Managerial Accounting, 3rd Edition Loose-Leaf Print Companion
John Wiley & Sons Inc (Verlag)
978-1-119-23407-4 (ISBN)
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Brief Contents iii
Author Biographies iv
Preface v
The Development Story xiii
Acknowledgments xvi
Dedication xvii
Chapter 1 Accounting as a Tool for Management 2
Unit 1.1 What Is Managerial Accounting? 3
Definition of Managerial Accounting 3
Comparison of Managerial and Financial Accounting 4
The Manager’s Role 7
The Managerial Accountant’s Role 10
REALITY CHECK Taking a sales route detour can be a good thing 12
UNIT 1.1 REVIEW 12
Key Terms 12
Practice Questions 12
Unit 1.1 Practice Exercise 13
Selected Unit 1.1 Answers 13
Unit 1.2 Different Strategies, Different Information 14
Matching Accounting Information to an Organization’s Strategy 14
REALITY CHECK What’s the price tag for a new strategy? 15
Market Share: Build, Hold, Harvest, or Divest 16
Monitoring Strategic Performance 16
REALITY CHECK A supply chain touchdown 19
UNIT 1.2 REVIEW 20
Key Terms 20
Practice Questions 20
Unit 1.2 Practice Exercise 21
Selected Unit 1.2 Answers 21
Unit 1.3 Ethical Considerations in
Managerial Accounting 22
REALITY CHECK Blowing the whistle 27
UNIT 1.3 REVIEW 28
Key Terms 28
Practice Questions 28
Unit 1.3 Practice Exercise 28
Selected Unit 1.3 Answers 28
CHAPTER SUMMARY 29
KEY TERMS 29
EXERCISES 30
PROBLEMS 32
CASES 32
ENDNOTES 33
TOPIC FOCUS 1: C&C Sports, Managerial Accounting Context 35
C&C’s History 35
A Brief Look at C&C’s
Resources 37
Industry Statistics 40
TOPIC FOCUS SUMMARY 42
ENDNOTES 42
Chapter 2 Cost Behavior and Cost Estimation 44
Unit 2.1 Cost Behavior Patterns 46
Variable Costs 46
Fixed Costs 48
Discretionary versus Committed Fixed Costs 49
Step Costs 49
Mixed Costs 50
REALITY CHECK If it looks like a variable cost 51
UNIT 2.1 REVIEW 51
Key Terms 51
Practice Questions 52
Unit 2.1 Practice Exercise 52
Selected Unit 2.1 Answers 52
Unit 2.2 Cost Estimation 53
Scattergraphs 54
High-Low Method 56
Regression Analysis 58
REALITY CHECK Where does the relevant range end? 59
Cost Estimation and the Relevant Range 59
UNIT 2.2 REVIEW 60
Key Terms 60
Practice Questions 60
Unit 2.2 Practice Exercise 60
Selected Unit 2.2 Answers 61
Unit 2.3 Contribution Margin Analysis 61
Contribution Margin 62
REALITY CHECK The contribution margin recipe 63
Contribution Format Income Statement 64
UNIT 2.3 REVIEW 67
Key Terms 67
Practice Questions 67
Unit 2.3 Practice Exercise 67
Selected Unit 2.3 Answers 67
CHAPTER SUMMARY 68
KEY TERMS 69
EXERCISES 70
PROBLEMS 74
C&C SPORTS CONTINUING CASE 78
CASES 78
ANALYTICS PROBLEM 79
ENDNOTES 79
Chapter 3 Cost–Volume–Profi t Analysis and Pricing Decisions 80
Unit 3.1 Breakeven Analysis 82
The Breakeven Point 82
REALITY CHECK Who really uses breakeven analysis? 84
Breakeven Graphs 84
Margin of Safety 85
UNIT 3.1 REVIEW 86
Key Terms 86
Practice Questions 86
Unit 3.1 Practice Exercise 87
Selected Unit 3.1 Answers 87
Unit 3.2 Cost–Volume–Profi t
Analysis 88
Target Operating Income 89
Target Net Income 89
What-If Analysis 90
Cost Structure and Operating Leverage 92
REALITY CHECK Fixed versus variable costs 94
