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Financial & Managerial Accounting 13th Edition by Carl Warren , James Reeve,Jonathan Duchac
النسخة 13الرقم المعياري الدولي: 978-1285868776Financial & Managerial Accounting 13th Edition by Carl Warren , James Reeve,Jonathan Duchac
النسخة 13الرقم المعياري الدولي: 978-1285868776 تمرين 1
Types of businesses
The following is a list of well-known companies:
1. Alcoa Inc.
2. Boeing
3. Caterpillar
4. Citigroup Inc.
5. CVS
6. Delta Air Lines
7. eBay Inc.
8. FedEx
9. Ford Motor Company
10. Gap Inc.
11. H R Block
12. Hilton Hospitality, Inc.
13. Procter Gamble
14. SunTrust
15. Wal-Mart Stores, Inc.
a. Indicate whether each of these companies is primarily a service, merchandise, or manufacturing business. If you are unfamiliar with the company, use the Internet to locate the company's home page or use the finance website of Yahoo (finance.yahoo.com).
b. For which of the preceding companies is the accounting equation relevant?
The following is a list of well-known companies:
1. Alcoa Inc.
2. Boeing
3. Caterpillar
4. Citigroup Inc.
5. CVS
6. Delta Air Lines
7. eBay Inc.
8. FedEx
9. Ford Motor Company
10. Gap Inc.
11. H R Block
12. Hilton Hospitality, Inc.
13. Procter Gamble
14. SunTrust
15. Wal-Mart Stores, Inc.
a. Indicate whether each of these companies is primarily a service, merchandise, or manufacturing business. If you are unfamiliar with the company, use the Internet to locate the company's home page or use the finance website of Yahoo (finance.yahoo.com).
b. For which of the preceding companies is the accounting equation relevant?
التوضيح
موثّق
موثّق
PE 1-1A
Under the cost concept, transaction are entered in books of account at the amounts actually involved. This is one of the most important concepts - it prevents arbitrary values being put on transactions, chiefly those resulting in acquisition of assets.
In this question, on April 3, $ 230,000 should the land be recorded in K Repair Service's records.
PE 1-1B
Under the cost concept, transaction are entered in books of account at the amounts actually involved. This is one of the most important concepts - it prevents arbitrary values being put on transactions, chiefly those resulting in acquisition of assets.
In this question, on April 15, $ 437,500 should the land be recorded in K Repair Service's records.
Under the cost concept, transaction are entered in books of account at the amounts actually involved. This is one of the most important concepts - it prevents arbitrary values being put on transactions, chiefly those resulting in acquisition of assets.
In this question, on April 3, $ 230,000 should the land be recorded in K Repair Service's records.
PE 1-1B
Under the cost concept, transaction are entered in books of account at the amounts actually involved. This is one of the most important concepts - it prevents arbitrary values being put on transactions, chiefly those resulting in acquisition of assets.
In this question, on April 15, $ 437,500 should the land be recorded in K Repair Service's records.
Financial & Managerial Accounting 13th Edition by Carl Warren , James Reeve,Jonathan Duchac
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