Solutions for Horngren's Accounting
Problem 1QC:
Assets are listed on the balance sheet in the order of their Learning Objective 1 purchase date....Problem 2QC:
Which of the following accounts would be included in the property, plant, and equipment category of...Problem 3QC:
Which situation indicates a net loss within the Income Statement section of the worksheet? Learning...Problem 4QC:
Which of the following accounts is not closed? Learning Objective 3 Depreciation Expense Owner,...Problem 5QC:
What do closing entries accomplish? Learning Objective 3 Zero out the revenues, expenses, and Owner,...Problem 6QC:
Which of the following is not a closing entry? Learning Objective 3 Date Accounts and Explanation...Problem 7QC:
Which of the following accounts may appear on a post-closing trial balance? Learning Objective 4...Problem 8QC:
8. Which of the following steps of the accounting cycle is not completed at the end of the period?...Problem 9QC:
Clean Water Softener Systems has Cash of $600, Accounts Receivable of $900, and Office Supplies of...Problem 10AQC:
Which of the following statements concerning reversing entries is true? Learning Objective 7...Problem 2RQ:
What does the income statement report?Problem 11RQ:
If a business had a net loss for the year, where would the net loss be reported on the worksheet?Problem 17RQ:
If a business had a net loss for the year, what would be the closing entry to close Income Summary...Problem 20RQ:
What is the current ratio, and how is it calculated?Problem S4.4SE:
Preparing a balance sheet (classified, report form) to the data in Short Exercise S4-1. Prepare...Problem S4.5SE:
Classifying balance sheet accounts Learning Objective 1 For each account instead, identify the...Problem S4.11SE:
S412 Identifying accounts included on a postclosing trail balance Learning Objective 4 Office...Problem S4.12SE:
Identifying steps in the accounting cycle Learning Objective 5 Review the steps in the accounting...Problem E4.16E:
Classifying balance sheet accounts Learning Objective 1 For each listed, identify the category that...Problem E4.23E:
Preparing a worksheet and closing entries Jadence Elliot, CPA, had the following partial worksheet....Problem E4.24E:
I 2 I I’rcpai ing t losing end ics I rom an adjusted (rial balancci preparing a post i losiiij’ dial...Problem E4.25E:
a post-dosing trial balance rics* illic r. s ano a r Lcheet, closing entn , worksheet as of...Problem P4.29APGA:
'v"-1 evaluate a company •""' UM"B tl,e r“" ratio ‘- rhe adjusted trial balance of Bertrand Irrii...Problem P4.30APGA:
Preparing a worksheet, financial statements, and i losing -ntrl J he /nW/w/rt/trial balance of l...Problem P4.31APGA:
WIUIAMt Osy ANVILS UrMdjuMvd lr „ ik'Uno. l>cu mb'-i |t, ?0ls B.il/wce Account Title Debit Credit...Problem P4.32APGA:
Completing the accounting cycle from journal entries to post-closing trial balance with an optional...Problem P4.36BPGB:
Preparing a worksheet, financial statements, and closing entries The unadjusted trial Balance of...Problem P4.38BPGB:
Completing d««„„„u„g cycle 6mm inn.n.l cn.ric, .0 pc.-C.Ing «„ balance with an optional worksheet On...Problem P4.40CP:
Completing the accounting cycle from adjusted trial balance to post-closing trial balance with an...Browse All Chapters of This Textbook
Chapter 1 - Accounting And The Business EnvironmentChapter 2 - Recording Business TransactionsChapter 3 - The Adjusting ProcessChapter 4 - Completing The Accounting CycleChapter 5 - Merchandising OperationsChapter 6 - Merchandise InventoryChapter 7 - Accounting Information SystemsChapter 8 - Internal Control And CashChapter 9 - ReceivablesChapter 10 - Plant Assets, Natural Resources, And Intangibles
Chapter 11 - Current Liabilities And PayrollChapter 12 - PartnershipsChapter 13 - CorporationsChapter 14 - Long-term LiabilitiesChapter 15 - InvestmentsChapter 16 - The Statement Of Cash FlowsChapter 17 - Financial Statement AnalysisChapter 18 - Introduction To Managerial AccountingChapter 19 - Job Order CostingChapter 20 - Process CostingChapter 21 - Cost-volume-profit AnalysisChapter 22 - Master BudgetsChapter 23 - Flexible Budgets And Standard Cost SystemsChapter 24 - Cost Allocation And Responsibility AccountingChapter 25 - Short-term Business DecisionsChapter 26 - Capital Investment Decisions
Book Details
Horngren’s Accounting presents the core content of the accounting course in a fresh format designed to help today’s learners succeed.
