Questions from Intermediate Accounting


Q: Included in Adams Company’s December 31, 2012, trial balance are

Included in Adams Company’s December 31, 2012, trial balance are the following accounts: Accounts Payable $220,000; Pension Asset/Liability $375,000; Discount on Bonds Payable $29,000; Unearned Revenu...

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Q: Use the information presented in BE5-8 for Adams Company to

Use the information presented in BE5-8 for Adams Company to prepare the long-term liabilities section of the balance sheet. In BE5-8 Included in Adams Company’s December 31, 2012, trial balance are t...

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Q: Hawthorn Corporation’s adjusted trial balance contained the following accounts at December 31

Hawthorn Corporation’s adjusted trial balance contained the following accounts at December 31, 2012: Retained Earnings $120,000; Common Stock $750,000; Bonds Payable $100,000; Paid-in Capital in Exces...

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Q: Stowe Company’s December 31, 2012, trial balance includes the following

Stowe Company’s December 31, 2012, trial balance includes the following accounts: Investment in Common Stock $70,000; Retained Earnings $114,000; Trademarks $31,000; Preferred Stock $152,000; Common S...

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Q: Ames Company reported 2012 net income of $151,000.

Ames Company reported 2012 net income of $151,000. During 2012, accounts receivable increased by $13,000 and accounts payable increased by $9,500. Depreciation expense was $44,000. Prepare the cash fl...

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Q: Martinez Corporation engaged in the following cash transactions during 2012.

Martinez Corporation engaged in the following cash transactions during 2012. Sale of land and building ………………………………. $191,000 Purchase of treasury stock ……………………………….. 40,000 Purchase of land ……………………...

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Q: Presented below are a number of accounting organizations and types of documents

Presented below are a number of accounting organizations and types of documents they have issued. Instructions Match the appropriate document to the organization involved. Note that more than one doc...

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Q: Use the information presented in BE5-14 for Martinez Corporation to

Use the information presented in BE5-14 for Martinez Corporation to compute the net cash used (provided) by financing activities. In BE5-14 Martinez Corporation engaged in the following cash transact...

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Q: Using the information in BE5-14, determine Martinez’s free cash

Using the information in BE5-14, determine Martinez’s free cash flow, assuming that it reported net cash provided by operating activities of $400,000. In BE5-14 Martinez Corporation engaged in the fo...

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Q: Harding Corporation has the following accounts included in its December 31,

Harding Corporation has the following accounts included in its December 31, 2012, trial balance: Accounts Receivable $110,000; Inventory $290,000; Allowance for Doubtful Accounts $8,000; Patents $72,0...

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