재무회계 Ch5 과제

(1) Question 5-12

Chapter5-12

1. NOT recognized. It is before a completion of the earning process.
2. NOT recognized. It is before a completion of the earning process.
3. Revenue recoginzed. There is a completion of the earning process and receipt.(account receivable)
4. NOT recognized. It can be an expense.
5. NOT recognized. It is an investment, which is an expense.
6. NOT recognized. There is no completion of the earning process.

(2) Question 5-18

Chapter5-18

The following table is the re-organized income statement.

Category	Year 13	Year 12	Year 11
(+) Sales of Products	24,816	19,503	17,622
(-) Cost of Products Sold	17,292	13,967	13,205
(+) Sales of Service	4,367	3,778	3,342
(-) Cost of Services Sold	2,923	2,570	2,305
(=) Gross Profit	8,968	6,744	5,454
(-) Selling and Administrative Expenses	4,975	4,326	3,780
(+) Other Operating Income	(30)	139	37
(=) Earning Before Interest and Taxes	4,023	2,557	1,711
(+) Other Non-operating Income	342	(321)	(258)
(+) Interest and Dividend Income	273	147	153
(-) Interest and Other Financial Expense	286	307	407
(=) Income Before Taxes	4,352	2,076	1,199
(-) Income Tax Expense	595	686	464
(=) Net Income	3,757	1,390	735