This is completed downloadable of Solution Manual for Financial Accounting 12th Edition by Warren
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Table of Content:
- 1 The Financial Statements
- Learning Objectives
- Explain Why Accounting Is Critical to Businesses
- Describe the Decision Makers Who Use Accounting
- Describe the Two Types of Accounting and Who Uses Each Type
- Explain How Businesses Are Organized
- Proprietorship
- Partnership
- Limited-Liability Company
- Corporation
- Explain and Apply Underlying Accounting Concepts, Assumptions, and Principles
- The Entity Assumption
- The Continuity (Going-Concern) Assumption
- The Historical Cost Principle
- The Stable-Monetary-Unit Assumption
- Apply the Accounting Equation to Business Organizations
- Assets and Liabilities
- Equity
- Construct Financial Statements and Analyze the Relationships Among Them
- The Income Statement
- Revenues
- Expenses
- The Statement of Retained Earnings
- The Balance Sheet
- Assets
- Liabilities
- Equity (Stockholders’ Equity)
- Evaluate Business Decisions Ethically
- American Institute of Certified Public Accountants Code of Professional Conduct
- End-of-Chapter Summary Problem
- Requirements
- Answers
- Requirement 1
- Requirement 2
- Review The Financial Statements
- Accounting Vocabulary
- Quick Check
- Assess Your Progress
- Ethics Check
- Short Exercises
- Exercises MyLab Accounting
- Group A
- Requirements
- Requirements
- Requirement
- Requirements
- Requirement
- Requirement
- Requirement
- Group B
- Requirements
- Requirements
- Requirement
- Requirements
- Requirement
- Requirement
- Requirement
- Quiz
- Problems MyLab Accounting
- Group A
- Requirements
- Requirements
- Requirements
- Requirements
- Requirement
- Group B
- Requirements
- Requirements
- Requirements
- Requirements
- Requirement
- Decision Cases
- Requirement
- Requirements
- Ethical Issues
- Requirements
- Focus on Financials Apple Inc.
- Focus on Analysis Under Armour, Inc.
- Group Projects
- Requirements
- Requirements
- Quick Check Answers
- Try It Solutions
- Page 12
- 2 Transaction Analysis
- Learning Objectives
- Recognize a Business Transaction and the Various Types of Accounts in Which It Can Be Recorded
- Assets
- Cash
- Accounts Receivable
- Notes Receivable
- Inventory
- Prepaid Expenses
- Film and Television Costs
- Investments
- Parks, Resorts, and Other Property
- Liabilities
- Accounts Payable
- Notes Payable (borrowings)
- Accrued Liabilities
- Stockholders’ Equity
- Common Stock
- Retained Earnings
- Dividends
- Revenues
- Expenses
- Analyze the Impact of Business Transactions on the Accounting Equation
- Example: Alladin Travel, Inc.
- Transaction 1
- Transaction 2
- Transaction 3
- Transaction 4
- Transaction 5
- Transaction 6
- Transaction 7
- Transaction 8
- Transaction 9
- Transaction 10
- Transaction 11
- Transactions and Financial Statements
- Analyze the Impact of Business Transactions on Accounts
- The T-Account
- Increases and Decreases in the Accounts: The Rules of Debit and Credit
- Additional Stockholders’ Equity Accounts: Revenues and Expenses
- Journalize Transactions and Post Journal Entries to the Ledger
- Posting from the Journal to the Ledger
- The Flow of Accounting Data
- Transaction 1 Analysis
- Transaction 2 Analysis
- Transaction 3 Analysis
- Transaction 4 Analysis
- Transaction 5 Analysis
- Transaction 6 Analysis
- Transaction 7 Analysis
- Transaction 8 Analysis
- Transaction 9 Analysis
- Transaction 10 Analysis
- Transaction 11 Analysis
- Accounts After Posting to the Ledger
- Construct a Trial Balance
- Analyzing Accounts
- Correcting Accounting Errors
- Chart of Accounts
- The Normal Balance of an Account
- End-of-Chapter Summary Problem
- Requirements
- Answers
- Requirement 1
- Requirement 2
- Requirement 3
- Requirement 4
- Requirement 5
- Review Transaction Analysis
- Accounting Vocabulary
- Quick Check
- Assess Your Progress
- Ethics Check
- Short Exercises
- Exercises MyLab Accounting
- Group A
- Requirements
- Requirements
- Requirement
- Requirements
- Requirement
- Requirements
- Requirement
- Requirements
- Group B
- Requirements
- Requirements
- Requirement
- Requirements
- Requirement
- Requirements
- Requirement
- Requirements
- Serial Exercise
- Requirements
- Quiz
- Problems MyLab Accounting
- Group A
- Requirement
- Requirements
- Requirements
- Requirements
- Requirements
- Group B
- Requirement
- Requirements
- Requirements
- Requirements
- Requirements
- Challenge Exercises and Problem
- Requirement
- Requirements
- Requirements
- Requirements
- Decision Cases
- Requirements
- Requirement
- Ethical Issues
- Requirements
- Requirements
- Requirements
- Focus on Financials Apple Inc.
