For notecard
Promotion
1. Total sales (Promotion B4)
2. Total VC ()
3. Subtract the totals to get the total CM. Then subtract incremental costs (advertising).
4. If the answer is negative, dont do the
Recognizing Revenue and Expenses
When is income earned?
Cash versus Accrual Accounting
Cash basis accounting
A.
B.
C.
D.
E.
Measures cash flowvery important to an enterprise.
Recognize revenue when ca
Problem: Statement of Cash Flows, Kelly Company
A two year comparative balance sheet and income statement for Kelly Company follow:
KELLY COMPANY
Balance Sheet
December 31, 2012, and 2011
2012
2011
As
Eden Jones
Harnischfeger Case Analysis
Identify all the accounting policy changes and accounting estimates that
Harnischfeger made during 1984. Estimate, as accurately as possible, the effect
of these
Hilton Manufacturing Company
1. If we divested product 103, it would:
a.
decrease sales by $5,200
-5200
88
1300
946
68
59
20
b. Decrease expenses by:
b.i. $88 for compensation insurance
b.ii. $1300 fo
Kayla R. Green
Harnischfeger Case
1) Identify all the accounting policy changes and the accounting estimates that Harnischfeger
made during 1984. Estimate, as accurately as possible, the effect of the
For notecard
Promotion
1. Total sales (Promotion B4)
2. Total VC ()
3. Subtract the totals to get the total CM. Then subtract incremental costs (advertising).
4. If the answer is negative, dont do the