Questions from Financial Accounting


Q: Brothers Herm and Steve Hargenrater began operations of their tool and die

Brothers Herm and Steve Hargenrater began operations of their tool and die shop (H & H Tool) on January 1, 1987, in Meadville, PA. The annual reporting period ends December 31. Assume that the tri...

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Q: Keurig Dr Pepper, is a leading worldwide integrated brand owner,

Keurig Dr Pepper, is a leading worldwide integrated brand owner, bottler, and distributor of non-alcoholic beverages. Key brands include Dr Pepper, Snapple, 7-UP, Mott’s juices, A&am...

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Q: Pool Corporation, Inc., is the world’s largest wholesale distributor of

Pool Corporation, Inc., is the world’s largest wholesale distributor of swimming pool supplies and equipment. Assume Pool Corporation purchased for cash new loading equipment for the warehouse on Janu...

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Q: Pool Corporation, Inc., sells swimming pool supplies and equipment.

Pool Corporation, Inc., sells swimming pool supplies and equipment. It is a publicly traded corporation that trades on the NASDAQ exchange. The majority of Pool’s customers are small, family-owned bus...

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Q: Pool Corporation, Inc., reported in its recent annual report that

Pool Corporation, Inc., reported in its recent annual report that “In 2010, our industry experienced some price deflation. . . . In 2011, our industry experienced more normalized pri...

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Q: Pool Corporation, Inc., is the world’s largest wholesale distributor of

Pool Corporation, Inc., is the world’s largest wholesale distributor of swimming pool supplies and equipment. It is a publicly traded corporation that trades on the NASDAQ exchange u...

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Q: Completing a Balance Sheet and Inferring Net Income Bennett Griffin and

Completing a Balance Sheet and Inferring Net Income Bennett Griffin and Chula Garza organized Cole Valley Book Store as a corporation; each contributed $80,000 cash to start the business and received...

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Q: A + T Williamson Company is making adjusting entries for the year

A + T Williamson Company is making adjusting entries for the year ended December 31 of the current year. In developing information for the adjusting entries, the accountant learned the following: a. A...

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Q: Target Corporation, is a general merchandise retailer that sells products through

Target Corporation, is a general merchandise retailer that sells products through its stores and digital channels. The company offers everyday essentials and merchandise at discounted prices. The item...

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Q: Macy’s, Inc., operates the two best-known high-

Macy’s, Inc., operates the two best-known high-end department store chains in North America: Macy’s and Bloomingdale’s. The following simplified d...

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