Wang co. has delivery equipment that cost $50,000 and has been depreciated $24,000.

Print Assignment: Assignment: Week 2 Assignment ::true function doOnload() { window.focus(); } function doOnunload() {} Description / Instructions: Complete the following Week 2 Assignment in WileyPLUS: * Problem 8-3A * Brief Exercise 9-11 * DO IT! 9-5 * Exercise 9-7 * Exercise 9-8 * BYP 9-1 * BYP 9.2 * Problem 9-2A var tablesArray = new Array(); var changeValueLabelsArray = new Array(); function hideTablesForPreview(){ } Brief Exercise 9-11 var qID = "quest2377694entrance1"; var qIDselected_question = "quest2377694"; // function doOnload() { window.focus(); } function doOnunload() { closeWindows(); } // Get OS. If OS is unknown - work as it is Windows. function getOS() { with (navigator) { if (parseInt(appVersion.substring(0,2)) >= 4) { if (appVersion.indexOf('Win')!=-1) { return 0; } else if (appVersion.indexOf('Mac')!=-1) { return 1; } else { return 0; } } else { return 0; } } } // enable/disable significant digits, choose tolerance level(assignment/item) function setPolicies(in_id) { var forma = document.forms.forma; forma.set_question_policy.value="true"; forma.submit(); } function qhelp(in_url) { var winUrl = in_url; var winName = "winItemHelp" var winParam = getParamsString(600, 400, 0, 0) + ",resizable=yes" + ",copyhistory=no" + ",directories=no" + ",location=no" + ",menubar=no" + ",scrollbars=yes" + ",status=no" + ",toolbar=no"; closeWindow(winName); createWindow(winUrl,winName,winParam); } function showHint(in_item) { var winUrl = "qhint.uni?itemid=" + in_item; var winName = "winItemHint" + in_item; var winParam = getParamsString(650, 400, 0, 0) + ",resizable=yes" + ",copyhistory=no" + ",directories=no" + ",location=no" + ",menubar=no" + ",scrollbars=yes" + ",status=no" + ",toolbar=no"; createWindow(winUrl,winName,winParam); } function showChart(in_item) { var winUrl = "qchart.uni?itemid=" + in_item; var winName = "winItemChart" + in_item; var winParam = getParamsString(650, 400, 0, 0) + ",resizable=yes" + ",copyhistory=no" + ",directories=no" + ",location=no" + ",menubar=no" + ",scrollbars=yes" + ",status=no" + ",toolbar=no"; createWindow(winUrl,winName,winParam); } function showSolution(in_item){ var winUrl = "qsolution.uni?itemid=" + in_item; var winName = "winItemSolution" + in_item; var winParam = getParamsString(650, 400, 0, 0) + ",resizable=yes" + ",copyhistory=no" + ",directories=no" + ",location=no" + ",menubar=no" + ",scrollbars=yes" + ",status=no" + ",toolbar=no"; createWindow(winUrl,winName,winParam); } function showSolutionTutor(in_item) { var winUrl = "qsolution_tutor.uni?itemid=" + in_item; var winName = "winItemSolution" + in_item; var winParam = getParamsString(600, 400, 0, 0) + ",resizable=yes" + ",copyhistory=no" + ",directories=no" + ",location=no" + ",menubar=yes" + ",scrollbars=yes" + ",status=no" + ",toolbar=no"; createWindow(winUrl,winName,winParam); } function showAnswer(in_item) { var winUrl = "qanswer.uni?itemid=" + in_item; var winName = "winItemAnswer" + in_item; var winParam = getParamsString(640, 440, 0, 0) + ",resizable=yes" + ",copyhistory=no" + ",directories=no" + ",location=no" + ",menubar=no" + ",scrollbars=yes" + ",status=no" + ",toolbar=no"; createWindow(winUrl,winName,winParam); } function changeValues() { with(document.forms.forma) { newval.value = "-change-values"; submit(); } } // view item in pop-up window function viewResource(in_resource) { var winUrl = "../../../shared/resource/view_resource.uni?id=" + in_resource; var winName = "REFERENCE"; var winParam = getParamsString(700, 500, 0, 0) + ",resizable=yes" + ",copyhistory=no" + ",directories=no" + ",location=no" + ",menubar=no" + ",scrollbars=yes" + ",status=yes" + ",toolbar=no"; if (isWindow("REFERENCE")) { replaceWindow(winUrl, winName); } else { createWindow(winUrl, winName, winParam); } } //**************************************** // reference window open / reopen //**************************************** function callRefWin(in_url) { var winUrl = in_url; var winName = "REFERENCE"; var winParam = getParamsString(700, 500, 0, 0) + ",resizable=yes" + ",copyhistory=no" + ",directories=no" + ",location=no" + ",menubar=no" + ",scrollbars=yes" + ",status=no" + ",toolbar=no"; if (isWindow("REFERENCE")) { replaceWindow(winUrl, winName); } else { createWindow(winUrl, winName, winParam); } } //************************************************** // xlinkobject (outer human-friendly links ) // also used for links to ilw and cs //************************************************** function xlinkobject(in_linkid) { if (in_linkid.indexOf("rsd") != -1) { var idres = in_linkid; viewResource(idres); } else { var winUrl = "/edugen/player/references/index.uni?mode=help" + "&xlinkobject=" + in_linkid; callRefWin(winUrl); } } //************************************************** // pageURL (links with known URL) //************************************************** function pageURL(in_url){ var s_url = "/edugen/player/references/index.uni?mode=help&pageURL="+ in_url; callRefWin(s_url); } function openPractice(in_linkid) { // do not delete the function } function selfClose() { self.close(); } function sdenableChange(in_checked, in_id) { with(document.forms.forma) { if(in_checked) elements["sdenable_" + in_id].value = "1"; else elements["sdenable_" + in_id].value = "0"; } } function toleranceLevelChange(in_checked, in_id) { with(document.forms.forma) { if(in_checked) elements["tolerance_level_" + in_id].value = "question"; else elements["tolerance_level_" + in_id].value = "assignment"; } } function getPoolItem(in_obj){ var poolid = document.forms.forma.poolid.value; self.location.replace("qpreview.uni?poolid="+poolid+"&question_policy=&id=" + in_obj.options[in_obj.selectedIndex].value); } function open_wimba(in_operation, in_classID, in_userID, in_agID, in_questionID, in_partID, in_attemptNum, in_attemptId, in_frameid) { var el = document.getElementById("div_" + in_frameid); if(el!