- Focus on Analysis Under Armour, Inc.
- Group Projects
- Requirements
- Requirements
- Quick Check Answers
- Try It Solutions
- Page 63
- 3 Accrual Accounting and Income
- Learning Objectives
- Explain How Accrual Accounting Differs From Cash-Basis Accounting
- The Time-Period Concept
- Apply the Revenue and Expense Recognition Principles
- The Revenue Principle
- The Expense Recognition Principle
- Adjust the Accounts
- Which Accounts Need to Be Updated (Adjusted)?
- Categories of Adjusting Entries
- Deferrals
- Depreciation
- Accruals
- Prepaid Expenses
- Prepaid Rent
- Supplies
- Depreciation of Plant Assets
- The Accumulated Depreciation Account
- Book Value
- Accrued Expenses
- Accrued Revenues
- Unearned Revenues
- Summary of the Adjusting Process
- The Adjusted Trial Balance
- Construct the Financial Statements
- Close the Books
- Classifying Assets and Liabilities
- Current Assets
- Long-Term Assets
- Current Liabilities
- Long-Term Liabilities
- Reporting Assets and Liabilities: The Walt Disney Company
- Formats for the Financial Statements
- Balance-Sheet Formats
- Income Statement Formats
- Analyze and Evaluate a Company’s Debt-Paying Ability
- Net Working Capital
- Current Ratio
- Debt Ratio
- How Do Transactions Affect the Ratios?
- End-of-Chapter Summary Problem
- Requirements
- Answers
- Requirement 1
- Explanation of Closing Entries
- Requirement 2
- Requirement 3
- Requirement 4
- Review Accrual Accounting and Income
- Accounting Vocabulary
- Quick Check
- Assess Your Progress
- Ethics Check
- Short Exercises
- Exercises MyLab Accounting
- Group A
- Requirements
- Requirement
- Requirement
- Requirements
- Group B
- Requirements
- Requirement
- Requirement
- Requirements
- Serial Exercise
- Requirements
- Quiz
- Problems MyLab Accounting
- Group A
- Requirements
- Requirements
- Requirements
- Requirements
- Requirements
- Requirements
- Requirements
- Group B
- Requirements
- Requirements
- Requirements
- Requirements
- Requirements
- Requirements
- Requirements
- Challenge Exercises and Problems
- Decision Cases
- Requirements
- Requirement
- Requirements
- Ethical Issues
- Requirements
- Requirements
- Focus on Financials Apple Inc.
- Focus on Analysis Under Armour, Inc.
