Homework Answers
A - $27,000
B - $95,000
C - $ 4,000
D - $50,000
E - $62,000
F - $51,000
G - $120,000
H - $70,000
I - 431,000
J - $50,000
K - $220,000
L - 465,000
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Preview Fle Edit View Go Tools Window Help s Financial-Accounti PDF-eTextbook (page 72 of 864) P1-5A...
P1-5A Financial statement information about four different companies is as follows. Donatello Company Leonardo Company Michelangelo...
P1-5A Financial statement information about four different companies is as follows. Donatello Company Leonardo Company Michelangelo Company Raphael Company January 1, 2019 Assets $ 75,000 $110,000 $150,000 Liabilities 48,000 (d) $ 75,000 6) Stockholders' equity (a) 60,000 45,000 100,000 December 31, 2019 Assets (b) 137,000 200,000 (k) Liabilities 55,000 75,000 (h) 80,000 Stockholders' equity 40,000 (c) 130,000 140,000 Stockholders' equity changes in year Additional investment 15,000 10,000 15,000 Dividends 6,000 14,000 10,000 Total revenues 350,000 420,000 500,000 Total expenses 335,000...
Instructions (A) Show the elects of the previous transactions on the accounting equation using the following...
Instructions (A) Show the elects of the previous transactions on the accounting equation using the following format. (a) Total assets $25,000 Assets Date Cash Accounts Receivable + Supplies + Equipment - Liabilities Notes Accounts Payable Pavable Common Stock Stockholders' Equity Retained Earnings Rev. - Exp - Div. Include margin explanations for any changes in the Retained Earnings account in your analysis. (b) Prepare an income statement for the month of June. (c) Prepare a balance sheet at June 30, 2017...
Preview File Edit View Go Tools Window M 14%D Mon 10:55 AM QE Help Problem Set...
Preview File Edit View Go Tools Window M 14%D Mon 10:55 AM QE Help Problem Set 2.pdf (page 1 of 2) - Edited @ Q Search 3, Megalopolis Bank has the following balance sheet and income statement. S $ Assets Cash and due from banks Investment securities Repurchase agreements Loans Fixed assets Other assets Balance Sheet (in millions) Liabilities and Equity 10,300 Demand deposits 36,000 NOW accounts 55,000 Retail CDs 103,000 Debentures 28,000 Total liabilities 5,300 Common stock Paid-in capital...
III. Financial Statement Preparation: The Statement of Cash Flows Company X Income Statement For the Year...
III. Financial Statement Preparation: The Statement of Cash Flows Company X Income Statement For the Year Ended 2018 Revenues $300,000 Expenses $210,000 Net Income $90,000 Company X Comparative Balance Sheet 12/31/18 December 31 2018 2017 Assets Cash $42,000 $10,000 Accounts Receivable 33,000 15,000 Investments (Marketable Securities) 38,000 25,000 Truck 48,000 22,000 Computer 19,000 12,000 Accumulated Depreciation (7,300) (3,500) Total Assets $172,700 $80,500 Liabilities & Stockholders’ Equity Accounts Payable $7,500 $14,000 Bonds Payable 30,000 ...
Calculator Financial statements We-Sell Realty was organized as a corporation on August 1, 2017, by the...
Calculator Financial statements We-Sell Realty was organized as a corporation on August 1, 2017, by the issuance of common stock of $15,000. We Sell Realty is owned and operated The following statements for We-Sell Realty were prepared after its first month of operations: We-Sell Realty Income Statement August 31, 2017 Sales commissions $140,000 Expenses: $87,000 Office salaries expense Rent expense Automobile expense Miscellaneous expense 18,000 7,500 2,200 1,150 Supplies expense Total expenses (115,850) Net income $25,000 Omar Farah Statement of...
Exercise 11.17 (East View Ltd) (g) Times interest earned ratio ST11.17 he comparative financial statements of...
Exercise 11.17 (East View Ltd)
(g) Times interest earned ratio ST11.17 he comparative financial statements of East View Ltd for the year ended 31 December are as follows East View Ltd Comparative income statement for the year ended 31 December 2016 2015 (RM) (RM) 260,000 300,000 Net sales (all credit sales) Less: Costs and expenses Cost of goods sold Selling and administration expenses Interest expenses 177,000 207,500 60,400 57,400 3,000 7,000 3,600 9,000 280,500 19,500 Income tax expenses Total costs...
Arlington Corporation's financial statements (dollars and shares are in millions) are provided here. Balance Sheets as...
Arlington Corporation's financial statements (dollars and shares are in millions) are provided here. Balance Sheets as of December 31 2016 2015 Assets Cash and equivalents 14,000 15,000 Accounts receivable 30,000 35,000 33,070 29,000 Inventories $ 83,070 Total current assets $73,000 Net plant and equipment 50,000 46,000 Total assets $133,070 $119,000 Liabilities and Equity Accounts payable $10,500 9,000 Accruals 7,100 6,000 Notes payable 6,600 5,050 $ 24,200 20,050 Total current liabilities Long-term bonds 10,000 10,000 Total liabilities 34,200 30,050 Common stock...
PR 1-2B Financial statements Obj. 5 The assets and liabilities of Wilderness Travel Service on April...
