Trouble Problems Flashcards
Straight Line Carrying Value
(Cost (1-%)) + (((SharePrice)+Interest)*Months)
Straight line Carrying Value partial months
Proceeds + ((FV*2%) * months
SL interest expense
(FV*%) + (____ /Y years)
With Premium
(FV*acrrued) - FV
SL Bond Interest
((FV%) * MONTHS) - (( ___/ years) months)
Redemption JE Credit
discount
gain on retirement
(BP+premium)-(premium/years)*months * % = a
a- (retired * retired %)
Loss on retirement
CV + ((CVYEILD%)-(FVMKT%))=A
A-(FV*Accrued)
Requisition Price
issued * accrued - (issued(1-accrued)/years)((accrued)-1)* months = a
a- (repurchased*Market%)
Loss on called bonds
((FVcalled%)+(FV(1-CALLED%) * (Months/years)) * 60%=a
(Called*accrued)-a
Income before taxes with times ratio
(net income + interest + x) / interest = ratio
record aro
Debit Natural Gas Facility
Credit Asset Retirement Obligation
PV of removal cost
Expenses recorded for dismantling an oil rig
Depr Exp: (Cost+PV)/years
Interest:PV*interest %
Report as liability with warrants
(total sales*all percents added)-actual expenditures
premiums for box tops
(((sold* est %)- redeemed)/cost of gift)* (bowl-boxes)
JE to record estimated warranty
Debit Warranty Expense
Credit Warranty Liability
sales*percent
acid ratio
(Current Assets+ST inv + AR) / Current liab
Credited accounts to record sale of TS
TS- sold shares * CS per
PIC/TS - sold shares * (CS per - sold $ epr)
Total additional PIC
PIC + (TS Sold *__) - (remaining shares * ___)
Cost method total stockholders equity
Total Equity - (reacquired amounts) + (sold amounts) + net income
Dividends received
Current shares * price * percent = a
(a-dividends)+a
Cash to stockholders
shares * % * price = a
declared - (a*years)
gain and net reduction in retained earnings would result from this property dividend
(purchased price / #shares) * price per = a
(price per - (purch price / # owned shares))*a= b
a-b
result of the dividends declared during the year, retained earnings decreased
shares * par * per= a
a+(shares (1+%)dividend $)
Capital stock from stock dividend
(shares of CapS *price of CapS)+ total capital stock
Payout ratio
dividends / (net income + preferred)
rate of return
(net income - pref divid) / (common equity for both years*2)
book value per share
shares / outstanding
distributed and preferred stock is also participating, how much will the common stockholders receive?
% * price of shares = a
(1-%)* price of shares= b
outstanding shares * % * (par-stated)= c
a+c=d
(distributed - d) / (price of shares + outstanding shares)
Revenue from Investment
Net income * (shares CS / outstanding shares
increase in FV from investment
0
Gross Profit with percent-of-complete
contract - (both costs incurred)
Construction in Processes
(costs to date / est cost) * (contract - est) = a
costs to date + a
Gross Profit on Install
(Years GP / P/Y install) * P/Y Sales = a
((C/y GP/C/Y install) * CY Sales) + a
Reduction on equity
(owned share * market $) - ((market - CV) Owned Share)
Net reduction on Retained Earnings
(shares/10) * per = a
a - (a (shares * (shares/owned))
Rent Expense
Deposit + ((Install/years) * 1/2)
Interest Income
PV Rent Payable- purchase = a
(purchase- payable)* % = b
Total Liability Pensions
Acc benefit Obligation - Plan assets
