Questions from Financial Accounting

Q: Patterson Software had the following selected account balances at December 31,

Patterson Software had the following selected account balances at December 31, 2010 (in thousands, except par value per share). Requirements 1. Prepare the stockholders equity section of Pattersons...

Q: Journalize the following transactions of Aliant Productions: /

Journalize the following transactions of Aliant Productions: What was the overall effect of these transactions on Aliants stockholders equity?

Q: At December 31, 2010, Northeast Corporation reported the stockholders equity

At December 31, 2010, Northeast Corporation reported the stockholders equity accounts shown here (with dollar amounts in millions, except per share amounts). Northeasts 2011 transactions included the...

Q: Requirements 1. Journalize the following transactions of Laporte Communications,

Requirements 1. Journalize the following transactions of Laporte Communications, Inc.: 2. At December 31, 2010, after all year-end adjustments, determine the carrying amount of Laporte Communication...

Q: Big Wave Marine experienced these events during the current year.

Big Wave Marine experienced these events during the current year. a. December revenue totaled $120,000, and in addition, Big Wave collected sales tax of 5%. The tax amount will be sent to the state o...

Q: The partners who own Cohen Canoes Co. wished to avoid the

The partners who own Cohen Canoes Co. wished to avoid the unlimited personal liability of the partnership form of business, so they incorporated as Cohen Canoes Inc. The charter from the state of Utah...

Q: Paulus Sporting Goods is embarking on a massive expansion. Assume plans

Paulus Sporting Goods is embarking on a massive expansion. Assume plans call for opening 25 new stores during the next three years. Each store is scheduled to be 40% larger than the company’s existing...

Q: The accounting records of Barnstable Foods, Inc., include the following

The accounting records of Barnstable Foods, Inc., include the following items at December 31, 2010: Requirements 1. Show how each relevant item would be reported on the Barnstable Foods, Inc., class...

Q: Sea Breeze Marine experienced these events during the current year.

Sea Breeze Marine experienced these events during the current year. a. December revenue totaled $110,000, and in addition, Sea Breeze collected sales tax of 8%. The tax amount will be sent to the sta...

Q: Deer Corp. issued 15-year bonds payable with a face

Deer Corp. issued 15-year bonds payable with a face amount of $80,000, when the market interest rate was 5.5%. Assume that the accounting year of Deer ends on December 31. Journalize the following tra...