SM_Ch.01_final_11th

SM_Ch.01_final_11th - CHAPTER 1 EXERCISES Ex. 11 1. service...

Info iconThis preview shows pages 1–5. Sign up to view the full content.

View Full Document Right Arrow Icon

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

View Full DocumentRight Arrow Icon

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

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

Unformatted text preview: CHAPTER 1 EXERCISES Ex. 11 1. service 2. service 3. merchandise 4. manufacturing 5. service 6. manufacturing 7. service 8. manufacturing 9. manufacturing 10. service 11. merchandise 12. service 13. merchandise 14. manufacturing 15. manufacturing Ex. 15 eBay $13,494 $2,589 = $10,905 Google $18,473 $1,433 = $17,040 1 Ex. 16 a. $1,030,000 ($250,000 + $780,000) b. $85,500 ($125,000 $39,500) c. $52,500 ($60,000 $7,500) Ex. 19 a. Increases assets and increases owners equity. b. Increases assets and increases owners equity. c. Decreases assets and decreases owners equity. d. Increases assets and decreases assets. e. Increases assets and increases liabilities. 2 Ex. 112 1. c 2. e 3. e 4. c 5. a 6. c 7. d 8. a 9. e 10. e 3 Ex. 126 a. 2007: $27,233 ($52,263 $25,030) 2006: $17,496 ($44,405 $26,909) b. 2007: 1.09 ($27,233 $25,030) 2006: 0.65 ($17,496 $26,909) c. The ratio of liabilities to stockholders equity increased from 2006 to 2007, in- dicating an increase in risk for creditors. However, the assets of The Home Depot are more than sufficient to satisfy creditor claims....
View Full Document

This note was uploaded on 08/11/2010 for the course ACCT 1A taught by Professor Seyedin during the Spring '10 term at Foothill College.

Page1 / 7

SM_Ch.01_final_11th - CHAPTER 1 EXERCISES Ex. 11 1. service...

This preview shows document pages 1 - 5. Sign up to view the full document.

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