By Kenneth Boyd
Get up to the mark quickly—review and perform significant strategies in accounting!
Whether you are looking to enhance your school room adventure, or just turn into extra conversant in accounting thoughts, 1,001 Accounting perform difficulties For Dummies is the hands-on software you must get a step forward. The book's perform questions and assessment content material pass hand-in-hand with the content material provided in Accounting For Dummies, making sure that you've a operating wisdom of an important thoughts and abilities in accounting.
This sensible source provides entry to a whole lot invaluable on-line content material, together with perform difficulties in multiple-choice layout, and customizable perform units for self-directed learn, all on hand at the struggle through your telephone, machine, or capsule. perform difficulties are classified as effortless, medium, or challenging, so that you can construct your wisdom at your personal velocity. an ideal better half for someone seeking to raise their accounting talents, this e-book has the additional advantage of supplying evaluate and perform important for people seeking to cross their accounting classes and lay the basis for an accounting career.
- Filled with perform questions, assessment content material, tips, and reasons for someone attracted to accounting principles
- Includes lots of on-line perform content material, resembling a number of selection questions and customizable perform units, all on hand with buy of the book
- Ideal for people seeking to go an accounting category or begin a profession in accounting
- Serves as a very good spouse source to Accounting For Dummies
Packed with never-ending perform possibilities, 1,001 Accounting perform difficulties For Dummies has every thing you want to jumpstart your trip into accounting and fiscal documentation.
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Extra resources for 1,001 Accounting Practice Problems For Dummies
Identify the expenses that must be listed separately on the income statement to comply with accounting rules. 62–64 Use the following information to answer the questions. Hummus Records has the following current-year information in its accounting records: Sales revenue: $47,000 Interest revenue: $1,200 Selling expenses: $14,000 General expenses: $3,000 Cost of goods sold: $20,000 Tax expense: $2,200 62. Calculate the gross profit for Hummus Records. 63. Calculate the operating income for Hummus Records.
At the end of an accounting period, a company’s total assets equaled $1,450,000, and owners’ equity was $654,000. How much were the company’s liabilities? 18. At the end of an accounting period, a company’s total assets equaled $576,000, and liabilities equaled $245,000. How much was the company’s owners’ equity? 19. At the end of an accounting period, a company’s owners’ equity equaled $2,376,000, and its liabilities equaled $142,000. How much were the company’s assets? 20. What does it mean when a business has negative retained earnings?
15. A business has assets of $135,000 and liabilities of $45,000. Calculate the amount of owners’ equity. 16. A business has liabilities of $345,700 and owners’ equity of $154,300. Calculate the amount of assets the company has. 17. At the end of an accounting period, a company’s total assets equaled $1,450,000, and owners’ equity was $654,000. How much were the company’s liabilities? 18. At the end of an accounting period, a company’s total assets equaled $576,000, and liabilities equaled $245,000.
1,001 Accounting Practice Problems For Dummies by Kenneth Boyd