FinMan10e_ABSol_ch11

FinMan10e_ABSol_ch11 - 4. $200,000 5. $50,000 6. decrease...

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ACHIEVEMENT TEST SOLUTIONS—CHAPTER 11 TEST 11A Fill-in-the-Blank Principles and Terminology 1. no effect 2. decrease 3. no effect 4. increase 5. increase 6. 70,000 7. expense 8. $100,000 9. $0 10. premium 11. deficit 12. decrease 13. declaration 14. $180,000 15. no effect 16. no effect 17. increase 18. decrease 19. no effect 20. decrease 21. decrease 22. decrease 23. limited Problem 1 Classification of Accounts Item Balance 1. expense debit 2. stockholders’ equity credit 3. stockholders’ equity credit 4. stockholders’ equity debit 5. stockholders’ equity credit 6. asset debit Problem 2 Analysis of Transactions Debit Credit 1. E 2. H, I 3. K 4. G, L 5. L 6. D 7. A 8. F, M 9. M 10. A 11. B 12. C TEST 11B Fill-in-the-Blank Principles and Terminology 1. premium 2. treasury stock 3. $500,000
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Unformatted text preview: 4. $200,000 5. $50,000 6. decrease 7. no effect 8. decrease 9. $0 10. $400,000 11. balance sheet 12. balance sheet 13. balance sheet 14. balance sheet 15. increase 16. decrease 17. no effect 18. sufficient cash 19. balance sheet 20. limited 21. deficit 22. no effect 23. date of record Problem 1 Classification of Accounts Item Balance 1. stockholders equity debit 2. stockholders equity credit 3. stockholders equity credit 4. stockholders equity debit 5. expense debit 6. stockholders equity credit Problem 2 Analysis of Transactions Debit Credit 1. B 2. C 3. C 4. A 5. M 6. A 7. A 8. F, M 9. K 10. L, G 11. E 12. D, G...
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