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AC 501 Unit 2 Homework Assignment NEW

  • AC 501 Unit 2 Homework Assignment NEW
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AC 501 Unit 2 Homework Assignment NEW

E4-4

INSTRUCTIONS

Prepare a classified balance sheet in good form (No monetary amounts are necessary)

E4-9

INSTRUCTIONS

Restate the current assets and liabilities sections of the balance sheet in accordance with good accounting practice. (Assume that both accounts receivable and accounts payable are recorded gross.)

Determine the net effect of your adjustments on Allessandro Scarlatti Company's retained earning balance.

E5-6

INSTRUCTIONS

Prepare a multiple-step income statement

Prepare a single-step income statement

E5-11

INSTRUCTIONS

Compute earnings per share data as it should appear on the income statement of Tkachuk Corporation.

E6-3

INSTRUCTIONS

Classify each of the transactions above as:

1)        Operating activity

2)        Operating activity 

3)        Investing activity

4)        Financing activity

5)        Not reported as cash flow

E6-9

INSTRUCTIONS

Prepare a statement of cash flows for 2008 for Zubin Mehta Corporation

Determine Zubin Mehta Corporation's free cash flow.

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