=null){ el.style.display = "block"; } with(document.getElementById(in_frameid)){ src="/edugen/wileyvt?operation="+in_operation+"&classid="+in_classID+"&userid="+in_userID+"&agid="+in_agID+"&qid="+in_questionID+"&partid="+in_partID+"&anum="+in_attemptNum+"&attempt="+in_attemptId;e width="240px"; height= el==null ? "48px" : "130px"; } } // Question 1 beforeUnloadInterceptForLinks("a:not('.switcher_inside_question_marker_class,o [target]')"); // jQuery(document).ready( function (){ topWindow.isTimeReached = false; topWindow.isUserSwitchesWithinAssignment = false; topWindow.isLogoutPressed = false; topWindow.isUserSwitchesMode = false; topWindow.existsNonClosedQuestion = []; topWindow.removeOnBeforeUnLoad = removeOnBeforeUnLoad; topWindow.questionPlayerWindow = window; topWindow.isMiddleware = '' != ''; topWindow.appWebRoot = '/edugen'; } ); // Suppose Nike, Inc. reported the following plant assets and intangible assets for the year ended May 31, 2014 (in millions): other plant assets $965.8; land $221.6; patents and trademarks (at cost) $515.1; machinery and equipment $2,094.3; buildings $974; goodwill (at cost) $193.5; accumulated amortization $47.7; and accumulated depreciation $2,298. Prepare a partial balance sheet for Nike for these items. (List Property, Plant and Equipment in order of Land, Buildings and Equipment.) NIKE, INC. Partial Balance Sheet As of May 31, 2014 (in millions) $ $ : $ : Warning Don't show me this message again for the assignment Ok Cancel Do It! Review 9-5 var qID = "quest2377704entrance1"; var qIDselected_question = "quest2377704"; // function doOnload() { window.focus(); } function doOnunload() { closeWindows(); } // Get OS. If OS is unknown - work as it is Windows. function getOS() { with (navigator) { if (parseInt(appVersion.substring(0,2)) >= 4) { if (appVersion.indexOf('Win')!=-1) { return 0; } else if (appVersion.indexOf('Mac')!=-1) { return 1; } else { return 0; } } else { return 0; } } } // enable/disable significant digits, choose tolerance level(assignment/item) function setPolicies(in_id) { var forma = document.forms.forma; forma.set_question_policy.value="true"; forma.submit(); } function qhelp(in_url) { var winUrl = in_url; var winName = "winItemHelp" var winParam = getParamsString(600, 400, 0, 0) + ",resizable=yes" + ",copyhistory=no" + ",directories=no" + ",location=no" + ",menubar=no" + ",scrollbars=yes" + ",status=no" + ",toolbar=no"; closeWindow(winName); createWindow(winUrl,winName,winParam); } function showHint(in_item) { var winUrl = "qhint.uni?itemid=" + in_item; var winName = "winItemHint" + in_item; var winParam = getParamsString(650, 400, 0, 0) + ",resizable=yes" + ",copyhistory=no" + ",directories=no" + ",location=no" + ",menubar=no" + ",scrollbars=yes" + ",status=no" + ",toolbar=no"; createWindow(winUrl,winName,winParam); } function showChart(in_item) { var winUrl = "qchart.uni?itemid=" + in_item; var winName = "winItemChart" + in_item; var winParam = getParamsString(650, 400, 0, 0) + ",resizable=yes" + ",copyhistory=no" + ",directories=no" + ",location=no" + ",menubar=no" + ",scrollbars=yes" + ",status=no" + ",toolbar=no"; createWindow(winUrl,winName,winParam); } function showSolution(in_item){ var winUrl = "qsolution.uni?itemid=" + in_item; var winName = "winItemSolution" + in_item; var winParam = getParamsString(650, 400, 0, 0) + ",resizable=yes" + ",copyhistory=no" + ",directories=no" + ",location=no" + ",menubar=no" + ",scrollbars=yes" + ",status=no" + ",toolbar=no"; createWindow(winUrl,winName,winParam); } function showSolutionTutor(in_item) { var winUrl = "qsolution_tutor.uni?itemid=" + in_item; var winName = "winItemSolution" + in_item; var winParam = getParamsString(600, 400, 0, 0) + ",resizable=yes" + ",copyhistory=no" + ",directories=no" + ",location=no" + ",menubar=yes" + ",scrollbars=yes" + ",status=no" + ",toolbar=no"; createWindow(winUrl,winName,winParam); } function showAnswer(in_item) { var winUrl = "qanswer.uni?itemid=" + in_item; var winName = "winItemAnswer" + in_item; var winParam = getParamsString(640, 440, 0, 0) + ",resizable=yes" + ",copyhistory=no" + ",directories=no" + ",location=no" + ",menubar=no" + ",scrollbars=yes" + ",status=no" + ",toolbar=no"; createWindow(winUrl,winName,winParam); } function changeValues() { with(document.forms.forma) { newval.value = "-change-values"; submit(); } } // view item in pop-up window function viewResource(in_resource) { var winUrl = "../../../shared/resource/view_resource.uni?id=" + in_resource; var winName = "REFERENCE"; var winParam = getParamsString(700, 500, 0, 0) + ",resizable=yes" + ",copyhistory=no" + ",directories=no" + ",location=no" + ",menubar=no" + ",scrollbars=yes" + ",status=yes" + ",toolbar=no"; if (isWindow("REFERENCE")) { replaceWindow(winUrl, winName); } else { createWindow(winUrl, winName, winParam); } } //**************************************** // reference window open / reopen //**************************************** function callRefWin(in_url) { var winUrl = in_url; var winName = "REFERENCE"; var winParam = getParamsString(700, 500, 0, 0) + ",resizable=yes" + ",copyhistory=no" + ",directories=no" + ",location=no" + ",menubar=no" + ",scrollbars=yes" + ",status=no" + ",toolbar=no"; if (isWindow("REFERENCE")) { replaceWindow(winUrl, winName); } else { createWindow(winUrl, winName, winParam); } } //************************************************** // xlinkobject (outer human-friendly links ) // also used for links to ilw and cs //************************************************** function xlinkobject(in_linkid) { if (in_linkid.indexOf("rsd") != -1) { var idres = in_linkid; viewResource(idres); } else { var winUrl = "/edugen/player/references/index.uni?mode=help" + "&xlinkobject=" + in_linkid; callRefWin(winUrl); } } //************************************************** // pageURL (links with known URL) //************************************************** function pageURL(in_url){ var s_url = "/edugen/player/references/index.uni?mode=help&pageURL="+ in_url; callRefWin(s_url); } function openPractice(in_linkid) { // do not delete the function } function selfClose() { self.close(); } function sdenableChange(in_checked, in_id) { with(document.forms.forma) { if(in_checked) elements["sdenable_" + in_id].value = "1"; else elements["sdenable_" + in_id].value = "0"; } } function toleranceLevelChange(in_checked, in_id) { with(document.forms.forma) { if(in_checked) elements["tolerance_level_" + in_id].value = "question"; else elements["tolerance_level_" + in_id].value = "assignment"; } } function getPoolItem(in_obj){ var poolid = document.forms.forma.poolid.value; self.location.replace("qpreview.uni?poolid="+poolid+"&question_policy=&id=" + in_obj.options[in_obj.selectedIndex].value); } function open_wimba(in_operation, in_classID, in_userID, in_agID, in_questionID, in_partID, in_attemptNum, in_attemptId, in_frameid) { var el = document.getElementById("div_" + in_frameid); if(el!=null){ el.style.display = "block"; } with(document.getElementById(in_frameid)){ src="/edugen/wileyvt?operation="+in_operation+"&classid="+in_classID+"&userid="+in_userID+"&agid="+in_agID+"&qid="+in_questionID+"&partid="+in_partID+"&anum="+in_attemptNum+"&attempt="+in_attemptId;k width="240px"; height= el==null ? "48px" : "130px"; } } // Question 2 beforeUnloadInterceptForLinks("a:not('.switcher_inside_question_marker_class, [target]')"); // jQuery(document).ready( function (){ topWindow.isTimeReached = false; topWindow.isUserSwitchesWithinAssignment = false; topWindow.isLogoutPressed = false; topWindow.isUserSwitchesMode = false; topWindow.existsNonClosedQuestion = []; topWindow.removeOnBeforeUnLoad = removeOnBeforeUnLoad; topWindow.questionPlayerWindow = window; topWindow.isMiddleware = '' != ''; topWindow.appWebRoot = '/edugen'; } ); // Match the statement with the term most directly associated with it. 1. Rights, privileges, and competitive advantages that result from the ownership of long-lived assets that do not possess physical substance. 2. The allocation of the cost of an intangible asset to expense in a rational and systematic manner. 3. A right to sell certain products or services, or use certain trademarks or trade names within a designated geographic area. 4. Costs incurred by a company that often lead to patents or new products. These costs must be expensed as incurred. 5. The excess of the cost of a company over the fair value of the net assets required. Warning Don't show me this message again for the assignment Ok Cancel Exercise 9-7 var qID = "quest2377714entrance1"; var qIDselected_question = "quest2377714"; // function doOnload() { window.focus(); } function doOnunload() { closeWindows(); } // Get OS. If OS is unknown - work as it is Windows. function getOS() { with (navigator) { if (parseInt(appVersion.substring(0,2)) >= 4) { if (appVersion.indexOf('Win')!=-1) { return 0; } else if (appVersion.indexOf('Mac')!=-1) { return 1; } else { return 0; } } else { return 0; } } } // enable/disable significant digits, choose tolerance level(assignment/item) function setPolicies(in_id) { var forma = document.forms.forma; forma.set_question_policy.value="true"; forma.submit(); } function qhelp(in_url) { var winUrl = in_url; var winName = "winItemHelp" var winParam = getParamsString(600, 400, 0, 0) + ",resizable=yes" + ",copyhistory=no" + ",directories=no" + ",location=no" + ",menubar=no" + ",scrollbars=yes" + ",status=no" + ",toolbar=no"; closeWindow(winName); createWindow(winUrl,winName,winParam); } function showHint(in_item) { var winUrl = "qhint.uni?itemid=" + in_item; var winName = "winItemHint" + in_item; var winParam = getParamsString(650, 400, 0, 0) + ",resizable=yes" + ",copyhistory=no" + ",directories=no" + ",location=no" + ",menubar=no" + ",scrollbars=yes" + ",status=no" + ",toolbar=no"; createWindow(winUrl,winName,winParam); } function showChart(in_item) { var winUrl = "qchart.uni?itemid=" + in_item; var winName = "winItemChart" + in_item; var winParam = getParamsString(650, 400, 0, 