Check Figures for Chapter 5

Check Figures for Chapter 5 - Multiple Choice _D._1. _D._5....

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Multiple Choice _D.__1. _D.__5. _C.__2. _D.__6. _A.__3. _B.__7. _D.__4. _C.__8. E5-1A $324,000 E5-2A Recorded values 1. Land $ 480,000 2. Off bldg $ 320,000 3. Warehouse $ 160,000 E5-3A Rev. expend. Cap. expend. Neither 1. X 2. X 3. X 4. X 5. X 6. X 7. X 8. X 9. X 10. X E5-4A Rev. expend Cap. Expend. 1. X 2. X 3. X Part B: 1. $8,000 2. $12,000 3. $4,500 E5-5A Part A: 12/31/06: SL Activity DDB 1. Deprec. Exp. $ 9,000 $ 6,750 $ 20,000 2. Accum dep $(9,000) $(6,750) $(20,000) 3. Deprec. exp. $ 9,000 $ 9,900 $ 12,000 4. Accum dep $(18,000) $(16,650) $(32,000) Part B: higher amt SL DDB 1. Net income X 2. Income tax expense X 3. Retained earnings X 4. Total assets X E5-6A 1. $ 1.50 per barrel 2. $420,000 3. $525,000 E5-7A _ G. _1. Depreciation expense _ B. _4. Patents _ B. _2. Equipment _ G. _5. R&D costs _ B. _3. Accumulated depreciation _ B. _6. Goodwill
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E5-8A Part B: IS SOCF BS 1. $11, 400 2. $1,400 3. $2,000 E5-9A 1. Overstated Understated Correctly stated Net income X Total assets X 2. Overstated Understated Correctly stated Net income X Total assets X 3. Overstated Understated Correctly stated Net income X Total assets X 4. Overstated Understated Correctly stated Net income X Total assets X 5. Overstated Understated Correctly stated Net income X Total assets X
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Check Figures for Chapter 5 - Multiple Choice _D._1. _D._5....

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