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1、Chapterr11. The Mill Run GGolf & Counntry CClub ddetaills thee folllowingg accoounts in itts finnanciaal staatemennts. (aa) (b) Accoounts payabble annd acccrued liabiilitiees _ _ Accoounts receiivablee _ _ Propperty, plannt, annd equuipmennt _ _ Foodd and beverrage ooperattions revennue _ _ Golff co
2、urrse opperatiions rrevenuue _ _ Inveentoryy _ _ Longg-termm debtt _ _ Offiice annd genneral expennse _ _ Proffessioonal ffees eexpensse _ _ Wagees andd beneefits expennse _ _Instrucctionss.(a) Classiffy eacch of the aabove accouunts aas an assett (A) , liaabilitty(L), stocckholdders equiity (SSE),
3、rrevenuue (R), or expennse (EE) iteem.(b) Classiffy eacch of the aabove accouunts aas a ffinanccing aactiviity (FF), innvestiing acctivitty (I), or operaating activvity (O). IIf youu beliieve aa partticulaar acccount doesnnt fitt in aany off thesse acttivitiies, eexplaiin whyy.2. The folllowinng inf
4、formattion wwas taaken ffrom tthe 20004 fiinanciial sttatemeents oof phaarmaceeuticaal giaant Meerck aand Coo. Alll dolllar ammountss are in miillionns. Rettainedd earnnings, Januuary 11, 20004 $344,142.0 Matterialls andd prodductioon exppense 44,959.8 Marrketinng andd admiinistrrativee expeense 77,
5、346.3 Divvidendds 33,329.1 Salles reevenuee 222,9388.6 Ressearchh and devellopmennt exppense 4,0010.2 Taxx expeense 22.161.1 Othher reevenuee 1,3522.2Instrucctionss.(a) After aanalyzzing tthe daata, ppreparre an incomme staatemennt andd a reetaineed earnnings stateement for tthe yeear ennding Decemm
6、ber 331,20004.(b) Supposee thatt Mercck deccided to reeduce its rresearrch annd devvelopmment eexpensse by 50%. What wouldd be tthe shhort-tterm iimpliccationns? Whhat woould bbe thee longg-termm impllicatiions? How ddo youu thinnk thee stocck marrket wwould reactt?3. Kelloggg Comppany iis thee worl
7、lds leaading produucer oof reaady-too-eat cereaal andd a leeadingg prodducer of grrain-bbased conveeniencce fooods suuch ass frozzen waaffless and cereaal barrs. Thhe folllowinng iteems weere taaken ffrom iits 20004 inncome stateement and bbalancce sheeet. AAll doollarss are in miillionns. _Retaiine
8、d eearninngs $22,701.3 _ Long-term debt $3,8892.6 _Cost of gooods ssold 55,298.7 _ Invenntoriees 6681.0_Seellingg and adminnistraative expennse 2,6344.1 _ Net saless 99,613.9_Caash 417.44 _ AAccounnts paayablee 7767.2_Nootes ppayablle 7099.7 _Commoon stoock 1003.8_Innteresst exppense 3008.6 _ Inccom
9、e ttax exxpensee 4755.3 _ OOther expennse 6.6Instrucctionss.Performm eachh of tthe foollowiing.(a) In eachh casee idenntify whethher thhe iteem is an assset (A), lliabillity (L), sstockhholderrs equiity (SSE), rrevenuue (R), oor exppense (E).(b) Preparee an iincomee stattementt for Kelloogg Coompany
10、y for the yyear eended Decemmber 331, 20004.4. The folllowinng iteems weere taaken ffrom tthe baalancee sheeet of Nike, Inc.(1)Cashh $8288.0 (7) Innventoories $1,6633.6(2)Accoounts receiivablee 22,120.2 (8) Incoome taaxes ppayablle 1188.2(3)Commmon sttock 8900.6 (99) Proopertyy, plaant, aand eqquipm
11、eent 11,586.9(4)Notees payyable 1146.0 (10)RRetainned eaarninggs 3,891.11(5)Otheer asssets 11,722.9 (11)Accouunts ppayablle 7763.8(6)Otheer liaabilitties 2,0881.9 Instrucctionss.Performm eachh of tthe foollowiing.(a) Classiffy eacch of thesee itemms as an assset, liabiility, or sstockhholderrs equitty. (AAll doollarss are in miilli
