Topics: Depreciation, Generally Accepted Accounting Principles, Expense Pages: 4 (384 words) Published: April 14, 2014

Page FS Note

1For 2007 was there a foreign Currency translation adjustment? (circle one) Yes No 46 S of SE

2 Did the adjustment cause a Decrease or Increase in S/E for 2007? (circle one) Increase Decrease

3 For 2007, and in association with the 2004-2007 Restructuring Program, (Note 17) of the 662 m charged to continuing operations, how much was recorded in CGS? _____________

4In 2007, were any new common shares issued? (circle One) Yes No

5In 2006, what was amount of cash paid in dividends to CS holders? (in millions) _____________

6 For 2007, 06 or 05, what was the lowest Operating Expense common size per cent? _____________ (xx.x %)

7For the calculation of Basic EPS in 2005 what number of shares was used? (million)_____________
8What were the Cash Dividends declared per Share in 2006? _____________

9In 2007 for the Film Products Group, what was its operating profit per cent? _____________(xx.x %)

10What are Gross Trade Receivables at the end of 2007? (in millions) _____________ [For 10 & 11 assume all allowances apply to trade receivables]

11What per cent of Gross Trade Accounts Receivable is uncollectable at end of 2007? _____________( x.xx%)

12What was the average price paid for EK’s issued common stock as of Dec 31, 2007? _____________ ($ xx.xx)

R.E.C., Inc. (Text example)

13 Had Ending Inventory been completely valued at FIFO, what would Cost of Goods sold have been for FY 2010? __SKIP____

Brown Co. purchased equipment on January 1 last year (Year 1) for $225,000. Management estimates that the equipment will have a useful life of five years and no salvage value. The depreciation expense recorded for tax purposes will be $64,000 this...
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