0) + ",resizable=yes" + ",copyhistory=no" + ",directories=no" + ",location=no" + ",menubar=no" + ",scrollbars=yes" + ",status=no" + ",toolbar=no"; createWindow(winUrl,winName,winParam); } function showSolution(in_item){ var winUrl = "qsolution.uni?itemid=" + in_item; var winName = "winItemSolution" + in_item; var winParam = getParamsString(650, 400, 0, 0) + ",resizable=yes" + ",copyhistory=no" + ",directories=no" + ",location=no" + ",menubar=no" + ",scrollbars=yes" + ",status=no" + ",toolbar=no"; createWindow(winUrl,winName,winParam); } function showSolutionTutor(in_item) { var winUrl = "qsolution_tutor.uni?itemid=" + in_item; var winName = "winItemSolution" + in_item; var winParam = getParamsString(600, 400, 0, 0) + ",resizable=yes" + ",copyhistory=no" + ",directories=no" + ",location=no" + ",menubar=yes" + ",scrollbars=yes" + ",status=no" + ",toolbar=no"; createWindow(winUrl,winName,winParam); } function showAnswer(in_item) { var winUrl = "qanswer.uni?itemid=" + in_item; var winName = "winItemAnswer" + in_item; var winParam = getParamsString(640, 440, 0, 0) + ",resizable=yes" + ",copyhistory=no" + ",directories=no" + ",location=no" + ",menubar=no" + ",scrollbars=yes" + ",status=no" + ",toolbar=no"; createWindow(winUrl,winName,winParam); } function changeValues() { with(document.forms.forma) { newval.value = "-change-values"; submit(); } } // view item in pop-up window function viewResource(in_resource) { var winUrl = "../../../shared/resource/view_resource.uni?id=" + in_resource; var winName = "REFERENCE"; var winParam = getParamsString(700, 500, 0, 0) + ",resizable=yes" + ",copyhistory=no" + ",directories=no" + ",location=no" + ",menubar=no" + ",scrollbars=yes" + ",status=yes" + ",toolbar=no"; if (isWindow("REFERENCE")) { replaceWindow(winUrl, winName); } else { createWindow(winUrl, winName, winParam); } } //**************************************** // reference window open / reopen //**************************************** function callRefWin(in_url) { var winUrl = in_url; var winName = "REFERENCE"; var winParam = getParamsString(700, 500, 0, 0) + ",resizable=yes" + ",copyhistory=no" + ",directories=no" + ",location=no" + ",menubar=no" + ",scrollbars=yes" + ",status=no" + ",toolbar=no"; if (isWindow("REFERENCE")) { replaceWindow(winUrl, winName); } else { createWindow(winUrl, winName, winParam); } } //************************************************** // xlinkobject (outer human-friendly links ) // also used for links to ilw and cs //************************************************** function xlinkobject(in_linkid) { if (in_linkid.indexOf("rsd") != -1) { var idres = in_linkid; viewResource(idres); } else { var winUrl = "/edugen/player/references/index.uni?mode=help" + "&xlinkobject=" + in_linkid; callRefWin(winUrl); } } //************************************************** // pageURL (links with known URL) //************************************************** function pageURL(in_url){ var s_url = "/edugen/player/references/index.uni?mode=help&pageURL="+ in_url; callRefWin(s_url); } function openPractice(in_linkid) { // do not delete the function } function selfClose() { self.close(); } function sdenableChange(in_checked, in_id) { with(document.forms.forma) { if(in_checked) elements["sdenable_" + in_id].value = "1"; else elements["sdenable_" + in_id].value = "0"; } } function toleranceLevelChange(in_checked, in_id) { with(document.forms.forma) { if(in_checked) elements["tolerance_level_" + in_id].value = "question"; else elements["tolerance_level_" + in_id].value = "assignment"; } } function getPoolItem(in_obj){ var poolid = document.forms.forma.poolid.value; self.location.replace("qpreview.uni?poolid="+poolid+"&question_policy=&id=" + in_obj.options[in_obj.selectedIndex].value); } function open_wimba(in_operation, in_classID, in_userID, in_agID, in_questionID, in_partID, in_attemptNum, in_attemptId, in_frameid) { var el = document.getElementById("div_" + in_frameid); if(el!=null){ el.style.display = "block"; } with(document.getElementById(in_frameid)){ src="/edugen/wileyvt?operation="+in_operation+"&classid="+in_classID+"&userid="+in_userID+"&agid="+in_agID+"&qid="+in_questionID+"&partid="+in_partID+"&anum="+in_attemptNum+"&attempt="+in_attemptId;" width="240px"; height= el==null ? "48px" : "130px"; } } // Question 3 beforeUnloadInterceptForLinks("a:not('.switcher_inside_question_marker_class,e [target]')"); // jQuery(document).ready( function (){ topWindow.isTimeReached = false; topWindow.isUserSwitchesWithinAssignment = false; topWindow.isLogoutPressed = false; topWindow.isUserSwitchesMode = false; topWindow.existsNonClosedQuestion = []; topWindow.removeOnBeforeUnLoad = removeOnBeforeUnLoad; topWindow.questionPlayerWindow = window; topWindow.isMiddleware = '' != ''; topWindow.appWebRoot = '/edugen'; } ); // Wang Co. has delivery equipment that cost $50,000 and has been depreciated $24,000. Record entries for the disposal under the following assumptions. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) (a)It was scrapped as having no value. (b)It was sold for $37,000. (c)It was sold for $20,000. No. Account Titles and Explanation Debit Credit (a) (b) (c) Warning Don't show me this message again for the assignment Ok Cancel Exercise 9-8 var qID = "quest2377715entrance1"; var qIDselected_question = "quest2377715"; // function doOnload() { window.focus(); } function doOnunload() { closeWindows(); } // Get OS. If OS is unknown - work as it is Windows. function getOS() { with (navigator) { if (parseInt(appVersion.substring(0,2)) >= 4) { if (appVersion.indexOf('Win')!