Homework Answers
Balance sheet: Balance sheet format included asset one part ,liabilities and shareholders equity another part. Assets are cash, equipment, machinery etc
Liabilities are Bills payable , Long term debt and Share holders equity included the Retained earnings etc.
Income Statement : Net income calculate the Revenue ater Substracting Cost of goods sold , Expenses , interest and Taxes. Etc finally We get Net income or losses .
Cash flow statement has 3 main section those are cash from operating activities, investing activities and Financing activities , Net decrease or increase Transaction included in ash flow statement.
| Assets | balance sheet (B) |
| Cash from Operating activities | statement of cash flows (CF) |
| Equipment | balance sheet (B), |
| Expenses | income statement (I) |
| Liabilities | balance sheet (B), |
| Net decrease(or increase) in cash | statement of cash flows (CF) |
| Revenues | income statement (I) |
| Total liabilities and equity | balance sheet (B), |
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ndicate in which financial statement each item would most likely appear, by selecting income statement (1),...
Indicate in which financial statement each item would most likely appear, by selecting Income statement (1),...
Indicate in which financial statement each item would most likely appear, by selecting Income statement (1), balance sheet (B), or statement of cash flows (CF) from the drop down provided. B a. Wages payable b. Fuel expense c. Net decrease (or increase) in cash d. Utilities expense e. Cash from operating activities f. Cash flows from financing activities Salaries payable h. Taxes payable CF 1
Indicate in which financial statementis) each item would most likely appear, by selecting income statement ()...
Indicate in which financial statementis) each item would most likely appear, by selecting income statement () balance sheet (B) statement of owners equity (E). or cash from operating activities (CF) from the drop down provided a Wages payable b Fuel expense C Taxes payable d Not decrease (or increase) in cash e Utibes expense Supplies exponse
Indicate in which financial statement(s) each item would most likely appear, by selecting income statement (1),...
Indicate in which financial statement(s) each item would most likely appear, by selecting income statement (1), balance sheet (B), statement of retained earnings (E), or cash from operating activities (CF) from the drop down provided. a. Haircutting revenue b. Commission revenue C. Cash from operating activities d. Rental revenue e. Trucks f. Rent expense g. Buildings h. Net decrease (or increase) in cash i. Factory
Indicate in which financial statement each item would most likely appear, by selecting income statement (1),...
Indicate in which financial statement each item would most likely appear, by selecting income statement (1), balance sheet (B), or statement of cash flows (CF) from the drop down provided. a. Salaries expense b. Land c. Accounts payable d. Utilities expense e. Taxes expense f. Net decrease (or increase) in cash g. Supplies expense h. Insurance expense
Indicate in which financial statement(s) each item would most likely appear, by selecting income statement (1),...
Indicate in which financial statement(s) each item would most likely appear, by selecting income statement (1), balance sheet (B), statement of retained earnings (E), or Statement of cash flows (CF) from the drop down provided. Postage expense b. Common stock c. Dividends d. Rent expense e. Note payable f. Supplies expense g. Supplies h. Insurance expense i. Equipment Indicate whether a debit or credit decreases the normal balance of each of the following accounts. Decrease Normal Balance a. c. e....
Extra Credit-Ch's 123 Saved Help Save Indicate in which financial statement(s) each item would most likely appear, b...
Extra Credit-Ch's 123 Saved Help Save Indicate in which financial statement(s) each item would most likely appear, by selecting income statement (I). balance sheet (B). statement of retained earnings (E), or cash from operating activities (CF) from the drop down provided. points eBook a. Dividends Postage expense Janitorial expense d. Rent payable Factory Haircutting revenue g Cash from operating activities h. Legal expense i Advertising expense
Required Identify whether each of the following items would appear on the income statement (IS), statement...
Required Identify whether each of the following items would appear on the income statement (IS), statement of changes in stockholders' equity (SE), balance sheet (BS), or statement of cash flows (CF). Some items may appear on more than one statement; If so, Identify all applicable statements. (Not all cells will require entry.) Statement Statement ces Item/Account a. Supplies b. Cash Flow from Financing Activities "As of Date Notation d. Ending Retained Earnings 0. Net Income 1. Dividends Net Change in...
Data Table Press Exercise Equipment, Inc. Income Statement Year Ended December 31, 2018 Net Sales Revenue...
Data Table Press Exercise Equipment, Inc. Income Statement Year Ended December 31, 2018 Net Sales Revenue $ 717,000 340,000 377,000 Cost of Goods Sold Gross Profit Operating Expenses: Depreciation Expense $ 46,000 180,000 Other Operating Expenses Total Operating Expenses 226,000 $ 151,000 Net Income i Data Table Press Exercise Equipment, Inc. Comparative Balance Sheet December 31, 2018 and 2017 2018 2017 Assets Current Assets: Cash Accounts Receivable 18,000 $ 56,000 83,000 14,000 49,000 86,000 Merchandise Inventory Long-term Assets: Plant Assets...
The income statement and unclassified statement of financial position for Wildhorse, Inc. follow: WILDHORSE, INC. Statement...