The Eleventh Edition expands on the proven success of the significant revision to the Horngren franchise and uses what the authors have learned from focus groups, market feedback, and colleagues to create livelier classrooms, provide meaningful learning tools, and give professors resources to help students inside and outside the class. First, the authors ensured that content was clear, consistent, and above all, accurate. Every chapter is reviewed to ensure that students understand what they are reading and that there is consistency from chapter to chapter. The author team worked every single accounting problem and employed a team of accounting professors from across the nation to review for accuracy.
The Eleventh Edition expands on the proven success of the significant revision to the Horngren franchise and uses what the authors have learned from focus groups, market feedback, and colleagues to create livelier classrooms, provide meaningful learning tools, and give professors resources to help students inside and outside the class. First, the authors ensured that content was clear, consistent, and above all, accurate. Every chapter is reviewed to ensure that students understand what they are reading and that there is consistency from chapter to chapter. The author team worked every single accounting problem and employed a team of accounting professors from across the nation to review for accuracy.
This edition continues the focus on student success and provides resources for professors to create an active and engaging classroom. Through MyAccountingLab, students have the opportunity to watch author recorded solution videos, practice the accounting cycle using an interactive tutorial, and watch in-depth author-driven animated lectures that cover every learning objective. In addition, all instructor resources have been updated to accompany this edition of the book, including the PowerPoint presentations and Test Bank.
Sample Solutions for this Textbook
We offer sample solutions for Horngren's Accounting homework problems. See examples below:
Solution: The answer to the question is: d. All of the above. Explanations: Given: Choices for the...Chapter 2, Problem 1QCExplanations: • Accrual accounting records revenue only when it is earned: The principle of accrual...Chapter 4, Problem 1QCChapter 5, Problem 1QCChapter 6, Problem 1QCChapter 7, Problem 1QCChapter 8, Problem 1QCChapter 9, Problem 1QC
Since this expenditure is incurred after the asset came into existence and not related to the asset...The liabilities which are going to arise in the near future and the amount of which is going to be...• A partnership does not limit liability of the partners to their share of the partnership. Partners...The first option “Mutual agency” is an advantage of a corporation because there is no mutual agency...The Journal Entry for the annual payment of interest and principal on December 31, 2019 is as...The correct answer to the question will be – b. No significant influence equity investment This can...Option a: The cash flow statement shows summarized details of the cash transactions in a period. It...Management’s discussion and analysis of financial condition and result of operations (MD&A)....External Financial Statements are prepared under financial accounting for the reference and usage of...Solution: d. Advertising Agency-Job order costing: Cell Phone companies-Process Costing Job costing...Job costing method is used by the companies involved in the production of customized products....Chapter 21, Problem 1QC: The budget of a company is the plan set in advance for the allocation of resources and how these...C. $19,680 Calculations: Flexible BudgetMajorNet System Actual Production and sales of Connectors 84...The Following statements hold true for the plant-wide and departmental overhead allocation rate:...Explanation for incorrect answer: For taking short term business decision, traditional costing...Explanation for Correct answer: The Second step of Capital Budgeting is Evaluation of projects or...
