Koch Corporation’s adjusted trial balance contained the following asset accounts at December 31, 2014: Cash $7,000; Land $40,000; Patents $12,500; Accounts Receivable $90,000; Prepaid Insurance $5,200
January 17, 2018
Describe and explain some of the tools and techniques that should be used in source selection. For example, is negotiation the only effective tool for source selection or are there others? a .Contract negotiation, weighing systems, screening systems, and independent estimates are all manners to select appropriate sources. Regardless of the source required, there should be a process to screen suppliers in a way to empirically select a source. This reduces personal bias and other factors from the process.
January 17, 2018

Prepare a classified balance sheet in good form. (List Current Assets in order of liquidity. For Land, Treasury Stock, Notes Payable, Preferred Stock Investments, Notes Receivable, Receivables-Officers, Inventory, Bonds Payable, and Restricted Cash, enter the account name only and do not provide the descriptive information provided in the question.)

Exercise 5-4

Assume that Denis Savard Inc. has the following accounts at the end of the current year.

1.Common Stock14.Accumulated Depreciation-Buildings.
2.Discount on Bonds Payable.15.Cash Restricted for Plant Expansion.
3.Treasury Stock (at cost).16.Land Held for Future Plant Site.
4.Notes Payable (short-term).17.Allowance for Doubtful Accounts.
5.Raw Materials18.Retained Earnings.
6.Preferred Stock (Equity) Investments (long-term).19.Paid-in Capital in Excess of Par-Common Stock.
7.Unearned Rent Revenue.20.Unearned Subscriptions Revenue.
8.Work in Process.21.Receivables-Officers (due in one year).
9.Copyrights.22.Inventory (finished goods).
10.Buildings.23.Accounts Receivable.
11.Notes Receivable (short-term).24.Bonds Payable (due in 4 years).
12.Cash.25.Noncontrolling Interest.
13.Salaries and Wages Payable.

Prepare a classified balance sheet in good form. (List Current Assets in order of liquidity. For Land, Treasury Stock, Notes Payable, Preferred Stock Investments, Notes Receivable, Receivables-Officers, Inventory, Bonds Payable, and Restricted Cash, enter the account name only and do not provide the descriptive information provided in the question.)

 

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