2aa Chapter S The Accounting Cycle: Reparting Financia Rests £. Has the agency's monthiy off 200 up or dawn’? Explain, & es the agency's monly insurance expense remained the same throughout the year? It not, has it one up or down? Explain, ee Tent remained the same throughout the year’? If not, has it Peeycamershensiv@ Problem Problem 5.7B Refer to Problem 44 on ages 178-179 in the previous ch Inotuaing Adjusting Closing Entries, an ter. Prepare a posta workshect for Campus Theater dated 31 August 2013, At he tone oe your work: sheet, prepare a brief explanation Keyed to ach adjusting entry Preparation 05 Listy ONSEN ed roblam 6.66 A recent annus epor ised by Carrefour, revealed the following dva Liguiaty toe End Beginning otYeor of ear Curent assets €19.8 bilon —€193 ion Curent iabiites | €22.0¢ilion€26-1bllon Equity €.4>ition €7.6 bien Fee campany’s income statement reported total annua! revene of €78.5 billion and profit for year of €1.3 billion, Instructions Evaluate Carrefaur's profiabily by computing it Percentage and its retin on equity for the year Evaluate Carrefour's liquidity by computing its working capita and its curtent ratio atthe beginning ofthe year and athe end of the year. Poss Carrefour appear co be both profitable and tguid? Explain “Supplemental Topic, “The Worksheet” Adequate Olscloaure Taran, Listed below ae five items that may-—or may not—requir dsclowre in the notes us ‘hat accompany financial statements, Mariela Construction Co, uses the percentage-of: completion method to ecognice revenue renter construction contacts, Tis sone of to acepuable media ah I proeets. Over the ie ofthe projec, both methods produce the same over the annual results may differ substantially 4 One of the most popular aris at Spectacular Comics i leaving the company and going to work for a competitor & Shorty after the reporting perio, but before the financial statements are sed one of Coast Fees ote Processing plans was damaged by tornado, The plant wil bee service for at least three months, 4. The management of Soft Systems believes that the company has developed systems software iheraae Risks Windows® viualy obsolete, I hey are comect, the compare Drofits could Increase by 10-fold or more © SURE Poverty Management (CPM) witheld a $500 security deposit from students ho, amo oe het fase, Kept a dog in their apartment. Te stodens have sued Ca ye this ‘mount in small claims court Instructions For each case, explain what, if any, disclosure is required under ples. Explsin your reasoning ally accepted accounting