- Group Project
- Requirements
- Quick Check Answers
- Try It Solutions
- Page 125
- Page 129
- Page 131
- Page 134
- 4 Internal Control and Cash
- Learning Objectives
- Describe Fraud and Its Impact
- Fraud and Ethics
- Explain the Objectives and Components of Internal Control
- The Components of Internal Control
- Control Environment
- Risk Assessment
- Information System
- Control Procedures
- Monitoring of Controls
- Internal Control Procedures
- Smart Hiring Practices and Separation of Duties
- Comparisons and Compliance Monitoring
- Adequate Records
- Limited Access
- Proper Approvals
- Information Technology
- Safeguard Controls
- Internal Controls for E-Commerce
- Stolen Credit Card Numbers
- Malware
- Phishing Expeditions
- Security Measures
- Encryption
- Firewalls
- Evaluate Internal Controls Over Cash Receipts and Cash Payments
- Cash Receipts over the Counter
- Cash Receipts by Mail
- Controls over Payments Made by Check or EFT
- Controls over Purchase and Payment
- Petty Cash
- The Limitations of Internal Control—Costs and Benefits
- Prepare A Bank Reconciliation
- Signature Card
- Deposit Ticket
- Check
- Bank Statement
- Bank Reconciliation
- Preparing the Bank Reconciliation
- Journalizing Transactions from the Bank Reconciliation
- Online Banking
- Report Cash On the Balance Sheet
- End-of-Chapter Summary Problem
- Requirements
- Answers
- Requirement 1
- Requirement 2
- Review Internal Control and Cash
- Accounting Vocabulary
- Quick Check
- Assess Your Progress
- Ethics Check
- Short Exercises
- Exercises MyLab Accounting
- Group A
- Requirement
- Group B
- Requirement
- Quiz
- Problems MyLab Accounting
- Group A
- Requirement
- Requirements
- Requirements
- Requirements
- Group B
- Requirement
- Requirements
- Requirements
- Requirements
- Challenge Exercises and Problem
- Decision Cases
- Requirement
- Ethical Issues
- Focus on Financials Apple Inc.
- Focus on Analysis Under Armour, Inc.
- Group Project
- Requirements
- Quick Check Answers
- Try It Answers
- Page 223
- 5 Receivables and Revenue
- Learning Objectives
- Apply Generally Accepted Accounting Principles (GAAP) for Proper Revenue Recognition
- Shipping Terms
- Collection
- Speeding up the Cash Flow from Sales
- Account for Sales Returns and Allowances
- Account for Sales Discounts
- Disclosure of Net Revenues on the Income Statement
- Account for Accounts Receivable
- Types of Receivables
- Managing and Accounting for Receivables
- Evaluate Collectibility Using the Allowance for Uncollectible Accounts
- Allowance Method
- Percent-of-Sales
- Aging-of-Receivables
- Writing Off Uncollectible Accounts
- Combining the Percent-of-Sales and the Aging Methods
- Direct Write-Off Method
- Computing Cash Collections from Customers
- Account for Notes Receivable and Interest Revenue
- Accounting for Notes Receivable
- Evaluate Liquidity Using Three New Ratios
- Quick (Acid-Test) Ratio
- Accounts Receivable Turnover and Days’ Sales Outstanding
- End-of-Chapter Summary Problem
- Requirements
- Answers
- Requirement 1
- Requirement 2
- Requirement 3
- Requirement 4
- Review Receivables and Revenue
- Accounting Vocabulary
- Quick Check
- Assess Your Progress
- Ethics Check
- Short Exercises
- Requirements
- Requirements
- Requirements
- Requirements
- Requirements
- Exercises MyLab Accounting
- Group A
- Requirements
- Requirements
- Requirement
- Requirements
- Requirements
- Requirements
- Requirements
- Requirement
- Requirements
- Requirements
- Group B
- Requirements
- Requirements
- Requirement
- Requirements
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- Requirements
- Requirements
- Requirement
- Requirements
- Requirements
- Quiz
- Problems MyLab Accounting
- Group A
- Requirements
- Requirements
- Requirements
- Requirements
- Requirements
- Requirements
- Requirements
- Requirements
- Group B
- Requirements
- Requirements
- Requirements
- Requirements
- Requirements
- Requirements
- Requirements
- Requirements
- Challenge Exercises and Problem
- Decision Cases
- Requirement
- Ethical Issue
- Requirements
- Focus on Financials Apple Inc.
- Focus on Analysis Under Armour, Inc.
