, TABLE OF CONTENTS
i i
CHAPTERi1:iFinancialiStatementsiandiBusinessiDecisions
FocusiCompany:iLe-Nature’siInc.
CHAPTERi2:iInvestingiandiFinancingiDecisionsianditheiAccountingiSystem
FocusiCompany:iChipotleiMexicaniGrill
CHAPTERi3:iOperatingiDecisionsianditheiAccountingiSystem
FocusiCompany:iChipotleiMexicaniGrill
CHAPTERi4:iAdjustments,iFinancialiStatements,ianditheiClosingiProcess
FocusiCompany:iChipotleiMexicaniGrill
CHAPTERi5:iCommunicatingiandiAnalyzingiAccountingiInformation
FocusiCompany:iAppleiInc.
CHAPTERi6:iReportingiandiInterpretingiSalesiRevenue,iReceivables,iandiCash
FocusiCompany:iSkechersiU.S.A.
CHAPTERi7:iReportingiandiInterpretingiCostiofiGoodsiSoldiandiInventory
FocusiCompany:iHarley-Davidson,iInc.
CHAPTERi8:iReportingiandiInterpretingiProperty,iPlant,iandiEquipment;iIntangibles;iandiNatur
aliResources
FocusiCompany:iFedExiCorporation
CHAPTERi9:iReportingiandiInterpretingiLiabilities
FocusiCompany:iStarbucks
CHAPTERi10:iReportingiandiInterpretingiBondiSecurities
FocusiCompany:iAmazon
CHAPTERi11:iReportingiandiInterpretingiStockholders’iEquity
FocusiCompany:iMicrosoft
CHAPTERi12:iStatementiofiCashiFlows
FocusiCompany:iNationaliBeverageiCorporation
CHAPTERi13:iAnalyzingiFinancialiStatements
FocusiCompany:iTheiHomeiDepot
, CHAPTERi1:iFinancialiStatementsiandiBusinessiDecisions
FocusiCompany:iLe-Nature’siInc.
AnswersiareiatitheiendiofieachiChapter
Chapteri1
Studentiname:
1) Determineitheimissingiamountsiforieachiindependenticaseibelow.iAssumeitheiamountsishow
niareiatitheiendiofitheicompany'sifirstiyeariofioperation.
CompanyiN TotaliRev TotaliA TotaliExp TotaliLiabiliti NetiIncomei(L Stockholdersi'iEq
ame enue ssets enses e oss) uity
s
Randolph $i $i $i $i
600,00 450,00 350,00 130,000
0 0 0
Newman $i $i $i $i75,000
105,00 80,000 10,000
0
Wiseman $i $i $(30,000 $i100,000
190,00 70,000 )
0
Martin $i $i $i $i
180,00 215,00 115,00 75,000
0 0 0
VanTasse $ $ $ $i79,000
l 55,000 75,000 19,000
, QuestioniDetails
AACSBi:iKnowledgeiApplicationiAI
CPAi:iBBiCriticaliThinkingiAICPAi:i
FNiMeasurementiBloom'si:iApply
Difficultyi:i2iMedium
LearningiObjectivei:i01-
01iRecognizeitheiinformationiconveyediinieachiofitheifouribasicifinancialistaiTopici:iDistinguishidifferentifinan
cialistatements
Typei:iStatic
Accessibilityi:iKeyboardiNavigationiAccessibilityi:i
ScreeniReaderiCompatibleiGradablei:imanual
2) Frank’siFloweriCompany,iaismalliretailistoreithatisellsiflowers,istartedibusinessioniJanuaryi
1,i2022.iAtitheiendiofiJanuaryi2022,itheifollowingiinformationiwasiavailable:
Salesiofiflowersiforicash $i150,000
Salesiofiflowersiforicrediti(notiyeticollected) 30,000
CostiofiflowersiwhichiwereisoldiandipaidiforiduringiJanuary 90,000
ExpensesiduringiJanuaryiincurred,iandipaidifor,iduringiJanuaryiunlessiotherwiseinoted:
Salaries $i10,000
Telephone 500
Officeisuppliesi(alliused) 300
Electricity 600
RentionitheistoreiforiJanuary,i2022i(willinotibeipaidiuntil 2,000
February,i2022)
Required:A.Usingitheiaboveiinformation,iprepareitheiincomeistatementiforiFrank’siFloweriCompanyif
oritheimonthiendediJanuaryi31,i2022.
B.Whatiisitheiamountioficashiflowsiprovidedibyioperatingiactivitiesitoibeipresentedionitheistatementiofic
ashiflows?