UNIT 3.2 REVIEW 95
Key Terms 95
Practice Questions 95
Unit 3.2 Practice Exercise 96
Selected Unit 3.2 Answers 96
Unit 3.3 Multiproduct CVP Analysis 97
REALITY CHECK Mixing it up on a high fl yer 99
UNIT 3.3 REVIEW 101
Key Terms 101
Practice Questions 101
Unit 3.3 Practice Exercise 102
Selected Unit 3.3 Answers 102
Unit 3.4 Pricing Decisions 103
Infl uences on Price 103
Cost-Plus Pricing 104
Target Costing 105
REALITY CHECK Big data brings dynamic pricing strategies 106
UNIT 3.4 REVIEW 107
Key Terms 107
Practice Questions 107
Unit 3.4 Practice Exercise 107
Selected Unit 3.4 Answers 108
CHAPTER SUMMARY 109
KEY TERMS 111
EXERCISES 111
PROBLEMS 118
C&C SPORTS CONTINUING CASE 123
CASES 123
ANALYTICS PROBLEM 126
ENDNOTES 127
Chapter 4 Product Costs and Job Order Costing 128
Unit 4.1 Product and Period Costs 130
Product Costs 130
Direct Materials 131
Direct Labor 132
Overhead 132
Period Costs 133
Selling Costs 133
General and Administrative Costs 134
REALITY CHECK Showing cost classifi cations in published fi nancial statements 135
UNIT 4.1 REVIEW 135
Key Terms 135
Practice Questions 136
Unit 4.1 Practice Exercise 136
Selected Unit 4.1 Answers 137
Unit 4.2 Product Cost Flows 138
Inventory Account Definitions 138
Recording of Cost Flows 140
REALITY CHECK What’s satisfying your sweet tooth going to cost? 143
Schedule of Cost of Goods Manufactured 144
UNIT 4.2 REVIEW 145
Key Terms 145
Practice Questions 145
Unit 4.2 Practice Exercise 146
Selected Unit 4.2 Answers 146
Unit 4.3 Job Order Costing 147
Accumulating Direct Job Costs 148
Allocating Manufacturing Overhead Costs 151
REALITY CHECK Tracking direct labor costs 152
REALITY CHECK Here come the robots 154
UNIT 4.3 REVIEW 155
Key Terms 155
Practice Questions 155
Unit 4.3 Practice Exercise 156
Selected Unit 4.3 Answers 156
Unit 4.4 Underapplied and Overapplied Manufacturing Overhead 157
Closing Underapplied and Overapplied Overhead to Cost of Goods Sold 158
Prorating Underapplied and Overapplied Overhead 159
UNIT 4.4 REVIEW 161
Key Terms 161
Practice Questions 161
Unit 4.4 Practice Exercise 161
Selected Unit 4.4 Answers 161
CHAPTER SUMMARY 163
KEY TERMS 164
EXERCISES 165
PROBLEMS 171
C&C SPORTS CONTINUING CASE 179
CASES 179
ANALYTICS PROBLEM 181
TOPIC FOCUS 2: Process Costing 183
Cost Flows 185
Comparison of Process Costing and Job Order Costing 186
Cost Accumulation and Reporting 188
REALITY CHECK Costs in the oyster bed 192
Process Costing Recap 193
TOPIC FOCUS REVIEW 194
Key Terms 194
Practice Questions 194
Topic Focus 2 Practice Exercise 195
Selected Topic Focus 2 Answers 195
TOPIC FOCUS SUMMARY 196
EXERCISES 197
PROBLEMS 199
CASES 201
ENDNOTES 202
TOPIC FOCUS 3: Variable and Absorption Costing 203
Absorption Costing versus Variable Costing 204
Income Effects of Variable Costing 205
REALITY CHECK Variable costing,
German style 208
Reconciling Income under Absorption Costing and Variable Costing 209
TOPIC FOCUS REVIEW 210
Key Terms 210
Practice Questions 210
Topic Focus 3 Practice Exercise 211
Selected Topic Focus 3 Answers 211
TOPIC FOCUS SUMMARY 213
EXERCISES 213
PROBLEMS 216
CASE 219
