《会计学：教程与案例》财务会计答案solution-to-accounting-text-and-cases-financial-accouting

《《会计学：教程与案例》财务会计答案solution-to-accounting-text-and-cases-financial-accouting》由会员上传分享，免费在线阅读，更多相关内容在教育资源-天天文库。

1、CHAPTER03-BASICACCOUNTINGCONCEPTS:THEINCOMESTATEMENTCHAPTER1THENATUREANDPURPOSEOFACCOUNTINGChangesfromTwelfthEditionThechapterhasbeenupdated.ApproachOnthefirstday,theusualobjectiveistocreateinterestinthesubject,tosetthescene,andtogiveanoverviewofthecourse.Thefirstpartoft

2、hechapterdoesthis.Thesecondpartofthechaptergivesafairlyspecificintroductiontothenatureoffinancialaccounting.Instructorsprobablymaywanttobringinmaterialfromtheirownreadingorexperiencetomaketheintroductorypoints.CasesThecasesareintendedtogetthestudenttostartthinkinglikeacc

3、ountantsandusersofaccountinginformation,withoutknowledgeofanyofthetechniques.Ribbonsan’Bowsgivesstudentsanopportunitytoconstructasimplesetoffinancialstatements.KimFullercanbeusedasaspringboardforanytypeofdiscussion:usesofinformationbyvariousparties,thecostofrecordkeepin

4、g,oreventhedevelopmentofacompleteaccountingsystem.BaronCoburgillustratespracticallyallofthebasicaccountingconcepts,withoutnamingthem.Itisadifficultcase,butenlightening,evenforthosewithsomeprioraccountingtraining.ProblemsProblem1-1CHARLESCOMPANYBALANCESHEETASOFDECEMBER31,

5、----.AssetsLiabilitiesandOwners’EquityCash$12,000Bankloan$40,000Inventory95,000Owners’EquityOtherassets13,000Owners’equity80,000Totalassets$120,000Totalliabilitiesandowners’equity$120,000Thisproblemcanbeusedtoexplaincertainaccountingpresentationconventions.Forexample,the

6、useofdoublelinestounderscoreatotal,thepositionofthedollarsignatthetopofacolumnofnumbers,andthedatingofthebalancesheet.Thepurposeofthisproblemistoillustratetheequalityofthebasicaccountingequation:assetsequalliabilitiesplusowners’equity.3-47CHAPTER03-BASICACCOUNTINGCONCEPT

7、S:THEINCOMESTATEMENTProblem1-2Themissingnumbersare:Year1Noncurrentassets$410,976Noncurrentliabilities240,518Year2Currentassets$90,442Totalassets288,456Noncurrentliabilities78,585Year3Totalassets$247,135Currentliabilities15,583Totalliabilitiesandowners’equity247,135Year4C

8、urrentassets$69,090Currentliabilities17,539ThebasicaccountingequationisAssets=Liabilities+Owners’equity