FINANCIAL ACCOUNTING W/WILEY+ >IP<
9th Edition
ISBN: 9781118948828
Author: Weygandt
Publisher: JOHN WILEY+SONS INC.CUSTOM
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Question
Chapter 11, Problem 7Q
To determine
Common stock: These are the ordinary shares that a corporation issues to the investors in order to raise funds. In return, the investors receives a share of profit from the profits earned by the corporation.
To find out: The number of authorized shares, issued shares and outstanding shares.
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Accurate answer
A firm has total sales of $2,450,000 and costs of $1,550,000.
E9
✓ ✓ fx
5
6
7
8 Date Value
و
3835
40468
B
Fractional Date
40468.25
10
40468.375
11
40468.625
12
13
14
15 DATE DATA CLEANUP and MANIPULATION
D
Problem Date
Year (YEAR)
Month (MONTH)
Day (DAY)
End of month
Start of month
Use E6 "Problem Date" for green cells in col. E & I
10/8/2019
Start of next month
First day of the year
#N/A
#N/A
# N/A
#N/A
#N/A
#N/A
#N/A
Month to date fraction of year
Day of the week
TIP: Use custom date format to display
as the name of the day (dddd)
Name of month
Workdays in current month
30 workdays (excluding weekends) from today
Days between today and 30 workdays from now
16
17
Target
$2,000
DATE
REVENUE
MONTH
DAY OF WEEK
Hit Target?
MONTH
DAY OF WEEK
FORMULAS for TABLE COLUMNS C through E
SC
Hit Target?
19
10/1/2019
$3,642
#N/A
#N/A
#N/A
20
10/2/2019
$3,427
#N/A
#N/A
#N/A
21
21
10/3/2019
$3,842
#N/A
#N/A
#N/A
22
22
10/4/2019
10/4/2015
$3,525
#INDA
#N/A
#N/A
#N/A
23
10/5/2019
$3.648
20
10/5/2015
99,040
#N/A
#N/A
#N/A
24
24
10/6/2019
10/6/2015
$3,833
#N/A
#N/A…
Chapter 11 Solutions
FINANCIAL ACCOUNTING W/WILEY+ >IP<
Ch. 11 - Prob. 1QCh. 11 - Prob. 2QCh. 11 - Prob. 3QCh. 11 - Prob. 4QCh. 11 - Prob. 5QCh. 11 - Prob. 6QCh. 11 - Prob. 7QCh. 11 - Prob. 8QCh. 11 - Prob. 9QCh. 11 - Prob. 10Q
Ch. 11 - Prob. 11QCh. 11 - Prob. 12QCh. 11 - Prob. 13QCh. 11 - Prob. 14QCh. 11 - Prob. 15QCh. 11 - Prob. 16QCh. 11 - Prob. 17QCh. 11 - Prob. 18QCh. 11 - 19 (a) Three dates are important in connection...Ch. 11 - Prob. 20QCh. 11 - Prob. 21QCh. 11 - Prob. 22QCh. 11 - Prob. 23QCh. 11 - Prob. 24QCh. 11 - Prob. 25QCh. 11 - Prob. 26QCh. 11 - Prob. 27QCh. 11 - Prob. 11.1BECh. 11 - Prob. 11.2BECh. 11 - Prob. 11.3BECh. 11 - Prob. 11.4BECh. 11 - Prob. 11.5BECh. 11 - Prob. 11.6BECh. 11 - Prob. 11.7BECh. 11 - Prob. 11.8BECh. 11 - Prob. 11.9BECh. 11 - Prob. 11.10BECh. 11 - Prob. 11.11BECh. 11 - Prob. 11.12BECh. 11 - Prob. 11.13BECh. 11 - Prob. 11.1DIRCh. 11 - Prob. 11.2DIRCh. 11 - Prob. 11.3DIRCh. 11 - Prob. 11.4DIRCh. 11 - Prob. 11.5DIRCh. 11 - Prob. 11.6DIRCh. 11 - Prob. 11.7DIRCh. 11 - Prob. 11.8DIRCh. 11 - Prob. 11.1ECh. 11 - Prob. 11.2ECh. 11 - Prob. 11.3ECh. 11 - Prob. 11.4ECh. 11 - Prob. 11.5ECh. 11 - Prob. 11.6ECh. 11 - Prob. 11.7ECh. 11 - Prob. 11.8ECh. 11 - Prob. 11.9ECh. 11 - Prob. 11.10ECh. 11 - Prob. 11.11ECh. 11 - Prob. 11.12ECh. 11 - Prob. 11.13ECh. 11 - Prob. 11.14ECh. 11 - Prob. 11.15ECh. 11 - Prob. 11.16ECh. 11 - Prob. 11.17ECh. 11 - E11-18 Newland Company reported retained earnings...Ch. 11 - Prob. 11.19ECh. 11 - Prob. 11.20ECh. 11 - Prob. 11.21ECh. 11 - Prob. 11.22ECh. 11 - Prob. 11.23ECh. 11 - Prob. 11.24ECh. 11 - Prob. 11.1APCh. 11 - Prob. 11.2APCh. 11 - Prob. 11.3APCh. 11 - Prob. 11.4APCh. 11 - Prob. 11.5APCh. 11 - Prob. 11.6APCh. 11 - Prob. 11.7APCh. 11 - Prob. 11.8APCh. 11 - Prob. 11.9APCh. 11 - Prob. 11.1BPCh. 11 - Prob. 11.2BPCh. 11 - Prob. 11.3BPCh. 11 - Prob. 11.4BPCh. 11 - Prob. 11.5BPCh. 11 - Prob. 11.6BPCh. 11 - Prob. 11.7BPCh. 11 - Prob. 11.1BYPCh. 11 - Prob. 11.2BYPCh. 11 - Prob. 11.3BYPCh. 11 - Prob. 11.5BYPCh. 11 - Prob. 11.6BYPCh. 11 - Prob. 11.7BYPCh. 11 - Prob. 11.8BYPCh. 11 - Prob. 11.1IFRSCh. 11 - Prob. 11.2IFRSCh. 11 - Prob. 11.3IFRSCh. 11 - Prob. 11.4IFRS
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- I am searching for the correct answer to this general accounting problem with proper accounting rules.arrow_forwardA 1 DATE VALUE VALUE FORMULA Use E6 "Problem Date" for green cells in col. E & I C D E F G H VALUE MEASURE VALUE FORMULA MEASURE 1 Current Date (TODAY) 9 Current Time (NOW) #N/A #N/A Cumulative full days this year Year to date fraction (YEARFRAC) Use E6 "Problem Date" for green cells in col. E & I 2 3 4 548 5 3835 6 40468 Problem Date 7 Year (YEAR) 8 Date Value Fractional Date Month (MONTH) 9 40468.25 10 40468.375 11 40468.625 12 Day (DAY) End of month Start of month 13 Start of next month 14 15 DATE DATA CLEANUP and MANIPULATION First day of the year 10/8/2019 #N/A #N/A #N/A #N/A #N/A #N/A #N/A Month to date fraction of year Day of the week TIP: Use custom date format to display as the name of the day (dddd) Name of month #N/A #N/A #N/A #N/A #N/A Workdays in current month #N/A 30 workdays (excluding weekends) from today #N/A Days between today and 30 workdays from now #N/A 16 Target $2,000 17 18 DATE REVENUE MONTH DAY OF WEEK Hit Target? MONTH FORMULAS for TABLE COLUMNS C through E…arrow_forwardPlease explain the solution to this general accounting problem with accurate explanations.arrow_forward
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