- Group Project
- Requirements
- Quick Check Answers
- Try It Solutions
- Page 260
- 6 Inventory and Cost of Goods Sold
- Learning Objectives
- Show How to Account for Inventory
- Sales Price versus Cost of Inventory
- Number of Units of Inventory
- Cost per Unit of Inventory
- Periodic versus Perpetual Inventory Systems
- Recording Transactions in the Perpetual System
- Apply and Compare Various Inventory Cost Methods
- Apply the Various Inventory Costing Methods
- Specific Identification Method
- Average-Cost Method
- FIFO Method
- LIFO Method
- Compare the Effects of the FIFO, LIFO, and Average-Cost Methods on Gross Profit and Ending Inventory
- The Tax Advantage of LIFO
- LIFO and Managing Reported Income
- LIFO Liquidation
- Explain and Apply Underlying U.S. Gaap for Inventory
- Disclosure Principle
- Lower-of-Cost-or-Market Rule
- Compute and Evaluate Gross Profit (Margin) Percentage, Inventory Turnover, and Days’ Inventory Outstanding (DIO)
- Gross Profit Percentage
- Inventory Turnover and Days Inventory Outstanding (DIO)
- Use the Cost-of-Goods-Sold (COGS) Model to Make Management Decisions
- Computing Budgeted Purchases
- Estimating Inventory Using the Gross Profit Method
- Analyze Effects of Inventory Errors
- End-of-Chapter Summary Problem
- Requirements
- Answers
- Requirement 1
- Requirement 2
- Requirement 3
- Requirement 4
- Requirement 5
- Review Inventory and Cost of Goods Sold
- Accounting Vocabulary
- Quick Check
- Assess Your Progress
- Ethics Check
- Short Exercises
- Exercises MyLab Accounting
- Group A
- Requirements
- Requirements
- Requirements
- Requirements
- Requirements
- Requirement
- Requirement
- Requirement
- Group B
- Requirements
- Requirements
- Requirements
- Requirements
- Requirements
- Requirement
- Requirement
- Requirement
- Quiz
- Problems MyLab Accounting
- Group A
- Requirements
- Requirements
- Requirements
- Requirements
- Requirements
- Requirements
- Requirements
- Requirements
- Group B
- Requirements
- Requirements
- Requirements
- Requirements
- Requirements
- Requirements
- Requirements
- Requirements
- Challenge Exercises and Problem
- Decision Cases
- Requirements
- Requirements
- Ethical Issue
- Requirements
- Focus on Financials Apple Inc.
- Focus on Analysis Under Armour, Inc.
- Group Project
- Quick Check Answers
- Try It Solutions
- Page 324
- Page 326
- Appendix 6A Accounting for Inventory in the Periodic System
- Recording Transactions in the Periodic System
- Appendix Assignments
- Short Exercises
- Requirements
- Exercises
- Requirements
- Requirements
- Problems
- Requirements
- Requirements
- Appendix 6B The Lifo Reserve—Converting a LIFO Company’s Net Income to the FIFO Basis
- 7 Plant Assets, Natural Resources, and Intangibles
- Learning Objectives
- Explain How to Account for the Cost of Plant Assets
- Land
- Buildings, Machinery, and Equipment
- Land Improvements and Leasehold Improvements
- Lump-Sum (or Basket) Purchases of Assets
- Distinguish a Capital Expenditure from an Immediate Expense
- Explain How to Account for Depreciation on Plant Assets
- How to Measure Depreciation
- Depreciation Methods
- Straight-Line Method
- Units-of-Production Method
- Double-Declining-Balance Method
- Comparing Depreciation Methods
- Other Issues in Accounting for Plant Assets
- Depreciation for Partial Years
- Changing the Useful Life of a Depreciable Asset
- Fully Depreciated Assets
- Analyze the Effect of a Plant Asset Disposal
- Disposing of a Fully Depreciated Asset for No Proceeds
- Selling a Plant Asset
- Exchanging a Plant Asset
- T-Accounts for Analyzing Plant Asset Transactions
- Apply GAAP for Natural Resources and Intangible Assets
- Accounting for Natural Resources
- Accounting for Intangible Assets
- Accounting for Specific Intangibles
- Patents
- Copyrights
- Trademarks and Trade Names
- Franchises and Licenses
- Goodwill
- Accounting for Research and Development Costs
- Explain the Effect of an Asset Impairment on the Financial Statements
- Analyze the Rate of Return on Assets
- DuPont Analysis: A More Detailed View of ROA
- Analyze the Cash Flow Impact of Long-Lived Asset Transactions
- End-of-Chapter Summary Problem
- Requirements
- Answers
- Requirement 1
- Requirement 2
- Review Plant Assets, Natural Resources, and Intangibles
- Accounting Vocabulary
- Quick Check
- Assess Your Progress
- Ethics Check
- Short Exercises
- Requirements
- Exercises MyLab Accounting
- Group A
- Requirements
- Requirements
- Requirements
- Requirements
- Group B
- Requirements
- Requirements
- Requirements
- Requirements
- Quiz
- Problems MyLab Accounting
- Group A
- Requirements
- Requirements
- Requirement
- Requirements
- Requirements
- Requirements
- Requirements
- Requirements
- Requirements
- Group B
- Requirements
- Requirements
- Requirement
- Requirements
- Requirements
- Requirements
- Requirements
- Requirements
- Requirements
- Challenge Exercises and Problem
- Decision Cases
- Requirements
- Ethical Issue
- Requirements
- Focus on Financials Apple Inc.
