Questions from Financial Accounting


Q: As a team, select an industry to analyze. Reuters provides

As a team, select an industry to analyze. Reuters provides lists of industries under Sectors and Industries at www.reuters.com . (Click on an industry and then select Company Rankings for a list of me...

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Q: Paige Consultants, Inc., provides marketing research for clients in the

Paige Consultants, Inc., provides marketing research for clients in the retail industry. The company had the following unadjusted balances at September 30, 2012: Required: Prepare in good form an u...

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Q: The following T-accounts indicate the effects of normal business transactions

The following T-accounts indicate the effects of normal business transactions: Required: 1. Describe the typical investing and financing transactions that affect each T-account. That is, what econo...

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Q: Refer to E3-13 . Lisa Frees and Amelia

Refer to E3-13 . Lisa Frees and Amelia Ellinger had been operating a catering business for several years. In March 2011, the partners were planning to expand by opening a retail sales shop and decide...

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Q: In its annual report, Hewlett-Packard Company states, “

In its annual report, Hewlett-Packard Company states, “We are a leading global provider of products, technologies, solutions and services to individual consumers, small- and medium-s...

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Q: Ramos Company completed its first year of operations on December 31,

Ramos Company completed its first year of operations on December 31, 2011. All of the 2011 entries have been recorded except for the following: a. At year-end, employees earned wages of $7,000, which...

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Q: Aubrae Company is making adjusting entries for the year ended December 31

Aubrae Company is making adjusting entries for the year ended December 31, 2011. In developing information for the adjusting entries, the accountant learned the following: a. A two-year insurance prem...

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Q: Refer to E4-3 and E4-4.

Refer to E4-3 and E4-4. Ramos Company completed its first year of operations on December 31, 2011. All of the 2011 entries have been recorded except for the following: a. At year-end, employees earne...

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Q: Dittman’s Variety Store is completing the accounting process for the year just

Dittman’s Variety Store is completing the accounting process for the year just ended, December 31, 2011. The transactions during 2011 have been journalized and posted. The following data with respect...

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Q: Cardon’s Boat Yard, Inc., repairs, stores, and cleans

Cardon’s Boat Yard, Inc., repairs, stores, and cleans boats for customers. It is completing the accounting process for the year just ended, November 30, 2012. The transactions during 2012 have been jo...

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