![]() With content that is presented in organized learning blocks ending with a need-to-know examples, the text makes it easy for students to find the most relevant content needed to solve problems. With its step-by-step approach and the author’s accessible writing style, Fundamental Accounting Principles streamlines complex accounting processes and helps students build confidence by mastering key concepts and procedures. (Round turnover to two decimals.John Wild and Ken Shaw and Kermit Larson Fundamental Accounting PrincipOcto9781260247985 For more than six decades, Fundamental Accounting Principles has helped introductory accounting students succeed. ![]() Interpret its total asset turnover if competitors average 2.5 for annual periods. Use total revenue for the numerator and average the December 31, 2015, total assets and the March 31, 2016, total assets for the denominator. Compute the three-month total asset turnover for Business Solutions as of March 31, 2016. Given the assumptions in part 1, what is the book value of both the office equipment and the computer equipment as of December 31, 2016? 3. Compute amounts for the year ended December 31, 2016, for Depreciation Expense—Office Equipment and for Depreciation Expense—Computer Equipment (assume use of the straight-line method). Assume that Business Solutions does not acquire additional office equipment or computer equipment in 2016. Selected ledger account balances for Business Solutions follow. It is helpful, but not necessary, to use the Working Papers that accompany the book. If previous chapter segments were not completed, the serial problem can begin at this point. (This serial problem began in Chapter 1 and continues through most of the book. Explain what the acid-test ratio of a company measures. Use the following information on current assets and current liabilities to compute and interpret the acid-test ratio. Do these impairments increase or decrease the Property, Plant and Equipment account? By what amount? Volkswagen reports €118 of impairments. Prepare Volkswagen’s journal entry to record its €2,362 in disposals for 2013 assuming it receives €700 cash in return and the accumulated depreciation on the disposed assets totals €1,162. Prepare Volkswagen’s journal entry to record its additions for 2013 assuming they are paid in cash and are treated as “betterments (improvements)†to the assets. Prepare Volkswagen’s journal entry to record its depreciation for 2013. Volkswagen Group reports the following information for property, plant, and equipment as of December 31, 2013, along with additions, disposals, depreciation, and impairments for the year ended Decem(euros in millions): 1. ![]() What is the annual rate of interest for this investment? (Use Table B.1.) Reference: Table B.1 Ken Francis is offered the possibility of investing $2,745 today and in return to receive $10,000 after 15 years. Sample questions asked in the 22nd edition of Fundamental Accounting Principles: Connect Accounting provides students with a media-rich eBook version of the textbook and offers instant grading and feedback for assignments that are completed online. Fundamental Accounting Principles also delivers innovative technology to help student performance. Its leadingedge accounting content, paired with state-of-the-art technology, supports student learning and elevates understanding of key accounting principles. Whether the goal is to become an accountant, a businessperson, or simply an informed consumer of accounting information, Fundamental Accounting Principles has helped generations of students succeed. Working with learning resources across devices, whether smartphones, tablets, or laptop computers, empowers students to drive their own learning by putting increasingly intelligent technology into their hands. Enhancements in technology have changed how we live and learn.
0 Comments
Leave a Reply. |