Homework Answers
Answer- a)-The acquisition of plant assets = ($229-$188) thousands
= $41 thousands
b)- Proceeds from the sale of investments = ($78-$52) thousands
= $26 thousands
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Motorvehicles of Philadelphia, Inc., reported the following financial statements for 2018: (Click the icon to view...
Motorsports of Philadelphia, Inc., reported the following financial statements for 2018: (Click the icon to view...
Motorsports of Philadelphia, Inc., reported the following financial statements for 2018: (Click the icon to view the income statement.) 3 (Click the icon to view the comparative balance sheets.) Read the requirement. a. Calculate the new borrowing or payment of long-term notes payable. Motorsports of Philadelphia had only one long-term note payable transaction during the year. The of long-term notes payable is $ | thousand. Reference Motorsports of Philadelphia, Inc. Income Statement Year Ended December 31, 2018 (In thousands) 700...
Supplemental Homework #10 Exterra Communications reported the following financial statements for 2018: EXTERRA COMMUNICATIONS Income Statement...
Supplemental Homework #10 Exterra Communications reported the following financial statements for 2018: EXTERRA COMMUNICATIONS Income Statement Year ended June 30, 2018 $660 $340 40 Sales revenue Cost of goods sold Depreciation expense Salary expense Other expenses, including income taxes Total expenses Net income la moc89 S 80 EXTERRA COMMUNICATIONS Comparative Balance Sheet June 30, 2018 and 2017 2018 2017 2018 2017 $.39 Thousands Assets Current Cash Accounts receivable Inventory Prepaid expenses Long-term investments Plant assets, net $ 53 Liabilities Current...
1 2 Exterra Communications reported the following financial statements for 2018: EXTERRA COMMUNICATIONS Income Statement Year...
1
2
Exterra Communications reported the following financial statements for 2018: EXTERRA COMMUNICATIONS Income Statement Year ended June 30, 2018 Sales revenue Cost of goods sold Depreciation expense Salary expense Other expenses, including income taxes Total expenses Net income 5660 $340 40 50 150 280 8.80 EXTERRA COMMUNICATIONS Comparative Balance Sheet June 30, 2018 and 2017 2018 2017 2018 2017 S.32 Thousands Assets Current Cash Accounts receivable Inventory Prepaid expenses Long-term investments Plant assets, net Liabilities Current: Accounts payable Salary...
Sherman Company reported the following financial statements for 2016 and 2017 E: (Click the icon to...
Sherman Company reported the following financial statements for 2016 and 2017 E: (Click the icon to view the income statement.) : (Click the icon to view the comparative balance sheet.) Read the requirements a. Compute the financing cash flows from new borrowing or payment of long-term notes payable. Sherman Company had only one long-term note payable transaction during the year (this long-term note payable is the only long-term liability that the company has). First, enter the formula and then compute...
Foundations spring 2020 Manuel Garda 1 no 10:45 PM Homework: S11-8 complete HW Score: 0%, 0...
Foundations spring 2020 Manuel Garda 1 no 10:45 PM Homework: S11-8 complete HW Score: 0%, 0 of 10 pts Question Help Score: 0 of 10 pts 1 of 1 S11-8 (similar to) Dales Computer Sales, Inc., reported the following financial statements for 2018 Click the loon to view the income statement the loon to view the comparative e sheets) Calculate the following investing cash flows, enter amore in thousands a. Acquisitions of plant assets all were for cash. Dallas Computer...
Superior Exercise Equipment, Inc. reported the following financial statements for 2018: Requirements 1.) Computer the amount...
Superior Exercise Equipment, Inc. reported the following
financial statements for 2018:
Requirements
1.) Computer the amount of Superior Exercise's acquisition of
plant assets. Assume the acquisition was for cash. Superior
Exercise disposed of plant assets at book value. The cost and
accumulated depreciation of the disposed asset was $45,700. No cash
was received upon disposal.
2.) Compute new borrowing or payment of long-term notes payable,
with Superior Exercise having only one long-term notes payable
transaction during the year.
3.) Computer...
Ryle Exercise Equipment, Inc. reported the following financial statements for 2018: Prepare the company's statement of...
Ryle Exercise Equipment, Inc. reported the following financial
statements for 2018:
Prepare the company's statement of cash flows-indirect
method-for the year ended December 31, 2018. Assume investments are
purchased with cash.
Ryle Exercise Equipment, Inc. reported the following financial statements for Prepare the company's statement of cash flows-indirect method-for the 2018 EEB (Click the icon to view the income statement.) EB (Click the icon to view the comparative balance sheet) (Click the icon to view additional information.) year ended December...
The 2018 Income statement and comparative balance sheet of All Wired, Inc. follow (Click the icon...
The 2018 Income statement and comparative balance sheet of All Wired, Inc. follow (Click the icon to view the additional (Click the icon to view the income statement) Read the requirements (Click the icon to view the comparative balance sheet.) Requirement 1. Prepare the 2018 statement of cash flows, formatting operating activities by the indirect method. Use a minus signor parentheses for amounts that empty: do nol select a label or enter a zero.) Data Table Complete the statement one...
* Data Table Root Medical Supply, Inc., reported the following financial statements for 2018: E (Click...
* Data Table Root Medical Supply, Inc., reported the following financial statements for 2018: E (Click the icon to view the income statement.) (Click the icon to view the balance sheet.) Use the information in Root Medical Supply, Inc.'s financial statements to compute the following: 1. Collections from customers 2. Payments for inventory 1. Compute the collections from customers. Assets 2018 2017 Select the formula needed to determine this amount and then enter the amounts to calculate the collections from...
