CHAPTER_5_HOMEWORK_SOLUTIONS

CHAPTER_5_HOMEWORK_SOLUTIONS - CHAPTER5HOMEWORKSOLUTIONS...

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CHAPTER 5 HOMEWORK SOLUTIONS EXERCISE 5-2 (15–20 minutes) 1. h. 1 1. b. 2. d. 1 2. f. 3. f. 1 3. a. 4. f. 1 4. h. 5 c. 1 5. c. 6. a. 1 6. b. 7. f. 1 7. a. 8. g. 1 8. a. 9. a. 1 9. g. 1 0. a. 2 0. f.
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EXERCISE 5-4 (30–35 minutes) GULISTAN INC. Balance Sheet December 31, 2010 Assets Current assets Cash. ........................................................... $XXX Less: Cash restricted for plant expansion. ................................. XXX $XXX 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
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This note was uploaded on 09/20/2011 for the course ACCT 301 taught by Professor Staff during the Spring '11 term at S.F. State.

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CHAPTER_5_HOMEWORK_SOLUTIONS - CHAPTER5HOMEWORKSOLUTIONS...

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