Multiple Choice:
A) $79
B) $65
C) ($13)
D) $43
Homework Answers
| Net income | 52 |
| + Depreciation (218-211) | 7 |
| Accounts Receivable decrease (41-38) | 3 |
| Inventory decrease (75-58) | 17 |
| Accounts Payable decrease (55-46) | -9 |
| Accrued liabilities increase (22-21) | 1 |
| Income taxes decrease | -6 |
| Cash provided by operating activities | 65 |
Option B
Add Answer to:
Multiple Choice:
A) $79
B) $65
C) ($13)
D) $43
Alcoser Corporation's most recent balance sheet...
Alcoser Corporation's most recent balance sheet appears below: Comparative Balance Sheet Ending Balance Beginning Balance Assets:...
Alcoser Corporation's most recent balance sheet appears below: Comparative Balance Sheet Ending Balance Beginning Balance Assets: Cash and cash equivalents $ 75 $ 36 Accounts receivable 48 51 Inventory 68 95 Property, plant, and equipment 614 531 Less accumulated depreciation 238 221 Total assets $ 567 $ 492 Liabilities and stockholders' equity: Accounts payable $ 56 $ 65 Accrued liabilities 32 31 Income taxes payable 27 43 Bonds payable 244 215 Common stock 90 84 Retained earnings 118 54 Total...
Buckley Corporation's most recent comparative balance sheet appears below: Comparative Balance Sheet Ending Balance Beginning Balance...
Buckley Corporation's most recent comparative balance sheet appears below: Comparative Balance Sheet Ending Balance Beginning Balance Assets: Cash and cash equivalents $ 19 $ 20 Accounts receivable 26 27 Inventory 56 51 Property, plant, and equipment 686 550 Less accumulated depreciation 430 363 Total assets $ 357 $ 285 Liabilities and stockholders' equity: Accounts payable $ 30 $ 34 Bonds payable 43 40 Common stock 54 50 Retained earnings 230 161 Total liabilities and stockholders' equity $ 357 $ 285...
Buckley Corporation's most recent comparative balance sheet appears below: Comparative Balance Sheet Ending Balance Beginning Balance...
Buckley Corporation's most recent comparative balance sheet appears below: Comparative Balance Sheet Ending Balance Beginning Balance Assets: Cash and cash equivalents $ 19 $ 20 Accounts receivable 26 27 Inventory 56 51 Property, plant, and equipment 686 550 Less accumulated depreciation 430 363 Total assets $ 357 $ 285 Liabilities and stockholders' equity: Accounts payable $ 30 $ 34 Bonds payable 43 40 Common stock 54 50 Retained earnings 230 161 Total liabilities and stockholders' equity $ 357 $ 285...
2. Megan Corporation's net income last year was $106,000. Changes in the company's balance sheet accounts...
2.
Megan Corporation's net income last year was $106,000. Changes in the company's balance sheet accounts for the year appear below: Increases (Decreases) Asset and Contra-Asset Accounts Cash and cash equivalents $(9,400) (22,000) $ 7,000 Accounts receivable Inventory Prepaid expenses $(12,600) $ 88,000 Long-term investments Property, plant, and equipment Accumulated depreciation Liability and Equity Accounts $ 71,000 $ 74,000 Accounts payable 0 $ 19,120 $ (12,720) $ (42,000) Accrued liabilities Income taxes payable Bonds payable Common stock $28,000 Retained earnings...
Megan Corporation's net income last year was $110,000. Changes in the company's balance sheet accounts for...
Megan Corporation's net income last year was $110,000. Changes in the company's balance sheet accounts for the year appear below: Increases (Decreases) Asset and Contra-Asset Accounts: $ (12,600) Cash and cash equivalents Accounts receivable $(26,000) $ 9,000 $(15,400) $92,000 Inventory Prepaid expenses Long-term investments Property, plant, and equipment Accumulated depreciation Liability and Equity Accounts $ 79,000 $ 82,000 Accounts payable $ 0 Accrued liabilities $20,800 Income taxes payable Bonds payable (13,200) $ (48,000) Common stock $32,000 $ 52,400 Retained earnings...
Carriveau Corporation's most recent balance sheet appears below: Comparative Balance Sheet Ending Beginning Balance Balance $...
Carriveau Corporation's most recent balance sheet appears below: Comparative Balance Sheet Ending Beginning Balance Balance $ 31 73 Assets: Current assets: Cash and cash equivalents Accounts receivable Inventory Total current assets Property, plant, and equipment Less accumulated depreciation Net property, plant, and equipment 74 178 456 207 249 $427 $ 34 67 64 165 370 196 174 $339 Total assets Liabilities and stockholders' equity: Current liabilities: Accounts payable Accrued liabilities Income taxes payable Total current liabilities Bonds payable Total liabilities...
Sonier Corporation's most recent balance sheet appears below: Comparative Balance Sheet Ending Beginning Balance Balance Assets:...
Sonier Corporation's most recent balance sheet appears below: Comparative Balance Sheet Ending Beginning Balance Balance Assets: $ 30 $ 38 Cash and cash equivalents Accounts receivable 81 74 63 60 Inventory Property, plant, and equipment Less accumulated depreciation 488 400 236 200 $434 $364 Total assets Liabilities and stockholders' equity: Accounts payable Bonds payable $ 54 $ 52 154 200 Common stock 37 36 Retained earnings 76 189 $434 $364 Total liabilities and stockholders' equity The net income for the...
Megan Corporation's net income last year was $102,000. Changes in the company's balance sheet accounts for...
