Brief Exercise 11-10
In its 2011 annual report, Campbell Soup Company reports beginning-of-the-year total assets of
$6,276 million, end-of-the-year total assets of $6,862 million, total sales of $7,719 million, and net
income of $805 million.
Matt Broderick Company began operations on January 2, 2013. It employs 9 individuals who work 8hour days and are paid hourly. Each employee earns 9 paid vacation days and 7 paid sick days
annually. Vacation days may be taken after January 15
Practice Question 1
Which of the following is not an example of a current liability?
Unearned Service Revenue.
Preferred dividends in arrears.
Practice Question 2
Current liabilities are defined as obligatio
Based on your reading and other sources, do corporations have any responsibilities to society at large? Is
stock price maximization good or bad for society? Discuss why firms should behave ethically. Define
Corporate social responsibility (CSR)
What is the DuPont equation, and how does it capture the nature of expense
control, efficiency of asset management, and financial leverage (or debt) of a firm?
If you were the CFO of your firm (or a hypothetical firm), what variable would
Find a web article related to time value of money. Post a link to the article and respond to the article,
discussing why you find it especially interesting. Also, and critically, how would you improve the analysis?
People often overlook the time value of
EXAM CH 17-19
Brief Exercise 120
On April 1, 2014, West Company purchased $422,000 of 6.75% bonds for $438,630 plus accrued
interest as an available-for-sale security. Interest is paid on July 1 and January 1 and the bonds mature
on July 1, 2019.
EXAM 3 (CH23)
Multiple Choice Question 21
An objective of the statement of cash flows is to
None of these answers are correct.
disclose changes during the period in all asset and all equity accounts.
disclose the change in working capital during the perio
EXAM CH 20-22
Brief Exercise 109
Presented below is information related to Jones Department Stores, Inc. pension plan for 2015.
Accumulated benefit obligation (at year-end)
Funding contribution for 2015
Settlement rate used in actuarial compu