Homework Answers
Cash- $150
Notes Payable- $100
Common Stock- $ 200
Retained Earnings- $0
The amount of Cash investors receive will be the ready cash less the cash paid to notes payable.
Cash = $150
less: Notes Payable= $100
Therefore the cash received by the investors shall be $150-$100 = $50
further, in the process of liquidation
the common stocks will be sold and cash will be received.
The correct answer will be Option be Option A $50
Add Answer to:
ABC Company has decided to liquidate. Accounts and balances are as follows: Notes Common Retained "Payable...
ABC Company has the following accounts and balances: Account Balance Cash $660 Land $520 Notes Payable...
ABC Company has the following accounts and balances: Account Balance Cash $660 Land $520 Notes Payable $? Common Stock $360 Retained Earnings $560 Based on the above information only, the balance for the Notes Payable account must be: $260 $200 $920 $2100
At the beginning of Year 2, ABC Company's accounting records had the following accounts and balances:...
At the beginning of Year 2, ABC Company's accounting records had the following accounts and balances: Cash Land Notes Common Retained Payable Stock Earnings $400 $600 $200 $500 $300 During Year 2, ABC Company had the following transactions: • ABC Co. purchased land for $100 cash. • ABC Co. acquired $200 cash from the issue of common stock What is the balance of ABC Company's Notes Payable account at the end of Year 2? $400 $200 $300 $100
Assets in millions) Liabilities (in millions) Cash 300 Accounts payable 50 Accounts receivable 100 Notes payable...
Assets in millions) Liabilities (in millions) Cash 300 Accounts payable 50 Accounts receivable 100 Notes payable 150 Inventories 200 Total Current Liabilities: 200 Total Current Assets: 600 Long Term Debt 100 Equipment 300 Total Liabilities: 300 Land 100 Common Stock 300 Total Fixed Assets: 400 Retained Earnings 400 Total Assets: 1000 Total Common Equity 700 You are asked to prepare a pro forma balance sheet given the following information. Net earnings are expected to be $100 million. The company wants...
ABC Company had the following accounts and balances for its first year of operations: Cash $6...
ABC Company had the following accounts and balances for its first year of operations: Cash $6 Common Stock $65 Dividends $0 Equipment $30 Expenses $32 Land $151 Notes Payable $82 Retained Earnings $40 Revenue $72 What value would be reported for Total Assets on the Balance Sheet? $187 $6 $157 $40
A company has the following balance sheet accounts: Cash Accounts Payable Retained Earnings $20,000 $2.000 $10,000...
A company has the following balance sheet accounts: Cash Accounts Payable Retained Earnings $20,000 $2.000 $10,000 Accounts Receivable Common Stock Notes Payable $20,000 $5,000 What is the balance of Accounts Receivable?
Kolander Company has the following accounts and balances at the end of the year: What is...
Kolander Company has the following accounts and balances at the
end of the year:
What is the amount of Retained Earnings at the end of the
year?
Long-Term Notes Payable Accounts Receivable Accounts Payable Building Cash and Cash Equivalents Common Stock Interest Payable Land Short-term Investments Income Taxes Payable Equipment Supplies $50,000 $28,000 $39,000 $56,000 $80,000 $123,000 $5,500 $40,000 $8,000 $14,000 $60,500 $9,000
ABC Company had the following accounts and balances for its first year of operations: $72 Cash...
ABC Company had the following accounts and balances for its first year of operations: $72 Cash Common Stock Dividends Equipment Expenses $6 $22 $46 Land $128 Notes Payable $73 Retained Earnings $11 Revenue $63 What value would be reported for Total Liabilities and Stockholders' Equity on the Balance Sheet? $156 $83 $162 $312
Macro Company has the following adjusted accounts and balances at June 30: Macro Company has the...
Macro Company has the following
adjusted accounts and balances at June 30:
Macro Company has the following adjusted accounts and balances at June 30: Accounts Payable Accounts Receivable Accumulated Amortization Accumulated Depreciation Cash Common Stock Deferred Revenue Depreciation Expense Equipment Income Tax Expense Income Tax Payable Interest Expense Interest Revenue Notes Payable (long-term) Office Expenses Prepaid Rent Rent Expense Retained Earnings Salaries and Wages Expense Sales Revenue Software Supplies $ 240 490 120 190 960 240 70 80 1,340 80...
0.12 points Accounts Equipment Accounts payable Salaries expense Common stock Land Notes payable Service revenue Cash...
0.12 points Accounts Equipment Accounts payable Salaries expense Common stock Land Notes payable Service revenue Cash Retained earnings Balances $26,000 3,000 33,000 11,000 18,000 20,000 39,000 6,000 eBook Required: Use only the appropriate accounts to prepare a balance sheet. Hint WOLFPACK CONSTRUCTION Balance Sheet December 31 Print Assets Liabilities $ 3,0 $ References Cash Land Equipment 6,000 Accounts payable 18,000 Notes payable 20,0 26,000 Total liabilities Stockholders' Equity Common stock Retained earnings 16. Total stockholders' equity null $
5. Beginning (1/1/2019) retained earnings (RE) is $100. Ending balances (12/31/2019) are: Additional Paid In Capital...
5. Beginning (1/1/2019) retained earnings (RE) is $100. Ending balances (12/31/2019) are: Additional Paid In Capital (APIC) 190; Cash 200; Notes Payable ((N/P) long-term) 50; Unearned Revenue 30; Net Income 150; Accounts Receivable (A/R) 100; Supplies (asset) 50; Dividends 50; Prepaid Insurance 50; Equipment 120; Accounts Payable (A/P) 20; Accumulated Depreciation 20. Please prepare a 12/31/2019 Balance Sheet for ABC Company in good form.
