Original PDF Accounting What The Numbers Mean 10th Edition PDF
Original PDF Accounting What The Numbers Mean 10th Edition PDF
Original PDF Accounting What The Numbers Mean 10th Edition PDF
accounting
With Connect Plus Accounting for Accounting: What the Numbers Mean, 10e, you receive
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Connect Plus Accounting gives you a complete digital solution that allows you to access
ISBN 978-0-07-802529-7
MHID 0-07-802529-X
www.mhhe.com
Te n t h E d i t i o n
Accounting
What the Numbers Mean
Some ancillaries, including electronic and print components, may not be available to customers outside the
United States.
1 2 3 4 5 6 7 8 9 0 RJE/RJE 1 0 9 8 7 6 5 4 3
ISBN 978-0-07-802529-7
MHID 0-07-802529-X
All credits appearing on page or at the end of the book are considered to be an extension of the copyright page.
Marshall, David H.
Accounting : what the numbers mean / David H. Marshall, Wayne W. McManus, Daniel F. Viele.—
10th ed.
p. cm.
Includes index.
ISBN-13: 978-0-07-802529-7 (alk. paper)
ISBN-10: 0-07-802529-X (alk. paper)
1. Accounting. 2. Managerial accounting. I. McManus, Wayne W. II. Viele, Daniel F. III. Title.
HF5636.M37 2014
657—dc23
2012041059
The Internet addresses listed in the text were accurate at the time of publication. The inclusion of a website does
not indicate an endorsement by the authors or McGraw-Hill, and McGraw-Hill does not guarantee the accuracy
of the information presented at these sites.
www.mhhe.com
David H. Marshall
Wayne W. McManus
Daniel F. Viele
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Marshall continues to be the market-leading text for the Survey of Accounting course,
helping students to succeed through clear and concise writing, a conceptual focus, and
unparalleled technology support.
Clear
Instructors and students alike have praised Accounting: What the Numbers Mean for its
effectiveness in explaining difficult and important accounting concepts to all students,
not just future accountants. Instructors consistently point out that students find this text
much less intimidating and easier to follow than others they have used.
Concise
In concentrating on the basics—what accounting information is, what it means, and
how it is used—Accounting: What the Numbers Mean does not overwhelm students
with encyclopedic detail. The emphasis on discovering what financial statements com-
municate and how to better use them (as well as other pieces of accounting informa-
tion) facilitates student comprehension of the big picture.
Conceptual
Accounting: What the Numbers Mean focuses on helping students understand the
meaning of the numbers in financial statements, their relationship to each other, and
how they are used in evaluation, planning, and control. Technical details are minimized
wherever possible, allowing instructors to highlight the function of financial state-
ments, as opposed to their formation.
Technology
To meet the evolving needs of instructors and students, the tenth edition features a far
more extensive technology support package than ever before. An expanded Online
Learning Center includes a wealth of self-study material for students. McGraw-Hill’s
Connect Accounting lets instructors assign, collect, and grade homework online. In ad-
dition, McGraw-Hill’s Connect Accounting Plus gives students the ability to work with
an integrated eBook while managing and completing homework online.
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The Activity Based Costing Association (ABCA) is an association of companies and organiza-
• FYI
tions with activity-based costing interests. The association conducts benchmarking studies
mar2529X_ch02_032-073.indd 35 to identify practices that improve the overall operations of the members. ABCA’s11/16/12
mission is
3:57 PM
These boxes direct students’ attention to a
to identify “best in class” activity-based costing processes, which lead member companies to
FYI
exceptional performance when implemented. See www.abcbenchmarking.com for additional wide variety of helpful resources available on
information about the objectives, services, and activities of the association.
the Internet for a fresh perspective on how the
concepts they’ve just learned in the managerial
mar2529X_ch02_032-073.indd 37 11/16/12 4:03 PM
Matching Following is a list of the key terms and concepts introduced in the chap-
• Self-Study Material is an additional online resource
ter, along with a list of corresponding definitions. Match the appropriate letter for the
key term or concept to each definition provided (items 1–15). Note that not all key
terms and concepts will be used. Answers are provided at the end of this chapter.
located on the Online Learning Center (www.mhhe.com/
a.
b.
Accumulated depreciation
Balance sheet
i.
j.
Gains
Losses
marshall10e). The quizzes help students test their knowledge
c.
d.
Accrued liabilities
Current assets
k.
l.
Net sales
Cost of goods sold and understanding of chapter concepts. Results are tabulated
e. Current liabilities m. Gross profit
f.
g.
Merchandise inventory
Revenues
n.
o.
