Refer to Polaris’ balance sheet in Appendix A. What accrued expenses (liabilities) does Polaris re-port at December 31, 2011?
Answer to relevant QuestionsRefer to Arctic Cat’s balance sheet in Appendix A. What is the amount of Arctic Cat’s ac-counts payable as of March 31, 2011?Jin Li, an employee of ETrain.com, leases a car at O’Hare airport for a three-day business trip. The rental cost is $ 250. Prepare the entry by ETrain.com to record Jin Li’s short-term car lease cost.Refer to the 2011 balance sheet for Arctic Cat in Appendix A. What is the par value per share of its common stock? Suggest a rationale for the amount of par value it assigned.Refer to Arctic Cat’s financial statements in Appendix A and compute its cost of goods available for sale for the year ended March 31, 2011.During the current month, a company that uses a job order cost accounting system incurred a monthly factory payroll of $ 175,000, paid in cash. Of this amount, $ 44,000 is classified as indirect labor and the remainder as ...
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