More Editions of This Book
Corresponding editions of this textbook are also available below:
Horngren's Accounting, The Financial Chapters
13th Edition
ISBN: 9780136161974
Accounting
9th Edition
ISBN: 9780132569057
Accounting, Chapters 1-23, Complete Book and MyAccountingLab Student Access Code Card Package (8th Edition)
8th Edition
ISBN: 9780137053001
Horngren's Accounting, Student Value Edition Plus MyAccountingLab with Pearson eText, Access Card Package
11th Edition
ISBN: 9780134078946
Horngren's Accounting, The Financial Chapters (11th Edition) - Standalone Book
11th Edition
ISBN: 9780133866889
MyLab Accounting with Pearson eText -- Access Card -- for Horngren's Accounting, The Financial Chapters (My Accounting Lab)
11th Edition
ISBN: 9780133877502
ACCOUNTING PRINCIPLES 122 5/16 >C<
17th Edition
ISBN: 9781323461471
EBK HORNGREN'S ACCOUNTING
11th Edition
ISBN: 9780100662957
EBK HORNGREN'S ACCOUNTING
11th Edition
ISBN: 8220101338631
Horngren's Accounting Plus MyAccountingLab with Pearson eText -- Access Card Package (11th Edition) (Miller-Nobles et al., The Horngren Accounting Series)
11th Edition
ISBN: 9780134077338
ACCOUNTING PRINCIPLES 222 5/16 >C<
2nd Edition
ISBN: 9781323461525
Horngren's Accounting, The Financial Chapters, Student Value Edition (11th Edition)
11th Edition
ISBN: 9780133876352
MyLab Accounting with Pearson eText -- Access Card -- for Horngren's Accounting
11th Edition
ISBN: 9780133877571
EBK HORNGREN'S ACCOUNTING
11th Edition
ISBN: 9780133867411
Horngren's Accounting, The Financial Chapters, Student Value Edition Plus MyLab Accounting with Pearson eText -- Access Card Package (11th Edition)
11th Edition
ISBN: 9780134078960
Horngren's Accounting (11th Edition)
11th Edition
ISBN: 9780133856781
Horngren's Accounting, Student Value Edition (11th Edition)
11th Edition
ISBN: 9780133851182
Horngren's Accounting, Student Value Edition (12th Edition)
12th Edition
ISBN: 9780134487151
Horngren's Accounting: The Managerial Chapters (12th Edition) (loose Leaf Version)
12th Edition
ISBN: 9780134486826
ACCOUNTING PRINCIPLES V2 6/17 >C<
3rd Edition
ISBN: 9781323761458
EBK HORNGREN'S ACCOUNTING, THE FINANCIA
12th Edition
ISBN: 9780134490496
Myaccountinglab With Pearson Etext -- Access Card -- For Horngren's Accounting, The Managerial Chapters
12th Edition
ISBN: 9780134490663
Horngren's Accounting, Student Value Edition Plus MyLab Accounting with Pearson eText -- Access Card Package (12th Edition)
12th Edition
ISBN: 9780134642932
Horngren's Accounting Plus Mylab Accounting With Pearson Etext -- Access Card Package (12th Edition)
12th Edition
ISBN: 9780134674681
Horngren's Accounting - Acc122: Accounting Principles 1- Third Custom Edition For Borough Of Manhattan Community College
1st Edition
ISBN: 9781323410530
Horngren S Accounting, The Financial Chapters, Student Value Edition
12th Edition
ISBN: 9780134490502
Horngren's Accounting, The Financial Chapters (12th Edition)
12th Edition
ISBN: 9780134486789
Horngren's Accounting (12th Edition)
12th Edition
ISBN: 9780134486444
EBK HORNGREN'S ACCOUNTING
12th Edition
ISBN: 9780134487212
Horngren's Accounting: The Managerial Chapters, Student Value Edition Plus Mylab Accounting With Pearson Etext - Access Card Package (12th Edition)
12th Edition
ISBN: 9780134643168
HORNGREN'S ACCOUNTING II -CUSTOM ED
3rd Edition
ISBN: 9781323746844
ACCOUNTING PRINCIPLES V1 6/17 >C<
3rd Edition
ISBN: 9781323761434
MyLab Accounting with Pearson eText -- Access Card -- for Horngren's Accounting, The Financial Chapters
12th Edition
ISBN: 9780134490397
Horngren's Accounting: The Managerial Chapters Plus MyLab Accounting with Pearson eText -- Access Card Package (12th Edition)
12th Edition
ISBN: 9780134675794
MyLab Accounting with Pearson eText -- Access Card -- for Horngren's Accounting
12th Edition
ISBN: 9780134489728
Horngren's Accounting: The Managerial Chapters, Student Value Edition (12th Edition)
12th Edition
ISBN: 9780134491509
EBK HORNGREN'S ACCOUNTING
12th Edition
ISBN: 8220103677684
EBK HORNGREN'S ACCOUNTING
12th Edition
ISBN: 9780134491523
Horngren's Accounting, The Financial Chapters, Student Value Edition Plus MyLab Accounting with Pearson eText - Access Card Package (12th Edition)
12th Edition
ISBN: 9780134642949
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