资源描述：
《financial-accounting-习题答案文档》由会员上传分享，免费在线阅读，更多相关内容在应用文档-天天文库。
1、Chapter.11-1Asinmanyethicsissues,thereisnoonerightanswer.Thelocalnewspaperreportedonthisissueintheseterms:"Thecompanycoveredupthefirstreport,andthelocalnewspaperuncoveredthecompany'ssecret.Thecompanywasforcedtonotlocatehere(CollierCounty).Itbecamepatentlyclearthatdoingtheleastthat
2、islegallyallowedisnotenough."1-21.B2.B3.E4.F5.B6.F7.X8.E9.X10.B1-3a.$96,500($25,000+$71,500)b.$67,750($82,750–$15,000)c.$19,500($37,000–$17,500)1-4a.$275,000($475,000–$200,000)b.$310,000($275,000+$75,000–$40,000)c.$233,000($275,000–$15,000–$27,000)d.$465,000($275,000+$125,000+$65,
3、000)e.Netincome:$45,000($425,000–$105,000–$275,000)1-5a.owner'sequityb.liabilityc.assetd.assete.owner'sequityf.asset1-6a.Increasesassetsandincreasesowner’sequity.b.Increasesassetsandincreasesowner’sequity.c.Decreasesassetsanddecreasesowner’sequity.d.Increasesassetsandincreasesliab
4、ilities.e.Increasesassetsanddecreasesassets.1-71.increase2.decrease3.increase4.decrease1-8a.(1)Saleofcateringservicesforcash,$25,000.(2)Purchaseoflandforcash,$10,000.(3)Paymentofexpenses,$16,000.(4)Purchaseofsuppliesonaccount,$800.(5)Withdrawalofcashbyowner,$2,000.(6)Paymentofcash
5、tocreditors,$10,600.(7)Recognitionofcostofsuppliesused,$1,400.b.$13,600($18,000–$4,400)c.$5,600($64,100–$58,500)d.$7,600($25,000–$16,000–$1,400)e.$5,600($7,600–$2,000)1-9Itwouldbeincorrecttosaythatthebusinesshadincurredanetlossof$21,750.Theexcessofthewithdrawalsoverthenetincomefor
6、theperiodisadecreaseintheamountofowner’sequityinthebusiness.1-10Balancesheetitems:1,3,4,8,9,101-11Incomestatementitems:2,5,6,71-12MADRASCOMPANYStatementofOwner’sEquityFortheMonthEndedApril30,2006LeoPerkins,capital,April1,2006$297,200Netincomeforthemonth$73,000Lesswithdrawals12,000
7、Increaseinowner’sequity61,000LeoPerkins,capital,April30,2006$358,2001-13HERCULESSERVICESIncomeStatementFortheMonthEndedNovember30,2006Feesearned$232,120Operatingexpenses:Wagesexpense$100,100Rentexpense35,000Suppliesexpense4,550Miscellaneousexpense3,150Totaloperatingexpenses142,800
8、Netincome$89,3201-14Balancesheet:
