Bus 230A Exercises Chpt2

Bus 230A Exercises Chpt2 - SOLUTIONS TO EXERCISES (SET A)...

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SOLUTIONS TO EXERCISES (SET A) E2-1A Use the following to prepare an income statement for Crenshaw Consultants for the year ending December 31, 2010. Crenshaw Consultants, Inc. Income Statement For the year ended December 31, 2010 Service revenues $54,000 Expenses: Rent expense $1,000 Salary expense 6,000 Other operating expenses 24,000 Administrative expenses 8,500 Total expenses: 39,500 Net income $14,500 E2-2A For each of these items, give the financial statement(s) on which it would appear: Cash Statement of Cash Flows Balance Sheet Accounts payable Balance Sheet Revenue Income Statement Cash from investing act. Statement of Cash Flows Land Balance Sheet Common stock Stmt of Chgs in Shareholders' Eq. Balance Sheet Accounts receivable Balance Sheet Balance Sheet Insurance expense Income Statement Operating expenses Income Statement Cash from financing act. Statement of Cash Flows
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Use the following information from the December 28, 2006 balance sheet of Domino's Inc. to prepare the asset section of a classified balance sheet. Domino's Inc Partial Balance Sheet At December 28, 2006 Assets Current Assets (in thousands) $42,726 Accounts receivable 64,571 Inventories 19,480 Other current assets 56,099 Total current assets $182,876
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Bus 230A Exercises Chpt2 - SOLUTIONS TO EXERCISES (SET A)...

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