ACCOUNTING REVIEW

ANSWER KEY
QUIZ - LIABILITIES/INCOME TAX
THEORIES
D
D
C
C
B
D
D
B
D
C

D
C
D
D
D
D
A
D
B
D

PROBLEMS
210,000 AND
75,000

1,400,000
640,000 AND
800,000
1,485,000
336,000
7,200,000
414,000
5,841,600
0
DISCLOSURE
POSSIBLE LOSS OF
500,000

LIABESTIMATED/CANOT
BE ESTDISCLOSURE
216,000
576,000

4,746,941 AND
283,059

150,000

995,000
1,950,000

375,000
150,000

720,000
1,431,825
211,240
222,000
354,320
131,200 AND
210,304
297,600 AND
9,622,400

3,870,304
942,900
3,210,000
150,000 GAIN
120,000
4,385,000

75,000
300,000
0 AND 450,000
1,800,000
1,020,000
360,000

367,000

862,500

20,250
21,600 AND 64,000
225,000 AND
155,160
600,000 AND

7,600,000
11,607,000
3,090,000

QUIZ- EMPLOYEE BENEFITS, LEASES

114,000
280,000
1,335,000

620,400
204,000
120,000

2,427,000

108,000

245,750

2,232,000
1,005,000
90,000
4,671,000
4,059,000
66,000

116,000 AND
55,000
70,000
0
15,849
12,434
730,264

155,160
2,380,000

109,000

72,000
1,353,000
2,431,500
5,974,650
51,600

5,289,000
28,000
2,050,000
1,350,000
450,000

QUIZ- SHE, HYPERINFLATION, CASH FLOW

73,000
4,955,000
1,850,000
4,976,000
2,000,000 AND 0
400,000
200,000
260,000
126
59.68

44,500 SHARES
476,800
305,000
250,000
25,000
234,000
510,000
204,000
120,000
4,128,000

68,000
(216,000)
1.00
2.40
672,000
375,000
2,725,000
6,000,000
1,200,000
1,600,000
6,475,000
(3,250,000)