Kieso Intermediate Accounting 15th Edition Problem 14-10
Presented below are four independent situations.
(a) On March 1, 2015, Wilke Co. issued at 102 plus accrued interest $4,366,000, 8% bonds. The
bonds are dated January 1, 2015, and pay
Income Statement and Related Information
ASSIGNMENT CLASSIFICATION TABLE (BY TOPIC)
Computation of net
income from balance
sheets and selected
Chap 6: Time Value of Money
In accounting and finance, the phrase time value of money indicates a relationship between time
and money that a dollar received today is worth more than a dollar promised at some time in
the future because of the opportunity t
Chapter 6: Time Value of Money
Developing fair value estimates based on a valuation model
1. Estimating amounts and timing of future cash flows
2. Developing probability estimates for those cash flows
3. Determining the appropriate discount rate to apply
Characteristics of accounting:
1. The identification, measurement, and communication of financial information about
economic entities to interested parties.
Financial = prepare financial reports.
Users of financial reports: investors, creditors
Chapter 13: Current Liabilities and Contingencies
Liabilities probable future sacrifices of economic benefits arising from present obligations of a
particular entity to transfer assets or provide services to other entities in the future as a result of
Chap 2: Conceptual framework
Conceptual framework: establishes concepts that underlie financial reporting. Coherent system
of concepts that flow from an objective.
Why do we need a conceptual framework?
To be useful, rule-making should build on and relate
1. The future value of $100,000 at 4% for 8 years.
a. Future Value of 1 table
b. Formula: (1+i)^n
c. Excel FV
Rate=.04, Nper=8, PV=-100,000
N=8, I%=4, PV=-100000
The balance sheet, statement of financial position, reports assets, liabilities, and stockholders
equity of a business at a specific date.
Provides basis for computing rates of return and evaluating the capital structure of the business.
Chap 3: The accounting information system
The accounting information system collects and processes transaction data and then
disseminates the financial information to interested parties.
Financial accounting rests on a set of concepts for identifying, rec
Chapter 4: Income Statement and Related Information
The income statement is the report that measures the success of company operations for a given
period of time. The business and investment community uses it to determine profitability,
Jessica Hamilton Boating
For the month ending January 31, 2014
Less Sales Returns and allowances
Less Sales Discounts
Cost Of Goods Sold
1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
BASIS OF PRESENTATION-The accompanying unaudited financial statements have been prepared
from the records of Jessica Hamilton boating distributors in accordance with accounting principles
generally accepted in
Cagri Yilmaz Company
For the year ended December 31, 2014
Cost of Goods Sold
I have compiled the accompanying statement of financial position of Jessica Hamilton
Corporation as of January 31, 2013, and the related statements of income, statement of changes
of owners equity, and cash flows for the year then ended. We have not audit
Be able to:
Construct and interpret a confidence interval for a population
Develop and analyze a confidence interval for a population mean.
Determine the sample size necessary to achieve a des
Experience Personal Learning. Experience Your Future .
Professors name: George C. Romeo, Ph.D.
Office Location: Bunce 337
Meeting Times & Rooms
ACC 03300 1 Monday/Wednesday 9:25 to 10:40 (Room to be determined)
ACC 03300 3 Monday/Wedn
Income Statent & Related Information
Overview: In Chapter 4 we're going to look at two of the four primary
financial statements - the income statement and the statement of retained
earnings. We will also cover some special reporting issues relat
The Accounting Information System
Overview: In Chapter 3 we are going to review the basics of accounting from
your principle course (the first four chapters), the accounting cycle. It's
very important that you understand the material as we will
Balance Sheet and Statement of Cash Flows
Proctor & Gamble Financial Statements
Overview: In Chapter 5 we are going to get an overview of the two remainin
required financial statemnts (in Chapter 4 we looked at the income statement
Financial Accounting and Accounting Standards
Overview: Chapter 1 ia a broad-based introduction to financial reporting
which is done in accordance with zccounting standards. It also introduces
accounting organizations (and many acronyms) that yo
Intermediate Accounting I
Exercises Chapter 5 Balance Sheet
(Classification of Balance Sheet Accounts)
(LO 2, 3) Presented below are the captions of Faulk Company's balance sheet.
Property, plant, and equipment.