Homework Answers
1)Mortgage payable (Current) of $ 22,000 of existing debt must be paid during the 20X3 because it is a current liability and it must be paid within year.
2) Total Current Assets at the end of 20X2 = $12,000 + $18,500 = $30,500
3) The amount of net working capital at the end of 20X2 = Total Current Assets - Total Current Liabilities
=$30,500 - $51.000
= - $20,500
4)The account receivable has decreased in 20X2 as compared to 20X11. This lead to that cash balance at the end will be increased.
5)$30,000(Treasury Stock) the Foxtail owe it's shareholders at the end of 20X2
6) The net book value of the Foxtail's fixed assets at end of 20X2 = $325,000 - $64.000
=$261,000
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as asked for your hela to present you with Regalo Pure comparative Bull the USALK Note:...
6. What is the net book value of The Foxtail's fixed assets at the end of...
6. What is the net book value of The Foxtail's fixed assets at the end of 20X27 Mbit the owner of The Foxtail, a small lodging operation, has asked for your help in understanding the balance sheets for 20X1 and 20X2. She is able to present you with the Problem 14 the USALL. No PT AC Ot condensed balance sheets as follows: The Foxtail Condensed Balance Sheets December 31, 20X1 and 20X2 20X1 $ 10,000 26,500 10,000 200,000 (20,000) $...
Listed below are the comparative balance sheets for the current year (20X2) and for the prior...
Listed below are the comparative balance sheets for the current year (20X2) and for the prior year (20x1) of Johnson Corporation. 12/31/20x2 12/31/20X1 Cash Accounts receivable Inventory Prepaid expenses Investments Plant and equipment Accumulated depreciation Total Assets $ 59,000 45,000 29,000 5,000 200,000 535,000 (297,000) $ 576,000 27,000 41,000 10,000 230,000 520,000 (270,000) $ 594,000 Accounts payable Salaries payable Taxes payable Bonds payable Common stock Retained earnings Total Liabilities and Equity $ 19,000 37,000 27,000 10,000 130,000 353,000 $ 576,000...
Listed below are the comparative balance sheets for the current year (20X2) and for the prior...
Listed below are the comparative balance sheets for the current year (20X2) and for the prior year (20x1) of Johnson Corporation. 12/31/20X2 1 2/31/20X1 Cash Accounts receivable Inventory Prepaid expenses Investments Plant and equipment Accumulated depreciation Total Assets $ 59,000 45,000 29,000 5,000 200,000 535,000 (297,000) $ 576,000 $ 36,000 27,000 41,000 10,000 230,000 520,000 (270,000) $ 594,000 7 Accounts payable Salaries payable Taxes payable Bonds payable Common stock Retained earnings Total Liabilities and Equity $ 19,000 37,000 27,000 10,000...
cee the comparative balance sheets of Star Wars Hotel Corp., Inc. for the y 2019. orp.,...
cee the comparative balance sheets of Star Wars Hotel Corp., Inc. for the y 2019. orp., Inc. for the years 2018 and 2019 Star Wars Hotel Corp., Inc. Condensed Balance Sheets December 31, 2018 and 2019 Current assets: 2018 Cash $10,000 Marketable securities 35,000 Accounts receivable 26,500 Inventories 10,000 Prepaid Expenses 15,000 Noncurrent assets: Property, Plant & Equipment 200,000 Accumulated depreciation (20.000) Total Assets $276,500 $12,000 32,000 18,500 20,000 16,000 325,000 (64,000) $359,500 Current liabilities: Accounts payable Mortgage payable (current)...
74 Chapter 2 Problem 10 Alpha Café Unclassified Balance Sheets December 31, 20X1 and 20X2 20X2...
74 Chapter 2 Problem 10 Alpha Café Unclassified Balance Sheets December 31, 20X1 and 20X2 20X2 $ 30,000 30,000 26,000 18,000 25,000 555,000 (200,000) $484.000 20X1 $ 15,000 Cash 25,000 Marketable Securities 24,000 Accounts Receivable 20,000 Inventory 10,000 Prepaid Expenses 420,000 Equipment (180,000) Accumulated Depreciation $334,000 Total Assets ch Current Liabilities: Serene Accounts Payable $15,000 blonde Accrued Expenses 10,000 Dividends Payable 12 23,000 Mortgage Payable (current) e s lo 20,000 Mortgage Payable (long-term) 150,000 Common Stock 120,000 Treasury Stock nobstbewo...
