C.P.A. Review Answers, Covering Questions and Problems Presented in Book Entitled C.P.A. Review

Accounts payable Accounts receivable Accrued interest adjustment amortized amount annual annuity appraisal assumed bad debts balance bank billed price Blank Manufacturing Company Bond interest bonus book value bricks capital account Capital stock capital surplus carrying value Cash cent column common stock computed consolidated balance-sheet corporation creditors current assets Current liabilities debit December 31 decrease Deduct Deferred charges discount and expense dividends earnings eliminated estimated excess factory finished fixed assets follows goodwill Gross profit income increase inventory issued January labor ledger Less reserve loans machine machinery Merchandise method mortgage Notes payable Notes receivable November old company operations overhead paid par value partners payment period plant preferred stock premium present value profit and loss profit on sales purchase Raw material realized record reserve for depreciation Ronald Press salaries selling expense selling price shares shown sinking fund sold statement stockholders subsidiary taxes Total treasury stock Vouchers