Fundamental accounting principles 23rd edition pdf download

Its leadingedge accounting content paired with state-of-the-art technology supports student learning and elevates understanding of key accounting principles. Fundamental Accounting Principles also delivers innovative technology to help student performance. Less: Withdrawals by owner Assets Cash Accounts receivable Office supplies Office equipment Total assets Cash paid to employees Cash paid for rent Cash paid for telephone expenses Cash paid for miscellaneous expenses Net cash used by operating activities Cash flows from investing activities Purchase of office equipment Net cash used by investing activities Cash flows from financing activities Investments by owner Withdrawals by owner Net cash provided by financing activities Net increase in cash Cash balance, October Accordingly, its performance is assessed as superior to its competitors.

Equity on December 31, Assets Equity on December 31, Equity, December 31, Liabilities on December 31, Assets Net income for Equity, December 31, Less cash withdrawals Plus owner investments Plus net income Equity, December 31, Atlee, Capital, Dec.

Expenses Rent expense Salaries expense Advertising expense Cleaning expense Utilities expense Graham, Capital, May Graham, Capital Cash paid for cleaning Cash paid for telephone Cash paid for utilities Net cash provided by operating activities Cash flows from investing activities Purchase of equipment Cash balance, May Anderson, - H.

Anderson, Capital, December Plus: Investments by owner Electrical equipment Anderson, Capital Cash paid for supplies Purchase of electrical equipment Cash balance, Dec.

Problem A 20 minutes 1. Return on assets equals net income divided by average total assets. Coca-Cola return:. Success in returning net income from the average amount invested is revealed by the return on assets.

Current performance figures suggest that PepsiCo yields a higher return on assets than Coca-Cola. Based on this information alone, we would be better advised to invest in PepsiCo than Coca-Cola.

Nevertheless, we would look for additional information in financial statements and other sources for further guidance. For example, if Coca-Cola could dispose of some assets without curtailing its sales level, it would look more attractive. We would also look for consumer trends, market expansion, competition, product development, and promotion plans. Return on assets is net income divided by the average total assets average amount invested.

Return on assets seems satisfactory for the risk involved in the manufacturing, marketing, and selling of cellular telephones. We know that revenues less expenses equal net income. We know from the accounting equation that total financing liabilities plus equity must equal the total for assets investing. Expected return on your stock investment both dividends and stock price changes. Very low; it is the risk of the financial institution not paying interest and principal.

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