100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
Solutions for Financial Accounting, 13th Edition Thomas (All Chapters included) $29.49   Add to cart
Quickly navigate to
Preview
  2.  
  3. Financial Accounting
  4.  
  5. Financial Accounting

Exam (elaborations)

Solutions for Financial Accounting, 13th Edition Thomas (All Chapters included)
 4 views  0 purchase
  • Course
  • Financial Accounting
  • Institution
  • Financial Accounting

Complete Solutions Manual for Financial Accounting, 13th Edition by C. William Thomas, Wendy M. Tietz ; ISBN13: 9780136899617. (Full Chapters included Chapter 1 to 12). 1. The Financial Statements. 2. Transaction Analysis. 3. Accrual Accounting and Income. 4. Internal Control and Cash. 5. Rece...

[Show more]

Preview 3 out of 1168  pages

Document information

  • December 5, 2023
  • 1168
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers

Subjects

Written for

  • Financial Accounting
  • Financial Accounting

Seller

avatar-seller
mizhouubcca

Reviews received

Content preview

Financial Accounting
13th Edition
by C. William Thomas


Complete Chapter Solutions Manual
are included (Ch 1 to 12)


** Immediate Download
** Swift Response
** All Chapters included
** Exercises, Problems and Cases

,Chapter 1
The Financial Statements

Ethics Check

(5-10 min.) EC 1-1

a. Objectivity and independence
b. Due care
c. Integrity
d. Integrity




Chapter 1 The Financial Statements 1-1

, Short Exercises

(10 min.) S 1-1

a. Corporation, limited partners of a Limited-liability partnership (LLP)
and Limited-liability company (LLC). If any of these businesses fails
and cannot pay its liabilities, creditors cannot force the owners to
pay the business’s debts from the owners’ personal assets.
Creditors can go after the general partner of a limited liability
partnership.

b. Proprietorship. There is a single owner of the business, so the
owner is answerable to no other owner.

c. Partnership. If the partnership fails and cannot pay its liabilities,
creditors can force the partners to pay the business’s debts from
their personal assets. A partnership affords more protection for
creditors than a proprietorship because there are two or more
owners to share this liability.




(5 min.) S 1-2


1. The entity assumption applies.
2. Application of the entity assumption will separate Osmond’s
personal assets from the assets of Simple Treats, Inc. This will help
Osmond, investors, and lenders know how much assets, liabilities




1-2 Financial Accounting 13/e Solutions Manual

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller mizhouubcca. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $29.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

78799 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$29.49
  • (0)
  Add to cart