Corporate Financial Accounting15th EditionWARREN Publisher: CengageISBN: 9781337670517
Corporate Financial Accounting
Solutions for Corporate Financial Accounting
Problem 1DQ:
Name some users of accounting information.Problem 4DQ:
Josh Reilly is the owner of Dispatch Delivery Service. Recently Josh paid interest of 4,500 on a...Problem 5DQ:
5. On July 12, Reliable Repair Service extended an offer of 150,000 for land that had been priced...Problem 10DQ:
The financial statements are interrelated. (A) What item of financial or operating data appears on...Problem 1.1BE:
Cost principle On June 25, Ritts Roofing extended an offer of 250,000 for land that had been priced...Problem 1.2BE:
Accounting equation Be-The-One is a motivational consulting business. At the end of its accounting...Problem 1.3BE:
Transactions Interstate Delivery Service is owned and operated by Katie Wyer. The following selected...Problem 1.4BE:
Income statement The revenues and expenses of Paradise Travel Service for the year ended May 31,...Problem 1.5BE:
Statement of stockholders equity Using the income statement for Paradise Travel Service from Basic...Problem 1.6BE:
Balance sheet Using the following data for Paradise Travel Service as well as the statement of...Problem 1.7BE:
Statement of cash flows A summary of cash flows for Paradise Travel Service for the year ended May...Problem 1.8BE:
Ratio of liabilities to stockholders equity The following data were taken from Alvarado Companys...Problem 1.6EX:
Accounting equation Determine the missing amount for each of the following: Assets = Liabilities +...Problem 1.7EX:
Accounting equation Inspirational Inc. is a motivational consulting business. At the end of its...Problem 1.8EX:
Asset, liability, and stockholders equity items Indicate whether each of the following is identified...Problem 1.9EX:
Effect of transactions on accounting equation What is the effect of each of the following...Problem 1.10EX:
Effect of transactions on accounting equation A. A vacant lot acquired for 115,000 is sold for...Problem 1.11EX:
Effect of transactions on stockholders equity Indicate whether each of the following types of...Problem 1.12EX:
Transactions The following selected transactions were completed by Cota Delivery Service during...Problem 1.13EX:
Nature of transactions Teri West operates her own catering service. Summary financial data for July...Problem 1.14EX:
Net income and dividends The income statement for the month of February indicates a net income of...Problem 1.15EX:
Net income and stockholders equity for four businesses Four different corporations, Amber, Blue,...Problem 1.16EX:
Balance sheet items From the following list of selected items taken from the records of Bobcat...Problem 1.17EX:
Balance sheet items From the following list of selected items taken from the records of Bobcat...Problem 1.18EX:
Statement of stockholders equity Financial information related to Organic Products Company for the...Problem 1.19EX:
Income statement Inuring Services was organized on March 1, 20Y5. A summary of the revenue and...Problem 1.21EX:
Balance sheets, net income Financial information related to Ebony Interior for February and March...Problem 1.22EX:
Financial statements Each of the following items is shown in the financial statements of Exxon Mobil...Problem 1.23EX:
Statement of cash flows Indicate whether each of the following activities would the reported on the...Problem 1.24EX:
Statement of cash flows A summary of cash flows for Parker Consulting Group for the year ended...Problem 1.25EX:
Financial statements We-Sell Realty was organized as a corporation on August 1, 20Y7, by the...Problem 1.1APR:
Transactions On April 1 of the current year, .Morgan Jones established a business to manage rental...Problem 1.2APR:
Financial statements The assets and liabilities of Global Travel Agency on December 31, 20Y5. and...Problem 1.3APR:
A Financial statements Seth Feye established Reliance Financial Services on July 1, 20Y2. Reliance...Problem 1.4APR:
Transactions, financial statements On August 1, 20Y9, Brooke Kline established Western Realty....Problem 1.5APR:
Transactions; financial statements DLite Dry Cleaners is owned and operated by Joel Palk. A building...Problem 1.6APR:
Missing amounts from financial statements The financial statements at the end of Wolverine Realtys...Problem 1.1BPR:
Transactions Amy Austin established an insurance agency on March 1 of the current year and completed...Problem 1.2BPR:
Financial statements The assets and liabilities of Wilderness Travel Service on April 30, 20Y7, and...Problem 1.3BPR:
Financial statements Jose Loder established Bronco Consulting on August 1, 20Y1. The effect of each...Problem 1.4BPR:
Transactions; financial statements On April 1, 20Y8, Maria Adams established Custom Realty. Maria...Problem 1.5BPR:
Transactions; financial statements Bevs Dry Cleaners is owned and operated by Beverly Zahn. A...Problem 1.6BPR:
Missing amounts from financial statements The financial statements at the end of Atlas Realtys first...Problem 1.2MAD:
Analyze The Home Depot for three years The Home Depot, Inc. (HD), is the worlds largest home...Problem 1.3MAD:
Analyze Lowes for three years Lowes Companies, Inc. (LOW), a major competitor to The Home Depot,...Problem 1.4MAD:
Compare The Home Depot and Lowes Using your answers for The Home Depot, Inc. (HD) in MAD 1-2 and...Problem 1.5MAD:
Compare Papa Johns and Yum! Brands The following total liabilities and stockholders equity...Browse All Chapters of This Textbook
