intermediate accounting principles and analysis, nd edition (pdf -最后)

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1、IntermediateAccountingPrinciplesandAnalysis,2ndEdition(PDF1100-最后)Exercises106920082007Increase(LO6)Liabilitiesandstockholders’equityBondspayable$49,000$46,000$3,000Dividendspayable8,0005,0003,000Commonstock,$1par22,00019,0003,000Additionalpaid-incapital9,0003,0006,000R

2、etainedearnings104,00091,00013,000SelectedincomestatementinformationfortheyearendedDecember31,2008Salesrevenue$155,000Depreciation33,000Gainonsaleofequipment14,500Netincome31,000Additionalinformation:1.During2008,equipmentcosting$45,000wassoldforcash.2.Accountsreceivabl

3、erelatetosalesofmerchandise.3.During2008,$20,000ofbondspayablewereissuedinexchangeforproperty,plant,andequipment.Therewasnoamortizationofbonddiscountorpremium.InstructionsDeterminethecategory(operating,investing,orfinancing)andtheamountthatshouldbereportedinthestate-men

4、tofcashflowsforthefollowingitems.1.Paymentsforpurchaseofproperty,plant,andequipment.2.Proceedsfromthesaleofequipment.3.Cashdividendspaid.4.Redemptionofbondspayable.EB-6(SCFTheoryandAnalysisofTransactions)JohnLeeHookerCompanyisayoungandgrowingpro-(LO2,3)ducerofelectronic

5、measuringinstrumentsandtechnicalequipment.YouhavebeenretainedbyHookertoadviseitinthepreparationofastatementofcashflowsusingtheindirectmethod.ForthefiscalyearendedOctober31,2008,youhaveobtainedthefollowinginformationconcerningcertaineventsandtransactionsofHooker.1.Theamo

6、untofreportedearningsforthefiscalyearwas$800,000,whichincludedadeductionforanextraordi-narylossof$110,000(seeitem5below).2.Depreciationexpenseof$315,000wasincludedintheincomestatement.3.Uncollectibleaccountsreceivableof$40,000werewrittenoffagainsttheallowancefordoubtful

7、accounts.Also,$51,000ofbaddebtexpensewasincludedindeterminingincomeforthefiscalyear,andthesameamountwasaddedtotheallowancefordoubtfulaccounts.4.Againof$9,000wasrealizedonthesaleofamachine.Itoriginallycost$75,000,ofwhich$30,000wasundepreciatedonthedateofsale.5.OnApril1,2

8、008,lightningcausedanuninsuredbuildinglossof$110,000($180,000loss,lessreductioninincometaxesof$70,000).Thisext