Problem 23-310. cfw_1'0 minutes]
lcfw_lash collections of credit sales [accounts reoeivablei
From sales in Total 1". Collected June Ju
April . 3 1,000,000 40% $480,000
May . 500,000 30 150,000
June . 1,500.00 0 20 300,000
Wong, Chan and Cheung
Trading, Prot and Loss. and Prot and Loss Apppriation Account for the ar ended 31 Oct 2010
Less: Cost of goods sold
Less: Closing Inventory
B212F Cha ter 14 uestions artial
Textbook: Wild and Kwok (2016), Fundamental Accounting Principles, 2nd Edition,
Problem 14 1A: Computing -b0nd price _& recording issuance
Stow Research issues; bonds dated January 1 22041! that pay i
2- Exam Type questions
Kwok, Kam and Liu were in partnership sharing prots and losses in the ratio 4 : 3 : 1. The following trial
balance has been extracted from the partnership ledger as at 31 October 20x4:
Bank interest received 6,500
Exercise 13-4 [2|] minutes]
. l[Iilfioe supplies used .
Bad debts expense .
. Small tools used .
. Factory utilities .
. Amortization of patents on
factory machine .
Payroll taxes for production
s u pervisor .
. Accident insurapce on
Wong, Chan and Cheung were in partnership sharing prots and losses in the ratio 4 : 3 : 1.
The following trial balance has been extracted from the partnership ledger as at 31 October
Bank interest received 7500
Capital accounts (as
Problem 15-39:. [35 minutes
24,000 + 42,000 - Income taxes paid = 27,000
Solving for Income tax paid = 35,000
Statement of lDash Flows
For Year Ended December 31, 2015
Cash ows from operating activities
PROBLEM 17-1 C
Selected comparative nancial statements of Maxwell Company follow:
Comparative Income Statement
For Years Ended December 31, 2006, 2005, and 2004
2006 2005 2004
Sales $167,200 $125,500 $76,000
Cost of goods sold 71.060 65,26
Exercise 22-? [20 minutes
The scatter diagram and line of estimated cost behavior appear below.
Scatter diagram and line of estimated cost behavior
5M 1000 1500 20M 2500 3000 3500 4000
B212F Cha ter 13 uestions Shares Without Par Value
Textbook: Wild and Kwok (2016), Fundamental Accounting Principles, 2"l Edition,
Revised - Problem 13-1A: Shareholders equity transaction & analysis
Oxygen Co is incorporated at the b
Exercise 16-6 (Indirect Method)
Use the following Statement of Prot or loss about changes in noncash current assets
and current liabilities to prepare only the cash ows from operating activities section
of the Statement of Cash Flows using indirect method
BIIIF Cha ter 13 :1.nsreer Shares Without Par Talus
Revised Problem ldIA: Shareholders' equity transaction 3: analysis
cfw_a To record sale of 113434] ordinary shares for $15,
cfw_b To record issuance of li ordinary shares for Hindi] to the company