REVIEW PROBLEM: DIFFERENTIAL ANALYSIS
Charter Sports Equipment manufactures round, rectangular, and octagonal trampolines. Sales and expense data for
the past month follow:
Management is concerned about the continued losses shown by the round trampolines
1. Comment on the ethics exhibited by Amy and possible consequences of her actions.
It is extremely unethical on the part of Amy to purchase a suit from the merchandising company
and then return it after a week wherein she wears the suit for her event and
An internal control system consists of all policies and procedures used to protect assets, ensure reliable account
1. What is the main objective of internal control procedures, and how is it achieved?
The main objective of internal control procedures
1.Which one of the following would ngt be considered an advantage of the corporate form of organization?
,/a./ Limited liability of stockholders
/lf Separate legal existence
91 Continuous life
2.Which of the following is not true of
\K/ I me. );_.
X ' Quiz Chapter 9 & 1o
N63 \Qeor- 520%
2. Uneamed revenues should be classified as Other Revenues and Gains on the income statement
3. Metropolitan Symphony sells_2_QQseason tickets for $20,000 that includes a veconcert season.
Mos V?! 5&1: 20
Quiz Chapter 2
.A Chart of accounts is /) . '
é) a list of all of the accounts of the organization and their related account numbers.
b. a source document.
c. the same as a trial balance.
d. prepared as the last step in analyzing transac
Company Analysis - Allergan Inc.
A) What products or services does the company provide?
Allergan Inc. is a multi-specialty healthcare company focused on developing and
commercializing innovative pharma