Income from operations
Net income
and can be routed to multiple e-mail addresses if necessary.
h. Expenses p. Earnings per share of common stock
LO 2, 3 was $8,000, and dividends of $2,000 were declared and paid during the year.
Required:
Calculate total stockholders’ equity at the end of the year.
to be used as simple in-class demos to highlight key relationships
Mini-Exercise Understanding financial statement relationships Stockholders’ equity totaled
2.2
LO 2, 3
$82,000 at the beginning of the year. During the year, net income was $12,000, dividends
of $3,000 were declared and paid, and $10,000 of common stock was issued at par value.
and calculations or as simple take-home assignments.
Required:
Mini-Exercise
Calculate total stockholders’ equity at the end of the year.
Mini-Exercise
Calculate cost of goods sold, income from operations, income before taxes, and inter-
est expense.
p ((Hint: Exhibit 2-2 mayy be used as a solution model.)) • Problems challenge students to apply what they have
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2.4 Problems
LO 2, 3
Understanding
accounting
income statement relationships During the year, cost of goods
sold was $40,000; income from operations was $38,000; income tax expense was learned. Specific problems are tied to the Campbell’s 2011
All applicable Problems are available with McGraw-Hill’s Connect™
Problem 2.15
Accounting.
Calculate cash available upon liquidation of business Circle-Square, Ltd., is
Annual Report, excerpts of which are included at the
in the process of liquidating and going out of business. The firm’s balance sheet shows
mar2529X_ch02_032-073.indd 60
LO 2, 3, 6
$22,800 in cash, accounts receivable of $114,200, inventory totaling $61,400, plant and
equipment of $265,000, and total liabilities of $305,600. It is estimated that the inventory
11/19/12 2:42 PM
back of the text, bringing a strong, real-world flavor to the
can be disposed of in a liquidation sale for 80 percent of its cost, all but 5 percent of the
accounts receivable can be collected, and plant and equipment can be sold for $190,000. assignment material.
Required:
Calculate the amount of cash that would be available to the owners if the accounts
receivable are collected, the other assets are sold as described, and the liabilities are
paid off in full.
• Cases allow students to think analytically about topics
Problem 2.16
LO 2, 3, 6
Calculate cash available upon liquidation of business Kimber Co. is in the
process of liquidating and going out of business. The firm’s accountant has provided
from the chapter and apply them to business decisions.
the following balance sheet and additional information:
Assets
Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 36,800
• A Continuous Case is provided for Chapters 4,
Accounts receivable . . . . . . . . . . . . . . . . . . . . . . . . . . 125,200
Merchandise inventory. . . . . . . . . . . . . . . . . . . . . . . . .
Total current assets . . . . . . . . . . . . . . . . . . . . . . . . .
229,400
$391,400
6, 8 and 11 to allow the student to link concepts learned
Land . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 102,000
Buildings & equipment. . . . . . . . . . . . . . . . . . . . . . . . .
Less: Accumulated depreciation . . . . . . . . . . . . . . . . . (390,000)
686,000
in earlier chapters to what they learn in later chapters. It
Total land, buildings, & equipment . . . . . . . . . . . . . . 398,000
Total assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $789,400
(continued)
also allows for an understanding of how the material works
together to form a larger picture.
• Icons identify exercises, problems, and cases involving
mar2529X_ch02_032-073.indd 64
accounting
e celx 11/19/12 2:47 PM
Connect Accounting helps students learn more efficiently by providing feedback and practice material when they need
it, where they need it. Connect grades homework automatically and gives immediate feedback on any questions stu-
dents may have missed.
Integrated eBooks
Connect Plus includes a media-rich eBook. With it, you
can share your notes with your students, and they can insert
their own notes, highlight the text, search for specific infor-
mation, and review their materials. Using an eBook with
Connect gives your students a complete digital solution
that allows them to access their materials from any com-
puter. And over time, as more and more students use mo-
bile devices, our eBooks will even enable them to learn on
the go.
Guided Examples
Guided Examples provide narrated, animated, and step-by-step walkthroughs of algorithmic versions of assigned exercises
in Connect Accounting, allowing the student to identify, review, or reinforce the concepts and activities covered in class.
Guided Examples provide immediate feedback and focus on the areas where students need the most guidance.
Instructor Library
The Connect Accounting Instructor Library is your repository for additional resources to improve student engage-
ment in and out of class. You can select and use any asset that enhances your lecture. The Connect Accounting
Instructor Library includes: access to the eBook version of the text, PowerPoint files, Solutions Manual, Instructor
Resource Manual, and Test Bank.
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