Chapter 1 – Checklist of Key Figures

Page Assignment Check Figures

34 P1-1A 1. Corporation
4. Partnership

34 P1-2A 2. Statement of Earnings

4. Cash Flow Statement

35 P1-3A (a) Mountain Equipment Co-op: Operating, payment for inventory;

Investing, purchase of store fixtures; Financing, borrow money from a
bank

35 P1-4A Common shares (a) SE (b) F

Sales (a) R (b) O

35 P1-5A (a) (i) Total assets, $4,061.3 (iii) Total expenses = $6,033.8 (v) Total
assets = $4,110.7

36 P1-6A Net earnings, $3,825; Retained earnings, June 30, 2006, $2,825;
Total assets, $44,400

36 P1-7A Cash provided by operating activities, $37,000; used in investing

activities, $15,000; used by financing activities, $13,000

36 P1-8A i. $110,000; iii. $6,900; vi. $6,500

37 P1-9A (b) Shareholders' equity, $40,000; Total liabilities and shareholders'

equity, $95,000

38 P1-1B 1. Proprietorship
4. Corporation

38 P1-2B 2. Balance Sheet

4. Cash Flow Statement

38 P1-3B (a) Grant Thornton LLP: Operating, bill clients for professional
services; investing, purchase computers; Financing, distribute
earnings to partners

39 P1-4B Capital assets (a) A (b) I

Wage and benefit expense (a) E (b) O

39 P1-5B (a) (i) Total liabilities, $703.7 (iii) Dividends = $24.2 (v) Total assets =
$3,318.9

39 P1-6B Net earnings, $2,100; Retained earnings, May 31, 2006, $1,600;
Total assets, $78,700

40 P1-7B Cash provided by operating activities, $59,000; used in investing

activities, $26,000; used by financing activities, $7,000

40 P1-8B i. $85,000; iii. $26,000; vi. $21,000

 40 P1-9B (b) Net earnings, $36,000

41 BYP1-1 (b) Total assets, 2003, $12,177 million; 2002, $11,110 million
(f) Change in net earnings, 2002 to 2003, 16% increase.

42 BYP1-2 (a) 1. Total assets, Loblaw, $12,177 million; Sobeys, $3,274.7 million

43 BYP1-4 (b) Percentage increase in sales: 23.7%; percentage increase in net

earnings: 13.3%

Chapter 2 – Checklist of Key Figures

Page Assignment Check Figures

82 P2-2A Cost benefit constraint and materiality

82 P2-3A Accounts payable and accrued liabilities, current liabilities; Retained

earnings, shareholders' equity

82 P2-4A Total assets, $700,150

83 P2-5A Net earnings, $19,000; Retained earnings, December 31, 2006,

$77,000; Total assets, $197,800

83 P2-6A (a) Net earnings, $9,440; Retained earnings, April 30, 2006, $21,005;
Total assets, $53,580

83 P2-7A (b) Current ratio, 3.1:1

(e) Debt to total assets ratio, 42.2%

84 P2-8A (a) Current ratio, Chen, 6.44:1; Caissie, 5.43:1

(b) Earnings per share, Chen, $3.25; Caissie, $2.30

(c) Debt to total assets, Chen 18.37%; Caissie, 19.70%

85 P2-9A (a) 1. Working capital, 2006, $110,000; 2005, $75,000

(a) 6. Free cash flow, 2006, $45,000; 2005, $35,000

85 P2-10A (a) 1. Working capital, Andrés , $29,881 thousand; Vincor, $343,023

thousand

(a) 3. Earnings per Share, Andrés , $2.01; Vincor, $1.67

86 P2-2B (a) Cost benefit constraint and materiality

86 P2-3B Accumulated amortization, equipment, Balance Sheet: property,

 plant, and equipment

Income tax expense, Statement of Earnings: expense

86 P2-4B Total assets, $2,255,750 in thousands US

87 P2-5B Net earnings, $19,300; Retained earnings, December 31, 2006,

$49,800; Total assets, $196,550

87 P2-6B (a) Net earnings, $2,000; Retained earnings, January 31, 2006,
$44,650; Total assets, $154,400

88 P2-7B (b) Earnings per share, $13.80

(e) Free cash flow, $29,800

89 P2-8B (a) Current ratio, Belliveau, 3.00:1; Shields, 2.80:1

(b) Earnings per share, Belliveau, $0.18; Shields, $0.43

(c) Debt to total assets, Belliveau 31.07%; Shields, 30.00%

89 P2-9B (a) 4. Price-earnings ratio, 2006, 4.7; 2005, 4.6

(a) 6. Free cash flow, 2006, $(55,000); 2005, $0

90 P2-10B (a) 1. Current ratio, Abitibi , 0.9:1; Tembec, 1.7:1

(a) 4. Price-earnings ratio, Abitibi , (102.9) times; Tembec, 19.4 times

91 BYP2-1 (a) Total current assets, January 3, 2004, $3,485 million; December
28, 2002 $3,492 million

(d) Total current liabilities, $3,114 million at January 3, 2004; $3,154

million at December 28, 2002

92 BYP2-2 (a) 4. Price-earnings ratio, Loblaw, 22.10 times; Sobeys, 11.28 times

(a) 5. Debt to total assets ratio, Loblaw, 61.14%; Sobeys, 51.89%

Chapter 3 – Check List of Key Figures

Page Assignment Check Figures

134 P3-1A (a) and (b) 1. Cash and Common Shares +$12,000, F;
Total assets $19,700

134 P3-2A (a) Total cash, $5,650; Total expenses, $4,675; Total cash; Total
assets $13,650

(b) Net earnings, $2,825; Retained earnings, $3,675

135 P3-3A Accounts receivable, (a) Debit (b) Balance sheet (c) Current asset;
Income tax expense (a) Debit (b) Statement of earnings (c) Expense

