Questions from Financial Accounting

Q: Cascade Inn, Inc., included the following stockholders’ equity on its

Cascade Inn, Inc., included the following stockholders’ equity on its year-end balance sheet at December 31, 2016: Requirements 1. Identify the different issues of stock Cascade I...

Q: Zeranski Consulting, Inc., has 12,000 shares of $

Zeranski Consulting, Inc., has 12,000 shares of $5.00, no-par preferred stock and 60,000 shares of no-par common stock outstanding for 2014–2016. Zeranski declared and paid the following dividends dur...

Q: Ralston Sports Corporation completed the following selected transactions during 2016:

Ralston Sports Corporation completed the following selected transactions during 2016: Requirements 1. Record the transactions in the journal

Q: The balance sheet of Avery Hardware, Inc., at December 31

The balance sheet of Avery Hardware, Inc., at December 31, 2015, reported 700,000 shares of $3 par common stock authorized with 95,000 shares issued and outstanding. Paid-in Capital in Excess of Par&a...

Q: Popovich Computers, Inc., reported the following statement of stockholders’ equity

Popovich Computers, Inc., reported the following statement of stockholders’ equity for the year ended September 30, 2016. Requirements 1. What is the par value of the company&acir...

Q: You just got off the telephone with one of your clients who

You just got off the telephone with one of your clients who wants to start a new business as a corporation. His question to you was concerning the different types of stock that can be issued to the po...

Q: Haskins Supply, Inc., supplies industrial tools to local businesses.

Haskins Supply, Inc., supplies industrial tools to local businesses. Haskins Supply’s November 30, 2016 Balance Sheet appears as:
During the month of December 2016, Haskins Supply, Inc., had the f...

Q: This continues the Fitness Equipment Doctor, Inc., example from the

This continues the Fitness Equipment Doctor, Inc., example from the Continuing Problem in Chapter 8. Fitness Equipment Doctor, Inc., purchased some of its long-term assets during 2016 using long-term...

Q: This exercise continues the accounting for Sensations Salon, Inc., from

This exercise continues the accounting for Sensations Salon, Inc., from the Continuing Exercise in Chapter 10. Assume Sensations Salon, Inc., had the following comparative balance sheet at the end of...

Q: Let’s look at Dick’s Sporting Goods (Dick’s) some more.

Let’s look at Dick’s Sporting Goods (Dick’s) some more. Think about Dick’s. How much cash does Dick’s have? What are the sources and uses of Dick’s cash? Return to Dick’s Annual Report and look at Dic...