=-1) { return 0; } else if (appVersion.indexOf('Mac')!=-1) { return 1; } else { return 0; } } else { return 0; } } } // enable/disable significant digits, choose tolerance level(assignment/item) function setPolicies(in_id) { var forma = document.forms.forma; forma.set_question_policy.value="true"; forma.submit(); } function qhelp(in_url) { var winUrl = in_url; var winName = "winItemHelp" var winParam = getParamsString(600, 400, 0, 0) + ",resizable=yes" + ",copyhistory=no" + ",directories=no" + ",location=no" + ",menubar=no" + ",scrollbars=yes" + ",status=no" + ",toolbar=no"; closeWindow(winName); createWindow(winUrl,winName,winParam); } function showHint(in_item) { var winUrl = "qhint.uni?itemid=" + in_item; var winName = "winItemHint" + in_item; var winParam = getParamsString(650, 400, 0, 0) + ",resizable=yes" + ",copyhistory=no" + ",directories=no" + ",location=no" + ",menubar=no" + ",scrollbars=yes" + ",status=no" + ",toolbar=no"; createWindow(winUrl,winName,winParam); } function showChart(in_item) { var winUrl = "qchart.uni?itemid=" + in_item; var winName = "winItemChart" + in_item; var winParam = getParamsString(650, 400, 0, 0) + ",resizable=yes" + ",copyhistory=no" + ",directories=no" + ",location=no" + ",menubar=no" + ",scrollbars=yes" + ",status=no" + ",toolbar=no"; createWindow(winUrl,winName,winParam); } function showSolution(in_item){ var winUrl = "qsolution.uni?itemid=" + in_item; var winName = "winItemSolution" + in_item; var winParam = getParamsString(650, 400, 0, 0) + ",resizable=yes" + ",copyhistory=no" + ",directories=no" + ",location=no" + ",menubar=no" + ",scrollbars=yes" + ",status=no" + ",toolbar=no"; createWindow(winUrl,winName,winParam); } function showSolutionTutor(in_item) { var winUrl = "qsolution_tutor.uni?itemid=" + in_item; var winName = "winItemSolution" + in_item; var winParam = getParamsString(600, 400, 0, 0) + ",resizable=yes" + ",copyhistory=no" + ",directories=no" + ",location=no" + ",menubar=yes" + ",scrollbars=yes" + ",status=no" + ",toolbar=no"; createWindow(winUrl,winName,winParam); } function showAnswer(in_item) { var winUrl = "qanswer.uni?itemid=" + in_item; var winName = "winItemAnswer" + in_item; var winParam = getParamsString(640, 440, 0, 0) + ",resizable=yes" + ",copyhistory=no" + ",directories=no" + ",location=no" + ",menubar=no" + ",scrollbars=yes" + ",status=no" + ",toolbar=no"; createWindow(winUrl,winName,winParam); } function changeValues() { with(document.forms.forma) { newval.value = "-change-values"; submit(); } } // view item in pop-up window function viewResource(in_resource) { var winUrl = "../../../shared/resource/view_resource.uni?id=" + in_resource; var winName = "REFERENCE"; var winParam = getParamsString(700, 500, 0, 0) + ",resizable=yes" + ",copyhistory=no" + ",directories=no" + ",location=no" + ",menubar=no" + ",scrollbars=yes" + ",status=yes" + ",toolbar=no"; if (isWindow("REFERENCE")) { replaceWindow(winUrl, winName); } else { createWindow(winUrl, winName, winParam); } } //**************************************** // reference window open / reopen //**************************************** function callRefWin(in_url) { var winUrl = in_url; var winName = "REFERENCE"; var winParam = getParamsString(700, 500, 0, 0) + ",resizable=yes" + ",copyhistory=no" + ",directories=no" + ",location=no" + ",menubar=no" + ",scrollbars=yes" + ",status=no" + ",toolbar=no"; if (isWindow("REFERENCE")) { replaceWindow(winUrl, winName); } else { createWindow(winUrl, winName, winParam); } } //************************************************** // xlinkobject (outer human-friendly links ) // also used for links to ilw and cs //************************************************** function xlinkobject(in_linkid) { if (in_linkid.indexOf("rsd") != -1) { var idres = in_linkid; viewResource(idres); } else { var winUrl = "/edugen/player/references/index.uni?mode=help" + "&xlinkobject=" + in_linkid; callRefWin(winUrl); } } //************************************************** // pageURL (links with known URL) //************************************************** function pageURL(in_url){ var s_url = "/edugen/player/references/index.uni?mode=help&pageURL="+ in_url; callRefWin(s_url); } function openPractice(in_linkid) { // do not delete the function } function selfClose() { self.close(); } function sdenableChange(in_checked, in_id) { with(document.forms.forma) { if(in_checked) elements["sdenable_" + in_id].value = "1"; else elements["sdenable_" + in_id].value = "0"; } } function toleranceLevelChange(in_checked, in_id) { with(document.forms.forma) { if(in_checked) elements["tolerance_level_" + in_id].value = "question"; else elements["tolerance_level_" + in_id].value = "assignment"; } } function getPoolItem(in_obj){ var poolid = document.forms.forma.poolid.value; self.location.replace("qpreview.uni?poolid="+poolid+"&question_policy=&id=" + in_obj.options[in_obj.selectedIndex].value); } function open_wimba(in_operation, in_classID, in_userID, in_agID, in_questionID, in_partID, in_attemptNum, in_attemptId, in_frameid) { var el = document.getElementById("div_" + in_frameid); if(el!