A comparative balance sheet for “Alpha” Company containing data in € for the last recent years...
A comparative balance sheet for “Alpha” Company containing data
in € for the last
recent years is as follows:
Required:
1. Prepare the cash flow statement for “Alpha” Company for this
year 20X2,
using the indirect method.
2. Prepare the cash flow statement for “Alpha” Company for this
year 20X2,
using the direct method. .
20X2 20X2 20X1 Assets Fixed assets: Land Buildings Less accumulated depreciation Equipment Less accumulated depreciation Total fixed assets 170,000 450.000 (110,000) Comparative Balance Sheet Liabilities...
A comparative balance sheet for “Alpha” Company containing data in € for the last recent years...
A comparative balance sheet for “Alpha” Company containing data
in € for the last
recent years is as follows:
Required:
1. Prepare the cash flow statement for “Alpha” Company for this
year 20X2,
using the direct method. .
2. How can a firm distribute (finance) a positive (negative) cash
component of
earnings? Explain briefly (max: 300 words)
20X2 20X2 20X1 Assets Fixed assets: Land Buildings Less accumulated depreciation Equipment Less accumulated depreciation Total fixed assets 170,000 450.000 (110,000) Comparative Balance...
ting activity, (3) a finance ation are becoming the aring her statement ets and some additional...
ting activity, (3) a finance ation are becoming the aring her statement ets and some additional 226 Chapter 4 Required: Identify each activity as (1) an operating activity, (2) an investing act activity (4) a non-cash activity, or (5) none of the above. Problem 25 The operations of North Shore Motel, a small lodging operation complex. Lu Wong, the owner, has asked for your help in preparin cash flows. She is able to present you with condensed balance sheets and...
A comparative balance sheet for “Alpha” Company containing data in € for the last recent years...
A comparative balance sheet for “Alpha” Company containing data
in € for the last
recent years is as follows:
Required:
1. Prepare the cash flow statement for “Alpha” Company for this
year 20X2,
using the indirect method.
2. Prepare the cash flow statement for “Alpha” Company for this
year 20X2,
using the direct method. .
3. How can a firm distribute (finance) a positive (negative) cash
component of
earnings? Explain briefly (max: 300 words)
20X2 20X2 20X1 Assets Fixed assets:...
A comparative balance sheet for “Alpha” Company containing data in € for the last recent years...
A comparative balance sheet for “Alpha” Company containing data
in € for the last
recent years is as follows:
Required:
1. Prepare the cash flow statement for “Alpha” Company for this
year 20X2,
using the indirect method.
2. Prepare the cash flow statement for “Alpha” Company for this
year 20X2,
using the direct method. .
3. How can a firm distribute (finance) a positive (negative) cash
component of
earnings? Explain briefly (max: 300 words)
20X2 20X2 20X1 Assets Fixed assets:...
6. What is the net book value of The Foxtail's fixed assets at the end of 20X27 Mbit the owner of The Foxtail, a small lodging operation, has asked for your help in understanding the balance sheets for 20X1 and 20X2. She is able to present you with the Problem 14 the USALL. No PT AC Ot condensed balance sheets as follows: The Foxtail Condensed Balance Sheets December 31, 20X1 and 20X2 20X1 $ 10,000 26,500 10,000 200,000 (20,000) $...
Listed below are the comparative balance sheets for the current year (20X2) and for the prior year (20x1) of Johnson Corporation. 12/31/20x2 12/31/20X1 Cash Accounts receivable Inventory Prepaid expenses Investments Plant and equipment Accumulated depreciation Total Assets $ 59,000 45,000 29,000 5,000 200,000 535,000 (297,000) $ 576,000 27,000 41,000 10,000 230,000 520,000 (270,000) $ 594,000 Accounts payable Salaries payable Taxes payable Bonds payable Common stock Retained earnings Total Liabilities and Equity $ 19,000 37,000 27,000 10,000 130,000 353,000 $ 576,000...
