Exercises from Chapter 3
Exercises 3.3, 3.6, & 3.8.
o 1st -
Capital Stock 120,000
Issued stock in exchange for Cash
o Purchased land and building, by
Exercises from Chapter 6
Exercises 6.4, 6.6, & 6.7.
Net Sales $26,000
Cost of Goods Sold = $11,000,000
Beginning Inventory +
$ 6, 450, 000
Cost of Goods Sold =
Cost of goods sold
Exercises from Chapter 4
Exercises 4.2, 4.3, & 4.10.
Revenue Expenses =
Exercises From Chapter 9
Exercises 9.2, 9.4, 9.7, 9.8, 9.9, 9.11, 9.13, & 9.14.
a. Capital expenditure
b. Revenue expenditure
c. Revenue expenditure
d. Capital expenditure
e. Revenue expenditure
f. Capital expenditure
a. (1) Stra
Exercises from Chapter 10
Exercises 10.5, 10.9, 10.10, 10.12, & 10.14.
State Income Tax Payable
Federal Income Tax Payable
Social Security and Medicare Tax Payable
Exercises from Chapter 8
Exercises 8.2, 8.5, 8.7, & 8.13
a. Cost of Goods Sold.137,800
To record the cost of 90 Millenium computers sold to Apex Publishers.
Cost determined by the specific identification method:
62 @ $1,500
Exercises from Chapter 1
Exercises 1.3, 1.4, & 1.7.
A. Financial reporting is the process of disclosing financial status to
management, investors, and government by producing financial
B. The principal accounting reports are the
Exercises for Chapter 5
Exercises 5.3 & 5.11.
WILDERNESS GUIDE SERVICES INC.
For the year ended December 31, 2011
Guide Revenue Earned
Camping Supply Expense
BSA 554: Comprehensive Financial Management
Averett University On-line Syllabus
MBA, BBA, ASB CJ and General Education
Instructors are solely responsible for the syllabus and their assignments and for communicating any changes to the syllabus in writing.
1. Financial Institutions : They offered heavy loans to individuals with low
2. Individuals : Borrowed heavily compared to their capability to meet out
3. Regulatory authorities : They became least stringent and did no
Case-1: FCF and Ratio Construction
Current Ratio = Current Assets / Current Liabilities
= 6,086,000 / 7,078,000
Current Ratio = 0.85984
Quick Ratio = Current Assets Inventories / Current Liabilities
= (6,086,000 2,031,000) / 7,078,000
BSA522, Comprehensive Managerial Accounting
I. True/False Questions (@1).
1. _F_ A primary goal of managerial accounting is to provide information to investment managers who
analyze a companys stock for external investors.
Ethics (L) The propriety of taking some action.
Mission (N) Basic purpose toward which activities are directed.
Controlling (O) comparing the budget with the actual results.
Goal (E) Increase year 2014 sales by 10 percent over year 2013 sal
The following balance sheet items, listed in alphabetical order, are from the records of Singer Company at December 31, 2010:
a. Balance sheet
b. Income statement
c. Balance sheet
d. Income statement
e. Balance sheet
f. Balance sheet
g. Balance sheet
h. Balance sheet
k. Balance sheet