Questions from General Accounting


Q: Coca-Cola and PepsiCo both produce and market beverages that are

Coca-Cola and PepsiCo both produce and market beverages that are direct competitors. Key financial figures (in $ millions) for these businesses for a recent year follow. Required 1. Compute return o...

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Q: AT&T and Verizon produce and market telecommunications products and are

AT&T and Verizon produce and market telecommunications products and are competitors. Key financial figures (in $ millions) for these businesses for a recent year follow. Required 1. Compute retur...

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Q: On January 20, 2015, Tamira Nelson, the accountant for

On January 20, 2015, Tamira Nelson, the accountant for Picton Enterprises, is feeling pressure to complete the annual financial statements. The company president has said he needs up-to-date financial...

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Q: All business decisions involve aspects of risk and return.

All business decisions involve aspects of risk and return. Required Identify both the risk and the return in each of the following activities: 1. Investing $2,000 in a 5% savings account. 2. Placing...

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Q: All business decisions involve aspects of risk and return.

All business decisions involve aspects of risk and return. Required Identify both the risk and the return in each of the following activities: 1. Stashing $500 cash under your mattress. 2. Placing a...

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Q: A start-up company often engages in the following transactions in

A start-up company often engages in the following transactions in its first year of operations. Classify those transactions in one of the three major categories of an organization’s business activitie...

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Q: A start-up company often engages in the following activities during

A start-up company often engages in the following activities during its first year of operations. Classify each of the following activities into one of the three major activities of an organization. F...

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Q: An organization undertakes various activities in pursuit of business success. Identify

An organization undertakes various activities in pursuit of business success. Identify an organization’s three major business activities, and describe each activity.

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Q: Identify in outline format the three major business activities of an organization

Identify in outline format the three major business activities of an organization. For each of these activities, identify at least two specific transactions or events normally undertaken by the busine...

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Q: The December 31, 2015, adjusted trial balance of Business Solutions

The December 31, 2015, adjusted trial balance of Business Solutions (reflecting its transactions from October through December of 2015) follows. Required 1. Record and post the necessary cl...

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