CHAPTER%205%20-%20Solutions

CHAPTER%205%20-%20Solutions - CHAPTER 5 SOLUTIONS TO HW...

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CHAPTER 5 SOLUTIONS TO HW HW5-1 (15–20 minutes) 1. b. 11. a. 2. a. 12. h. 3. f. 13. a. 4. g. 14. a. 5 f. 15. d. 6. b. 16. f. 7. h. 17. f. 8. a. 18. c. 9. a. 19. g. 10. c. 20. f. HW5-2 (15–20 minutes) 1. f. 10. d. 2. a. or e. (preferably a.) 11. f. or g. 3. f. 12. b. 4. c. 13. a. 5 x. 14. h. 6. f. 15. f. or g. 7. c. and n. 16. f. 8. a. 17. a. 9. i. 18. a.
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HW5-3 (30–35 minutes) DO CORPORATION Balance Sheet December 31, 2010 Assets Current assets Cash. ........................................................ $ 98,500 Trading securities. .................................. 76,500 Accounts receivable. .............................. $217,500 Less: Allowance for doubtful accounts. .............................. (12,500 ) 205,000 Inventories. .............................................. 298,500 Total current assets. ....................... $ 678,500 Long-term investments Investments in bonds. ............................ 149,500 Investments in stocks. ........................... 138,500 Total long-term investments. ........ 288,000 Property, plant, and equipment Land. ........................................................ 130,000 Building. ................................................... 520,000 Less: Accum. depreciation. ............ (76,000 ) 444,000 Equipment. ............................................. 300,000 Less: Accum. depreciation. ............ (30,000 ) 270,000 Total property, plant, and equipment. .................................... 844,000 Intangible assets Franchise (net of $80,000 amortization). .. 80,000 Patent (net of $30,000 amortization). .... 97,500 Total intangible assets. .................... 177,500 Total assets. ..................................... $1,988,000
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HW5-3 (Continued) Liabilities and Stockholders’ Equity
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This note was uploaded on 02/21/2011 for the course ACCT 3410 taught by Professor Vicky during the Spring '11 term at Aarhus Universitet, Aarhus.

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CHAPTER%205%20-%20Solutions - CHAPTER 5 SOLUTIONS TO HW...

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