The following is a partial trial balance for the Green Star Corporation as of December 31, 2016: Account Title Debits Credits Sales revenue 1,900,000 Interest revenue 45,000 Gain on sale of investments 65,000 Cost of goods sold 840,000 Selling expenses 235,000 General and administrative expenses 90,000 Interest expense 55,000 Income tax expense 145,000 150,000 shares of common stock were outstanding throughout 2016. Required: 1. Prepare a single-step income statement for 2016, including EPS disclosures. (Round EPS answer to 2 decimal places.)

rev: 02_25_2015_QC_CS-7596

IceCap Hotels operates a series of northern European hotels and reports under IFRS. On June 30, 2016, IceCap purchased land for €3,000,000. IceCap reports land values on the balance sheet under Property, plant, and equipment. The appraisal value for the land (which you can assume is the same as the recoverable amount) was reported as:

Required:

1. Prepare the journal entries at the end of 2016, 2017, and 2018 to record any changes in value to this land asset if IceCap chooses the IFRS cost model to value this property.
2. Prepare the journal entries at the end of 2016, 2017, and 2018 to record any changes in value to this land asset if IceCap chooses the IFRS revaluation model to value this property.

On September 1, 2016, Carolina Electronics Company has 1,000 Blu-ray players ready for sale. On October 1, 2016, 870 are sold, on account, at $125 each with a 1-year assurance-type warranty. Carolina estimates that the warranty cost on each Blu-ray player sold will probably average $8 per unit. During the final 3 months of 2016, Carolina incurred warranty costs of $3,800, and in 2017 warranty costs were $3,160. Required: 1. Prepare the journal entries for the preceding transactions. 2. Show how the preceding items would be reported on the December 31, 2016, balance sheet. 3. Prepare the journal entries for the preceding transactions using the modified cash basis method. 4. Next Level Which method produces the better measure of income? Why?

Peyton Smith enjoys listening to all types of music and owns countless CDs. Over the years, Peyton has gained a local reputation for knowledge of music from classical to rap and the ability to put together sets of recordings that appeal to all ages.

During the last several months, Peyton served as a guest disc jockey on a local radio station. In addition, Peyton has entertained at several friends’ parties as the host deejay.

On June 1, 2016, Peyton established a corporation known as PS Music. Using an extensive collection of music MP3 files, Peyton will serve as a disc jockey on a fee basis for weddings, college parties, and other events. During June, Peyton entered into the following transactions:

Required: 1. Indicate the effect on each transaction

2. Prepare an income statement for PS Music for the month ended June 30, 2016.*

3. Prepare a retained earnings statement for PS Music for the month ended June 30, 2016.*

4. Prepare a balance sheet for PS Music as of June 30, 2016.*

Consider a one-dimensional lattice with a basis of two non-equivalent atoms of masses M_1and M_2.

1. Find the dispersion relations (ω versus k).

2. Sketch the normal modes in the first Brillouin zone.

3. Show that the ratio of the displacements of the two atoms u/v for the k = 0 optical mode is given by:u/v=-M_2/M_1

Derive the Sackur-Tetrode equation starting from the multiplicity givenin Ch. 2:

Ω =(1/N!)(V^{N}/h^{3N})(pi^{3N/2}/3N^{2}!)(2mU)^{3N/2}

The Sackur-Tetrode equation is:

S=Nk[ln((V/N)((4pi*m*U)/(3Nh^{2}))^{3/2})+(5/2)]

There is a solid, spherical dielectric (radius = 3 m) with a total charge of 30 μC and with uniform charge density. What is the electric field strength and the electric potential at

-the center? (answer is 0 N/C and 135,000 V just show the work)

-a distance 2 m from the center? (answer is 20,000 N/C and 115,000 V just show the work)

Explain the following briefly:

i) Potential ordinary share ii) Ordinary share iii) Financial instrument iv) Equity instrument v) Options, warrant and their equivalents

State the double entry for the following:

i) Pre-acquisition dividend ii) Post-acquisition dividend iii) Impairment in associate iv) Provision for unrealized profit v) Depreciation of plant

When transforming word u[1 : i] to v[1 : j], in addition to adding, removing, or changing a letter, suppose we also allow for the swapping of adjacent letters. For example, transforming u = tera to v = tear requires a single edit that swaps the ‘r’ with the ‘a’. Provide the recurrence for d(i, j) that occurs when one performs this edit.