TEST BANK for Financial Accounting, 11th Edition By Robert, Patricia, Frank, All Chapters 1 to 13 GRADED A+ Complete PDF

TEST BANK
Financial Accounting, 11th Edition
By Robert, Patricia, Frank, All Chapters 1-13

, TABLE OF CONTENTS g g




CHAPTER 1: Financial Statements and Business Decisions
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Focus Company: Le-Nature’s Inc.
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CHAPTER 2: Investing and Financing Decisions and the Accounting System
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Focus Company: Chipotle Mexican Grill
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CHAPTER 3: Operating Decisions and the Accounting System
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Focus Company: Chipotle Mexican Grill
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CHAPTER 4: Adjustments, Financial Statements, and the Closing Process
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Focus Company: Chipotle Mexican Grill
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CHAPTER 5: Communicating and Analyzing Accounting Information
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Focus Company: Apple Inc.
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CHAPTER 6: Reporting and Interpreting Sales Revenue, Receivables, and Cash
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Focus Company: Skechers U.S.A.
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CHAPTER 7: Reporting and Interpreting Cost of Goods Sold and Inventory
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Focus Company: Harley-Davidson, Inc.
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CHAPTER 8: Reporting and Interpreting Property, Plant, and Equipment; Intangibles; and Natural R
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esources
Focus Company: FedEx Corporation
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CHAPTER 9: Reporting and Interpreting Liabilities
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Focus Company: Starbucks
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CHAPTER 10: Reporting and Interpreting Bond Securities
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Focus Company: Amazon
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CHAPTER 11: Reporting and Interpreting Stockholders’ Equity
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Focus Company: Microsoft
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CHAPTER 12: Statement of Cash Flows
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Focus Company: National Beverage Corporation
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CHAPTER 13: Analyzing Financial Statements
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Focus Company: The Home Depot
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, CHAPTER 1: Financial Statements and Business Decisions
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Focus Company: Le-Nature’s Inc.
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Answers are at the end of each Chapter
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Chapter 1 g




Student name:
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1) Determinegthegmissinggamountsgforgeachgindependentgcasegbelow.gAssumegthegam
ountsgshowngaregatgthegendgofgthegcompany'sgfirstgyeargofgoperation.
Companyg TotalgRev TotalgA TotalgExp TotalgLiabilitie NetgIncomeg(L Stockholdersg'gEq
Name enue ssets enses s oss) uity

Randolph $ $ $ $
g600,00 g450,00 g350,00 g130,000

0 0 0
Newman $ $ $ $g75,000
g105,00 g80,000 g10,000

0
Wiseman $ $ $(30,000 $g100,000
g190,00 g70,000 )
0
Martin $ $ $ $
g180,00 g215,00 115,00
g g75,000

0 0 0
VanTasse $ $ $ $g79,000
l 55,000 75,000 19,000

, QuestiongDetails
AACSBg:gKnowledgegApplicatio
ngAICPAg:gBBgCriticalgThinkingg
AICPAg:gFNgMeasurementgBloo
m'sg:gApply
Difficultyg:g2gMedium
LearninggObjectiveg:g01-
01gRecognizegtheginformationgconveyedgingeachgofgthegfourgbasicgfinancialgstagTopicg:gDistinguishg
differentgfinancialgstatements
Typeg:gStatic
Accessibilityg:gKeyboardgNavigationgAccessi
bilityg:gScreengReadergCompatiblegGradableg
:gmanual




2) Frank’sgFlowergCompany,gagsmallgretailgstoregthatgsellsgflowers,gstartedgbusiness
gongJanuaryg1,g2022.gAtgthegendgofgJanuaryg2022,gthegfollowingginformationgwasgavai


lable:
Salesgofgflowersgforgcash $g150,000
Salesgofgflowersgforgcreditg(notgyetgcollected) 30,000
CostgofgflowersgwhichgweregsoldgandgpaidgforgduringgJanuary 90,000
ExpensesgduringgJanuarygincurred,gandgpaidgfor,gduringgJanuarygunlessgotherwisegnoted:
Salaries $g10,000
Telephone 500
Officegsuppliesg(allgused) 300
Electricity 600
RentgongthegstoregforgJanuary,g2022g(willgnotgbegpaidguntil 2,000
February,g2022)
Required:A.Usinggthegaboveginformation,gpreparegthegincomegstatementgforgFrank’sgFlower
gCompanygforgthegmonthgendedgJanuaryg31,g2022.


B.Whatgisgthegamountgofgcashgflowsgprovidedgbygoperatinggactivitiesgtogbegpresentedgongtheg
statementgofgcashgflows?