Questions from Accounting Principles


Q: The stockholders’ equity section for Apple Inc. is shown in Appendix

The stockholders’ equity section for Apple Inc. is shown in Appendix A. The complete annual report, including the notes to the financial statements, is available at the companyâ...

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Q: PepsiCo, Inc.’s financial statements are presented in Appendix B

PepsiCo, Inc.’s financial statements are presented in Appendix B. Financial statements of The Coca-Cola Company are presented in Appendix C. The complete annual reports of PepsiCo an...

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Q: Amazon.com, Inc.’s financial statements are presented in

Amazon.com, Inc.’s financial statements are presented in Appendix D. Financial statements of Wal-Mart Stores, Inc. are presented in Appendix E. The complete annual reports of Amazon...

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Q: Use the stockholders’ equity section of an annual report and identify the

Use the stockholders’ equity section of an annual report and identify the major components. Instructions Go to the Annual Reports website, select a company of your choice, and then answer the followi...

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Q: Partners T. Greer and R. Parks are provided salary allowances

Partners T. Greer and R. Parks are provided salary allowances of $30,000 and $25,000, respectively. They divide the remainder of the partnership income in a ratio of 3:2. If partnership net income is...

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Q: The stockholders’ meeting for Percival Corporation has been in progress for some

The stockholders’ meeting for Percival Corporation has been in progress for some time. The chief financial officer for Percival is presently reviewing the company’s...

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Q: Meenen Corporation has the following accounts at December 31 (in euros

Meenen Corporation has the following accounts at December 31 (in euros): Share Capital— Ordinary, €10 par, 5,000 shares issued, €50,000; Share Premium—Ordinary €10,000; Retained Earnings €45,000; and...

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Q: The financial statements of Louis Vuitton are presented in Appendix F.

The financial statements of Louis Vuitton are presented in Appendix F. The complete annual report, including the notes to its financial statements, is available at the company’s webs...

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Q: Rinehart Corporation purchased from its stockholders 5,000 shares of its

Rinehart Corporation purchased from its stockholders 5,000 shares of its own previously issued stock for $255,000. It later resold 2,000 shares for $54 per share, then 2,000 more shares for $49 per sh...

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Q: Tran Corporation is authorized to issue both preferred and common stock.

Tran Corporation is authorized to issue both preferred and common stock. The par value of the preferred is $50. During the first year of operations, the company had the following events and transactio...

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