1. True or false? Charity care is reported in the notes
for not-for-profit health care organizations,...
1. True or false? Charity care is reported in the notes
for not-for-profit health care organizations, but revenues and
expenses are not recorded in the operating statement.
2. True or false? Because auditors assess the internal
controls of the organization, audited financial statements signify
that fraud within the organization is not a concern.
3. Match the following types of ratios with their
definitions.
Profitability
Liquidity
Solvency
Common size
Efficiency
1.
compares numbers on the balance sheet to total assets and...
Carla Co. reported $ 144,400 of net income for 2017. The
accountant, in preparing the statement...
Carla Co. reported $ 144,400 of net income for 2017. The
accountant, in preparing the statement of cash flows, noted the
following items occurring during 2017 that might affect cash flows
from operating activities.
1.
Carla purchased 100 shares of treasury stock at a cost of $ 20
per share. These shares were then resold at $ 25 per share.
2.
Carla sold 100 shares of IBM common at $ 180 per share. The
acquisition cost of these shares was...
1. LiveWire manufactures inventory which, on average, takes 15
months to sell. On the balance sheet,...
1. LiveWire manufactures inventory which, on average, takes 15
months to sell. On the balance sheet, this inventory should be
classified as a:
A. non-current liability.
B. current asset.
C. current liability.
D. non-current asset.
2. “December 31, 2021” is most likely to be a heading on which
financial statement?
A. Statement of cash flows
B. Income statement
C. Statement of stockholders' equity
D. Balance sheet
3. Overton, Corp. reports the following account balances:
Accounts receivable $12,300
Buildings $31,900
Cash...
Can someone build a statement of retained earnings from
2013 to 2015 using the following trail...
Can someone build a statement of retained earnings from
2013 to 2015 using the following trail balances?
Checks figures:
Check Figures:
2015 Shareholders' Equity
$ 21,171,325
2014 Shareholders' Equity
$ 27,859,935
2013 Shareholders' Equity
$ 22,624,851
Chester, Inc.
Trial Balances for
years ending December 31, 2013, 2014 and 2015
Account Description
2,013
2014
2015
Accounts Payable
(8,934,591)
(19,488,866)
(12,850,648)
Accounts Receivable
20,513,628
56,472,091
49,042,528
Accum. Depreciation
(205,000)
(786,102)
(1,403,257)
Administrative Wages Expense
21,094,132
...
Directions: Ratio Calculation, use formulas to calculate the
following financial indicators for each year of data:...
Directions: Ratio Calculation, use formulas to calculate the
following financial indicators for each year of data:
o Current ratio
o Debt/equity ratio
o Free cash flow
o Earnings per share
o Price/earnings ratio
o Return on equity
o Net profit margin
o Describe how and why each of the ratios has changed over the
three-year period. For example, did the current ratio increase or
decrease? Why? Describe how three of the ratios you calculated for
your company compare to the...
What role could the governance of ethics have played
if it had been in existence in...
What role could the governance of ethics have played
if it had been in existence in the organization? Assess the
leadership of Enron from an ethical perspective.
THE FALL OF ENRON: A STAKEHOLDER FAILURE
Once upon a time, there was a gleaming headquarters
office tower in Houston, with a giant tilted "£"' in front, slowly
revolving in the Texas sun. The Enron Corporation, which once
ranked among the top Fortune 500 companies, collapsed in 2001 under
a mountain of debt...
Discuss ethical issues that can be identified in this
case and the mode of managing ethics...
Discuss ethical issues that can be identified in this
case and the mode of managing ethics Enron finds itself in this
case. How would you describe the ethical culture and levels of
trust at Enron? Provide reasons for your assessment.
THE FALL OF ENRON: A STAKEHOLDER FAILURE
Once upon a time, there was a gleaming headquarters
office tower in Houston, with a giant tilted "£"' in front, slowly
revolving in the Texas sun. The Enron Corporation, which once
ranked among...