
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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What statements do the following items go on?
1) Treasury Stock
2) Amortization Expense
3) Preferred Stock
4) Trucks
5) Gain on Sale of Equipment
6) Accounts Receivable
7) Unearned Revenue
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- For each of the following accounts, place the letter of the financial statement on which it would be found in the space provided.1) Treasury Stock2) Amoritization Expense3) Trucks4) Gain on Sale of Equipment5)Unearned Revenues6) Accounts Receivablearrow_forwardSpecify the section of a classified balance sheet in which each of the following accounts would be found.1) Preferred Stock2) Machinery3) Additional Paid-in-Capitalarrow_forwardThe following information is provided concerning the accounts of Jazzy Ltd .You are asked to identify how each of these items is shown in the financial statements. (a) gain on revaluation of available-for-sale investments (b) dividends paid during the year (c) revaluation gain on building (not reversing any previous revaluation) (d) transfer to dividend equalisation reserve (e) Unsecured notes issuedarrow_forward
- Indicate where each of the following items is reported on financial statements. Choose from the followingcategories: (a) current assets, (b) long-term investments, (c) current liabilities, (d) long-term liabilities,(e) other revenues and gains, ( f ) other expenses and losses, and (g) equity. Fair value adjustment—Tradingarrow_forwardWhat statement(s) do the following go on? Please verify if they will show on more than one statement. 1) Net Income 2) End-of-period retained earnings balance 3) Accumulated depreciation 4) Net decrease in cash 5) Depreciation expense 6) Net investing cash flows 7) End-of-period retained earnings balance 8) Dividends declared 9) Beginning-of-period retained earnings balance 10) Accounts payablearrow_forwardWhat is incorrect here? Available options are: Accounts Payable, Accounts Receivable, Accumulated Depreciation, Bond Premium, Bonds Payable, Building, Cash, Common Stock, Cost of Goods Sold, Delivery Expense, Depreciation Expense, Discount on Bonds Payable, Dividends Declared, Finance Costs, Goodwill, Intrest Expense, Intrest Income, Intrest Payable, Intrest Receivable, Land, Merchandise Inventory, Micellanious Expense, Other Expenses, Sales, Sales Discounts, Sales Returns and Allowances, Finance Costs, Goodwillarrow_forward
- On the statement of cash flows, the cash flows from investing activities section would include a. payments for retirement of bonds payable b. receipts from the issuance of common stock c. payments for dividends d. receipts from the sale of investmentsarrow_forwardDefine each of the following terms:a. Annual report; balance sheet; income statement; statement of cash flows; statement ofstockholders’ equityb. Stockholders’ equity; retained earnings; working capital; net working capital; net operatingworking capital (NOWC); total debtc. Depreciation; amortization; operating income; EBITDA; free cash flow (FCF)d. Net operating profit after taxes (NOPAT)e. Market value added (MVA); economic value added (EVA)f. Progressive tax; marginal tax rate; average tax rateg. Tax loss carryback; carryforward; alternative minimum tax (AMT)h. Traditional IRAs; Roth IRAsi. Capital gain (loss)j. S corporationarrow_forwardThe date on which liability for dividends must be recorded. * a. Date of payment b. Date of record c. Declaration date d. Date of issuancearrow_forward
- Do you add or subtract total retained earnings with paid in capital when accounting stock?arrow_forwardOn the statement of cash flows, the cash flows from investing activities section would include a.payments for dividends b.payments for the retirement of bonds payable c.receipts from the issuance of common stock d.receipts from the sale of investmentsarrow_forwardQuiz Question Please tell me what statement or statments End-of-period Retained Earnings Balance is on: Options: Income Statement Balance Sheet Statement of Cash Flows Statement of Retained Earningsarrow_forward
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