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Part 4: Introduction to Financial Accounting: Accrual Accounting

1) Fibertech GmbH is a distributor of outdoors technical clothing. The company

outsources the production of clothing to external manufacturers in Bangladesh
and sells it under its own brands. Below, you will find the balance sheet at the end
of x3 and x4, and the Profit and Loss and cash T-accounts for x4. Note that some
numbers are missing in the T-accounts, which you need to derive in these
questions.

Additional note: Fibertech estimates its brands have an indefinite life and
consequently they are not amortized.

Compute the payments to suppliers in x4.

• 1,500
• 1,550
• 1,450
• 1,600
2) Fibertech GmbH is a distributor of outdoors technical clothing. The company
outsources the production of clothing to external manufacturers in Bangladesh
and sells it under its own brands. Below, you will find the balance sheet at the end
of x3 and x4, and the Profit and Loss and cash T-accounts for x4. Note that some
numbers are missing in the T-accounts, which you need to derive in these
questions.

Additional note: Fibertech estimates its brands have an indefinite life and
consequently they are not amortized.

Compute the insurance expense in x4.

• 36
• 34
• 38
• 4
3) Fibertech GmbH is a distributor of outdoors technical clothing. The company
outsources the production of clothing to external manufacturers in Bangladesh
and sells it under its own brands. Below, you will find the balance sheet at the end
of x3 and x4, and the Profit and Loss and cash T-accounts for x4. Note that some
numbers are missing in the T-accounts, which you need to derive in these
questions.

Additional note: Fibertech estimates its brands have an indefinite life and
consequently they are not amortized.

Compute the insurance expense in x4.

• 80
• 60
• 70
• 30
4) Fibertech GmbH is a distributor of outdoors technical clothing. The company
outsources the production of clothing to external manufacturers in Bangladesh
and sells it under its own brands. Below, you will find the balance sheet at the end
of x3 and x4, and the Profit and Loss and cash T-accounts for x4. Note that some
numbers are missing in the T-accounts, which you need to derive in these
questions.

Additional note: Fibertech estimates its brands have an indefinite life and
consequently they are not amortized.

Compute the interest expense in x4.

• 60
• 25
• 0
• 55
5) Fibertech GmbH is a distributor of outdoors technical clothing. The company
outsources the production of clothing to external manufacturers in Bangladesh
and sells it under its own brands. Below, you will find the balance sheet at the end
of x3 and x4, and the Profit and Loss and cash T-accounts for x4. Note that some
numbers are missing in the T-accounts, which you need to derive in these
questions.

Additional note: Fibertech estimates its brands have an indefinite life and
consequently they are not amortized.

Compute the income tax expense in x4.

• 120
• 10
• 35
• 110
6) Fibertech GmbH is a distributor of outdoors technical clothing. The company
outsources the production of clothing to external manufacturers in Bangladesh
and sells it under its own brands. Below, you will find the balance sheet at the end
of x3 and x4, and the Profit and Loss and cash T-accounts for x4. Note that some
numbers are missing in the T-accounts, which you need to derive in these
questions.

Additional note: Fibertech estimates its brands have an indefinite life and
consequently they are not amortized.

Compute the dividends paid in x4.

• 30
• 336
• 642
• 306
7) Fibertech GmbH is a distributor of outdoors technical clothing. The company
outsources the production of clothing to external manufacturers in Bangladesh
and sells it under its own brands. Below, you will find the balance sheet at the end
of x3 and x4, and the Profit and Loss and cash T-accounts for x4. Note that some
numbers are missing in the T-accounts, which you need to derive in these
questions.

Additional note: Fibertech estimates its brands have an indefinite life and
consequently they are not amortized.

Compute the gross margin in x4.

• 501
• 560
• 800
• 1,400
8) Fibertech GmbH is a distributor of outdoors technical clothing. The company
outsources the production of clothing to external manufacturers in Bangladesh
and sells it under its own brands. Below, you will find the balance sheet at the end
of x3 and x4, and the Profit and Loss and cash T-accounts for x4. Note that some
numbers are missing in the T-accounts, which you need to derive in these
questions.

Additional note: Fibertech estimates its brands have an indefinite life and
consequently they are not amortized.

Compute the operating profit in x4.

• 560
• 501
• 800
• 541
9) Fibertech GmbH is a distributor of outdoors technical clothing. The company
outsources the production of clothing to external manufacturers in Bangladesh
and sells it under its own brands. Below, you will find the balance sheet at the end
of x3 and x4, and the Profit and Loss and cash T-accounts for x4. Note that some
numbers are missing in the T-accounts, which you need to derive in these
questions.

Additional note: Fibertech estimates its brands have an indefinite life and
consequently they are not amortized.

Compute the profit before taxes in x4.

• 446
• 431
• 501
• 336
10) Fibertech GmbH is a distributor of outdoors technical clothing. The company
outsources the production of clothing to external manufacturers in Bangladesh
and sells it under its own brands. Below, you will find the balance sheet at the end
of x3 and x4, and the Profit and Loss and cash T-accounts for x4. Note that some
numbers are missing in the T-accounts, which you need to derive in these
questions.

Additional note: Fibertech estimates its brands have an indefinite life and
consequently they are not amortized.

Compute the cash flow from investing in x4

• -160
• -115
• -40
• -120
11) Fibertech GmbH is a distributor of outdoors technical clothing. The company
outsources the production of clothing to external manufacturers in Bangladesh
and sells it under its own brands. Below, you will find the balance sheet at the end
of x3 and x4, and the Profit and Loss and cash T-accounts for x4. Note that some
numbers are missing in the T-accounts, which you need to derive in these
questions.

Additional note: Fibertech estimates its brands have an indefinite life and
consequently they are not amortized.

Compute the cash flow from financing in x4

• -150
• -240
• -180
• -101
12) Fibertech GmbH is a distributor of outdoors technical clothing. The company
outsources the production of clothing to external manufacturers in Bangladesh
and sells it under its own brands. Below, you will find the balance sheet at the end
of x3 and x4, and the Profit and Loss and cash T-accounts for x4. Note that some
numbers are missing in the T-accounts, which you need to derive in these
questions.

Additional note: Fibertech treats interest payments as a cash flow from

operations.

Compute the cash flow from operations in x4

• 374
• 410
• 234
• 194