Chapter 5 Planning and Forecasting 220
Unit 5.1 Planning and the Budgeting
Process 222
What Is a Budget? 222
The Budgeting Process 223
REALITY CHECK What’s up with the budget? 226
UNIT 5.1 REVIEW 227
Key Terms 227
Practice Questions 227
Unit 5.1 Practice Exercise 228
Selected Unit 5.1 Answers 228
Unit 5.2 Performance Standards 229
REALITY CHECK The diamond standard 230
Ideal versus Practical Standards 230
Product Standards 231
Manufacturing Overhead 234
UNIT 5.2 REVIEW 234
Key Terms 234
Practice Questions 235
Unit 5.2 Practice Exercise 235
Selected Unit 5.2 Answers 235
Unit 5.3 Building the Master Budget: The Operating Budget 236
The Sales Budget 238
The Selling and Administrative Expense Budget 239
The Production Budget 241
The Direct Materials Purchases Budget 242
The Direct Labor Budget 245
The Manufacturing Overhead Budget 246
The Ending Inventory and Cost of Goods Sold Budget 248
REALITY CHECK Is there a crystal ball for forecasting sales? 250
UNIT 5.3 REVIEW 251
Key Terms 251
Practice Questions 251
Unit 5.3 Practice Exercise 252
Selected Unit 5.3 Answers 252
Unit 5.4 Building the Master Budget: The Cash Budget 254
Cash Available to Spend 254
The Cash Receipts Budget 256
Cash Disbursements 257
REALITY CHECK Budgeting around the world 258
Cash Excess (Cash Needed) 260
Short-Term Financing 261
Ending Cash Balance 261
UNIT 5.4 REVIEW 262
Key Terms 262
Practice Questions 262
Unit 5.4 Practice Exercise 263
Selected Unit 5.4 Answers 263
Unit 5.5 Pro-Forma Financial Statements 264
The Pro-Forma Income Statement 265
The Pro-Forma Balance Sheet 266
REALITY CHECK How the pros use pro-formas 267
UNIT 5.5 REVIEW 269
Key Term 269
Practice Questions 269
Unit 5.5 Practice Exercise 269
Selected Unit 5.5 Answers 269
CHAPTER SUMMARY 271
KEY TERMS 273
EXERCISES 273
PROBLEMS 281
C&C SPORTS CONTINUING CASE 284
CASES 284
ANALYTICS PROBLEM 289
ENDNOTES 290
Chapter 6 Performance Evaluation: Variance Analysis 292
Unit 6.1 Flexible Budgets: A Performance Evaluation Tool 294
Static Budgets 294
Flexible Budgets 296
REALITY CHECK Who’s being fl exible? 297
Using Flexible Budgets to Analyze Static Budget Variances 298
Using Variances to Evaluate the Sales Strategy 302
UNIT 6.1 REVIEW 303
Key Terms 303
Practice Questions 304
Unit 6.1 Practice Exercise 304
Selected Unit 6.1 Answers 305
Unit 6.2 Variance Analysis: Direct Materials 306
Analyzing the Direct Materials Variances 307
REALITY CHECK Going nuts over almonds 309
Interpreting Direct Materials Variances 310
REALITY CHECK A variance to remember 312
UNIT 6.2 REVIEW 313
Key Terms 313
Practice Questions 313
Unit 6.2 Practice Exercise 313
Selected Unit 6.2 Answers 314
Unit 6.3 Variance Analysis: Direct Labor 315
Analyzing the Direct Labor Variances 315
Interpreting Direct Labor Variances 317
REALITY CHECK Labor effi ciency strike out 319
UNIT 6.3 REVIEW 320
Key Terms 320
Practice Questions 320
Unit 6.3 Practice Exercise 321
Selected Unit 6.3 Answers 321
Unit 6.4 Variance Analysis: Overhead 322
Variable Overhead 322
Fixed Overhead 325
UNIT 6.4 REVIEW 326
Key Terms 326
Practice Questions 326
Unit 6.4 Practice Exercise 326
Selected Unit 6.4 Answers 327
