Week 2 Tiger Enterprises Exercise 4-22  Required: Prepare Tiger Enterprises statement of cash flows, using the indirect method to present cash flows from operating...

Week 2 DQ 2 Revenue Recognition Judgment Case 5-2 p. 291 Revenue earned by a business enterprise is recognized for accounting purposes at different times, according to the circumstances. In some...

Exercise 4-19 – Wainwright Corporation Required: 1.  Analyze each transaction and classify each as a financing, investing and/or operating activity (a transaction can represent more than one...

Week 1 DQ 2 Cash vs. Accrual Judgment Case 2-1 p. 109 You have recently been hired by Davis & Company, a small public accounting firm. One of the firms partners, Alice Davis, has asked you to...

Week 2 Installment Sales Exercise 5-3  – Charter Corporation Prepare summary journal entries for 2011 and 2012 to account for the installment sales and cash collections. The company uses the...

Week 2 Project Contracts Exercise 5-10 Sanderson Construction Required: 1. Determine the amount of gross profit or loss to be recognized in each of the three years using the percentage-...