135 P3-4A (a) Feb. 6 Account debited (1) Asset (2) Cash (3) Increase; Account
credited: (1) Shareholders' equity (2) Revenue (3) Increase

136 P3-6A (b) Cash, $14,550

(c) Total debits and credits, $26,700

136 P3-7A (c) Cash, $29,275

(d) Total debits and credits, $177,275

137 P3-8A (a) Total debits and credits, $5,825

(b) Net earnings, $750; Retained earnings, $1,275; Total liabilities

and shareholders' equity, $3,475

137 P3-9A (a) correct 3, 8

(b) 1. (1) no (2) Supplies (3) understated by $600

(b) 7. (1) yes (2) Accounts payable (3) overstated by $250

138 P3-10A Total debits and credits, $19,646

138 P3-1B (a) and (b) 7. Accounts receivable +$800, Shareholder's equity –
retained earnings – revenue +$800; O; Total assets, $19,610

139 P3-2B (a) Total cash, $8,250; Total expenses, $2,775; Total assets, $18,900

(b) Net earnings, $2,025; Retained earnings, $4,475; Total liabilities

and shareholders' equity, $18,900

139 P3-3B Cost of goods sold and selling, general and administrative expenses,
(a) Debit (b) Statement of earnings (c) Expense; Goodwill, (a) Debit
(b) Balance sheet (c) Intangible asset

140 P3-4B (a) Jan. 12 Account debited: (1) Asset (2) Accounts receivable (3)
Increase; Account credited: (1) Shareholders' equity (2) Revenue (3)
Increase

140 P3-6B (b) Cash, $29,035

(c) Total debits and credits, $33,210

141 P3-7B (c) Cash, $18,776

(d) Total debits and credits, $140,292

141 P3-8B (a) Total debits and credits, $11,478,673

 (b) Net earnings, $ 69,229; Retained earnings, $772,904; Total
liabilities and shareholders' equity $4,110,673

142 P3-9B (a) Incorrect: 1, 2, 3, 4, 5, 6, and 7

(b) 1. (1) no (2) Accounts receivable (3) overstated by $90

(b) 6. (1) no (2) Unearned revenue (3) understated by $500

142 P3-10B Total debits and credits, $34,218

143 BYP3-1 (a) Accounts payable and accrued liabilities, Increase side, Credit;
Decrease side, Debit; Normal balance, Credit

(b) 1. Cash is decreased.

143 BYP3-2 (a) Total debits and credits, $36,788,000,000

(b) Total debits and credits, $14,201,600,000

144 BYP3-4 (a) Total debits and credits, $4,523,357

(b) Total assets, $1,449,622; Total liabilities, $970,231; Shareholders'

Equity, $479,391

145 BYP3-7 (c) Net earnings, $4,600

(d) Cash, $13,684

147 BYP3-10 (b) Cash, $330

(c) Total debits and credits, $3,250

Chapter 4 – Checklist of Key Figures

Page Assignment Check Figures

189 P4-5A Net earnings $11,175; Total assets $28,700

190 P4-6A (b) Accounts receivable $3,790; Unearned revenue $9,800

(c) Total debits, $187,710

191 P4-7A (a) Cash, $5,240

(e) Total debits after adjustments, $24,100

(f) Net earnings, $2,750; Total assets, $16,900

192 P4-8A (b) Net earnings, $3,000; Total asset, $26,240

192 P4-9A (b) Retained earnings, $2,300

(c) Total debits and credits, $26,990

193 P4-10A (c) Total debits and credits, $248,038

(d) Net earnings, $22,507; Retained earnings, $32,007; Total assets,

$129,645

(f) Post closing trial balance totals $166,555

194 P4-11A (a) Cash, $6,350

(b) Total debits and credits, $50,800

(d) Total debits and credits, $54,833

(e) Net earnings, $3,117; Retained earnings, July 31, $2,517; Total
assets, $48,850

(g) Post closing trial balance totals $49,450

196 P4-4B 3. Unearned rent revenue adjustment, $81,000

196 P4-5B Net earnings, $18,332; Total assets, $38,452

197 P4-6B (b) Cash, $12,400; Income tax expense, $500;

(c) Total debits, $217,810

198 P4-7B (b) Cash, $3,830

(e) Total debits after adjustments, $27,050

(e) Total debits after adjustments, $27,900

(f) Net earnings, $800; Total assets, $21,400

199 P4-8B (b) Net earnings, $11,340; Retained earnings, $19,740, Total assets,
$70,065

199 P4-9B (b) Retained earnings, $19,740

(c) Total debits and credits, $109,665

200 P4-10B (b) Accounts receivable, $1,360; Accumulated amortization —

cottages, $40,600

(c) Total debits and credits, $469,300

(d) Net earnings, $37,620; Retained earnings, $56,120; Total assets,

 $169,460

(f) Post closing trial balance totals $224,360

201 P4-11B (a) Cash, $1,700,

(b) Total debits and credits, $39,800

(d) Total debits and credits, $44,066

(e) Net earnings, $4,884; Retained earnings, March 31, $3,884; Total
assets, $36,617

(g) Post closing trial balance totals $37,050

203 BYP4-5 (c) ¥40.1 millions of yen

206 BYP4-10 (b) Cash, $1,630

(c) Trial balance totals before adjustment, $7,450

(e) Trial balance totals after adjustment, $8,301

(f) Net earnings, $1,754, Retained earnings, December 31, $1,654,

Total assets, $5,210

(h) Post-Closing trial balance totals $5,230