Questions from General Accounting

Q: Kaffen Company, a ski tuning and repair shop, opened on

Kaffen Company, a ski tuning and repair shop, opened on November 1, 2013. The company carefully kept track of all its cash receipts and cash payments. The following information is available at the end...

Q: VidGam, a consulting firm, has just completed its first year

VidGam, a consulting firm, has just completed its first year of operations. The company’s sales growth was explosive. To encourage clients to hire its services, VidGam offered 180-day financing—meanin...

Q: Kwun Company accumulates the following adjustment data at December 31.

Kwun Company accumulates the following adjustment data at December 31. (a) Services performed but unbilled totals $600. (b) Store supplies of $160 are on hand. The supplies account shows a $1,900 bala...

Q: From the ledger balances below, prepare a trial balance for Yeager

From the ledger balances below, prepare a trial balance for Yeager Company at June 30, 2014. All account balances are normal.

Q: The ledger of Beckett Rental Agency on March 31 of the current

The ledger of Beckett Rental Agency on March 31 of the current year includes the selected accounts below before adjusting entries have been prepared. An analysis of the accounts shows the following....

Q: The 2011 financial statements of Tootsie Roll Industries, Inc. are

The 2011 financial statements of Tootsie Roll Industries, Inc. are provided in Appendix A. Instructions: Refer to Tootsie Roll’s financial statements to answer the following questions. (a) What were...

Q: Tootsie Roll’s financial statements are presented in Appendix A. The financial

Tootsie Roll’s financial statements are presented in Appendix A. The financial statements of The Hershey Company are presented in Appendix B. Instructions: (a) Based on the information in these finan...

Q: The following information was reported by Gap, Inc. in its

The following information was reported by Gap, Inc. in its 2010 annual report. (a) Determine the overall percentage decrease in Gap’s total assets from 2006 to 2010. What was the av...

Q: The financial statements of Tootsie Roll Industries, Inc., appear in

The financial statements of Tootsie Roll Industries, Inc., appear in Appendix A at the end of this textbook. Instructions: Answer the following questions using the financial statements and the notes...

Q: The financial statements of The Hershey Company appear in Appendix B,

The financial statements of The Hershey Company appear in Appendix B, following the financial statements for Tootsie Roll in Appendix A. Assume Hershey’s average number of shares outstanding was 227,5...