CHAPTER SUMMARY 328
KEY TERMS 330
EXERCISES 330
PROBLEMS 335
C&C SPORTS CONTINUING CASE 339
CASES 340
ANALYTICS PROBLEM 344
ENDNOTES 344
TOPIC FOCUS 4: Standard Costing Systems 345
Recording Direct Materials 347
Recording Direct Labor 348
Recording Variable Overhead 349
REALITY CHECK Are standard costing systems headed for extinction? 350
Recording Fixed Overhead 351
Transferring Completed Units to
Finished Goods Inventory 352
Recording Cost of Goods Sold 353
Disposing of Variances 353
Advantages of Standard Costing 354
TOPIC FOCUS REVIEW 354
Key Terms 354
Practice Questions 354
Topic Focus 4 Practice Exercise 355
Selected Topic Focus 4 Answers 355
TOPIC FOCUS SUMMARY 358
EXERCISES 359
PROBLEMS 361
Chapter 7 Activity-Based Costing and Activity-Based Management 364
Unit 7.1 Activity-Based Costing 366
Why Activity-Based Costing? 366
Classifi cation of Activities 369
REALITY CHECK At the center of activity 370
UNIT 7.1 REVIEW 372
Key Terms 372
Practice Questions 372
Unit 7.1 Practice Exercise 373
Selected Unit 7.1 Answers 373
Unit 7.2 Developing Activity-Based
Product Costs 374
Step 1: Identify Activities 374
Step 2: Develop Activity Cost Pools 375
Step 3: Calculate Activity Cost Pool Rates 376
Step 4: Allocate Costs to Products or Services 378
Step 5: Calculate Unit Product Costs 379
REALITY CHECK Putting ABC in the recipe for profi tability 380
UNIT 7.2 REVIEW 382
Key Terms 382
Practice Questions 382
Unit 7.2 Practice Exercise 383
Selected Unit 7.2 Answers 384
Unit 7.3 Activity-Based Management 386
Activity Management 386
Process Improvement 388
Reassessment of Product Profi tability 389
REALITY CHECK Even doctors need to know their ABCs 390
Activity-Based Budgeting 391
UNIT 7.3 REVIEW 391
Key Terms 391
Practice Questions 391
Unit 7.3 Practice Exercise 392
Selected Unit 7.3 Answers 392
CHAPTER SUMMARY 394
KEY TERMS 395
EXERCISES 395
PROBLEMS 402
C&C SPORTS CONTINUING CASE 410
CASE 411
ANALYTICS PROBLEM 413
ENDNOTES 413
TOPIC FOCUS 5: Customer Profi tability 415
Identifying Unprofi table Customers 416
Addressing Unprofi table Customers 420
REALITY CHECK Banking on customer profi tability 421
TOPIC FOCUS REVIEW 422
Key Terms 422
Practice Questions 422
Topic Focus 5 Practice Exercise 423
Selected Topic Focus 5 Answers 423
TOPIC FOCUS SUMMARY 425
EXERCISES 425
PROBLEMS 428
ENDNOTES 431
Chapter 8 Using Accounting Information to Make Managerial Decisions 432
Unit 8.1 Identifying Relevant
Information 434
What Is Relevant Information? 434
REALITY CHECK Watch out for big data 435
Relevant Cost Identifi cation: An Example 437
A Relevant Cost Decision Model 438
UNIT 8.1 REVIEW 439
Key Terms 439
Practice Questions 440
Unit 8.1 Practice Exercise 440
Selected Unit 8.1 Answers 440
Unit 8.2 Special Order Pricing 441
Characteristics of a Special Order 441
Relevant Costs of a Special Order 442
REALITY CHECK If the price is right 443
Qualitative Issues in Special Order Pricing 443
Recap of the Decision
Process 445
UNIT 8.2 REVIEW 445
Practice Questions 445
Unit 8.2 Practice Exercise 445
Selected Unit 8.2 Answers 446
Unit 8.3 Outsourcing 446
Outsourcing Defi ned 447