=null){ el.style.display = "block"; } with(document.getElementById(in_frameid)){ src="/edugen/wileyvt?operation="+in_operation+"&classid="+in_classID+"&userid="+in_userID+"&agid="+in_agID+"&qid="+in_questionID+"&partid="+in_partID+"&anum="+in_attemptNum+"&attempt="+in_attemptId; width="240px"; height= el==null ? "48px" : "130px"; } } // Question 4 beforeUnloadInterceptForLinks("a:not('.switcher_inside_question_marker_class,k [target]')"); // jQuery(document).ready( function (){ topWindow.isTimeReached = false; topWindow.isUserSwitchesWithinAssignment = false; topWindow.isLogoutPressed = false; topWindow.isUserSwitchesMode = false; topWindow.existsNonClosedQuestion = []; topWindow.removeOnBeforeUnLoad = removeOnBeforeUnLoad; topWindow.questionPlayerWindow = window; topWindow.isMiddleware = '' != ''; topWindow.appWebRoot = '/edugen'; } ); // Here are selected 2014 transactions of Cleland Corporation. Jan. 1Retired a piece of machinery that was purchased on January 1, 2004. The machine cost $62,000 and had a useful life of 10 years with no salvage value. June 30Sold a computer that was purchased on January 1, 2012. The computer cost $36,000 and had a useful life of 3 years with no salvage value. The computer was sold for $5,000 cash. Dec. 31Sold a delivery truck for $9,000 cash. The truck cost $25,000 when it was purchased on January 1, 2011, and was depreciated based on a 5-year useful life with a $4,000 salvage value. Journalize all entries required on the above dates, including entries to update depreciation on assets disposed of, where applicable. Cleland Corporation uses straight-line depreciation. (Record entries in the order displayed in the problem statement. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit (To record depreciation expense for the first 6 months of 2014) (To record depreciation expense for the year 2014) Warning Don't show me this message again for the assignment Ok Cancel Broadening Your Perspective 9-1 var qID = "quest2377756entrance1"; var qIDselected_question = "quest2377756"; // function doOnload() { window.focus(); } function doOnunload() { closeWindows(); } // Get OS. If OS is unknown - work as it is Windows. function getOS() { with (navigator) { if (parseInt(appVersion.substring(0,2)) >= 4) { if (appVersion.indexOf('Win')!=-1) { return 0; } else if (appVersion.indexOf('Mac')!=-1) { return 1; } else { return 0; } } else { return 0; } } } // enable/disable significant digits, choose tolerance level(assignment/item) function setPolicies(in_id) { var forma = document.forms.forma; forma.set_question_policy.value="true"; forma.submit(); } function qhelp(in_url) { var winUrl = in_url; var winName = "winItemHelp" var winParam = getParamsString(600, 400, 0, 0) + ",resizable=yes" + ",copyhistory=no" + ",directories=no" + ",location=no" + ",menubar=no" + ",scrollbars=yes" + ",status=no" + ",toolbar=no"; closeWindow(winName); createWindow(winUrl,winName,winParam); } function showHint(in_item) { var winUrl = "qhint.uni?itemid=" + in_item; var winName = "winItemHint" + in_item; var winParam = getParamsString(650, 400, 0, 0) + ",resizable=yes" + ",copyhistory=no" + ",directories=no" + ",location=no" + ",menubar=no" + ",scrollbars=yes" + ",status=no" + ",toolbar=no"; createWindow(winUrl,winName,winParam); } function showChart(in_item) { var winUrl = "qchart.uni?itemid=" + in_item; var winName = "winItemChart" + in_item; var winParam = getParamsString(650, 400, 0, 0) + ",resizable=yes" + ",copyhistory=no" + ",directories=no" + ",location=no" + ",menubar=no" + ",scrollbars=yes" + ",status=no" + ",toolbar=no"; createWindow(winUrl,winName,winParam); } function showSolution(in_item){ var winUrl = "qsolution.uni?itemid=" + in_item; var winName = "winItemSolution" + in_item; var winParam = getParamsString(650, 400, 0, 0) + ",resizable=yes" + ",copyhistory=no" + ",directories=no" + ",location=no" + ",menubar=no" + ",scrollbars=yes" + ",status=no" + ",toolbar=no"; createWindow(winUrl,winName,winParam); } function showSolutionTutor(in_item) { var winUrl = "qsolution_tutor.uni?itemid=" + in_item; var winName = "winItemSolution" + in_item; var winParam = getParamsString(600, 400, 0, 0) + ",resizable=yes" + ",copyhistory=no" + ",directories=no" + ",location=no" + ",menubar=yes" + ",scrollbars=yes" + ",status=no" + ",toolbar=no"; createWindow(winUrl,winName,winParam); } function showAnswer(in_item) { var winUrl = "qanswer.uni?itemid=" + in_item; var winName = "winItemAnswer" + in_item; var winParam = getParamsString(640, 440, 0, 0) + ",resizable=yes" + ",copyhistory=no" + ",directories=no" + ",location=no" + ",menubar=no" + ",scrollbars=yes" + ",status=no" + ",toolbar=no"; createWindow(winUrl,winName,winParam); } function changeValues() { with(document.forms.forma) { newval.value = "-change-values"; submit(); } } // view item in pop-up window function viewResource(in_resource) { var winUrl = "../../../shared/resource/view_resource.uni?id=" + in_resource; var winName = "REFERENCE"; var winParam = getParamsString(700, 500, 0, 0) + ",resizable=yes" + ",copyhistory=no" + ",directories=no" + ",location=no" + ",menubar=no" + ",scrollbars=yes" + ",status=yes" + ",toolbar=no"; if (isWindow("REFERENCE")) { replaceWindow(winUrl, winName); } else { createWindow(winUrl, winName, winParam); } } //**************************************** // reference window open / reopen //**************************************** function callRefWin(in_url) { var winUrl = in_url; var winName = "REFERENCE"; var winParam = getParamsString(700, 500, 0, 0) + ",resizable=yes" + ",copyhistory=no" + ",directories=no" + ",location=no" + ",menubar=no" + ",scrollbars=yes" + ",status=no" + ",toolbar=no"; if (isWindow("REFERENCE")) { replaceWindow(winUrl, winName); } else { createWindow(winUrl, winName, winParam); } } //************************************************** // xlinkobject (outer human-friendly links ) // also used for links to ilw and cs //************************************************** function xlinkobject(in_linkid) { if (in_linkid.indexOf("rsd") != -1) { var idres = in_linkid; viewResource(idres); } else { var winUrl = "/edugen/player/references/index.uni?mode=help" + "&xlinkobject=" + in_linkid; callRefWin(winUrl); } } //************************************************** // pageURL (links with known URL) //************************************************** function pageURL(in_url){ var s_url = "/edugen/player/references/index.uni?mode=help&pageURL="+ in_url; callRefWin(s_url); } function openPractice(in_linkid) { // do not delete the function } function selfClose() { self.close(); } function sdenableChange(in_checked, in_id) { with(document.forms.forma) { if(in_checked) elements["sdenable_" + in_id].value = "1"; else elements["sdenable_" + in_id].value = "0"; } } function toleranceLevelChange(in_checked, in_id) { with(document.forms.forma) { if(in_checked) elements["tolerance_level_" + in_id].value = "question"; else elements["tolerance_level_" + in_id].value = "assignment"; } } function getPoolItem(in_obj){ var poolid = document.forms.forma.poolid.value; self.location.replace("qpreview.uni?poolid="+poolid+"&question_policy=&id=" + in_obj.options[in_obj.selectedIndex].value); } function open_wimba(in_operation, in_classID, in_userID, in_agID, in_questionID, in_partID, in_attemptNum, in_attemptId, in_frameid) { var el = document.getElementById("div_" + in_frameid); if(el!=null){ el.style.display = "block"; } with(document.getElementById(in_frameid)){ src="/edugen/wileyvt?operation="+in_operation+"&classid="+in_classID+"&userid="+in_userID+"&agid="+in_agID+"&qid="+in_questionID+"&partid="+in_partID+"&anum="+in_attemptNum+"&attempt="+in_attemptId;C width="240px"; height= el==null ? "48px" : "130px"; } } // Question 5 beforeUnloadInterceptForLinks("a:not('.switcher_inside_question_marker_class,r [target]')"); // jQuery(document).ready( function (){ topWindow.isTimeReached = false; topWindow.isUserSwitchesWithinAssignment = false; topWindow.isLogoutPressed = false; topWindow.isUserSwitchesMode = false; topWindow.existsNonClosedQuestion = []; topWindow.removeOnBeforeUnLoad = removeOnBeforeUnLoad; topWindow.questionPlayerWindow = window; topWindow.isMiddleware = '' != ''; topWindow.appWebRoot = '/edugen'; } ); // The financial statements of Tootsie Roll are presented below. TOOTSIE ROLL INDUSTRIES, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF Earnings, Comprehensive Earnings and Retained Earnings (in thousands except per share data) For the year ended December 31, 201120102009 Net product sales $528,369$517,149$495,592 Rental and royalty revenue4,1364,2993,739 Total revenue532,505 521,448 499,331 Product cost of goods sold365,225349,334319,775 Rental and royalty cost1,0381,088852 Total costs366,263 350,422 320,627 Product gross margin163,144167,815175,817 Rental and royalty gross margin3,0983,2112,887 Total gross margin166,242 171,026 178,704 Selling, marketing and administrative expenses108,276106,316103,755 Impairment charges——14,000 Earnings from operations57,966 64,710 60,949 Other income (expense), net2,946 8,358 2,100 Earnings before income taxes60,912 73,068 63,049 Provision for income taxes16,974 20,005 9,892 Net earnings$43,938 $53,063 $53,157 Net earnings$43,938$53,063$53,157 Other comprehensive earnings (loss)(8,740)1,1832,845 Comprehensive earnings$35,198 $54,246 $56,002 Retained earnings at beginning of year.$135,866$147,687$144,949 Net earnings43,93853,06353,157 Cash dividends(18,360)(18,078)(17,790) Stock dividends(47,175)(46,806)(32,629) Retained earnings at end of year$114,269 $135,866 $147,687 Earnings per share$0.76$0.90$0.89 Average Common and Class B Common shares outstanding 57,89258,68559,425 (The accompanying notes are an integral part of these statements.) CONSOLIDATED STATEMENTS OF Financial Position TOOTSIE ROLL INDUSTRIES, INC. AND SUBSIDIARIES (in thousands except per share data) AssetsDecember 31, 20112010 CURRENT ASSETS: Cash and cash equivalents$78,612$115,976 Investments10,8957,996 Accounts receivable trade, less allowances of $1,731 and $1,53141,89537,394 Other receivables3,3919,961 Inventories: Finished goods and work-in-process42,67635,416 Raw materials and supplies29,08421,236 Prepaid expenses5,0706,499 Deferred income taxes578689 Total current assets212,201 235,167 PROPERTY, PLANT AND EQUIPMENT, at cost: Land21,93921,696 Buildings107,567102,934 Machinery and equipment322,993307,178 Construction in progress2,598 9,243 455,097 440,974 Less—Accumulated depreciation242,935 225,482 Net property, plant and equipment212,162 215,492 OTHER ASSETS: Goodwill73,23773,237 Trademarks175,024175,024 Investments96,16164,461 Split dollar officer life insurance74,20974,441 Prepaid expenses3,2126,680 