Questions from College Accounting

Q: From the comparative balance sheet of Hesler Corporation in Figure 22.

From the comparative balance sheet of Hesler Corporation in Figure 22.12, do the following: (a) Prepare a horizontal analysis of each item for the amount of increase or decrease as well as the percent...

Q: From the comparative income statement of Carney Company in Figure 22.

From the comparative income statement of Carney Company in Figure 22.13, do the following: Figure 22.13: a. Prepare a horizontal analysis with the amount of increase or decrease during 2016 along w...

Q: From the income statement and balance sheet of Anderson Company (Figures

From the income statement and balance sheet of Anderson Company (Figures 22.14 and 22.15), compute the following for 2016: (a) current ratio, (b) acid test ratio, (c) accounts receivable turnover, (d)...

Q: From the information about Valdemar Corporation in Figures 22.16 and

From the information about Valdemar Corporation in Figures 22.16 and 22.17, do the following: Figures 22.16: Figures 22.17: a. For each year calculate its current ratio and acid test ratio. b. Fo...

Q: Saffron Corporation uses a voucher system and records invoices at gross.

Saffron Corporation uses a voucher system and records invoices at gross. Record the following transactions in the voucher register and/or check register as appropriate:

Q: Janus Corporation has been using a voucher system for several years and

Janus Corporation has been using a voucher system for several years and records invoices at gross. Prepare entries in the voucher register and check register for the following transactions:

Q: Identify where each title is placed on the worksheet.

Identify where each title is placed on the worksheet. a. Direct labor b. Ending finished goods inventory c. Beginning finished goods inventory d. Ending raw materials inventory

Q: The Stevens Company uses a voucher system and records invoices at gross

The Stevens Company uses a voucher system and records invoices at gross. Record the following transactions in the voucher register and/or check register as appropriate:

Q: From the following data, prepare in proper form an income statement

From the following data, prepare in proper form an income statement showing departmental gross profit (assume a 22% tax rate) for Speedy Stop for the year ended December 31, 201X. Cash ……………………………………...

Q: Given the following information about the clothing and hardware departments of Eustis

Given the following information about the clothing and hardware departments of Eustis Company, prepare a departmental expense allocation sheet showing expenses by department. Allocation Basis Rent a...