Are America's top chief executive officers (CEOs) really worth all that money? One way to answer this question is to look at row B, the annual company percentage increase in revenue, versus row A, the CEO's annual percentage salary increase in that same company. Suppose that a random sample of companies yielded the following data: B: Percent for company 2 5 29 8 21 14 13 12 A: Percent for CEO -1 5 21 13 12 18 9 8 Do these data indicate that the population mean percentage increase in corporate revenue (row B) is different from the population mean percentage increase in CEO salary? Use a 1% level of significance. Will you use a left tailed, right tailed, or two tailed test? Select one: a. two tailed test b. right tailed test c. left tailed test

Carla Corporation is a diversified company that operates in five different industries: A, B, C, D, and E. The following information relating to each segment is available for 2018.

Sales of segments B and C included intersegment sales of $20,200 and $101,800, respectively.

Q. Prepare the necessary disclosures required by GAAP.
A B C Other Total

External Revenue $ $ $ $ $

Intersegment Revenues

Total Revenues

Cost of Good Sold

Operating expenses

Total Expenses

Operating Profit(Loss)

Identifiable Assets

The Righter Shoe Store Company prepares monthly financial statements for its bank. The November 30 and December 31, 2021, trial balances contained the following account information:

The following information also is known:

1. The December income statement reported $2,100 in supplies expense.
2. No insurance payments were made in December.
3. $10,500 was paid to employees during December for salaries.
4. On November 1, 2021, a tenant paid Righter $3,300 in advance rent for the period November through January. Deferred rent revenue was credited.

Required:
1. Using the above information for December, complete the T-accounts below. The beginning balances should be the balances as of November 30.
2. Using the above information, prepare the adjusting entries Righter recorded for the month of December.

P4-1 (Multiple-Step Income, Retained Earnings) The following information is related to Dickinson Company for 2014.Retained earnings balance, January 1, 2014 $ 980,000Sales revenue 25,000,000Cost of goods sold 16,000,000Interest revenue 70,000Selling and administrative expenses 4,700,000Write-off of goodwill 820,000Income taxes for 2014 1,244,000Gain on the sale of investments (normal recurring) 110,000Loss due to fl ood damage—extraordinary item (net of tax) 390,00Loss on the disposition of the wholesale division (net of tax) 440,000Loss on operations of the wholesale division (net of tax) 90,000 Dividends declared on common stock $250,000Dividends declared on preferred stock 80,000Dickinson Company decided to discontinue its entire wholesale operations and to retain its manufacturing operations. On September 15, Dickinson sold the wholesale operations to Rogers Company. During 2014, there were 500,000 shares of common stock outstanding all year.InstructionsPrepare a multiple-step income statement and a retained earnings statement.

Gatti Corporation reported the following balances at June 30.

Required:
1. What amount should be reported as Cash and Cash Equivalents?

2. Prepare a classified balance sheet. Do not show the components that add up to your answer in requirement 1 but rather show only the line Cash and Cash Equivalents. (Amounts to be deducted should be indicated by a minus sign.)

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Question 3 of 4 Total

The following information is related to Sandhill Company for 2017.

Retained earnings balance, January 1, 2017 $984,980

Sales Revenue 26,208,100

Cost of goods sold 16,176,000

Interest revenue 80,400

Selling and administrative expenses 4,730,800

Write-off of goodwill 822,700

Income taxes for 2017 1,410,700

Gain on the sale of investments 118,000

Loss due to flood damage 398,500

Loss on the disposition of the wholesale division (net of tax) 443,800

Loss on operations of the wholesale division (net of tax) 93,420

Dividends declared on common stock 274,100

Dividends declared on preferred stock 75,970

Sandhill Company decided to discontinue its entire wholesale operations (considered a discontinued operation) and to retain its manufacturing operations. On September 15, Sandhill sold the wholesale operations to Rogers Company. During 2017, there were 494,700 shares of common stock outstanding all year.

Prepare Multiple Step Income Statment and a Statement of Retained Earnings

On February 1, 2010, Marsh Contractors agreed to construct a building at a contract price of $5,800,000. Marsh estimated total construction costs would be $4,000,000 and the project would be finished in 2012. Information relating to the costs and billings for this contract is as follows: 2014 2015 2016 Total costs incurred to date $1,500,000 $2,640,000 $4,600,000 Estimated costs to complete 2,500,000 1,760,000 -0- Customer billings to date 2,200,000 4,000,000 5,600,000 Collections to date 2,000,000 3,500,000 5,500,000

Instructions Fill in the correct amounts on the following schedule.For percentage-of-completion accounting and for completed-contract accounting, show the gross profit that should be recorded for 2010, 2011, and 2012.

Percentage-of-Completion Revenue

2010:

2011:

2012:

Completed-Contract Revenue

2010:

2011:

2012:

Percentage-of-Completion Gross Profit

2010:

2011:

2012:

Completed-Contract Gross Profit

2010:

2011:

2012:

Calculate the Over/Under Billing for:

2010:

2011:

2012:

What would the unadjusted trial balance look like for the following transactions?

Universal Foods issued 14% bonds, dated January 1, with a face amount of $145 million on January 1, 2018 to Wang Communications. The bonds mature on December 31, 2032 (15 years). The market rate of interest for similar issues was 16%. Interest is paid semiannually on June 30 and December 31. Universal uses the straight-line method. Universal Foods sold the entire bond issue to Wang Communications. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.)

Required:
1-3. Prepare the journal entry to record the purchase of the bonds by Wang Communications on January 1, 2018, interest revenue on June 30, 2018 and interest revenue on December 31, 2025. (Enter your answers in whole dollars. If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)