Chapter 1 - Introduction To Accounting And BusinessChapter 2 - Analyzing TransactionsChapter 3 - The Adjusting ProcessChapter 4 - The Accounting CycleChapter 5 - Accounting For Retailing BusinessesChapter 6 - InventoriesChapter 7 - Internal Control And CashChapter 8 - ReceivablesChapter 9 - Long-Term Assets: Fixed And IntangibleChapter 10 - Liabilities: Current, Installment Notes, And Contingencies
Book Details
Give your students a solid foundation in core financial accounting concepts while helping learners develop a true appreciation for why accounting is important to business and a prosperous society with Warren/Jones’ CORPORATE FINANCIAL ACCOUNTING, 15E. Thi
Sample Solutions for this Textbook
We offer sample solutions for Corporate Financial Accounting homework problems. See examples below:
Chapter 1, Problem 1DQChapter 1, Problem 1.3BEChapter 1, Problem 1.12EXChapter 1, Problem 1.5APRChapter 1, Problem 1.6APRChapter 1, Problem 1.5BPRChapter 1, Problem 1.6BPRChapter 2, Problem 1DQChapter 2, Problem 2.2APR
Chapter 2, Problem 2.3APRChapter 2, Problem 2.4APRChapter 2, Problem 2.3BPRChapter 2, Problem 2.4BPRChapter 2, Problem 1CPChapter 3, Problem 1DQExplanation: An adjusting entry for accrued fees: In this case, the Company AC recognized the fees...Chapter 3, Problem 3.3APRChapter 3, Problem 3.5APRChapter 3, Problem 3.2BPRChapter 3, Problem 3.3BPRChapter 3, Problem 3.5BPRChapter 3, Problem 1CPExplanation: First, a worksheet records the account balances transferred from the adjusted trial...Chapter 4, Problem 4.3APRChapter 4, Problem 4.4APRChapter 4, Problem 4.5APRChapter 4, Problem 4.4BPRChapter 4, Problem 4.5BPRChapter 4, Problem 1COPExplanation: The following table shows the differences between a merchandising businesses from a...Chapter 5, Problem 5.1APRChapter 5, Problem 5.2APRChapter 5, Problem 5.3APRChapter 5, Problem 5.4APRChapter 5, Problem 5.1BPRChapter 5, Problem 5.2BPRChapter 5, Problem 5.3BPRChapter 5, Problem 5.4BPRChapter 5, Problem 2COPExplanation: This procedure of reconciliation verifies that the inventory matches with the type and...Chapter 6, Problem 6.4APRChapter 6, Problem 6.5APRChapter 6, Problem 6.4BPRChapter 6, Problem 6.5BPRExplanation: The inventory turnover ratio for Company T is calculated as follows: Inventory...Chapter 6, Problem 6.3MADExplanation: Five elements of internal control: Control Environment: Control Environment refers to...Explanation: Journal entry 1: Establish petty cash fund. Date Account Title and Explanation Post Ref...Explanation: The deposits which are not recorded by the bank are referred to as deposits in transit....Explanation: The deposits which are not recorded by the bank are referred to as deposits in transit....Explanation: Journal entry 1: Establish petty cash fund. Date Account Title and Explanation Post Ref...Explanation: The deposits which are not recorded by the bank are referred to as deposits in transit....Chapter 8, Problem 1DQChapter 8, Problem 8.13EXChapter 8, Problem 8.14EXChapter 8, Problem 8.1APRChapter 8, Problem 8.4APRChapter 8, Problem 8.1BPRChapter 8, Problem 8.4BPRChapter 9, Problem 1DQChapter 9, Problem 9.3APRChapter 9, Problem 9.4APRChapter 9, Problem 9.5APRChapter 9, Problem 9.2BPRChapter 9, Problem 9.3BPRChapter 9, Problem 9.5BPRChapter 10, Problem 1DQChapter 10, Problem 10.2APRChapter 10, Problem 10.3APRWorking notes: Calculate interest expense for discounted notes. Interest expense = Principal...Working notes: Calculate the amount of social security taxes payable as below: Social security...Chapter 10, Problem 10.3BPRExplanation: The following are the journal entries. 20Y5 Particulars Debit ($) Credit ($) January 3...Chapter 11, Problem 1DQChapter 11, Problem 11.1APRExplanation: Bonds: Bonds are long-term promissory notes that are represented by a company while...Chapter 11, Problem 11.1BPRChapter 11, Problem 11.2BPRChapter 11, Problem 11.3BPRChapter 12, Problem 1DQChapter 12, Problem 12.3APRExplanation: Journal entry: Journal entry is a set of economic events which can be measured in...Chapter 12, Problem 12.5APRExplanation: Journal entry: Journal entry is a set of economic events which can be measured in...Chapter 12, Problem 4COPChapter 13, Problem 1DQChapter 13, Problem 13.17EXExplanation: Working notes: Calculate increase or decrease in merchandise inventories: Increase or...Explanation: Working notes: Calculate the amount of cash received from customers: (Cash received...Explanation: Working notes: Calculate the amount of cash received from customers: (Cash received...Explanation: Company AT has more revenue of $163,786 which is more than the revenue of Company F of...Chapter 14, Problem 1DQCompute working capital. Current ratio=Current assets–Current liabilities= $1,650,000 –...Chapter 14, Problem 14.4APRChapter 14, Problem 14.5APRChapter 14, Problem 14.3BPRChapter 14, Problem 14.4BPRChapter 14, Problem 14.5BPRExplanation: Due to tremendous growth in international commerce, the companies require to report to...Prepare journal entry for the purchase of 4,000 shares of Company A at $50 price per share and a...Chapter D, Problem D.2EX
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Bundle: Corporate Financial Accounting, Loose-leaf Version, 13th + Lms Integrated For Cengagenow, 1 Term Printed Access Card
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Study Guide Ch Cf1-cf15-corporate Financial Accounting
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Corporate Financial Accounting 11th Edition (corporate Financial Accounting 11th Edition Loose Leaf With Access Code For Online Study At Cengage Learning)
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CORPORATE FINANCIAL ACCT - 15TH ED
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Working Papers for Warren/Reeve/Duchac's Corporate Financial Accounting, 14th
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