- Focus on Analysis Under Armour, Inc.
- Group Project
- Requirements
- Quick Check Answers
- Try It Solutions
- Page 372
- Page 377
- Page 380
- 8 Current and Contingent Liabilities
- Learning Objectives
- Distinguish Between Current and Long-Term Liabilities
- Account for Accounts Payable and Analyze Accounts Payable Turnover
- Account for Notes Payable and Accrued Interest
- Account for Accrued Liabilities and Unearned Revenue
- Account for Contingent Liabilities
- End-of-Chapter Summary Problem
- Answer
- Review Current and Contingent Liabilities
- Accounting Vocabulary
- Quick Check
- Assess Your Progress
- Ethics Check
- Short Exercises
- Exercises
- Group A
- Requirements
- Requirements
- Requirements
- Requirements
- Requirements
- Requirement
- Requirement
- Requirements
- Group B
- Requirements
- Requirements
- Requirements
- Requirements
- Requirements
- Requirement
- Requirement
- Requirements
- Quiz
- Problems MyLab Accounting
- Group A
- Requirement
- Requirement
- Requirement
- Requirements
- Group B
- Requirement
- Requirement
- Requirement
- Requirements
- Challenge Exercise
- Decision Cases
- Requirements
- Requirements
- Ethical Issue
- Requirements
- Focus on Financials Apple Inc.
- Focus on Analysis Under Armour, Inc.
- Group Project
- Quick Check Answers
- 9 Long-Term Liabilities
- Learning Objectives
- Account for Bonds Payable and Interest Expense with Straight-line Amortization
- Issuing Bonds Payable at Par (Face Value)
- Issuing Bonds Payable at a Discount
- Issuing Bonds Payable at a Premium
- Account for Bonds Payable and Interest Expense with Effective-Interest Amortization
- Issuing Bonds Payable at a Discount
- Interest Expense on Bonds Issued at a Discount
- Issuing Bonds Payable at a Premium
- Account for Other Features of Bonds Payable
- Accounting for Partial-Period Interest Amounts
- Retiring Bonds Payable Before Their Maturity
- Accounting for Convertible Bonds and Notes
- Describe Other Long-Term Liabilities
- Deferred Income Taxes
- Commitments
- Leases
- Analyze the Impact of Leverage on the Financial Statements
- The Leverage Ratio
- The Times-Interest-Earned Ratio
- Report Long-Term Liabilities on the Financial Statements
- Reporting on the Balance Sheet
- Disclosing the Fair Value of Long-Term Debt
- End-of-Chapter Summary Problem
- Requirements
- Answers
- Requirement 1
- Requirement 2
- Requirement 3
- Review Long-Term Liabilities
- Accounting Vocabulary
- Quick Check
- Assess Your Progress
- Ethics Check
- Short Exercises
- Exercises
- Group A
- Requirements
- Requirements
- Requirements
- Requirements
- Requirements
- Requirements
- Requirements
- Group B
- Requirements
- Requirements
- Requirements
- Requirements
- Requirements
- Requirements
- Requirements
- Quiz
- Problems MyLab Accounting
- Group A
- Requirements
- Requirements
- Requirements
- Requirements
- Requirements
- Requirements
- Group B
- Requirements
- Requirements
- Requirements
- Requirements
- Requirements
- Requirements
- Challenge Exercise and Problem
- Decision Cases
- Requirements
- Focus on Financials Apple Inc.
