Earnings‚ and Income Reporting ASSIGNMENT CLASSIFICATION TABLE Exercises A Problems B Problems 1‚ 2‚ 3 1‚ 2‚ 3‚ 4‚ 5‚ 6‚ 7 1A‚ 2A‚ 3A‚ 4A‚ 5A 1B‚ 2B‚ 3B‚ 4B‚ 5B 9‚ 10‚ 11‚ 12‚ 13‚ 14 4‚ 5 6‚ 8‚ 9 2A‚ 3A‚ 4A 2B‚ 3B‚ 4B Prepare and analyze a comprehensive stockholders’ equity section. 14‚ 15 6‚ 7 5‚ 6‚ 10‚ 11‚ 13‚ 15‚ 16 1A‚ 2A‚ 3A‚ 4A‚ 5A 1B‚ 2B‚ 3B‚ 4B‚ 5B 4. Describe the form and content of corporation income statements. 15‚
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__________________________________________________ 1 Problem 1. Fill in the blanks (5 Points). a. The three sections of statement of cash flows are (3 Points): Cash flows from operating activities Cash flows from investing activities Cash flows from financing activities b. The name of the organization that writes the
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is the focus of the remainder of the chapter. Examples of a variety of transactions are analyzed and their impact on the accounting equation is discussed. The financial statements—income statement‚ statement of owner’s equity‚ balance sheet‚ and cash flow statement are illustrated. The interrelationship of the financial statements is emphasized. Chapter 1 ends with an introduction to international financial reporting standards (IFRS) and an explanation of how IFRS will be presented in the other chapters
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long-term debt O Purchase of equipment O Collection of customer’s account F Issuance of common stock I Purchase of another company F Payment of dividends O Sale of equipment Brief Exercise 12-4‚ Direct versus Indirect Method Direct‚ Indirect I Net income I Increase in accounts receivable D Collections on accounts receivable D Payments on accounts payable I Decrease in accounts payable I Depreciation expense I Gain on early retirement of bonds D Cash Sales Brief Exercise 12-5‚ Direct Method 1.
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period? Basic Terminology (see Textbook for definitions) * Event * Transaction * Account * Real Account * Nominal Account * Ledger * Journal * Posting * Trial Balance * Adjusting Entries * Financial Statements * Closing Entries 2. Debits and Credits * An Account shows the effect of transactions on a given asset‚ liability‚ equity‚ revenue‚ or expense account. * Double-entry accounting system (two-sided effect). * Recording done
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ended December 31‚ 2012 Increasing Corporate Value Through Sustainable Growth Yamaha Motor Co.‚ Ltd. is a multinational enterprise with 140 consolidated subsidiaries and equity-method affiliates in 30 countries‚ and about 90% of our consolidated net sales are derived from overseas markets. We operate global development‚ production and sales networks‚ and our products are sold in more than 200 countries and regions. We have successfully diversified our business by capitalizing on our world-leading
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business effectively you need to be able to read‚ understand‚ and analyze accounting reports and financial statements. 4. Accounting reports and financial statements are as revealing of the HEALTH OF A BUSINESS as pulse rate and blood pressure reports are in revealing the health of a person. 5. This chapter presents basic accounting information and explains the basic accounting statements and what they mean to business. B. WHAT IS ACCOUNTING? 1. ACCOUNTING is the recording‚ classifying
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referred to as temporary or nominal accounts because each period they are closed out to Income Summary in the closing process. Their balances are reduced to zero at the end of the accounting period; therefore‚ the term temporary or nominal is sometimes given to these accounts. 7. Indicate whether each of the following items is a real or nominal account and whether it appears in the balance sheet or the income statement a) prepaid rent real‚ balance sheet b) salaries and wages payable real
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The GAP‚ Inc. The Fiscal year Ended January 28‚ 2012 A. INTRODUCTION AND OVERVIEW 1. Financial Statements Included in the Annual Report 2.1. Consolidated Statements of Cash Flow 2. Major Competitors of the GAP‚ Inc. American Eagle Outfitters‚ Inc.‚ J. Crew Group‚ Inc.‚ and the TJX Companies‚ Inc. can be shown as the major competitors for the GAP‚ Inc. Based on the data given in annual reports of the companies‚ gross margin % for GAP‚ Inc. is 36%‚ while American Eagle Outfitters
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attempts to balance cash inflows and outflows while performing these functions. Financial statements are written reports which quantitatively describe the financial health of a company. This includes an income statement and a balance sheet‚ and often also includes a cash flow statement. Financial statements are usually compiled on a quarterly and annual basis. Balance sheet financial statements are used to provide insight into a company’s assets and debts at a particular point in time. Information
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