Questions from Intermediate Accounting


Q: Our assignment is to analyze Pfizer’s Inc. operating cash flows and

Our assignment is to analyze Pfizer’s Inc. operating cash flows and compare it to that of Johnson & Johnson. Use Pfizer’s statement of cash flows and the follow...

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Q: BlackBerry Limited, the smartphone manufacturer, reported a $2,

BlackBerry Limited, the smartphone manufacturer, reported a $2,748 million impairment loss on its income statement during the year ended March 1, 2014. You are interested in further examining this and...

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Q: You are interested in further analyzing and comparing the liquidity of Pfizer

You are interested in further analyzing and comparing the liquidity of Pfizer Inc., and Johnson & Johnson Company. In an earlier analysis in Appendix B of Chapter 6, you found the current ratios o...

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Q: Grifols, S.A. is a Spanish pharmaceutical company focusing

Grifols, S.A. is a Spanish pharmaceutical company focusing on the development, manufacturing, and sale of therapeutic products. At the end of 2016, Grifols was rated “BBâ€...

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Q: With declining demand and sales, the last several years have been

With declining demand and sales, the last several years have been challenging in the global auto industry. You are interested in better understanding the performance and valuation of major global comp...

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Q: On January 1, Pollison Energy Group, Inc. acquired an

On January 1, Pollison Energy Group, Inc. acquired an oil processing plant at a total cost of $13,560,000 and paid cash. The estimated cost to dismantle the plant and restore the property at the end o...

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Q: Cisco Systems, Inc., the leading Internet protocol-based networking

Cisco Systems, Inc., the leading Internet protocol-based networking equipment company, has significant holdings of investment securities. Use the financial statement information provided to analyze Ci...

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Q: PDC Coal, Inc. received a mining permit to strip mine

PDC Coal, Inc. received a mining permit to strip mine 1,000 acres of land in West Virginia on January 5 of the current year. Prior to receiving the permit, PDC submitted a legally-binding plan that in...

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Q: Companies normally obtain financing for operations from three sources: 1

Companies normally obtain financing for operations from three sources: 1. Borrowing funds (debt) 2. Issuing shares (equity) 3. Using internally generated capital (from retained profits) Sometimes,...

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Q: Jillian Limited (JL) issued a financial instrument with the following

Jillian Limited (JL) issued a financial instrument with the following terms: • A face value of $100. • Not secured by any assets of the entity (unsecured). • Redeemable in cash at the option of the...

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