Answer questions 22-30 using the following information: Foreign Sales. General Administrative Expenses. Inventory... Legal Réserves.. Marketing, Sales & Delivery Exp. Notes Payable. Prepaid Éxpenses(ST). Provision for Loss on Inventories. Sales Discounts. Sales Returns. Software.. Statutory Reserves. Subsidiaries.. Uneamed Revenue. Accounts Payable. Accounts Receivable.. ..8.000 .13.000 ..200 10.000 .18.000 Allowance for Doubtful Accounts...2.000 20.000 30.000 .8.000 .100.000 124.000 40.000 ..16.000 36.000 200 .24.000 TL .1.800 .3.000 ..2.000 .4.000 ..6.000 .1.000 .1.000 10.000 .10.000 ..2.200 .1.200 .28.000 .20.000 Accumulated Amortization. Accumulated Depreciation. Additional Paid-in Capital. Associates... Bank Loans(LT). Bank Loans(ST). Building.. Capital. Cash Cost of Goods Sold. Domestic Sales. Financing Expenses.. 22. The Turkish Lira value of the net realizable value of the accounts receivable is a. 13.000 TL b2.000 TL c. 15.000 TL d. 11.000 TL 23. The Turkish Lira value of gross profit is a. 40.000 TL b. 20.000 TL c. 16.000 TL d. 24.000 TL 24. The total Turkish Lira value of financial fixed assets is a. 20.000 TL b. 28.000 TL S3.000 TL d. 48.000 TL 25. The Turkish Lira value of operating profit is a. 18.200 TL b. 19.200 TL c. 6.800 TL d. 5.800 TL 26. The total Turkish Lira value of current liabilities is a. 8.000 TL b. 20.000 TL c. 42.000 TL d. 30.000 TL 27. The total Turkish value of operating expenses is a. 4.000 TL b. 1.800 TL c. 5.800 TL d. 6.800 TL 28. The total Turkish Lira value of reserves is a. 1.200 TL b. 3.200 TL c. 2.000 TL d. s00 TL 29. The Turkish Lira value of the book value of intangible assets is a. 2.000 TL b. 2.200 TL с. 200 TL d. 2.400 TL 30. The Turkish Lira value of the net value of inventory is a. 3.000 TL b. 2.000 TL c. 1.000 TL d. 4.000 TL

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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Answer questions 22-30 using the following information:
Foreign Sales.
General Administrative Expenses.
Inventory...
Legal Réserves..
Marketing, Sales & Delivery Exp.
Notes Payable.
Prepaid Éxpenses(ST).
Provision for Loss on Inventories.
Sales Discounts.
Sales Returns.
Software..
Statutory Reserves.
Subsidiaries..
Uneamed Revenue.
Accounts Payable.
Accounts Receivable..
..8.000
.13.000
..200
10.000
.18.000
Allowance for Doubtful Accounts...2.000
20.000
30.000
.8.000
.100.000
124.000
40.000
..16.000
36.000
200
.24.000 TL
.1.800
.3.000
..2.000
.4.000
..6.000
.1.000
.1.000
10.000
.10.000
..2.200
.1.200
.28.000
.20.000
Accumulated Amortization.
Accumulated Depreciation.
Additional Paid-in Capital.
Associates...
Bank Loans(LT).
Bank Loans(ST).
Building..
Capital.
Cash
Cost of Goods Sold.
Domestic Sales.
Financing Expenses..
22. The Turkish Lira value of the net realizable value of the accounts receivable is
a. 13.000 TL
b2.000 TL
c. 15.000 TL
d. 11.000 TL
23. The Turkish Lira value of gross profit is
a. 40.000 TL
b. 20.000 TL
c. 16.000 TL
d. 24.000 TL
24. The total Turkish Lira value of financial fixed assets is
a. 20.000 TL
b. 28.000 TL
S3.000 TL
d. 48.000 TL
25. The Turkish Lira value of operating profit is
a. 18.200 TL
b. 19.200 TL
c. 6.800 TL
d. 5.800 TL
26. The total Turkish Lira value of current liabilities is
a. 8.000 TL
b. 20.000 TL
c. 42.000 TL
d. 30.000 TL
27. The total Turkish value of operating expenses is
a. 4.000 TL
b. 1.800 TL
c. 5.800 TL
d. 6.800 TL
28. The total Turkish Lira value of reserves is
a. 1.200 TL
b. 3.200 TL
c. 2.000 TL
d. s00 TL
29. The Turkish Lira value of the book value of intangible assets is
a. 2.000 TL
b. 2.200 TL
с. 200 TL
d. 2.400 TL
30. The Turkish Lira value of the net value of inventory is
a. 3.000 TL
b. 2.000 TL
c. 1.000 TL
d. 4.000 TL
Transcribed Image Text:Answer questions 22-30 using the following information: Foreign Sales. General Administrative Expenses. Inventory... Legal Réserves.. Marketing, Sales & Delivery Exp. Notes Payable. Prepaid Éxpenses(ST). Provision for Loss on Inventories. Sales Discounts. Sales Returns. Software.. Statutory Reserves. Subsidiaries.. Uneamed Revenue. Accounts Payable. Accounts Receivable.. ..8.000 .13.000 ..200 10.000 .18.000 Allowance for Doubtful Accounts...2.000 20.000 30.000 .8.000 .100.000 124.000 40.000 ..16.000 36.000 200 .24.000 TL .1.800 .3.000 ..2.000 .4.000 ..6.000 .1.000 .1.000 10.000 .10.000 ..2.200 .1.200 .28.000 .20.000 Accumulated Amortization. Accumulated Depreciation. Additional Paid-in Capital. Associates... Bank Loans(LT). Bank Loans(ST). Building.. Capital. Cash Cost of Goods Sold. Domestic Sales. Financing Expenses.. 22. The Turkish Lira value of the net realizable value of the accounts receivable is a. 13.000 TL b2.000 TL c. 15.000 TL d. 11.000 TL 23. The Turkish Lira value of gross profit is a. 40.000 TL b. 20.000 TL c. 16.000 TL d. 24.000 TL 24. The total Turkish Lira value of financial fixed assets is a. 20.000 TL b. 28.000 TL S3.000 TL d. 48.000 TL 25. The Turkish Lira value of operating profit is a. 18.200 TL b. 19.200 TL c. 6.800 TL d. 5.800 TL 26. The total Turkish Lira value of current liabilities is a. 8.000 TL b. 20.000 TL c. 42.000 TL d. 30.000 TL 27. The total Turkish value of operating expenses is a. 4.000 TL b. 1.800 TL c. 5.800 TL d. 6.800 TL 28. The total Turkish Lira value of reserves is a. 1.200 TL b. 3.200 TL c. 2.000 TL d. s00 TL 29. The Turkish Lira value of the book value of intangible assets is a. 2.000 TL b. 2.200 TL с. 200 TL d. 2.400 TL 30. The Turkish Lira value of the net value of inventory is a. 3.000 TL b. 2.000 TL c. 1.000 TL d. 4.000 TL
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