Monthly Archives: October 2013

Use the following consolidated balance sheet for Intel Corporation annual report A+

Use the following consolidated balance sheet for Intel Corporation annual report. INTEL CORPORATION CONSOLIDATED BALANCE SHEET December 29, 2007 (In Millions, Except Par Value) Assets Current assets: Cash and cash equivalents $ 7,924 Short-term investments 5,508 Trading assets 2,621 Accounts … Continue reading

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Selected balance sheet accounts for Tice Company on September 30, 2010, are as follows A+

Selected balance sheet accounts for Tice Company on September 30, 2010, are as follows: Cash $ 32,000 Marketable securities 58,000 Accounts receivable, net 86,000 Inventory 90,000 Prepaid expenses 14,000 Total current assets $ 280,000 Accounts payable $ 137,200 Other accrued … Continue reading

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The following information is available for Lock-Down Company, which produces special-order security products and uses a job order cost accounting system A+

The following information is available for Lock-Down Company, which produces special-order security products and uses a job order cost accounting system. April 30 May 31 Inventories Raw materials $ 40,000 $ 50,000 Goods in process 9,600 19,500 Finished goods 60,000 … Continue reading

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The titles of documents and accounts used in job order cost accounting are given in dropdown A+

The titles of documents and accounts used in job order cost accounting are given in dropdown. The short descriptions of the purposes of the documents are also given. Match each short description with the document. Short description Title of documents … Continue reading

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The following information is from the materials requisitions and time tickets for Job 9-1005 completed by Wright Boats A+

The following information is from the materials requisitions and time tickets for Job 9-1005 completed by Wright Boats. The requisitions are identified by code numbers starting with the letter Q and the time tickets start with W. At the start … Continue reading

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3. Comparative financial statements for Heritage Antiquing Services for the fiscal year ending December 31 appear on the following page A+

Comparative financial statements for Heritage Antiquing Services for the fiscal year ending December 31 appear on the following page. The company did not issue any new common or preferred stock during the year. A total of 500 thousand shares of … Continue reading

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Selected sales and operating data for three divisions of three different companies are given below A+

Selected sales and operating data for three divisions of three different companies are given below: Division A Division B Division C Sales $ 5,500,000 $ 9,500,000 $ 8,600,000 Average operating assets $ 1,100,000 $ 4,750,000 $ 1,720,000 Net operating income … Continue reading

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2. For each of the following account balances for a manufacturing company, select yes in the appropriate column indicating that it appears on the balance sheet A+

For each of the following account balances for a manufacturing company, select yes in the appropriate column indicating that it appears on the balance sheet, the income statement, the manufacturing statement, and/or a detailed listing of factory overhead costs. Assume … Continue reading

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Given the following selected account balances of Randa Company A+

Given the following selected account balances of Randa Company. Sales $ 1,252,000 Raw materials inventory, Dec. 31, 2010 39,000 Goods in process inventory, Dec. 31, 2010 55,900 Finished goods inventory, Dec. 31, 2010 64,750 Raw materials purchases 177,600 Direct labor … Continue reading

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Current assets for two different companies at calendar year-end 2011 are listed here A+

Current assets for two different companies at calendar year-end 2011 are listed here. One is a manufacturer, Roller Blades Mfg., and the other, Sunny Foods, is a grocery distribution company. Account Company 1 Company 2 Cash $ 9,000 $ 7,000 … Continue reading

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