ABC Company has the following accounts and balances: Account Balance Cash $660 Land $520 Notes Payable $? Common Stock $360 Retained Earnings $560 Based on the above information only, the balance for the Notes Payable account must be: $260 $200 $920 $2100
At the beginning of Year 2, ABC Company's accounting records had the following accounts and balances: Cash Land Notes Common Retained Payable Stock Earnings $400 $600 $200 $500 $300 During Year 2, ABC Company had the following transactions: • ABC Co. purchased land for $100 cash. • ABC Co. acquired $200 cash from the issue of common stock What is the balance of ABC Company's Notes Payable account at the end of Year 2? $400 $200 $300 $100
Assets in millions) Liabilities (in millions) Cash 300 Accounts payable 50 Accounts receivable 100 Notes payable 150 Inventories 200 Total Current Liabilities: 200 Total Current Assets: 600 Long Term Debt 100 Equipment 300 Total Liabilities: 300 Land 100 Common Stock 300 Total Fixed Assets: 400 Retained Earnings 400 Total Assets: 1000 Total Common Equity 700 You are asked to prepare a pro forma balance sheet given the following information. Net earnings are expected to be $100 million. The company wants...
ABC Company had the following accounts and balances for its first year of operations: Cash $6 Common Stock $65 Dividends $0 Equipment $30 Expenses $32 Land $151 Notes Payable $82 Retained Earnings $40 Revenue $72 What value would be reported for Total Assets on the Balance Sheet? $187 $6 $157 $40
A company has the following balance sheet accounts: Cash Accounts Payable Retained Earnings $20,000 $2.000 $10,000 Accounts Receivable Common Stock Notes Payable $20,000 $5,000 What is the balance of Accounts Receivable?
Kolander Company has the following accounts and balances at the
end of the year:
What is the amount of Retained Earnings at the end of the
year?
Long-Term Notes Payable Accounts Receivable Accounts Payable Building Cash and Cash Equivalents Common Stock Interest Payable Land Short-term Investments Income Taxes Payable Equipment Supplies $50,000 $28,000 $39,000 $56,000 $80,000 $123,000 $5,500 $40,000 $8,000 $14,000 $60,500 $9,000
ABC Company had the following accounts and balances for its first year of operations: $72 Cash Common Stock Dividends Equipment Expenses $6 $22 $46 Land $128 Notes Payable $73 Retained Earnings $11 Revenue $63 What value would be reported for Total Liabilities and Stockholders' Equity on the Balance Sheet? $156 $83 $162 $312
Macro Company has the following
adjusted accounts and balances at June 30:
Macro Company has the following adjusted accounts and balances at June 30: Accounts Payable Accounts Receivable Accumulated Amortization Accumulated Depreciation Cash Common Stock Deferred Revenue Depreciation Expense Equipment Income Tax Expense Income Tax Payable Interest Expense Interest Revenue Notes Payable (long-term) Office Expenses Prepaid Rent Rent Expense Retained Earnings Salaries and Wages Expense Sales Revenue Software Supplies $ 240 490 120 190 960 240 70 80 1,340 80...
0.12 points Accounts Equipment Accounts payable Salaries expense Common stock Land Notes payable Service revenue Cash Retained earnings Balances $26,000 3,000 33,000 11,000 18,000 20,000 39,000 6,000 eBook Required: Use only the appropriate accounts to prepare a balance sheet. Hint WOLFPACK CONSTRUCTION Balance Sheet December 31 Print Assets Liabilities $ 3,0 $ References Cash Land Equipment 6,000 Accounts payable 18,000 Notes payable 20,0 26,000 Total liabilities Stockholders' Equity Common stock Retained earnings 16. Total stockholders' equity null $
5. Beginning (1/1/2019) retained earnings (RE) is $100. Ending balances (12/31/2019) are: Additional Paid In Capital (APIC) 190; Cash 200; Notes Payable ((N/P) long-term) 50; Unearned Revenue 30; Net Income 150; Accounts Receivable (A/R) 100; Supplies (asset) 50; Dividends 50; Prepaid Insurance 50; Equipment 120; Accounts Payable (A/P) 20; Accumulated Depreciation 20. Please prepare a 12/31/2019 Balance Sheet for ABC Company in good form.
Most questions answered within 3 hours.
-
Find the complete optimal solution to this linear programming
problem. Max 5x + 3y s.t. 2x...
asked 8 minutes ago -
The pH of an acetate buffer was determined to be 4.76. Then, a
few drops of...
asked 11 minutes ago -
a sample of size 1500 is used to find a confidence
interval for the percentage of...
asked 20 minutes ago -
Explain in detail the differences between qualitative and
quantitative forecasts. Include at least two examples of...
asked 25 minutes ago -
Differentiate between response time and throughput.
Explain how the physical design of a database influences
performance...
asked 27 minutes ago -
Write MATLAB code to plot the following
waveforms.
Rectangular pulses:
????(?)
????(? − ?)
????(?/?) ...
asked 26 minutes ago -
4. Adam’s Inc.’s outstanding common stock is currently selling
in the market for $28. Dividends of...
asked 38 minutes ago -
question
you were
asked to create a regression that will predict the amount of saving
for...
asked 45 minutes ago -
If tcalc = -2.78, tcrit = 1.96, H0: Mu > Mu0, and Xbar <
Mu0, what...
asked 1 hour ago -
Circular distribution
•Suppose two birds are flying, one is flying from the north and
the other...
asked 1 hour ago -
please answer all... it all counts as a discussion problem
1a qualitative data and proportions: Suppose...
asked 1 hour ago -
Typing The Answer Is Mandatory
Temperature is a measure of heat. More heat means that more...
asked 1 hour ago