Full file at http://testbanksstore.eu/Solution-Manual-for-Intermediate-Accounting-6th-Edition-by-SpicelanFinancial Accounting EXERCISES Requirement 1 Haskins and Price Operating Cash Fl
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Financial Accounting
EXERCISES
Requirement 1
Haskins and Price Operating Cash Flow
Cash disbursements:
Utilities (30,000 ) (50,000
Net operating cash flow $(10,000 ) $130,000
Requirement 2
Haskins and Price Income Statements
Expenses:
Requirement 3
Less: Cash collected (330,000) Ending accounts receivable $ 50,000
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Exercise 1-1
Trang 2Year 2: Beginning accounts receivable $ 50,000
Plus: Amounts billed to customers 440,000
$490,000 Less: Cash collected (450,000) Ending accounts receivable $ 40,000
over time
revenue is recognized
effect on decisions
decision-specific quality
acquisition
future
measurers
transactions
© The McGraw-Hill Companies, Inc., 2011
Exercise 1-2
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1 The periodicity assumption
2 The matching principle
3 The historical cost (original transaction value) principle
4 The full disclosure principle
5 The realization (revenue recognition) principle
6 The economic entity assumption
1 The periodicity assumption
2 The historical cost (original transaction value) principle
3 The matching principle
4 The full disclosure principle
5 The economic entity assumption
6 The realization (revenue recognition) principle
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Exercise 1-3
Exercise 1-4