REALITY CHECK It’s time to shore up production 448
A Basic Outsourcing Decision Model 448
Alternative Uses for Facilities 450
Qualitative Issues in Outsourcing 450
Recap of the Decision Process 451
UNIT 8.3 REVIEW 451
Key Terms 451
Practice Questions 452
Unit 8.3 Practice Exercise 452
Selected Unit 8.3 Answers 452
Unit 8.4 Allocating Constrained Resources 453
Contribution Margin per Constrained Resource 454
Allocation of Constrained Resources 456
Theory of Constraints 456
REALITY CHECK Money doesn’t grow on trees 457
Recap of the Decision Process 458
UNIT 8.4 REVIEW 458
Key Terms 458
Practice Questions 458
Unit 8.4 Practice Exercise 459
Selected Unit 8.4 Answers 459
Unit 8.5 Keeping or Eliminating Operations 460
Identifi cation of Common Costs 461
Segment Margin Analysis 462
REALITY CHECK Sometimes less is more 464
Additional Factors to Consider 464
Recap of the Decision Process 465
UNIT 8.5 REVIEW 465
Key Terms 465
Practice Questions 465
Unit 8.5 Practice Exercise 466
Selected Unit 8.5 Answers 466
CHAPTER SUMMARY 468
KEY TERMS 469
EXERCISES 469
PROBLEMS 474
C&C SPORTS CONTINUING CASE 481
CASES 482
ANALYTICS PROBLEM 487
ENDNOTES 487
Chapter 9 Capital Budgeting 488
Unit 9.1 Capital Budgeting Decisions 490
Investing in Capital Assets 490
Making Capital Budgeting Decisions 491
REALITY CHECK How much capital are we talking about? 493
UNIT 9.1 REVIEW 495
Key Terms 495
Practice Questions 495
Unit 9.1 Practice Exercise 495
Selected Unit 9.1 Answers 496
Unit 9.2 Time Value of Money 497
Present Value of $1 497
Present Value of an Annuity 500
REALITY CHECK If you build it, they will stay 502
UNIT 9.2 REVIEW 502
Key Terms 502
Practice Questions 502
Unit 9.2 Practice Exercise 503
Selected Unit 9.2 Answers 503
Unit 9.3 Discounted Cash Flow Techniques 504
Net Present Value 505
REALITY CHECK Don’t discount the choice of a discount rate 507
Internal Rate of Return 510
Screening and Preference Decisions Using NPV and IRR 512
UNIT 9.3 REVIEW 513
Key Terms 513
Practice Questions 514
Unit 9.3 Practice Exercise 514
Selected Unit 9.3 Answers 515
Unit 9.4 Other Capital Budgeting
Techniques 515
Payback Period 516
Accounting Rate of Return 518
REALITY CHECK So many choices, so little money 519
UNIT 9.4 REVIEW 520
Key Terms 520
Practice Questions 520
Unit 9.4 Practice Exercise 520
Selected Unit 9.4 Answers 520
CHAPTER SUMMARY 521
APPENDIX 9-1 523
APPENDIX 9-2 523
KEY TERMS 524
EXERCISES 524
PROBLEMS 528
C&C SPORTS CONTINUING CASE 532
CASES 532
ANALYTICS PROBLEM 534
ENDNOTES 535
Chapter 10 Decentralization and Performance Evaluation 536
Unit 10.1 Centralized versus Decentralized Organizations 538
Why Decentralization? 539
Advantages of Decentralization 539
Disadvantages of Decentralization 540
Responsibility Accounting 540
REALITY CHECK Taking center stage—or not 541
Cost Centers 541
Profi t Centers 542
Investment Centers 542
UNIT 10.1 REVIEW 543
Key Terms 543
Practice Questions 543
Unit 10.1 Practice Exercise 543
Selected Unit 10.1 Answers 544
Unit 10.2 Segment Evaluation 544
Defining a Segment 545
Segment Margin Income Statements 545
REALITY CHECK The whole isn’t always greater than the sum of its parts 546
