Questions from Financial Accounting

Q: Selected information based on the comparative balance sheets for MosTechi Corporation (

Selected information based on the comparative balance sheets for MosTechi Corporation (MosTechi), a Japanese electronics manufacturer, appears next for the years ended March 31, Years 6, 7, and 8. Mos...

Q: Selected information based on the comparative balance sheets for Solaronx Company (

Selected information based on the comparative balance sheets for Solaronx Company (Solaronx), a U.S. defense manufacturer, appears in the following display for the years ended December 31, Years 10, 1...

Q: Selected information from PharmaCare’s financial statements for the years ended December 31

Selected information from PharmaCare’s financial statements for the years ended December 31, Year 6 and Year 7, appear below. PharmaCare is a German pharmaceutical company that appli...

Q: Selected financial information for Oratel S.A.E. (

Selected financial information for Oratel S.A.E. (Oratel), an Egyptian telecommunications firm, is shown in the following display for the years ended December 31, Year 13 and Year 12. Oratel applies E...

Q: Microchem Corporation reported a balance of €5,196 million in

Microchem Corporation reported a balance of €5,196 million in accounts receivable at the beginning of the year and €5,334 million at the end of the year. Its statement of cash flows using the direct m...

Q: The section showing cash flow from operations, using the indirect method

The section showing cash flow from operations, using the indirect method, for Electropin Company reported an increase in inventories during the year of $1,753 million and no change in accounts payable...

Q: The section showing cash flow from operations, using the indirect method

The section showing cash flow from operations, using the indirect method, for Taylor Stores reported an increase in inventories of $5.7 million during the year. It reported also that the balance in ac...

Q: BrasPetro S.A., a large Brazilian petrochemical company, reported

BrasPetro S.A., a large Brazilian petrochemical company, reported a balance of R$1,594.9 million in Accounts Receivable at the beginning of Year 7 and R$1,497.0 million at the end of Year 7. Its incom...

Q: Yoshi Group reported in its reconciliation of net income to cash flow

Yoshi Group reported in its reconciliation of net income to cash flow from operations a decrease in wages and salaries payable of ¥21 million during the year. It provided data showing that cash paymen...

Q: JAJ Incorporated reported a balance in retained earnings of $26,

JAJ Incorporated reported a balance in retained earnings of $26,571 million at the beginning of the year and $28,132 million at the end of the year. Its dividends payable account increased by $233 mil...