The income statement and unclassified statement of financial position for Wildhorse, Inc. follow: WILDHORSE, INC. Statement of Financial Position December 31 Assets 2018 Cash $100,000 Held for trading investments 120,000 Accounts receivable 76,000 Inventory 122,700 Prepaid expenses 19,000 Property, plant, and equipment 316,000 Accumulated depreciation (47,000) Total assets $706,700 Liabilities and Shareholders' Equity Accounts payable $93,500 Accrued liabilities 12,000 Bank loan payable 131,200 Common shares 220,000 Retained earnings 250,000 Total liabilities and shareholders' equity $706,700 2017 $48,500 114,500 42,700 94,550...
6. Identify This Financial Statement: Which financial statement would best display a company's plant, property and...
6. Identify This Financial Statement: Which financial statement would best display a company's plant, property and equipment used in their factory everyday to help generate sales revenue? A) Income Statement B) Statement of Retained Earnings C) Balance Sheet D) Statement of Cash Flows nol ebast 9/7O i smoAbabolroeA 7. Understanding This Financial Statement: The Statement of Cash Flows reflects a section for each of the major categories of business activities as of the reporting date. Accordingly, the Statement of Cash...
Indicate in which financial statement each item would most likely appear, by selecting Income statement (1), balance sheet (B), or statement of cash flows (CF) from the drop down provided. B a. Wages payable b. Fuel expense c. Net decrease (or increase) in cash d. Utilities expense e. Cash from operating activities f. Cash flows from financing activities Salaries payable h. Taxes payable CF 1
Indicate in which financial statementis) each item would most likely appear, by selecting income statement () balance sheet (B) statement of owners equity (E). or cash from operating activities (CF) from the drop down provided a Wages payable b Fuel expense C Taxes payable d Not decrease (or increase) in cash e Utibes expense Supplies exponse
Indicate in which financial statement(s) each item would most likely appear, by selecting income statement (1), balance sheet (B), statement of retained earnings (E), or cash from operating activities (CF) from the drop down provided. a. Haircutting revenue b. Commission revenue C. Cash from operating activities d. Rental revenue e. Trucks f. Rent expense g. Buildings h. Net decrease (or increase) in cash i. Factory
Indicate in which financial statement each item would most likely appear, by selecting income statement (1), balance sheet (B), or statement of cash flows (CF) from the drop down provided. a. Salaries expense b. Land c. Accounts payable d. Utilities expense e. Taxes expense f. Net decrease (or increase) in cash g. Supplies expense h. Insurance expense
Indicate in which financial statement(s) each item would most likely appear, by selecting income statement (1), balance sheet (B), statement of retained earnings (E), or Statement of cash flows (CF) from the drop down provided. Postage expense b. Common stock c. Dividends d. Rent expense e. Note payable f. Supplies expense g. Supplies h. Insurance expense i. Equipment Indicate whether a debit or credit decreases the normal balance of each of the following accounts. Decrease Normal Balance a. c. e....
Extra Credit-Ch's 123 Saved Help Save Indicate in which financial statement(s) each item would most likely appear, by selecting income statement (I). balance sheet (B). statement of retained earnings (E), or cash from operating activities (CF) from the drop down provided. points eBook a. Dividends Postage expense Janitorial expense d. Rent payable Factory Haircutting revenue g Cash from operating activities h. Legal expense i Advertising expense
Required Identify whether each of the following items would appear on the income statement (IS), statement of changes in stockholders' equity (SE), balance sheet (BS), or statement of cash flows (CF). Some items may appear on more than one statement; If so, Identify all applicable statements. (Not all cells will require entry.) Statement Statement ces Item/Account a. Supplies b. Cash Flow from Financing Activities "As of Date Notation d. Ending Retained Earnings 0. Net Income 1. Dividends Net Change in...
Data Table Press Exercise Equipment, Inc. Income Statement Year Ended December 31, 2018 Net Sales Revenue $ 717,000 340,000 377,000 Cost of Goods Sold Gross Profit Operating Expenses: Depreciation Expense $ 46,000 180,000 Other Operating Expenses Total Operating Expenses 226,000 $ 151,000 Net Income i Data Table Press Exercise Equipment, Inc. Comparative Balance Sheet December 31, 2018 and 2017 2018 2017 Assets Current Assets: Cash Accounts Receivable 18,000 $ 56,000 83,000 14,000 49,000 86,000 Merchandise Inventory Long-term Assets: Plant Assets...
The income statement and unclassified statement of financial position for Wildhorse, Inc. follow: WILDHORSE, INC. Statement of Financial Position December 31 Assets 2018 Cash $100,000 Held for trading investments 120,000 Accounts receivable 76,000 Inventory 122,700 Prepaid expenses 19,000 Property, plant, and equipment 316,000 Accumulated depreciation (47,000) Total assets $706,700 Liabilities and Shareholders' Equity Accounts payable $93,500 Accrued liabilities 12,000 Bank loan payable 131,200 Common shares 220,000 Retained earnings 250,000 Total liabilities and shareholders' equity $706,700 2017 $48,500 114,500 42,700 94,550...
6. Identify This Financial Statement: Which financial statement would best display a company's plant, property and equipment used in their factory everyday to help generate sales revenue? A) Income Statement B) Statement of Retained Earnings C) Balance Sheet D) Statement of Cash Flows nol ebast 9/7O i smoAbabolroeA 7. Understanding This Financial Statement: The Statement of Cash Flows reflects a section for each of the major categories of business activities as of the reporting date. Accordingly, the Statement of Cash...
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