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  • Quiz 1 - Accounting: Instructions: Write The Number of Each Item in The Appropriate Section(s) of The Appropriate

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    Jamie Woods
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    Write the number of each item in the appropriate section(s) of the appropriate financial statements below and indicate whether it is an increase or decrease.

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    EC314Q1AccountingQuiz-040912Blank

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    Write the number of each item in the appropriate section(s) of the appropriate financial statements below and indicate whether it is an increase or decrease.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    57 views1 page

    Quiz 1 - Accounting: Instructions: Write The Number of Each Item in The Appropriate Section(s) of The Appropriate

    Uploaded by

    Jamie Woods
    Write the number of each item in the appropriate section(s) of the appropriate financial statements below and indicate whether it is an increase or decrease.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
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    Quiz 1 - Accounting
    Instructions: Write the number of each item in the appropriate section(s) of the appropriate financial statements below and indicate whether it is an increase or decrease. Income Statement Operating Revenue: Balance Sheet Assets: Cash Flow Operations:

    Operating Expenses:

    Liabilities:

    Investment:

    Taxable Income: Owner Equity:

    Finance:

    Net Income:

    Net Cash Flow:

    You are the president of your family-owned Pineapple farm. 1. You take out a loan to have extra cash on hand. 2. You sell one of your older tractors for cash. 3. You hire two new employees. 4. Some organic fertilizer shows up with an invoice. 5. You make a payment on your loan. 6. An old friend from your kindergarten class approaches you with an offer to become your business partner for $50,000, and you accept. 7. You raise your prices, and as a result, your sales decrease slightly. 8. You expand your Pineapple storage facility using cash.

    New Revenue Asset Definitions

    Balance Sheet MUST balance!

    Sign Conventions

    Cash Flow Echo

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