Chapter 9, Problem 3AP

1.

To determine

Describe the financial statement effects.

2.

To determine

Identify the amount of unearned revenue that will be reported in the 2014 and 2015 balance sheet.

3.

To determine

Identify whether the Company E is experiencing financial difficulty and also provide some additional information that should be considered while making the evaluation of the company.

4.

To determine

Explain Corporation B’s accounting policy for environmental expenditures and also give justification for the policy.