Questions from Financial Accounting


Q: Hialeah Bells long-term debt

  Hialeah Bells long-term debt bears interest at 11%. During the year ended December 31, 2010, Bells times-interest-earned ratio was a. 137 times. b. 144 times. c. 147 times. d. 15...

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Q: Click Camera Co. sold equipment with a cost of $21

Click Camera Co. sold equipment with a cost of $21,000 and accumulated depreciation of $9,000 for an amount that resulted in a gain of $1,000. What amount should Click report on the statement of cash...

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Q: How many items enter the computation

  How many items enter the computation of Sheehans net cash provided by operating activities? a. 3 b. 2 c. 7 d. 5   

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Q: What were the dollar amount of change and the percentage of each

What were the dollar amount of change and the percentage of each change in Wilderness Lodges working capital during 2010 and 2009? Is this trend favorable or unfavorable?

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Q: Compute trend percentages for Palm Valley Sales & Services total revenue,

Compute trend percentages for Palm Valley Sales & Services total revenue, and net income for the following five-year period, using year 0 as the base year. Round to the nearest full percent. Whic...

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Q: What were the dollar amount of change and the percentage of each

What were the dollar amount of change and the percentage of each change in Ricardo Lodges working capital during 2010 and 2009? Is this trend favorable or unfavorable?

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Q: Compute trend percentages for Andover Valley Sales & Services total revenue,

Compute trend percentages for Andover Valley Sales & Services total revenue, and net income for the following fiveyear period, using year 0 as the base year. Round to the nearest full percent. Wh...

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Q: Palisade Creek Co. is a retail business that uses the perpetual

Palisade Creek Co. is a retail business that uses the perpetual inventory system. The account balances for Palisade Creek as of May 1, 20Y6 (unless otherwise indicated), are as follows: During May,...

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Q: Selected transactions completed by Equinox Products Inc. during the fiscal year

Selected transactions completed by Equinox Products Inc. during the fiscal year ended December 31, 20Y8, were as follows: a. Issued 15,000 shares of $20 par common stock at $30, receiving cash. b. Is...

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Q: Determine the present value of $200,000 to be received

Determine the present value of $200,000 to be received at the end of each of four years, using an interest rate of 7%, compounded annually, as follows: a. By successive computations, using the present...

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