WileyPLUS Assignment: Week 5 Assignment

WileyPLUS Assignment: Week 5 Assignment

• Exercise 7-3
• Exercise 12-1
• Problem 12-9A
• Problem 12-10A
• IFRS 13-1
• Problem 13-2A

Exercise 12-1

Analyze the transactions and indicate whether each transaction resulted in a cash flow from operating activities, investing activities, financing activities, or noncash investing and financing activities.

IFRS 13-1

Ling Company reports the following information for the year ended December 31, 2014: sales revenue $1,000,000, cost of goods sold $700,000, operating expenses $200,000, and an unrealized gain on non-trading securities of $75,000. Prepare a statement of comprehensive income using the one-statement approach 

Problem 12-9A

Condensed financial data of Odgers Inc. follow

Problem 12-10A

Condensed financial data of Odgers Inc. follow.

Exercise 7-3

The following control procedures are used in Kelton Company for over-the-counter cash receipts.
 

(a) For each procedure, explain the weakness in internal control and identify the control principle that is violated.