Megan Corporation's net income last year was $102,000. Changes in the company's balance sheet accounts for the year appear below: Increases (Decreases) Asset and Contra-Asset Accounts: Cash and cash equivalents $ (6,200 ) Accounts receivable $ (18,000 ) Inventory $ 5,000 Prepaid expenses $ (9,800 ) Long-term investments $ 84,000 Property, plant and equipment $ 63,000 Accumulated depreciation $ 66,000 Liability and Equity Accounts: Accounts payable $ 0 Accrued liabilities $ 17,440 Income taxes payable $ (12,240 ) Bonds payable...
llies Corporation's comparatve balance sheet appears below Comparative Balance Sheet Ending Beginning Balance Assets Current assets...
llies Corporation's comparatve balance sheet appears below Comparative Balance Sheet Ending Beginning Balance Assets Current assets Cash and cash equivalents 44,88 37,800 23,000 71,880 Accounts receivable 25,400 73,408 Inventory Total current assets 138,080 135,808 Property, plant, and equipment 378,080 164,880 347,800 136,800 Less accumulated depreciation Net property, plant, and equipment 206,880 211,808 $344,000 $346,800 Total assets Liabilities and stockholders' equity: Current liabilities: Accounts payable $ 22,000 23,400 58,889 52,800 132,800 Accrued liabilities 63,408 46,800 Income taxes payable Total current liabilities...
2. Comparative Balance Sheet Ending Beginning Balance Balance Assets: Current assets: Cash and cash equivalents 33,000...
2.
Comparative Balance Sheet Ending Beginning Balance Balance Assets: Current assets: Cash and cash equivalents 33,000 $26,300 Accounts receivable 19,000 22,000 62,000 59,000 Inventory Prepaid expenses 12,400 10,200 126,400 117,500 Total current assets Property, plant, and equipment 398,000 378,000 199,000 170,100 207,900 Less accumulated depreciation 199,000 Net property, plant, and equipment $325,400 $325,400 Total assets Liabilities and stockholders' equity: Current liabilities: $ 16,200 Accounts payable $11,000 Accrued liabilities 54,000 58,000 Income taxes payable 72,000 74,000 Total current liabilities 142,200 143,000...
2.
Megan Corporation's net income last year was $106,000. Changes in the company's balance sheet accounts for the year appear below: Increases (Decreases) Asset and Contra-Asset Accounts Cash and cash equivalents $(9,400) (22,000) $ 7,000 Accounts receivable Inventory Prepaid expenses $(12,600) $ 88,000 Long-term investments Property, plant, and equipment Accumulated depreciation Liability and Equity Accounts $ 71,000 $ 74,000 Accounts payable 0 $ 19,120 $ (12,720) $ (42,000) Accrued liabilities Income taxes payable Bonds payable Common stock $28,000 Retained earnings...
Megan Corporation's net income last year was $110,000. Changes in the company's balance sheet accounts for the year appear below: Increases (Decreases) Asset and Contra-Asset Accounts: $ (12,600) Cash and cash equivalents Accounts receivable $(26,000) $ 9,000 $(15,400) $92,000 Inventory Prepaid expenses Long-term investments Property, plant, and equipment Accumulated depreciation Liability and Equity Accounts $ 79,000 $ 82,000 Accounts payable $ 0 Accrued liabilities $20,800 Income taxes payable Bonds payable (13,200) $ (48,000) Common stock $32,000 $ 52,400 Retained earnings...
Carriveau Corporation's most recent balance sheet appears below: Comparative Balance Sheet Ending Beginning Balance Balance $ 31 73 Assets: Current assets: Cash and cash equivalents Accounts receivable Inventory Total current assets Property, plant, and equipment Less accumulated depreciation Net property, plant, and equipment 74 178 456 207 249 $427 $ 34 67 64 165 370 196 174 $339 Total assets Liabilities and stockholders' equity: Current liabilities: Accounts payable Accrued liabilities Income taxes payable Total current liabilities Bonds payable Total liabilities...
Sonier Corporation's most recent balance sheet appears below: Comparative Balance Sheet Ending Beginning Balance Balance Assets: $ 30 $ 38 Cash and cash equivalents Accounts receivable 81 74 63 60 Inventory Property, plant, and equipment Less accumulated depreciation 488 400 236 200 $434 $364 Total assets Liabilities and stockholders' equity: Accounts payable Bonds payable $ 54 $ 52 154 200 Common stock 37 36 Retained earnings 76 189 $434 $364 Total liabilities and stockholders' equity The net income for the...
llies Corporation's comparatve balance sheet appears below Comparative Balance Sheet Ending Beginning Balance Assets Current assets Cash and cash equivalents 44,88 37,800 23,000 71,880 Accounts receivable 25,400 73,408 Inventory Total current assets 138,080 135,808 Property, plant, and equipment 378,080 164,880 347,800 136,800 Less accumulated depreciation Net property, plant, and equipment 206,880 211,808 $344,000 $346,800 Total assets Liabilities and stockholders' equity: Current liabilities: Accounts payable $ 22,000 23,400 58,889 52,800 132,800 Accrued liabilities 63,408 46,800 Income taxes payable Total current liabilities...
2.
Comparative Balance Sheet Ending Beginning Balance Balance Assets: Current assets: Cash and cash equivalents 33,000 $26,300 Accounts receivable 19,000 22,000 62,000 59,000 Inventory Prepaid expenses 12,400 10,200 126,400 117,500 Total current assets Property, plant, and equipment 398,000 378,000 199,000 170,100 207,900 Less accumulated depreciation 199,000 Net property, plant, and equipment $325,400 $325,400 Total assets Liabilities and stockholders' equity: Current liabilities: $ 16,200 Accounts payable $11,000 Accrued liabilities 54,000 58,000 Income taxes payable 72,000 74,000 Total current liabilities 142,200 143,000...
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