PR 1-2B Financial statements Obj. 5 The assets and liabilities of Wilderness Travel Service on April 30, 20Y7, and its revenue and expenses for the year are as follows: Accounts payable $ 25,000 Rent expense $ 75,000 Accounts receivable 210,000 Supplies 9,000 Cash 156,000 Supplies expense 12,000 Common stock 35,000 Taxes expense 10,000 Fees earned 875,000 Utilities expense 38,000 Miscellaneous expense 15,000 Wages expense 525,000 Common stock was $25,000 and retained earnings was $155,000 as of May 1, 20Y6. During...
MG770- Financial Reporting, Financial Statement Analysis, and Valuation Homework Assignment Week # 3 __________________________________________________________________________ Create the...
MG770- Financial Reporting, Financial Statement Analysis, and Valuation Homework Assignment Week # 3 __________________________________________________________________________ Create the statement of cash-flow with indirect method Interpret the result of the statement of cash flow with percentage Instruction: [1] Please use the balance sheet as follows to classify each activity (operating, investing, and financing) from the column of different. [2] please create a new statement of cash-flow from your classification on balance sheet. [3] The statement of cash flow will be provided to measure...
MG770- Financial Reporting, Financial Statement Analysis, and Valuation Homework Assignment Week # 3 __________________________________________________________________________ Create the...
MG770- Financial Reporting, Financial Statement Analysis, and Valuation Homework Assignment Week # 3 __________________________________________________________________________ Create the statement of cash-flow with indirect method Interpret the result of the statement of cash flow with percentage Instruction: [1] Please use the balance sheet as follows to classify each activity (operating, investing, and financing) from the column of different. [2] please create a new statement of cash-flow from your classification on balance sheet. [3] The statement of cash flow will be provided to measure...
P1-5A Financial statement information about four different companies is as follows. Donatello Company Leonardo Company Michelangelo Company Raphael Company January 1, 2019 Assets $ 75,000 $110,000 $150,000 Liabilities 48,000 (d) $ 75,000 6) Stockholders' equity (a) 60,000 45,000 100,000 December 31, 2019 Assets (b) 137,000 200,000 (k) Liabilities 55,000 75,000 (h) 80,000 Stockholders' equity 40,000 (c) 130,000 140,000 Stockholders' equity changes in year Additional investment 15,000 10,000 15,000 Dividends 6,000 14,000 10,000 Total revenues 350,000 420,000 500,000 Total expenses 335,000...
Instructions (A) Show the elects of the previous transactions on the accounting equation using the following format. (a) Total assets $25,000 Assets Date Cash Accounts Receivable + Supplies + Equipment - Liabilities Notes Accounts Payable Pavable Common Stock Stockholders' Equity Retained Earnings Rev. - Exp - Div. Include margin explanations for any changes in the Retained Earnings account in your analysis. (b) Prepare an income statement for the month of June. (c) Prepare a balance sheet at June 30, 2017...
Preview File Edit View Go Tools Window M 14%D Mon 10:55 AM QE Help Problem Set 2.pdf (page 1 of 2) - Edited @ Q Search 3, Megalopolis Bank has the following balance sheet and income statement. S $ Assets Cash and due from banks Investment securities Repurchase agreements Loans Fixed assets Other assets Balance Sheet (in millions) Liabilities and Equity 10,300 Demand deposits 36,000 NOW accounts 55,000 Retail CDs 103,000 Debentures 28,000 Total liabilities 5,300 Common stock Paid-in capital...
Calculator Financial statements We-Sell Realty was organized as a corporation on August 1, 2017, by the issuance of common stock of $15,000. We Sell Realty is owned and operated The following statements for We-Sell Realty were prepared after its first month of operations: We-Sell Realty Income Statement August 31, 2017 Sales commissions $140,000 Expenses: $87,000 Office salaries expense Rent expense Automobile expense Miscellaneous expense 18,000 7,500 2,200 1,150 Supplies expense Total expenses (115,850) Net income $25,000 Omar Farah Statement of...
Exercise 11.17 (East View Ltd)
(g) Times interest earned ratio ST11.17 he comparative financial statements of East View Ltd for the year ended 31 December are as follows East View Ltd Comparative income statement for the year ended 31 December 2016 2015 (RM) (RM) 260,000 300,000 Net sales (all credit sales) Less: Costs and expenses Cost of goods sold Selling and administration expenses Interest expenses 177,000 207,500 60,400 57,400 3,000 7,000 3,600 9,000 280,500 19,500 Income tax expenses Total costs...
Arlington Corporation's financial statements (dollars and shares are in millions) are provided here. Balance Sheets as of December 31 2016 2015 Assets Cash and equivalents 14,000 15,000 Accounts receivable 30,000 35,000 33,070 29,000 Inventories $ 83,070 Total current assets $73,000 Net plant and equipment 50,000 46,000 Total assets $133,070 $119,000 Liabilities and Equity Accounts payable $10,500 9,000 Accruals 7,100 6,000 Notes payable 6,600 5,050 $ 24,200 20,050 Total current liabilities Long-term bonds 10,000 10,000 Total liabilities 34,200 30,050 Common stock...
PR 1-2B Financial statements Obj. 5 The assets and liabilities of Wilderness Travel Service on April 30, 20Y7, and its revenue and expenses for the year are as follows: Accounts payable $ 25,000 Rent expense $ 75,000 Accounts receivable 210,000 Supplies 9,000 Cash 156,000 Supplies expense 12,000 Common stock 35,000 Taxes expense 10,000 Fees earned 875,000 Utilities expense 38,000 Miscellaneous expense 15,000 Wages expense 525,000 Common stock was $25,000 and retained earnings was $155,000 as of May 1, 20Y6. During...
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