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Exercise A.1: Accounting Equations

Exercise A.1: Accounting Equations. An analyst has compiled the following information regarding JCB, Inc. There have been no distributions to owners. What should be the analyst’s estimate of total assets at year-end?. Exercise A.2: Inventory Costs.

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Exercise A.1: Accounting Equations

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  1. Exercise A.1: Accounting Equations • An analyst has compiled the following information regarding JCB, Inc. • There have been no distributions to owners. What should be the analyst’s estimate of total assets at year-end?

  2. Exercise A.2: Inventory Costs • JCB purchases inventory for resale. During 2008, JCB had the following transactions: • Inventory sales during the year were 5,600 units at $50 per unit. JCB determines that there were 2,000 remaining units of inventory and identified that 1,900 were purchased in the 4th quarter and 100 in 3rd quarter. Show the revenue and expense associated with the transactions.

  3. Exercise A.3: Operating Cash Flow • Based on the following information for JCB, Inc., what are the total net adjustments that the company would make to net income in order to derive operating cash flow?

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