Please answer the 10 questions thank you hancial Services LLChemano@wisdirect.comFRIと6. hich of the folowing is not, aViabity alcant?a) ncants payubleBi uccreedC) piepaicd expenseDi cement paction of kng tem notes payatleStraight line Depreciutson method recends depiciatin experses;a) less in the early years anl more in lakr yearsb) Baseel onc/ More In the eary yeurs and less in lafer yearsD)At an evers amount ench yeur over the life of the assetinkrest7. Thethe amount of units prodluced by the asset0. The Cocncola (ompang reporteel the followiag at the end of 20R. Asets ofexprvesde, o00,000,00 Costs ind53,000,00,000,topes equity of, ravenue of 48,00 cOD cro. Net incomefor21,000, 000 ow, liatilities ofthe year Wus:A) 48,000,600, b00Requitly=33, 00,,0D/33000,0e, cootheWith retained canings of 3,500,000, eanelof4 Acoperation bigannet 1aone of 00,000 nnl reported cacling3,400,0.0.videnels of for the year wereyearcarminyshetaigedBorom- Which of the followby is Nol a true Statemant atout grs Margina H is a waluabl netric nevaluesting peze preluct profifabilhtyb) It is Calaulated as revencie les lost of yzal SddSelling and macketny expeoxs are linsideed in its cakudlatonIt is" also refered to as Gross profit 1Accanting Data flow from thea) inceme statmest to Statemet of aunes eguityb) balance sheet to stakment of anos efuityCbalance Sheet to inome statement)(ash flow Statemantto Incame Stalement2.fevence reconitiun Principle saysa) recond" reveAce when you Sipn Contract2recerd revoke anly afterhae eanedityouAreandfevence whenháu reiered anorceryouDrecod rennde after you reciere Lash3) Fosilü famous for fashion. At the ecnd of the year Fosstotalassets ado up to 363,0g0ond equity 226,0muchwere fossils lidbilifies?2)cannot chefesmineb363, 000,000りス28,000 0084) The main catyones of cash flohs actwittes area) Direct and indirectJoogDi gperating, mresting, and finencingcurent nddtermnon ush inestikg unulnesting.finaning5) Which of the followina 1s includel within curent assets on Balane Sheefa) laned vsrel in Raily speratiob)A truck d innuntury,D vstingi al assetslaily operation.

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Answered: 1-Accaunting a) income statmest to…

1-Accaunting a) income statmest to Statemet of aunes epuity b) balance sheet to stakment of anos equity C) balance Sheet to income statement D)(ash flow Stakement Data flow from the to ncome

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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5points ItemSkipped eBook Print Check my workCheck My Work button is now enabled Item 5 Item 5 5 points Item Skipped The information below pertains to the retiree health care plan of Thompson Technologies: ($ in 000s) 2018BeginningBalances 2018EndingBalances Accumulated postretirement benefit obligation $ 560 $ 585 Plan assets 0 75 Funded status (560 ) (510 ) Prior service cost–AOCI 195 158 Net gain–AOCI (65 ) (64 ) Thompson began funding the plan in 2018 with a contribution of $142,000 to the benefit fund at the end of the year. Retirees were paid $53,000. The actuary’s discount rate is 5%. There were no changes in actuarial estimates and assumptions. Required:1. Determine the service cost for 2018.2. Determine the postretirement benefit expense for 2018.3. Determine the net benefit liability for 2018.