Mgmt_200_Spring_2008_solutions_2-6-08(2,6)

Mgmt_200_Spring_2008_solutions_2-6-08(2,6) - Management 200...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Management 200 – Introductory Financial Accounting– Spring 2008 Krannert School of Management - Purdue University Solutions to class assignment for February 6, 2008 E4-2. 1. The following deferred revenues and deferred expenses may need to be adjusted at the end of the recent fiscal year: Balance sheet account Related income statement account Inventory Cost of products Other current assets (may include supplies and prepaid expenses such as insurance) Various expense accounts (e.g., supplies expense, insurance expense, rent expense) Property, plant, and equipment and Accumulated depreciation Depreciation expense Intangible assets (depending on type) Amortization expense Deferred revenue Product revenue or service revenue 2. The following accounts should be reviewed and may need to be adjusted to accrue revenues and expenses at the end of the recent fiscal year: Balance sheet account Related income statement account Other current assets (Interest receivable on the short-term investments)
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 11/22/2009 for the course MGMT 200 taught by Professor Greigg during the Spring '08 term at Purdue.

Page1 / 3

Mgmt_200_Spring_2008_solutions_2-6-08(2,6) - Management 200...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online