ACC 280 WEEK 4 INDIVIDUAL ASSIGNMENT - ASSIGNMENTS FROM THE READING

ACC 280 WEEK 4 INDIVIDUAL ASSIGNMENT - ASSIGNMENTS FROM THE READING

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
Week 4 Individual Assignments Assignments from the Readings Prepare written answers to the following assignments from Chapter 4 of the text, Financial Accounting 6th ed: a. Exercise E4-2 b. Exercise E4-3 c. Exercise E4-4
Background image of page 1

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

View Full DocumentRight Arrow Icon
E4-2 a. Changes in a corporation’s stockholders’ equity for a fiscal period Statement of stockholders’ equity b. The dollar amount of resources available at a particular date Balance sheet c. The amount of credit sales not yet collected Balance sheet d. Accrual-based operating results for a fiscal period Income statement e. The cost of resources consumed in producing revenues for a period Income statement f. The sources of finances used to acquire resources Balance sheet g. The effect of issuing stock on the amount of
Background image of page 2
Background image of page 3
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: contributed capital during a period Statement of stockholders equity h. The amount of profit earned during a period Income statement i. Revenues generated during a fiscal period Income statement E4-3 1. I 9. I and SE 2. SE 10. I, B, and SE 3. N 11. I 4. B 12. B and SE 5. B 13. I 6. B and SE 14. SE 7. SE 15. SE 8. I E4-4 Valentine Company Income Statement For the Month of September 2007 Sales revenue $ 48,500 Cost of goods sold 30,070 Gross profit $ 18,430 Operating expenses: Advertising 3,133 Depreciation expense 282 Insurance 670 Utilities 1,250 Wages expense 11,369 Operating income $ 1,726 Interest expense 240 Pretax income $ 1,486 Income tax expense 519 Net income $ 967...
View Full Document

This note was uploaded on 11/21/2011 for the course ACC 280 280 taught by Professor Lindaking during the Spring '10 term at University of Phoenix.

Page1 / 3

ACC 280 WEEK 4 INDIVIDUAL ASSIGNMENT - ASSIGNMENTS FROM THE READING

This preview shows document pages 1 - 3. Sign up to view the full document.

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