4 questions Types of businesses, accounting homework help.
Your Assignment consists of the following: TEMPLATE IS ATTACHED
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Order Paper NowExercises 1-1, 1-6, 1-12, and 1-18
1-1
Types of businesses
Obj|1
Indicate whether each of the following companies is primarily a service, merchandise, or manufacturing business. If you are unfamiliar with the company, you may use the Internet to locate the company’s home page or use the finance Web site of Yahoo.com.
· 1.Allstate
· 2.Best Buy
· 3.Boeing
· 4.Caterpillar
· 5.Citigroup
· 6.CVS Caremark
· 7.Dow Chemical
· 8.Eli Lilly
· 9.First BanCorp
· 10.Ford Motor
· 11.Goodyear Tire & Rubber
· 12.Hilton Hotels
· 13.H&R Block Inc.
· 14.Pfizer
· 15.Sears Roebuck
1-6
Accounting equation
Obj|4
✓ a. $10,829
|
Costco |
Target |
Wal-Mart |
|
|
Assets |
$23,815 |
$44,533 |
$ (c) |
|
Liabilities |
12,986 |
(b) |
97,777 |
|
Stockholders’ equity |
(a) |
15,347 |
72,929 |
Determine the missing amounts (in millions) for the condensed balance sheets shown
1-12
Financial statement items
Obj|4
Identify each of the following items as (a) an asset, (b) a liability, (c) revenue, (d) an expense, or (e) a dividend:
· 1.Amounts due from customers
· 2.Amounts owed suppliers
· 3.Cash on hand
· 4.Cash paid to stockholders
· 5.Cash sales
· 6.Equipment
· 7.Note payable owed to the bank
· 8.Rent paid for the month
· 9.Sales commissions paid to salespersons
· 10.Wages paid to employees
1-18
Statement of cash flows
Obj|4
Indicate whether each of the following cash activities would be reported on the statement of cash flows as (a) an operating activity, (b) an investing activity, or (c) a financing activity.
· 1.Issued capital stock
· 2.Paid rent
· 3.Paid for office equipment
· 4.Sold services
· 5.Issued a note payable
· 6.Sold excess office equipment
· 7.Paid officers’ salaries
· 8.Paid for advertising
· 9.Paid insurance
· 10.Paid dividends
4 questions Types of businesses, accounting homework help
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