Financial Accounting Plus MyLab Accounting with Pearson eText - Access Card Package (11th Edition)

11th Edition

ISBN: 9780134436135

Author: Walter T. Harrison Jr., Charles T. Horngren, C. William Thomas, Wendy M. Tietz

Publisher: PEARSON

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Concept explainers

The Effect Of Prepaid Taxes On Assets And Liabilities

Many businesses estimate tax liability and make payments throughout the year (often quarterly). When a company overestimates its tax liability, this results in the business paying a prepaid tax. Prepaid taxes will be reversed within one year but can resu…

Final Accounts

Financial accounting is one of the branches of accounting in which the transactions arising in the business over a particular period are recorded.

Ledger Posting

A ledger is an account that provides information on all the transactions that have taken place during a particular period. It is also known as General Ledger. For example, your bank account statement is a general ledger that gives information about the a…

Trial Balance and Final Accounts

In accounting we start with recording transaction with journal entries then we make separate ledger account for each type of transaction. It is very necessary to check and verify that the transaction transferred to ledgers from the journal are accurately…

Adjustment Entries

At the end of every accounting period Adjustment Entries are made in order to adjust the accounts precisely replicate the expenses and revenue of the current period. It is also known as end of period adjustment. It can also be referred as financial repor…

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Textbook Question

Chapter 12, Problem 12.1S

LO 1

(Learning Objective 1: Explain the purposes of the statement of cash flows) Describe how the statement of cash flows helps investors and creditors do each of the following:

a. Predict future cash flows
b. Evaluate management decisions

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Chapter 12, Problem 12.1EC

Chapter 12, Problem 12.2S

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Chapter 12 Solutions

Financial Accounting Plus MyLab Accounting with Pearson eText - Access Card Package (11th Edition)

Ch. 12 - Prob. 1QC Ch. 12 - Prob. 2QC Ch. 12 - Prob. 3QC Ch. 12 - Prob. 4QC Ch. 12 - Prob. 5QC Ch. 12 - Prob. 6QC Ch. 12 - Prob. 7QC Ch. 12 - Prob. 8QC Ch. 12 - Prob. 9QC Ch. 12 - Prob. 10QC

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