ch05JML - EXERCISE 5-2 (15-20 minutes) 1. 2. 3. 4. 5 6. 7....

Info iconThis preview shows pages 1–4. Sign up to view the full content.

View Full Document Right Arrow Icon
EXERCISE 5-2 (15-20 minutes) 1. H. 11. B. 2. D. 12. F. 3. F. 13. A. 4. F. 14. H. 5 C. 15. C. 6. A. 16. B. 7. F. 17. A. 8. G. 18. A. 9. A. 19. G. 10. A. 20. F. EXERCISE 5-3 (15-20 minutes) 1. A. 11. A. 2. B. 12. F. 3. F. or G. 13. A. or E. (preferably A.) 4. A. 14. C. and N. 5 F. 15. D. or E. (preferably D.) 6. H.* 16. F. 7. I. 17. X. 8. D. 18. F. 9. A. 19. C. 10. F. * H if the par value method is used; otherwise, as a deduction from total stockholders’ equity. EXERCISE 5-4 (30-35 minutes) Denis Savard Inc. Balance Sheet December 31, 20– Assets Current assets Cash $XXX Less cash restricted for plant expansion XXX $XXX 5-1
Background image of page 1

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

View Full DocumentRight Arrow Icon
Accounts receivable XXX Less allowance for doubtful accounts XXX XXX Notes receivable XXX Receivables—officers XXX Inventories Finished goods XXX Work in process XXX Raw materials XXX XXX Total current assets $XXX Long-term investments Preferred stock investments XXX Land held for future plant site XXX Cash restricted for plant expansion XXX Total long-term investments XXX Property, plant, and equipment Buildings XXX Less accum. depreciation— buildings XXX XXX Intangible assets Copyrights XXX Total assets $XXX 5-2
Background image of page 2
EXERCISE 5-4 (Continued) Liabilities and Stockholders’ Equity Current liabilities Accrued salaries payable $XXX Unearned subscriptions XXX Unearned rent XXX Total current liabilities $XXX Long-term debt Bonds payable, due in four years $XXX Discount on bonds payable (XXX ) XXX Total liabilities XXX Stockholders’ equity Capital stock: Common stock $XXX Common stock subscribed XXX XXX Additional paid-in capital: Premium on common stock XXX Total paid-in capital XXX Retained earnings XXX Total paid-in capital and retained earnings XXX Less: Treasury stock, at cost (XXX) Stock subscriptions receivable (XXX ) Total stockholders’ equity XXX
Background image of page 3

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

View Full DocumentRight Arrow Icon
Image of page 4
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 06/09/2011 for the course A 621 taught by Professor Frank during the Spring '10 term at New Hampshire.

Page1 / 9

ch05JML - EXERCISE 5-2 (15-20 minutes) 1. 2. 3. 4. 5 6. 7....

This preview shows document pages 1 - 4. Sign up to view the full document.

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