . . . . . . . . . . ....

Q: Franklin Co. has experienced gross profit ratios for 2010, 2009

Franklin Co. has experienced gross profit ratios for 2010, 2009, and 2008 of 33%, 30%, and 31%, respectively. On April 3, 2011, the firm’s plant and all of its inventory were destroyed by a tornado. A...

Q: The financial statements of Simon Co. include the following items (

The financial statements of Simon Co. include the following items (amounts in thousands): For the Year Ended December 31, Income Statement 2011 Net income . . . . . . . . . . . . . . . . . ....

Q: Milan, Inc. manufactures digital voice recorders. During 2010,

Milan, Inc. manufactures digital voice recorders. During 2010, total costs associated with manufacturing 208,000 of the new MV-5253 model (introduced this year) were as follows: Raw materials . . . ....

Q: Following is a partially completed balance sheet for Epsico, Inc.,

Following is a partially completed balance sheet for Epsico, Inc., at December 31, 2010, together with comparative data for the year ended December 31, 2009. From the statement of cash flows for the y...

Q: The following information is available from Bromfield Co.’s accounting records

The following information is available from Bromfield Co.’s accounting records for the year ended December 31, 2010 (amounts in millions): Cash dividends declared and paid. . . . . . . . . . . . . ....

Q: The following information is available from Gray Co.’s accounting records

The following information is available from Gray Co.’s accounting records for the year ended December 31, 2010 (amounts in millions): Cash dividends declared and paid. . . . . . . . . . . . . . . . ....

Q: Following is a statement of cash flows (indirect method) for

Following is a statement of cash flows (indirect method) for Hartford, Inc., for the year ended December 31, 2011. Also shown is a partially completed comparative balance sheet as of December 31, 2011...

Q: McDonald’s Corp McDonald’s conducts operations worldwide and is managed in three primary

McDonald’s Corp McDonald’s conducts operations worldwide and is managed in three primary geographic segments: America, Europe, and Asia/Pacific, Middle East and Afr...