Questions from General Accounting


Q: Following is selected financial information of Kia Company for the year ended

Following is selected financial information of Kia Company for the year ended December 31, 2015. Required Prepare the 2015 statement of cash flows for Kia Company.

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Q: Key figures for the recent two years of both Apple and Google

Key figures for the recent two years of both Apple and Google follow. Required 1. Compute the current ratio for both years for both companies. 2. Which company has the better ability to pay short-te...

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Q: Gabi Gram started The Gram Co., a new business that began

Gabi Gram started The Gram Co., a new business that began operations on May 1. The Gram Co. completed the following transactions during its first month of operations. May 1 G. Gram invested $40,000 ca...

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Q: Nina Niko launched a new business, Niko’s Maintenance Co., that

Nina Niko launched a new business, Niko’s Maintenance Co., that began operations on June 1. The following transactions were completed by the company during that first month. June 1 N...

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Q: Lita Lopez started Biz Consulting, a new business, and completed

Lita Lopez started Biz Consulting, a new business, and completed the following transactions during its first year of operations. a. Lita Lopez invests $70,000 cash and office equipment valued at $10,0...

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Q: Neva Nadal started a new business, Nadal Computing, and completed

Neva Nadal started a new business, Nadal Computing, and completed the following transactions during its first year of operations. a. Neva Nadal invests $90,000 cash and office equipment valued at $10,...

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Q: Sanyu Sony started a new business and completed these transactions during December

Sanyu Sony started a new business and completed these transactions during December. Dec. 1 Sanyu Sony transferred $65,000 cash from a personal savings account to a checking account in the name of Sony...

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Q: Rivera Roofing Company, owned by Reyna Rivera, began operations in

Rivera Roofing Company, owned by Reyna Rivera, began operations in July and completed these transactions during that first month of operations. July 1 Reyna Rivera invested $80,000 cash in the compan...

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Q: Kyzera manufactures, markets, and sells cellular telephones. The average

Kyzera manufactures, markets, and sells cellular telephones. The average total assets for Kyzera is $250,000. In its most recent year, Kyzera reported net income of $65,000 on revenues of $475,000. Re...

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Q: Ski-Doo Company manufactures, markets, and sells snowmobile and

Ski-Doo Company manufactures, markets, and sells snowmobile and snowmobile equipment and accessories. The average total assets for Ski-Doo is $3,000,000. In its most recent year, Ski-Doo reported net...

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