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The total of the individual customer account balan...

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The total of the individual customer account balances should equal the balance in accounts receivable, which is the control account master account nominal account contra account Activities between affiliated entities such as subsidiaries must be disclosed in the financial statements of a corporation as segment analysis significant relationships related-party transactions contingent activities Under international accounting standards, liabilities and owners' equity on the balance sheet usually appear in which order? (Points: 4) capital, noncurrent liabilities, and current liabilities current liabilities, noncurrent liabilities, and capital capital, current liabilities, and noncurrent liabilities noncurrent liabilities, current liabilities, and capital The SEC established integrated disclosures to (Points: 4) establish full disclosure demonstrate its legal authority to establish GAAP satisfy the form 10-K disclosure requirements control Management?s Discussion and Analysis Which of the following is not an acceptable way of reporting a company's comprehensive income? (Points: 4) on the face of the income statement in a separate statement of comprehensive income in the statement of changes in stockholders' equity in the statement of retained earnings The statement of cash flows is least likely to help external users to assess (Points: 4) a company's ability to generate positive future cash flows the amount of a company's future accrual-based sales revenue a company's ability to meet its obligations and pay dividends a company's need for external financing # 32. The following information relates to the Smith Company: 2010 cash dividends declared $400 unadjusted (reported) retained earnings, January 1, 2010 ? 2010 net income $480 error in 2009--understatement of ending inventory: error found in 2010 $150 unadjusted (reported) retained earnings, December 31, 2010 $1,400 what is the unadjusted January 1, 2010, balance in retained earnings? $1,170, $1,320, $1,470, $1,630. The Philip Company had the following information available for the fiscal year ended December 31, 2010: Net sales $1,600,000 Cost of goods sold 1,200,000 Merchandise inventory: January 1, 2010 200,000 December 31, 2010 400,000 Philip's inventory turnover for 2010 was 3 times 4 times 5.33 times 6 times Monroe Company reported the following information for the year ended December 31, 2010: Net income $600,000 Preferred dividends declared and paid 60,000 Common dividends declared and paid 80,000 Average common shares outstanding 90,000 Ending market price per share 40 Net sales 4,100,000 Monroe's earnings per share for 2010 was $6.67 $6.00 $5.11 $0.15 Morgan Company reported the following information for the year ended December 31, 2010: Net income $ 800,000 Preferred dividends declared and paid 100,000 Common dividends declared and paid 160,000 Average common shares outstanding 140,000 Ending market price per share 30 Net sales 7,400,000 Morgan's 2010 price/earnings ratio was 0.17 times 5.25 times 6.00 times 4.67 times,I do not see the answers to the questions

 

Paper#7570 | Written in 18-Jul-2015

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