Tag Archives: teach accounting

How would Yeti account for the contingent liability arising from a recall of its soft coolers and gear cases?

Yeti is recalling nearly two million soft coolers and gear cases, including the Hopper M30 Soft Cooler 1.0 and 2.0, Hopper M20 Soft Backpack Cooler, and SideKick Dry Gear Case, due to a magnet ingestion hazard. The products, sold between March 2018 and January 2023, feature large internal pockets with powerful magnet closures that can […]

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What information can be calculated from Krispy Kreme’s trial balance?

Krispy Kreme, Inc. (NASDAQ:DNUT) is a multinational doughnut company and coffeehouse chain headquartered in Winston-Salem, North Carolina, United States. It is a publicly held corporation.  Krispy Kreme operates and reports financial information on a 52- or 53-week year with the fiscal year ending on the Sunday closest to December 31. Krispy Kreme’s 2021 fiscal year […]

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New! Crossword and word search puzzles to review financial statement analysis

Below are links to a crossword puzzle to review financial statement analysis concepts in financial accounting – and links to a word search puzzle to review the same concepts. I figured many of us are heading into the financial statement analysis chapter right now, so I thought I would share these puzzles I created for […]

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New! Crossword puzzle to review stockholders’ equity concepts

Below are links to a crossword puzzle to review stockholders’ equity concepts in financial accounting. Both links are to the same puzzle, but one has a solution enabled and the other does not. Stockholders’ equity crossword puzzle: Share this link with your students to have them work on the puzzle without access to the solution. […]

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New! Cryptogram puzzle to review PP&E

Below are links to handouts for a cryptogram puzzle to review Property, Plant & Equipment in financial accounting. Both handouts relate to the same puzzle, but one is the student handout and the other is the solution. This is a quick puzzle – it is a phrase that relates to PP & E. To solve […]

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New! Crossword puzzle to review the accounting cycle

Recently, I surveyed my students and found that most enjoy crossword puzzles. While not every activity will suit every student, I thought it would be a good idea to create some crossword puzzles for review activities. I am going to share those crossword puzzles here on my blog occasionally. The first crossword puzzle I am […]

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Upcoming Webinar: Bring Data Analytics to Your Classroom with Google Sheets

On Thursday, March 18, 2021, from 3 to 4 pm Eastern, I will be presenting at an Ohio Society of CPAs webinar on how you can use Google Sheets to bring data analytics into your classroom. You can register for free at this link. This webinar will feature a Google Sheets data analytics project I […]

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How does Kellogg’s dividend announcement impact its financial statements?

On October 23, 2020, the Kellogg Company (brands include Kellogg’s, Pringles, Eggo, Cheez-It, and many others) made the following dividend announcement: Kellogg Company (NYSE: K) today announced that its Board of Directors declared a dividend of $0.57 per share on the common stock of the Company, payable on December 15, 2020, to shareowners of record […]

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What are the relevant costs for AMC’s decision to offer to rent its theatres for $99?

The pandemic has greatly impacted movie theater operations. Some theater locations have been forced to close. Major film releases have been delayed or moved to a streaming platform. Moviegoers have been reluctant to share indoor space with strangers. All those factors have contributed to a challenging year for movie theaters. In response to the pandemic, […]

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How would the length of the Bespoken Spirits operating cycle compare to the length of the Jack Daniel Distillery operating cycle?

Whiskey is an alcoholic beverage that takes, on average, three to fifteen years to mature before it is ready for consumption. Typically, whiskey matures in oak barrels – that process helps to give each whiskey type its unique aroma, color, and taste. The Jack Daniel Distillery, for example, ages its Jack Daniel’s whiskeys in oak […]

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