Listed below are the comparative balance sheets for the current year (20X2) and for the prior year (20x1) of Johnson Corporation. 12/31/20X2 1 2/31/20X1 Cash Accounts receivable Inventory Prepaid expenses Investments Plant and equipment Accumulated depreciation Total Assets $ 59,000 45,000 29,000 5,000 200,000 535,000 (297,000) $ 576,000 $ 36,000 27,000 41,000 10,000 230,000 520,000 (270,000) $ 594,000 7 Accounts payable Salaries payable Taxes payable Bonds payable Common stock Retained earnings Total Liabilities and Equity $ 19,000 37,000 27,000 10,000...
cee the comparative balance sheets of Star Wars Hotel Corp., Inc. for the y 2019. orp., Inc. for the years 2018 and 2019 Star Wars Hotel Corp., Inc. Condensed Balance Sheets December 31, 2018 and 2019 Current assets: 2018 Cash $10,000 Marketable securities 35,000 Accounts receivable 26,500 Inventories 10,000 Prepaid Expenses 15,000 Noncurrent assets: Property, Plant & Equipment 200,000 Accumulated depreciation (20.000) Total Assets $276,500 $12,000 32,000 18,500 20,000 16,000 325,000 (64,000) $359,500 Current liabilities: Accounts payable Mortgage payable (current)...
74 Chapter 2 Problem 10 Alpha Café Unclassified Balance Sheets December 31, 20X1 and 20X2 20X2 $ 30,000 30,000 26,000 18,000 25,000 555,000 (200,000) $484.000 20X1 $ 15,000 Cash 25,000 Marketable Securities 24,000 Accounts Receivable 20,000 Inventory 10,000 Prepaid Expenses 420,000 Equipment (180,000) Accumulated Depreciation $334,000 Total Assets ch Current Liabilities: Serene Accounts Payable $15,000 blonde Accrued Expenses 10,000 Dividends Payable 12 23,000 Mortgage Payable (current) e s lo 20,000 Mortgage Payable (long-term) 150,000 Common Stock 120,000 Treasury Stock nobstbewo...
A comparative balance sheet for “Alpha” Company containing data
in € for the last
recent years is as follows:
Required:
1. Prepare the cash flow statement for “Alpha” Company for this
year 20X2,
using the indirect method.
2. Prepare the cash flow statement for “Alpha” Company for this
year 20X2,
using the direct method. .
20X2 20X2 20X1 Assets Fixed assets: Land Buildings Less accumulated depreciation Equipment Less accumulated depreciation Total fixed assets 170,000 450.000 (110,000) Comparative Balance Sheet Liabilities...
A comparative balance sheet for “Alpha” Company containing data
in € for the last
recent years is as follows:
Required:
1. Prepare the cash flow statement for “Alpha” Company for this
year 20X2,
using the direct method. .
2. How can a firm distribute (finance) a positive (negative) cash
component of
earnings? Explain briefly (max: 300 words)
20X2 20X2 20X1 Assets Fixed assets: Land Buildings Less accumulated depreciation Equipment Less accumulated depreciation Total fixed assets 170,000 450.000 (110,000) Comparative Balance...
ting activity, (3) a finance ation are becoming the aring her statement ets and some additional 226 Chapter 4 Required: Identify each activity as (1) an operating activity, (2) an investing act activity (4) a non-cash activity, or (5) none of the above. Problem 25 The operations of North Shore Motel, a small lodging operation complex. Lu Wong, the owner, has asked for your help in preparin cash flows. She is able to present you with condensed balance sheets and...
A comparative balance sheet for “Alpha” Company containing data
in € for the last
recent years is as follows:
Required:
1. Prepare the cash flow statement for “Alpha” Company for this
year 20X2,
using the indirect method.
2. Prepare the cash flow statement for “Alpha” Company for this
year 20X2,
using the direct method. .
3. How can a firm distribute (finance) a positive (negative) cash
component of
earnings? Explain briefly (max: 300 words)
20X2 20X2 20X1 Assets Fixed assets:...
A comparative balance sheet for “Alpha” Company containing data
in € for the last
recent years is as follows:
Required:
1. Prepare the cash flow statement for “Alpha” Company for this
year 20X2,
using the indirect method.
2. Prepare the cash flow statement for “Alpha” Company for this
year 20X2,
using the direct method. .
3. How can a firm distribute (finance) a positive (negative) cash
component of
earnings? Explain briefly (max: 300 words)
20X2 20X2 20X1 Assets Fixed assets:...
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