When Traceable Fixed Costs Become Common Costs 547
Segment Reporting, Segment Margin, and GAAP 547
UNIT 10.2 REVIEW 548
Key Terms 548
Practice Questions 548
Unit 10.2 Practice Exercise 549
Selected Unit 10.2 Answers 549
Unit 10.3 Return on Investment 550
Return on Investment 550
The DuPont Model 552
Shortcomings of Return on Investment 554
REALITY CHECK Getting a healthy ROI 555
UNIT 10.3 REVIEW 556
Key Terms 556
Practice Questions 556
Unit 10.3 Practice Exercise 557
Selected Unit 10.3 Answers 557
Unit 10.4 Residual Income and EVA® 558
Residual Income 558
Shortcomings of Residual Income 559
Economic Value Added (EVA) 559
EVA Compared to Residual Income 561
REALITY CHECK Finding value in compensation 562
UNIT 10.4 REVIEW 562
Key Terms 562
Practice Questions 563
Unit 10.4 Practice Exercise 563
Selected Unit 10.4 Answers 563
Practice Questions 563
Unit 10.4 Practice Exercise 564
Chapter 10 Appendix: Transfer Pricing 564
Selecting a Transfer Price Base 565
REALITY CHECK The taxing transfer 566
Determining the Minimum Transfer Price 567
APPENDIX REVIEW 570
Key Terms 570
Practice Questions 570
Appendix Practice Exercise 570
Selected Appendix Answers 571
CHAPTER SUMMARY 572
KEY TERMS 573
EXERCISES 574
PROBLEMS 580
C&C SPORTS CONTINUING CASE 583
CASES 584
ANALYTICS PROBLEM 585
ENDNOTES 586
Chapter 11 Performance Evaluation Revisited: A Balanced Approach 588
Unit 11.1 Performance Measures 590
Lagging Indicators 590
Leading Indicators 591
Financial versus Nonfi nancial Measures 592
REALITY CHECK Batter up 594
Choosing the Right Measures 594
Using Measures to Drive Performance 595
UNIT 11.1 REVIEW 597
Key Terms 597
Practice Questions 597
Unit 11.1 Practice Exercise 597
Selected Unit 11.1 Answers 597
Unit 11.2 The Balanced Scorecard 598
The Four Balanced Scorecard
Perspectives 599
Learning and Growth Perspective 599
Internal Business Processes Perspective 600
Customer Perspective 601
Financial Perspective 601
Building a Balanced Scorecard 602
C&C Sports’ Strategy Map 603
Learning and Growth Perspective 604
Internal Business Processes Perspective 604
Customer Perspective 604
REALITY CHECK Not your typical balanced scorecard 605
C&C Sports’ Balanced Scorecard 605
UNIT 11.2 REVIEW 607
Key Terms 607
Practice Questions 608
Unit 11.2 Practice Exercise 608
Selected Unit 11.2 Answers 608
Unit 11.3 Benchmarking 609
REALITY CHECK Benchmarking in health care 611
UNIT 11.3 REVIEW 612
Key Terms 612
Practice Questions 612
Unit 11.3 Practice Exercise 612
Selected Unit 11.3 Answers 612
Chapter 11 Appendix: Measures of Meeting Delivery Expectations 613
Delivery Cycle Time 613
Manufacturing Cycle Time and Effi ciency 615
APPENDIX REVIEW 616
Key Terms 616
Practice Questions 616
Appendix Practice Exercise 616
Selected Appendix Answers 617
CHAPTER SUMMARY 618
KEY TERMS 618
EXERCISES 619
PROBLEMS 621
C&C SPORTS CONTINUING CASE 624
CASES 624
ANALYTICS PROBLEM 625
ENDNOTES 626
Chapter 12 Financial Statement Analysis 628
Unit 12.1 Horizontal Analysis of Financial Statements 630
Preparing a Horizontal Analysis 630
Interpreting a Horizontal Analysis 632
Preparing a Trend Analysis 632
