Principles of Financial Accounting.
24th Edition
ISBN: 9781260158601
Author: Wild
Publisher: MCG
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Chapter 8, Problem 11DQ
To determine
To identify the net income of Company G for the year ended on December 31, 2017. To identify if the net earnings equal to the change in cash and cash equivalents.
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F. Based on Baker’s account balances, the amount of Net Income that would be shown on Baker’s Income Statement for December 2017 would be:
III. Direction: The following comparative financial statements are provided by Zeus Company. Using
Horizontal and Vertical approach, calculate the missing and write your answer on the blank. Show
supporting solutions in a separate sheet of paper. Answer the questions at the bottom of this activity.
ZEUS COMPANY
COMPARATIVE STATEMENT OF FINANCIAL POSITION
December 31, 2019 and 2018
2019
2018
Rate of Inc(Dec)
Assets:
Current assets
P550,000.00
45%
21.98%
Long-term investments
Fixed assets (net)
10%
200,500.00
25%
30%
0.76%
Intangible assets
50,000.00
Total Assets
P1,211,500.00
Liabilities:
Current liabilities
20%
P200,800.00
Long-term liabilities
Total liabilities
100,000.00
200,000.00
P400,800.00
Owner's Equity
P869,200.00
60%
Total liabilities and equity
ZEUS COMPANY
COMPARATIVE INCOME STATEMENT
For the years 2019 and 2018
2019
2018
Rate of Inc(Dec)
Sales
P500,000.00
(0.50%)
Cost of Goods Sold
50%
40%
Gross Profit
P301,500.00
Operating Expenses:
Salaries
P95,000.00
P97,000.00
Rent…
Attached is the financial information for Apple Inc. Please answer questions 1 through 3 please.
1. What is Apple's current ratio in 2022? a. 1.08
b. 1.17
c. 1.29
d. 1.36
2. What is Apple's cash flow ratio in 2021? a. 0.54
b. 0.66
c. 0.77
d. 0.83
3. What are Apple's purchases in 2021? a. $175.19 billion
b. $167.31 billion
c. $170.09 billion
d. $215.5 billion
Chapter 8 Solutions
Principles of Financial Accounting.
Ch. 8 - Prob. 1MCQCh. 8 - Prob. 2MCQCh. 8 - Prob. 3MCQCh. 8 - Prob. 4MCQCh. 8 - Prob. 1DQCh. 8 - Prob. 2DQCh. 8 - Prob. 3DQCh. 8 - Prob. 4DQCh. 8 - Prob. 5DQCh. 8 - Prob. 6DQ
Ch. 8 - Which of the following assetsinventory, building,...Ch. 8 - What is a petty cash receipt? Who should sign it?Ch. 8 - Prob. 9DQCh. 8 - Prob. 10DQCh. 8 - Prob. 11DQCh. 8 - Prob. 12DQCh. 8 - Prob. 13DQCh. 8 - Prob. 1QSCh. 8 - COSO internal control components C1 COSO lists...Ch. 8 - Prob. 3QSCh. 8 - Prob. 4QSCh. 8 - Prob. 5QSCh. 8 - Prob. 6QSCh. 8 - Prob. 7QSCh. 8 - Prob. 8QSCh. 8 - Prob. 9QSCh. 8 - Prob. 10QSCh. 8 - Prob. 11QSCh. 8 - Prob. 1ECh. 8 - Prob. 2ECh. 8 - Prob. 3ECh. 8 - Prob. 4ECh. 8 - Prob. 5ECh. 8 - Prob. 6ECh. 8 - Prob. 7ECh. 8 - Prob. 8ECh. 8 - Prob. 9ECh. 8 - Prob. 10ECh. 8 - Prob. 11ECh. 8 - Prob. 12ECh. 8 - Prob. 13ECh. 8 - Prob. 14ECh. 8 - Prob. 15ECh. 8 - Prob. 16ECh. 8 - Prob. 1APCh. 8 - Prob. 2APCh. 8 - Prob. 3APCh. 8 - Prob. 4APCh. 8 - Prob. 5APCh. 8 - Prob. 1BPCh. 8 - Prob. 2BPCh. 8 - Prob. 3BPCh. 8 - Prob. 4BPCh. 8 - Prob. 8SPCh. 8 - Prob. 1AACh. 8 - Prob. 2AACh. 8 - Prob. 3AACh. 8 - Prob. 1BTNCh. 8 - Prob. 2BTNCh. 8 - Prob. 3BTNCh. 8 - Prob. 4BTNCh. 8 - Review the opening feature of this chapter that...Ch. 8 - Prob. 6BTN
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