Reference no: EM131979421
Financial Accounting Practice Test -
1. Using the information below prepare a classified balance sheet, income statement, and statement of retained earnings for Alpha Company as of December 31, 2013:
Cash $30,000 debit
Accounts Receivable $12,000 debit
Accounts Payable $16,000 credit
Common Stock $2par, 8,000 shares issued $16,000 credit
Additional Paid in Capital $ 8,000 credit
Equipment $24,000 debit
Accumulated Depreciation $12,000 credit
Retained Earnings $ 9,400 credit*
Sales $28,000 credit
Supplies Expense $ 2,200 debit
Rent Expense $14,800 debit
Dividends $ 4,000 debit
Depreciation Expense $ 2,400 debit
*Hint = Beginning balance
2. Based on the financial statements you prepared compute (show computations):
1. Current ratio
2. Earnings per share
3. Price earnings ratio
4. Return on equity
5. Net income ratio
|
Design and build one system that can support more
: Consultant Company received a contract to design and build ONE system that can support more than 300 different software applications running on 5 different
|
|
Computer security and information assurance
: Discuss the more challenging aspects of computer security and information assurance. It is the fast-paced, ever-changing environment that security professionals
|
|
Compute depletion and depreciation of the mine
: In 2011, 50,000 tons of ore were extracted and sold. Compute depletion and depreciation of the mine and the mining facilities and equipment for 2011 and 2012
|
|
Java program that allows the user to enter packages
: Java program that allows the user to enter packages' names followed by their weights. Use an array of String to store packages' names and an array of double
|
|
Prepare a classified balance sheet and income statement
: Using the information below prepare a classified balance sheet, income statement, and statement of retained earnings for Alpha Company
|
|
Apply the profit for future growth impact the stock price
: By paying out a dividend, a company has that much less to continue its growth. Can the decision to apply the profit for future growth impact the stock price??
|
|
Determine bradley available education tax credit
: Bradley is married, files a joint tax return, claims both children as dependents, Determine Bradley's available education tax credit for 2010
|
|
Implement a web-based system to assist users
: Write the logic and pseudocode to implement a Web-based system to assist users to find and keep updated a bibliographic system
|
|
Provide the journal entries in the accounts of abc
: On 30 June 2014, the directors declared an ordinary dividend of $0.05 per share. Provide the journal entries in the accounts of ABC Limited to record the event
|