A (Click the icon to view the additional information.) The 2018 income statement and comparative balance...
A (Click the icon to view the additional information.) The 2018 income statement and comparative balance sheet of All Wired, Inc. follow: (Click the icon to view the income statement.) E: (Click the icon to view the comparative balance sheet.) Read the requirements. Requirement 1. Prepare the 2018 statement of cash flows, formatting operating activities by the indirect method. (Use a minus sign or parentheses for amounts that result in a decrease in cash. If a box is not used...
Motorsports of Philadelphia, Inc., reported the following financial statements for 2018: (Click the icon to view the income statement.) 3 (Click the icon to view the comparative balance sheets.) Read the requirement. a. Calculate the new borrowing or payment of long-term notes payable. Motorsports of Philadelphia had only one long-term note payable transaction during the year. The of long-term notes payable is $ | thousand. Reference Motorsports of Philadelphia, Inc. Income Statement Year Ended December 31, 2018 (In thousands) 700...
Supplemental Homework #10 Exterra Communications reported the following financial statements for 2018: EXTERRA COMMUNICATIONS Income Statement Year ended June 30, 2018 $660 $340 40 Sales revenue Cost of goods sold Depreciation expense Salary expense Other expenses, including income taxes Total expenses Net income la moc89 S 80 EXTERRA COMMUNICATIONS Comparative Balance Sheet June 30, 2018 and 2017 2018 2017 2018 2017 $.39 Thousands Assets Current Cash Accounts receivable Inventory Prepaid expenses Long-term investments Plant assets, net $ 53 Liabilities Current...
1
2
Exterra Communications reported the following financial statements for 2018: EXTERRA COMMUNICATIONS Income Statement Year ended June 30, 2018 Sales revenue Cost of goods sold Depreciation expense Salary expense Other expenses, including income taxes Total expenses Net income 5660 $340 40 50 150 280 8.80 EXTERRA COMMUNICATIONS Comparative Balance Sheet June 30, 2018 and 2017 2018 2017 2018 2017 S.32 Thousands Assets Current Cash Accounts receivable Inventory Prepaid expenses Long-term investments Plant assets, net Liabilities Current: Accounts payable Salary...
Sherman Company reported the following financial statements for 2016 and 2017 E: (Click the icon to view the income statement.) : (Click the icon to view the comparative balance sheet.) Read the requirements a. Compute the financing cash flows from new borrowing or payment of long-term notes payable. Sherman Company had only one long-term note payable transaction during the year (this long-term note payable is the only long-term liability that the company has). First, enter the formula and then compute...
Foundations spring 2020 Manuel Garda 1 no 10:45 PM Homework: S11-8 complete HW Score: 0%, 0 of 10 pts Question Help Score: 0 of 10 pts 1 of 1 S11-8 (similar to) Dales Computer Sales, Inc., reported the following financial statements for 2018 Click the loon to view the income statement the loon to view the comparative e sheets) Calculate the following investing cash flows, enter amore in thousands a. Acquisitions of plant assets all were for cash. Dallas Computer...
Superior Exercise Equipment, Inc. reported the following
financial statements for 2018:
Requirements
1.) Computer the amount of Superior Exercise's acquisition of
plant assets. Assume the acquisition was for cash. Superior
Exercise disposed of plant assets at book value. The cost and
accumulated depreciation of the disposed asset was $45,700. No cash
was received upon disposal.
2.) Compute new borrowing or payment of long-term notes payable,
with Superior Exercise having only one long-term notes payable
transaction during the year.
3.) Computer...
Ryle Exercise Equipment, Inc. reported the following financial
statements for 2018:
Prepare the company's statement of cash flows-indirect
method-for the year ended December 31, 2018. Assume investments are
purchased with cash.
Ryle Exercise Equipment, Inc. reported the following financial statements for Prepare the company's statement of cash flows-indirect method-for the 2018 EEB (Click the icon to view the income statement.) EB (Click the icon to view the comparative balance sheet) (Click the icon to view additional information.) year ended December...
The 2018 Income statement and comparative balance sheet of All Wired, Inc. follow (Click the icon to view the additional (Click the icon to view the income statement) Read the requirements (Click the icon to view the comparative balance sheet.) Requirement 1. Prepare the 2018 statement of cash flows, formatting operating activities by the indirect method. Use a minus signor parentheses for amounts that empty: do nol select a label or enter a zero.) Data Table Complete the statement one...
* Data Table Root Medical Supply, Inc., reported the following financial statements for 2018: E (Click the icon to view the income statement.) (Click the icon to view the balance sheet.) Use the information in Root Medical Supply, Inc.'s financial statements to compute the following: 1. Collections from customers 2. Payments for inventory 1. Compute the collections from customers. Assets 2018 2017 Select the formula needed to determine this amount and then enter the amounts to calculate the collections from...
A (Click the icon to view the additional information.) The 2018 income statement and comparative balance sheet of All Wired, Inc. follow: (Click the icon to view the income statement.) E: (Click the icon to view the comparative balance sheet.) Read the requirements. Requirement 1. Prepare the 2018 statement of cash flows, formatting operating activities by the indirect method. (Use a minus sign or parentheses for amounts that result in a decrease in cash. If a box is not used...
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