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Chapter 3: The Accounting Information System

Intermediate Accounting (Kieso)
Pages: 78 - 151

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82 Questions for Chapter 3: The Accounting Information System

  1. What differences are there between the trial balance before closing and the trial balance after closing with respect to the following accounts?

    Found on Page 127
  2. Jay Hawk, maintenance supervisor for Boston Insurance Co., has purchased a riding lawnmower and accessories to be used in maintaining the ground and corporate headquarters. He has sent the following information to the accounting department.

    Found on Page 127
  3. Listed below are the transactions of Yasunari Kawabata, D.D.S., for the month of September.

    Found on Page 138
  4. Mason Advertising was founded in January 2013. Presented below are adjusted and unadjusted trial balances as of December 31, 2017.

    Found on Page 138
  5. The following trial balance of Watteau Co. does not balance:

    Found on Page 78
  6. Becker Ltd. is planning to adopt IFRS and prepare its first IFRS financial statements at December 31, 2018. What is the date of Becker’s opening balance sheet, assuming one year of comparative information? What periods will be covered in Becker’s first IFRS financial statements?

    Found on Page 150
  7. When converting to IFRS, a company must:

    Found on Page 150
  8. EXCEL (Adjusting Entries) The ledger of Duggan Rental Agency on March 31 of the current year includes the following selected accounts before adjusting entries have been prepared.

    Found on Page 131
  9. The purpose of presenting comparative information in the

    Found on Page 150
  10. The financial statements of (M&S) are presented in Appendix E. The company's complete annual report, including the notes to the financial statements, is available online.

    Found on Page 151

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