Financial Reporting and Analysis

Diana Gomez Corporation, a manufacturer of cowboy boots, provided the following information from its accounting records for the year ended […]

Parque Corporation (a fictional company) applied to Fairview Bank (another fictional company) early in 20X2 for a $400,000 five-year loan

Baines Corporation (a fictional company) manufactures fireplace tools and accessories. It has been prosperous since its incorporation, largely due to

Mastrolia Manufacturing produces pacifiers. The company uses absorption costing for external reporting, but management prefers variable costing for evaluating the

Bravo Wholesalers, Inc., began its business on January 1, 20X1. Information on its inventory purchases and sales during 20X1 follows:

The following information related to Exxon Mobil’s inventories is taken from its 2017 annual report. 3. Miscellaneous Financial Information In

The following information related to Caterpillar’s inventories is taken from its 2015 annual report. Use this information in answering the

Selected information concerning the operation of Kern Company for the year ended December 31, 20X1, is available as follows: Units

1. Refer to the facts in Problem 10-16. Repeat the requirements assuming that Jake uses the FIFO cost flow assumption.

Bourne Company (a fictional company) has the following inventory note in its 20X3 annual report. LIFO revaluations decreased $140 million