HW_02_Solutions

HW_02_Solutions - Solutions to Homework 2 Raffaele B. Mari,...

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Solutions to Homework 2 Due October 5, 2010 Raffaele B. Mari, CPA Econ 25 – Econ of Acctg. EXERCISE 2-12 (a) 2 Going concern assumption (b) 6 Economic entity assumption (c) 3 Monetary unit assumption (d) 4 Time period assumption (e) 5 Cost principle (f) 1 Full disclosure principle
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Solutions to Homework 2 Due October 5, 2010 Raffaele B. Mari, CPA Econ 25 – Econ of Acctg. PROBLEM 2-1A YAHOO! INC. Balance Sheet December 31, 2006 Assets Current assets Cash and cash equivalents . .............. $ 1,569,871 Short-term investments . .................... 1,031,528 Accounts receivable . ......................... 930,964 Prepaid expenses and other current assets . ................................. 217,779 Total current assets . ................... $ 3,750,142 Long-term investments . ............................ 2,827,720 Property and equipment, net . ................... 1,101,379 Intangible assets . ....................................... 3,374,379 Other assets . .............................................. 459,988
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This note was uploaded on 12/13/2011 for the course ECON 15A taught by Professor Shirey during the Fall '08 term at UC Irvine.

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HW_02_Solutions - Solutions to Homework 2 Raffaele B. Mari,...

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