REALITY CHECK How to slice an apple 634
UNIT 12.1 REVIEW 634
Key Terms 634
Practice Questions 634
Unit 12.1 Practice Exercise 635
Selected Unit 12.1 Answers 635
Unit 12.2 Common-Size Financial Statements 636
Preparing the Common-Size Balance Sheet 637
Preparing the Common-Size Income Statement 638
Interpreting the Common-Size Statements 639
REALITY CHECK Hospitals suffer from bad debts 639
UNIT 12.2 REVIEW 641
Key Terms 641
Practice Questions 641
Unit 12.2 Practice Exercise 641
Selected Unit 12.2 Answers 642
Unit 12.3 Ratio Analysis 643
Liquidity Ratios 644
REALITY CHECK Cash flow in a global supply chain 647
Leverage Ratios 650
Profitability Ratios 652
Market Measure Ratios 654
Limitations of Financial Statement Analysis 656
UNIT 12.3 REVIEW 656
Key Terms 656
Practice Questions 656
Unit 12.3 Practice Exercise 657
Selected Unit 12.3 Answers 657
Unit 12.4 Industry Analysis 659
Published Industry Ratio Analyses 659
REALITY CHECK Growing strong farms 660
Industry Statistics 660
UNIT 12.4 REVIEW 663
Practice Questions 663
Unit 12.4 Practice Exercise 663
Selected Unit 12.4 Answers 663
CHAPTER SUMMARY 665
KEY TERMS 666
EXERCISES 666
PROBLEMS 671
C&C SPORTS CONTINUING CASE 674
CASES 674
ENDNOTES 679
Chapter 13 Statement of CashFlows 680
Unit 13.1 Categorizing Cash Flows 682
Operating Activities 683
REALITY CHECK What’s in your wallet? 684
Investing Activities 684
Financing Activities 684
UNIT 13.1 REVIEW 686
Key Terms 686
Practice Questions 686
Unit 13.1 Practice Exercise 686
Selected Unit 13.1 Answers 687
Unit 13.2 Cash Flows Provided by Operating Activities: The Indirect Method 688
REALITY CHECK Running out of cash? 692
Unit 13.2 REVIEW 692
Practice Questions 692
Unit 13.2 Practice Exercise 693
Selected Unit 13.2 Answers 693
Unit 13.3 Cash Flows Provided by Investing and Financing Activities 694
Cash Flows Provided by Investing Activities 694
Cash Flows Provided by Financing Activities 696
UNIT 13.3 REVIEW 699
Practice Questions 699
Unit 13.3 Practice Exercise 700
Selected Unit 13.3 Answers 700
Unit 13.4 Constructing and Interpreting the Statement of Cash Flows 701
Analyzing the Statement of Cash Flows 703
UNIT 13.4 REVIEW 704
Practice Questions 704
Unit 13.4 Practice Exercise 705
Selected Unit 13.4 Answers 706
Chapter 13 Appendix: Cash Flows Provided by Operating Activities: The Direct Method 706
Collections from Customers 707
Payments to Suppliers 708
Payments to Employees 709
Payments for Operating Costs 709
Payments for Income Taxes 710
APPENDIX REVIEW 712
Practice Questions 712
Appendix Practice Exercise 712
Selected Appendix Answers 712
CHAPTER SUMMARY 714
KEY TERMS 716
EXERCISES 716
PROBLEMS 722
C&C SPORTS CONTINUING CASE 728
CASE 728
Endnotes 730
Glossary G-1
Company Index CI-1
Subject Index SI-1
| Erscheint lt. Verlag | 27.12.2016 |
|---|---|
| Verlagsort | New York |
| Sprache | englisch |
| Maße | 208 x 269 mm |
| Gewicht | 1344 g |
| Themenwelt | Wirtschaft ► Betriebswirtschaft / Management ► Rechnungswesen / Bilanzen |
| ISBN-10 | 1-119-23407-7 / 1119234077 |
| ISBN-13 | 978-1-119-23407-4 / 9781119234074 |
| Zustand | Neuware |
| Haben Sie eine Frage zum Produkt? |