- Focus on Analysis Under Armour, Inc.
- Quick Check Answers
- Try It Solutions
- Page 480
- 10 Stockholders’ Equity
- Learning Objectives
- Explain the Features of a Corporation
- Organizing a Corporation
- Stockholders’ Rights
- Stockholders’ Equity
- Classes of Stock
- Common Stock or Preferred Stock
- Par Value Stock or No-Par Value Stock
- Account for the Issuance of Stock
- Common Stock
- Common Stock at Par
- Common Stock Issued Above Par Value
- No-Par Common Stock
- No-Par Common Stock with a Stated Value
- Common Stock Issued for Assets Other Than Cash
- Common Stock Issued for Services
- How an “Other Than Cash” Stock Issuance Can Create an Ethical Challenge
- Preferred Stock
- Authorized, Issued, and Outstanding Stock
- Explain How Treasury Stock Affects a Company
- How Is Treasury Stock Recorded?
- Retirement of Treasury Stock
- Resale of Treasury Stock
- Issuing Stock for Employee Compensation
- Summary of Treasury-Stock Transactions
- Account for Retained Earnings, Dividends, and Stock Splits
- Should the Company Declare and Pay Cash Dividends?
- Cash Dividends
- Analyzing the Stockholders’ Equity Accounts
- Dividends on Preferred Stock
- Dividends on Cumulative and Noncumulative Preferred Stock
- Stock Dividends
- Stock Splits
- Summary of the Effects on Assets, Liabilities, and Stockholders’ Equity
- Evaluate a Company’s Performance Using New Ratios
- ROE: Relating Profitability to Stockholder Investment
- Earnings Per Share (EPS)
- Effect of Preferred Dividends on Earnings Per Share
- Effect of Equity Financing on EPS
- Market Capitalization and the Price-Earnings Ratio
- Dividend Yield
- Report Stockholders’ Equity Transactions in the Financial Statements
- Statement of Stockholders’ Equity
- A Detailed Stockholders’ Equity Section of the Balance Sheet
- End-of-Chapter Summary Problems
- Requirements
- Answers
- Review Stockholders’ Equity
- Accounting Vocabulary
- Quick Check
- Assess Your Progress
- Ethics Check
- Short Exercises
- Requirements
- Exercises MyLab Accounting
- Group A
- Requirements
- Requirements
- Requirements
- Requirements
- Requirement
- Requirements
- Requirements
- Requirements
- Requirements
- Requirements
- Group B
- Requirements
- Requirements
- Requirements
- Requirements
- Requirement
- Requirements
- Requirements
- Requirements
- Requirements
- Requirements
- Quiz
- Problems MyLab Accounting
- Group A
- Requirements
- Requirement
- Requirements
- Requirements
- Requirements
- Requirements
- Requirements
- Requirements
- Group B
- Requirements
- Requirement
- Requirements
- Requirements
- Requirements
- Requirements
- Requirements
- Requirements
- Challenge Exercises and Problem
- Decision Cases
- Requirements
- Requirements
- Ethical Issues
- Requirements
- Requirements
- Focus on Financials Apple Inc.
- Focus on Analysis Under Armour, Inc.
