BellTower Company collected $13,000 in June of 2019 for 7 months of service which would take place from October of 2019 through April of 2020. What's the impact of Belltower's June collection of this money on the Balance Sheet?

09. If you had the opportunity to interview Clark or Irene related to the case Genie(feral child):

Which of the two would you interview? Why? You can ask your interviewee only 2 questions – what would the questions be and why?

(Answer need to be in soft copy)

Homespun Company manufactures pillows. For 2020​, the company expects fixed overhead costs of $120,000. Homespun uses​ machine-hours to allocate fixed overhead costs and anticipates 6,000 hours during the year to manufacture 24,000 pillows. During 2020​, Homespun manufactured 23,000 pillows and spent $116,000 on fixed overhead costs. Calculate the​ following:

a. The fixed overhead rate for 2020

b. The fixed overhead spending variance for 2020

c. The​ production-volume variance for

Exercise 23-11

Condensed financial data of Culver Company for 2020 and 2019 are presented below.

Additional information:

During the year, $70 of common stock was issued in exchange for plant assets. No plant assets were sold in 2020.

Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

Condensed financial data of Splish Company for 2020 and 2019 are presented below.

Additional information:

During the year, $70 of common stock was issued in exchange for plant assets. No plant assets were sold in 2020.

Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

Condensed financial data of Martinez Company for 2020 and 2019 are presented below.

Additional information:

During the year, $70 of common stock was issued in exchange for plant assets. No plant assets were sold in 2020.

Prepare a statement of cash flows using the direct method. (Show amounts in the investing and financing sections that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

Condensed financial data of Bonita Company for 2020 and 2019 are presented below.

Additional information:

During the year, $70 of common stock was issued in exchange for plant assets. No plant assets were sold in 2020.

Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

Condensed financial data of Sandhill Company for 2020 and 2019 are presented below.

Additional information:

During the year, $70 of common stock was issued in exchange for plant assets. No plant assets were sold in 2020.

Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

Condensed financial data of Bonita Company for 2020 and 2019 are presented below.

Additional information:

During the year, $80 of common stock was issued in exchange for plant assets. No plant assets were sold in 2020.

Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

Suppose you just received a phone call about your dream job, and the company would like to invite you to an interview. Conduct initial research about the company and determine:

What types of things you want to know about the company and/or the job?

What do you want the company to know about you?

What types of questions would you like to ask the company, and why?

What types of questions do you hope the company asks you, and why?

Be sure to use your critical-thinking skills for this discussion.  The purpose of this exercise is to intentionally discuss these details among your peers, and practice preparing for the real thing.