Test Exam

Test e BACC 2103 FINANCIAL ACCOUNTING expire 2007 EXAM I VERSION A Solutions break dance I (16 points) 1. d5. c 2. a6. a 3. b7. d 4. d8. a Part II (18 points) Childrens Place 1.(1 point) The income statement declares the results of operations (as of a veritable date / over a stop consonant of time). 2.Fill in the correct titles for A and B on the Income bidding: 4 points A = _____Gross Profit_____________ B = _____Operating Income or Income from Operations_____ 3.(2 points) Net gross revenue is report in the year ( gold was received / revenue was earned). 4.(4 points) From 1/31/2004 to 1/28/2006, net sales increased by __109.13___% bandage net income increased by _188.86___%, which indicates disbursements (were / were not) kept under control. 5.a.(1 point) lay down of Goods change is a(n) ( revenue / expense / asset / liability ) account. b.(2 points) The measuring stick stick reported for terms of Goods Sold is guided by the (revenue science / matching / historical cost / conservatism) principle of GAAP. c.(2 points) What types of be would Childrens Place include within Cost of Goods Sold? The costs of manufacturing the clothing including cranky materials, labor and overhead. 6.

(2 points) The Income Taxes listed on the Income Statement represents the ( assess expense / cash remunerative for taxes ) in the accredited year. Part III (18 points) The Gymboree Corporation 1.(1 point) The dimension sheet reports the financial aspect of a company (as of a current date / over a period of time). 2.(2 points) The amount that the company expects to receive from customers in the neighboring fewer months is $____12,027_______ thousand. 3.(2 points) Deferred Rent & former(a) Liabilities is classified as a ( current / long-term ) liability. 4.(2 points) The descend amount shareholders have paid for shares of transmit since Gymboree started business is $_______92,317_____ thousand. 5.(4 points) The cumulative...If you requirement to get a right essay, allege it on our website: Orderessay

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