- Group Project in Ethics
- Requirements
- Quick Check Answers
- Try It Solutions
- Page 530
- 11 The Statement of Cash Flows
- Learning Objectives
- Identify the Purposes of the Statement of Cash Flows
- How’s Your Cash Flow? Telltale Signs of Financial Difficulty
- Distinguish Among Operating, Investing, and Financing Activities
- Two Formats for Operating Activities
- Prepare a Statement of Cash Flows Using the Indirect Method
- Cash Flows from Operating Activities
- A Depreciation, Depletion, and Amortization Expenses
- B Gains and Losses on the Sale of Long-Term Assets
- C Changes in the Current Asset and Current Liability Accounts, Excluding Cash
- Evaluating Cash Flows from Operating Activities
- Cash Flows from Investing Activities
- Computing Purchases and Sales of Plant Assets
- Computing Purchases and Sales of Investments, and Loans and Collections
- Cash Flows from Financing Activities
- Computing Issuances and Payments of Long-Term Debt
- Computing Issuances of Stock and Purchases of Treasury Stock
- Computing Dividend Declarations and Payments
- Noncash Investing and Financing Activities
- Prepare A Statement of Cash Flows Using the Direct Method
- Cash Flows from Operating Activities
- Cash Collections from Customers
- Cash Receipts of Interest and Dividends
- Payments to Suppliers
- Payments to Employees
- Payments for Interest Expense and Income Tax Expense
- Depreciation, Depletion, and Amortization Expense
- Cash Flows from Investing Activities
- Purchasing Plant Assets and Investments and Making Loans to Other Companies
- Proceeds from Selling Plant Assets and Investments and from Collecting Notes Receivable
- Cash Flows from Financing Activities
- Proceeds from the Issuance of Stock and Debt (Notes and Bonds Payable)
- Payment of Debt and Purchasing the Company’s Own Stock
- Payment of Cash Dividends
- Noncash Investing and Financing Activities
- Computing Operating Cash Flows Using the Direct Method
- Computing Cash Collections from Customers
- Computing Payments to Suppliers
- Computing Payments for Other Operating Expenses
- Computing Payments to Employees
- Computing Payments of Interest and Income Taxes
- Computing Investing and Financing Cash Flows
- Measuring Cash Adequacy: Free Cash Flow
- End-of-Chapter Summary Problems
- Answers
- Review Statement of Cash Flows
- Accounting Vocabulary
- Quick Check
- Assess Your Progress
- Ethics Check
- Short Exercises
- Exercises MyLab Accounting
- Group A
- Requirements
- Requirement
- Requirements
- Requirement
- Requirement
- Requirements
- Group B
- Requirements
- Requirement
- Requirements
- Requirement
- Requirement
- Requirements
- Quiz
- Problems MyLab Accounting
- Group A
- Requirements
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- Requirement
- Requirements
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- Group B
- Requirements
- Requirements
- Requirement
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- Requirements
- Requirements
- Requirements
- Challenge Exercises and Problem
- Decision Cases
- Requirements
- Requirement
- Ethical Issues
- Requirements
- Focus on Financials Apple Inc.
- Focus on Analysis Under Armour, Inc.
- Group Projects
- Quick Check Answers
- Try It Solutions
- Page 608
- Page 616
- Page 621
- 12 Financial Statement Analysis
- Learning Objectives
- Perform an Industry and Company Analysis
- Perform a Horizontal Analysis
- Trend Percentages
- Perform a Vertical Analysis
- Prepare Common-Size Financial Statements
- Benchmarking
- Benchmarking Against a Key Competitor
- Use Ratios to Make Business Decisions
- Remember to Start at the Beginning: Company and Industry Information
- Now Let’s Do the Numbers
- Measuring the Ability to Pay Current Liabilities
- Current Ratio
- Quick (Acid-Test) Ratio
- Measuring Turnover and the Cash Conversion Cycle
- Inventory Turnover
- Accounts Receivable Turnover
- Days’ Sales Outstanding
- Accounts Payable Turnover
- Cash Conversion Cycle
- Measuring Leverage: The Overall Ability to Pay Debts
- Debt Ratio
- Times-Interest-Earned Ratio
- Measuring Profitability
- Gross Margin (Profit) Percentage
- Operating Income (Profit) Percentage
- DuPont Analysis
- Rate of Return on Sales (Net Profit Margin Ratio)
- Asset Turnover
- Rate of Return on Total Assets (ROA)
- Leverage (Equity Multiplier) Ratio
- Rate of Return on Common Stockholders’ Equity (ROE)
- Earnings per Share of Common Stock
- Analyzing Stock as an Investment
- Price-Earnings Ratio (Multiple)
- Dividend Yield
- The Limitations of Ratio Analysis
- Evaluate the Quality of Earnings
- An Audit Adds Credibility to Financial Statements
- Red Flags in Financial Statement Analysis
- Efficient Markets
- End-of-Chapter Summary Problems
- Requirement
- Answer
- Review Financial Statement Analysis
- Accounting Vocabulary
- Quick Check
- Assess Your Progress
- Ethics Check
- Short Exercises
- Exercises MyLab Accounting
- Group A
- Requirements
- Requirements
- Group B
- Requirements
- Requirements
- Quiz
- Problems MyLab Accounting
- Group A
- Requirements
- Requirements
- Requirements
- Requirements
- Requirements
- Requirements
- Group B
- Requirements
- Requirements
- Requirements
- Requirements
- Requirements
- Requirements
- Challenge Exercises and Problem
- Decision Cases
- Requirements
- Requirement
- Ethical Issues
- Requirements
- Focus on Financials Apple Inc.
