Questions from General Accounting

Q: Use the financial data for Randa Merchandising, Inc., in Exercise

Use the financial data for Randa Merchandising, Inc., in Exercise 17-13 to prepare its income statement for calendar year 2015. (Ignore the earnings per share section.) Data from Exercise 17-13: In 2...

Q: Nintendo Company, Ltd., reports the following financial information as of

Nintendo Company, Ltd., reports the following financial information as of, or for the year ended, March 31, 2013. Nintendo reports its financial statements in both Japanese yen and U.S. dollars as sho...

Q: Express the following comparative income statements in common-size percents and

Express the following comparative income statements in common-size percents and assess whether or not this company’s situation has improved in the most recent year (round the percent...

Q: Common-size and trend percents for Rustynail Company’s sales, cost

Common-size and trend percents for Rustynail Company’s sales, cost of goods sold, and expenses follow. Determine whether net income increased, decreased, or remained unchanged in thi...

Q: Simon Company’s year-end balance sheets follow. Express the balance

Simon Company’s year-end balance sheets follow. Express the balance sheets in common-size percents. Round amounts to the nearest one-tenth of a percent. Analyze and comment on the re...

Q: Refer to the Simon Company information in Exercises 17-6 and

Refer to the Simon Company information in Exercises 17-6 and 17-8. Compare the company’s long-term risk and capital structure positions at the end of 2015 and 2014 by computing these...

Q: Refer to the data in Exercise 18-8. Compute the

Refer to the data in Exercise 18-8. Compute the total (1) prime costs and (2) conversion costs for each company. Data from Exercise 18-8:

Q: Compute cost of goods sold for each of these two companies for

Compute cost of goods sold for each of these two companies for the year ended December 31, 2015.

Q: For each of the following accounts for a manufacturing company, place

For each of the following accounts for a manufacturing company, place a ✓ in the appropriate column indicating that it appears on the balance sheet, the income statement, the schedul...

Q: Compute trend percents for the following accounts, using 2011 as the

Compute trend percents for the following accounts, using 2011 as the base year (round the percents to whole numbers). State whether the situation as revealed by the trends appears to be favorable or u...