Equity method investment3,9354,254 Deferred income taxes7,7159,203 Total other assets433,493 407,300 Total assets$857,856 $857,959 Liabilities and Shareholders’ EquityDecember 31, 20112010 CURRENT LIABILITIES: Accounts payable$10,683$9,791 Dividends payable4,6034,529 Accrued liabilities43,06944,185 Total current liabilities58,355 58,505 NONCURRENT LIABILITES: Deferred income taxes43,52147,865 Postretirement health care and life insurance benefits26,10820,689 Industrial development bonds7,5007,500 Liability for uncertain tax positions8,3459,835 Deferred compensation and other liabilities48,09246,157 Total noncurrent liabilities133,566 132,046 SHAREHOLDERS’ EQUITY: Common stock, $.69-4/9 par value—120,000 shares authorized—36,479 and 36,057 respectively, issued25,33325,040 Class B common stock, $.69-4/9 par value—40,000 shares authorized—21,025 and 20,466 respectively, issued14,60114,212 Capital in excess of par value533,677505,495 Retained earnings, per accompanying statement114,269135,866 Accumulated other comprehensive loss(19,953)(11,213) Treasury stock (at cost)—71 shares and 69 shares, respectively(1,992)(1,992) Total shareholders’ equity665,935 667,408 Total liabilities and shareholders’ equity$857,856 $857,959 TOOTSIE ROLL INDUSTRIES, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF Cash Flows (in thousands) For the year ended December 31, 201120102009 CASH FLOWS FROM OPERATING ACTIVITIES: Net earnings$43,938$53,063$53,157 Adjustments to reconcile net earnings to net cash provided by operating activities: Depreciation19,22918,27917,862 Impairment charges— — 14,000 Impairment of equity method investment — — 4,400 Loss from equity method investment 194342233 Amortization of marketable security premiums 1,267522320 Changes in operating assets and liabilities: Accounts receivable (5,448)717(5,899) Other receivables 3,963(2,373)(2,088) Inventories (15,631)(1,447)455 Prepaid expenses and other assets 5,1064,9365,203 Accounts payable and accrued liabilities 842,180(2,755) Income taxes payable and deferred (5,772)2,322(12,543) Postretirement health care and life insurance benefits 2,0221,4291,384 Deferred compensation and other liabilities 2,1462,5252,960 Others (708)310305 Net cash provided by operating activities50,390 82,805 76,994 CASH FLOWS FROM INVESTING ACTIVITIES: Capital expenditures (16,351)(12,813)(20,831) Net purchase of trading securities (3,234)(2,902)(1,713) Purchase of available for sale securities (39,252)(9,301)(11,331) Sale and maturity of available for sale securities 7,6808,20817,511 Net cash used in investing activities (51,157)(16,808)(16,364) CASH FLOWS FROM FINANCING ACTIVITIES: Shares repurchased and retired (18,190)(22,881)(20,723) Dividends paid in cash (18,407)(18,130)(17,825) Net cash used in financing activities (36,597)(41,011)(38,548) Increase (decrease) in cash and cash equivalents(37,364)24,98622,082 Cash and cash equivalents at beginning of year115,97690,99068,908 Cash and cash equivalents at end of year$78,612$115,976$90,990 Supplemental cash flow information Income taxes paid $16,906$20,586$22,364 Interest paid $38$49$182 Stock dividend issued $47,053$46,683$32,538 (The accompanying notes are an integral part of these statements.) Notes to Consolidated Financial Statements ($ in thousands) PROPERTY, PLANT AND EQUIPMENT: Depreciation is computed for financial reporting purposes by use of the straight-line method based on the useful lives of 20 to 35 years for building and 5 to 25 years for machinery and equipment. Depreciation expenses was $19,229, $18,279 and $17,862 in 2011, 2010 and 2009, respectively. Goodwill and intangible assets: In accordance with authoritative guidance, goodwill and intangible assets with indefinite lives are not amortized, but rather tested for impairment at least annually unless certain interim triggering events or circumstances require more frequent testing. All trademarks have been assessed by management to have indefinite lives because they are expected to generate cash flows indefinitely. The Company has completed its annual impairment testing of its goodwill and trademarks at December 31 of each of the years presented. As of December 31, 2009, management ascertained that certain trademarks were impaired, and recorded a pre-tax charge of $14,000. No impairments of intangibles were recorded in 2011 and 2010. This determination is made by comparing the carrying value of the asset with its estimated fair value, which is calculated using estimates including discounted projected future cash flows. If the carrying value of goodwill exceeds the fair value, a second step would measure the carrying value and implied fair value of goodwill. Management believes that all assumptions used for the impairment tests are consistent with those utilized by market participants performing similar valuations. Answer the following questions. Warning Don't show me this message again for the assignment Ok Cancel beforeUnloadInterceptForLinks("a:not('.switcher_inside_question_marker_class,h [target]')"); // jQuery(document).ready( function (){ topWindow.isTimeReached = false; topWindow.isUserSwitchesWithinAssignment = false; topWindow.isLogoutPressed = false; topWindow.isUserSwitchesMode = false; topWindow.existsNonClosedQuestion = []; topWindow.removeOnBeforeUnLoad = removeOnBeforeUnLoad;