- Focus on Analysis Under Armour, Inc.
- Group Project
- Comprehensive Financial Statement Analysis Project
- Requirement 1: Compile basic information (provide sources for your answers)
- Requirement 2: Evaluate profitability
- Requirement 3: Evaluate turnover
- Requirement 4: Perform other financial analysis
- Requirement 5: Evaluate Kohl’s Corporation stock as an investment
- Quick Check Answers
- Try It Solutions
- Page 678
- Appendix A Apple Inc. Annual Report 2016
- Appendix B Typical Charts of Accounts for Different Types of Businesses
- Appendix C Summary of U.S. Generally Accepted Accounting Principles (GAAP)
- Appendix D Summary of Differences Between U.S. GAAP and IFRS Cross Referenced to Chapter
- Appendix E—Investments
- Explain Why Companies Invest in Other Companies
- Investments in Equity Securities
- Account for Investments in Equity Securities When the Investor Has Insignificant Influence
- Recording the Purchase of Equity Securities
- Recording Cash Dividends
- Adjusting Equity Investments to Their Fair Value
- Unrealized Gains and Losses
- Recording the Sale of an Equity Investment
- Realized Gains and Losses
- Account for Investments in Equity Securities When the Investor Has Significant Influence
- Purchase of Equity-Method Investments
- The Investor’s Percentage of Investee Income
- Recording Dividends on Equity-Method Investments
- Account for Investments in Equity Securities When the Investor Has Controlling Influence
- Consolidation Accounting
- Account for Investments in Debt Securities
- Review Investments
- Accounting Vocabulary
- Quick Check
- Assess Your Progress
- Short Exercises
- Exercises MyLab Accounting
- Group A
- Requirements
- Requirements
- Requirements
- Requirements
- Requirements
- Group B
- Requirements
- Requirements
- Requirements
- Requirements
- Requirements
- Quiz
- Problems MyLab Accounting
- Group A
- Requirements
- Requirements
- Requirements
- Requirements
- Group B
- Requirements
- Requirements
- Requirements
- Requirements
- Quick Check Answers
- Try It Solutions
- Page 777
- Page 779
- Appendix F —Time Value of Money
- Explain the Impact the Time Value of Money Has on Certain Types of Investments
- Present Value
- Present-Value Tables
- Present Value of an Ordinary Annuity
- Using Microsoft Excel to Calculate Present Value
- Using the PV Model to Compute Fair Value of Available-for-Sale Investments
- Present Value of an Investment in Bonds
- Summary Problem
- Answer
- Review Appendix F: Time Value of Money
- Accounting Vocabulary
- Quick Check
- Assess Your Progress
- Exercises MyLab Accounting
- Quiz
- Problems MyLab Accounting
- Requirement
- Requirement
- Challenge Exercise
- Quick Check Answers
- Glindex A Combined Glossary and Subject Index
- A
- B
- C
- D
- E
- F
- G
- H
- I
- J
- K
- L
- M
- N
- O
- P
- Q
- R
- S
- T
- U
- V
- W
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