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Solution 1
Julian Company is having problem with its advertising expense.
Solution 2
Price of the share= $25
Earnings per share = $1.167
Price Earnings Ratio = 21.4
Solution 3
     
    Opening
    Addition/Decrease
    Closing balance
    Assets
    170,000
    14,000
    184,000
    Liabilities
    90,000
    -10,000
    80,000
    Shareholder equity
    80,000
    24,000
    104,000
Hence closing balance of asset is $184,000.
Solution 4
    Particulars
    Amount ($)
    Sales
    1,000
    COGS
    650
    Gross Profit
    350
    Gross profit %
    35%
Solution 5
    Particulars
    Amount ($)
    Accrued Income tax payable
    9000
    Current portion of long term debt
    10,000
    Unearned revenue
    250
    Accounts payable
    700
    Total current liabilities
    19950
Solution 6
Expenses
Solution 7
Owners’ Equity is $56,500
Solution 8
It is a private organization which establishes international accounting standard.
Solution 9
They are primarily used by internal...