Intermediate Accounting I2ndmtsolution section1

Intermediate Accounting I2ndmtsolution section1 - 10. A...

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Intermediate Accounting I: Section 1: solutions 2 nd MT, Nov10 1. A 3,600,000/6,000,000 x (8400,000 – 6,000,000 = 1440,000. 2. B 8,400,000 – 5,600,000 = 2,800,000. 3. B (300,000 /750,000) x 250,000 = 100,000 [(270,000/900,000) x 300,000] + 100,000 = 190,000 4. B [(1,440,000 – 980,000)/ 1,440,000] x840,000 = 252,000 5. B 5,600,000 – (2,560,000 + 3,280,000) = - 240,000 6. D 7. C 8. D 135,000/1.10 = 127,727; 127,727 – (126,000 /1.05) = 2727; 126,000/1.05 + 120,000; 120,000 – 65,000 = 56,000 65,000 + (55,000 x 1.05) + 2727 x 1.10) = 125,750. 9. C (1,600,000 = 10,000) and (85,000-27,000 + 10,000 =72,000
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Unformatted text preview: 10. A Available (purchases) 6500 units; Sales = 5,200 units EI = 6500-5200 = 1300. (800 x 3.20) + 500 x 3.10) + 4,110 11. C (200 x 3.20) + 400 (3.10) + 400 (3.40) + 300x3.50) = 4290. 12. C 143,360/1.12 = 128,000 100,000 = 28,000 100,000 + (28,000 x 1.12) = 137, 360 13. B 100,000 + 600,000 131,360 = 568,640 COGS 1,000,000 568,640 = 431,360 14. A 15. D (6,500,000 X .08) 12,000 = 508,000 16. B (540,000) + 90,000 40,000) = 590,000 17. B 39,140 + 5,000 5,200 =38,940 18. C 50,000 46,000 = 4,000 19. C 1,000,000 (1,000,000 X (.04/.08) = 880,000 20. A...
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Intermediate Accounting I2ndmtsolution section1 - 10. A...

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