Tech Tool: Spreadsheet Software

Valencia Orange Inc. has asked for your assistance with XBRL tags for its financial statements.

1. Download the data file for this exercise.

2. Use the information in Figure 9.12 to answer the following questions about XBRL tags for the selected items on Valencia Orange’s statement of financial position at August 31, 2011.

a. What account and amount should appear on the financial statement for the XBRL tag labeled 2a in the spreadsheet data file for this exercise?

b. What account and amount should appear on the financial statement for the XBRL tag labeled 2b in the spreadsheet data file for this exercise?

c. What account and amount should appear on the financial statement for the XBRL tag labeled 2c in the spreadsheet data file for this exercise?

d. What account and amount should appear on the financial statement for the XBRL tag labeled 2d in the spreadsheet data file for this exercise?