Accounting

Name:

Question 1: 30% points

a. General Journal Entries:

Date	Account	Debit	Credit

Answer.Sheet.Page.1.of.6 Final-Exam

b. Partial Classified Balance Sheet:

Flotsam Corporation
Balance Sheet (partial)
December 31, 2015

Question 2: 5% points

a. General Journal Entries:

Date	Account	Debit	Credit

b. Stock Investments Accounts Balance 12/31/15:

Answer.Sheet.Page.2.of.6 Final-Exam

Question 3: 10% points:

Flotsam Corporation
Statement of Cash Flows
For the Year Ended December 31, 2015

Answer.Sheet.Page.3.of.6 Final-Exam

Question 4: 15% points:

Date	Account	Debit	Credit

Answer.Sheet.Page.4.of.6 Final-Exam

Question 5: 10% points:

a.1.	Breakeven Sales Dollars
a.2.	Breakeven Units
b.1.	Breakeven Sales Dollars
b.2.	Breakeven Units
c.	Operating Income

Question 6: 5% points:

Jetsam Enterprises
Incremental Analysis
Special Order

Question 7: 6% points:

Flub Inc.
Incremental Analysis
To Produce or Buy
	Produce	Buy

Answer.Sheet.Page.5.of.6 Final-Exam

Multiple choice questions allocated 1% point each: Make your selection by indicating the letter corresponding to your answer.

Question Number	Answer	Question Number	Answer
8:		18:
9:		19:
10:		20:
11:		21:
12:		22:
13:		23:
14:		24:
15:		25:
16:		26:
17:		27:

Answer.Sheet.Page.6.of.6 Final-Exam