Questions from Intermediate Accounting

Q: For the years 2011–2013, Robbins Soccer Company had net

For the years 2011–2013, Robbins Soccer Company had net income and average shares outstanding as follows: What was the percentage of change in earnings per share (EPS) in 2012? In 201...

Q: On the Clark and Company Inc. balance sheet, indicate the

On the Clark and Company Inc. balance sheet, indicate the amount that should appear for each of the items (a) through (n) on the balance sheet.  

Q: Dylan’s Taxidermy Corporation reports revenues and expenses of $142,300

Dylan’s Taxidermy Corporation reports revenues and expenses of $142,300 and $91,500, respectively, for the period. Give the remaining entries to close the books assuming the ledger reports Add...

Q: Account balances taken from the ledger of High Flying Logistics Co.

Account balances taken from the ledger of High Flying Logistics Co. on December 31, 2013, follow: Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ....

Q: Make the journal entry (or entries) necessary to record the

Make the journal entry (or entries) necessary to record the following transaction: Purchased equipment with a fair market value of $100,000. Paid $10,000 cash as a down payment and signed two notes...

Q: Using the following information, compute total current liabilities:

Using the following information, compute total current liabilities: Accrued Income Taxes Payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 9,000 Notes Payable (due in 14 mont...

Q: Make the journal entry (or entries) necessary to record the

Make the journal entry (or entries) necessary to record the following transaction: Sold land that had an original cost of $50,000. Received $40,000 cash. Also received a piece of equipment with a fa...

Q: Using the following information, compute total current assets:

Using the following information, compute total current assets: Goodwill . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 9,000 Prepaid Expenses . . ....

Q: Make the journal entry (or entries) necessary to record the

Make the journal entry (or entries) necessary to record the following transaction: Declared and paid a $12,000 cash dividend to shareholders.  

Q: Make the journal entry (or entries) necessary to record the

Make the journal entry (or entries) necessary to record the following transaction: Gave land to an employee. The land originally cost $52,000, and it had that same value on the date it was given to...