Accounting Problems

Multiple Choice: 2 points each. Place your answers in the table below using CAPITAL LETTERS.

1.		11.		21.
2.		12.		22.
3.		13.		23.
4.		14.		24.
5.		15.		25.
6.		16.
7.		17.
8.		18.
9.		19.
10.		20.

26. Points = 15

a)

Date	Account Description	Debit	Credit

26. b) Fill in the amount that would appear in the stockholders' equity

section for Klein Corporation at December 31, 2013, for the

following items:

1. Common stock $____________

2. Number of shares outstanding ____________

3. Par value per share $____________

4. Paid-in capital in excess of par $____________

5. Retained earnings $____________

6. Total stockholders' equity $____________

27. Points = 10

Date	Account Description	Debit	Credit

28. Points = 15

1. Current ratio. ________________________

2. Working capital. _________________________

3. Acid-test ratio. _________________________

4. Receivables turnover.__________________________

5. Inventory turnover. ___________________________

29. Points = 10

Prepare the net cash provided by operating activities section of the company's statement of cash flows for the current year, using the indirect method.

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