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Question 7 The comparative balance sheets for Rothlisberger Company as of December 31 are presented below. ROTHLISBERGER COMPANY Comparative Balance Sheets December 31 Assets 2020 2019 Cash $59,300 $45,900 Accounts receivable 44,000 64,800 Inventory 150,200 143,400 Prepaid expenses 14,300 24,900 Land 104,300 135,300 Buildings 198,400 198,400 Accumulated depreciation-buildings (62,500) (34,000) Equipment 232,400 158,000 Accumulated depreciation-equipment (42,900) (37,900) Total $697,500 $698,800 Liabilities and Stockholders' Equity Accounts payable $46,100 $40,000 Bonds payable 260,000 294,000 Common stock, $1 par 192,600 158,600 CALCULATOR PULLS...
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A The comparative balance sheets for Rothlisberger Company as of December 31 P17-11A The are presented below. $180,250 Prepare a statement of cash flows-indirect method. (LO) ROTHLISBERGER COMPANY Comparative Balance Sheets December 31 Assets 2017 Cash $ 81,000 Accounts receivable 41,000 Inventory 151,450 Prepaid expenses 15,280 Land 105,000 Buildings 200,000 Accumulated depreciation-buildings (60,000) Equipment 221,000 Accumulated depreciation--equipment (45,000) Total $709,730 2016 $ 45,000 62,000 142,000 21,000 130,000 200,000 (40,000) 155,000 (35,000) $680,000 Liabilities and Stockholders' Equity Accounts payable Bonds payable...
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Problem 13-11A The comparative balance sheets for Rothlisberger Company as of December 31 are presented below ROTHLISBERGER COMPANY Balance Sheets December 31 $57,700 40,700 151,000 14,800 107,600 $47,400 63,000 143,100 24,500 137,900 200,700 200,700 (59,100) (34,700) 155,300 Accounts receivable Prepaid expenses 229,100 (44.900) (35,800) $697,600 $701.400 Liabilities and Stockholders E Accounts payable Bonds payable Common stock, $1 par 46,100 40000 294,700 159,200 19.o00 207,500 $697,600 $701.400 260,000 193,900 Additional information 1. Operating expenses indlude depreciation expense of $42,000 and charges...
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Problem 13-11A The comparative balance sheets for Rothlisberger Company as of December 31 are presented below ROTHLISBERGER COMPANY Balance Sheets Assets Cash Accounts receivable Inventory Prepaid expenses Land Buildings Accumulated depreciation-buildings Equipment Accumulated depreciation-equipment 2015 $71,690 44,270 150,990 14,560 105,510 200,920 2014 $45,860 62,310 142,270 21,110 129,300 200,920 (60,830) (40,910) 154,690 228,300 44,610 35,810) Total $710,800 $679,740 Liabilities and Stockholders' Equit Accounts payable Bonds payable Common stock, $1 par Retained earnings $39,760 299,490 160,380 203,520 180,110 $47,410 259,960 199,910 $710,800$679.740...
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Problem 12-11A The comparative balance sheets for Concord Corporation as of December 31 are presented below. Concord Corporation Comparative Balance Sheets December 31 Assets 2019 2018 Cash $57,600 $47,800 Accounts receivable 43,600 64,100 Inventory 151,600 145,800 Prepaid expenses 14,300 21,200 Land 96,300 130,400 Buildings 197,000 197,000 Accumulated depreciation-buildings (55,900) (30,900) Equipment 229,900 156,600 Accumulated depreciation-equipment (43,600) (35,800) Total $690,800 $696,200 Liabilities and Stockholders' Equity Accounts payable $46,100 $39,800 Bonds payable 260,000 290,900 Common stock, $1 par 189,800 158,900 Retained earnings...
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US Weygandt, Financial Accounting, 9e Problem 13-11A The comparative balance sheets for Rothlisberger Company as of December 31 are presented below. ROTHLISBERGER COMPANY Comparative Balance Sheets December 31 Assets 2015 Cash $70,910 Accounts receivable 43.490 Inventory 151,530 Prepaid expenses 14,660 Land 104.140 Buildings 199,690 Accumulated depreciation--buildings (60,230) Equipment 228.100 Accumulated depreciation-equipment (44,000) Total $708,290 2014 $45.160 62,910 142,460 21.230 130,010 199,690 (40,070) 154,340 34,920) $680,810 Liabilities and Stockholders' Equity Accounts payable Bonds payable Common stock, $1 par Retained earnings Total...
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The comparative balance sheets for Spicer Company as of December 31 are presented below Spicer Company Comparative Balance Sheets December 31 Assets Cash Accounts receivable Inventory Prepaid expenses Land Buildings Accumulated depreciation-buildings Equipment Accumulated depreciation-equipment Total 2017 2016 $ 45,000 58,000 142,000 21,000 130,000 200,000 (40,000 ) 155,000 68,000 50,000 151,450 15,280 145,000 200,000 (60,000) 225,000 (45,000) (35,000) $749,730 $676,000 Liabilities and Stockholders Equity Accounts payable Bonds payable Common stock, $1 par Retained earnings Total $ 36,000 300,000 160,000 180,000...
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Comparative balance sheets for Sunland Company are presented as follows. Sunland Company Comparative Balance Sheets December 31 Assets 2019 Cash $72,750 Accounts receivable 84,650 Inventory 180,300 Land 75,150 Equipment 249.800 Accumulated depreciation equipment (66,300) Total $596,350 Liabilities and Stockholders' Equity Accounts payable $33.800 Bonds payable 150,100 Common stock ($1 par) 214,300 Retained earnings 198,150 Total $596,350 2018 $21,600 76,600 188.900 101.100 199.700 (42,500) $545,400 $47,850 200,300 164.800 132,450 $545,400 Additional information: 1. Net income for 2019 was $135,300. 2. Cash...
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Exercise 12-09 Here are comparative balance sheets for Larkspur, Inc.. Larkspur, Inc. Comparative Balance Sheets December 31 Assets 2020 2019 Cash Accounts receivable Inventory Land Equipment Accumulated depreciation-equipment Total $ 72,800 86,400 170,200 72,800 260,000 (66,500) $595,700 $ 33,300 71,300 186,700 101,600 200,000 (33,800) $559,100 Liabilities and Stockholders' Equity Accounts payable Bonds payable Common stock ($1 par) Retained earnings Total $ 35,000 150,800 215,200 194,700 $595,700 $ 47,200 203,600 173,000 135,300 $559,100 Additional information: 1. Net income for 2020 was...
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Here are comparative balance sheets for Concord Corporation. Concord Corporation Comparative Balance Sheets December 31 Assets 2020 2019 Cash Accounts receivable $32,600 70,600 186,500 Inventory Land $ 73,500 86,200 170,100 74.000 260,700 (65,600) $598,900 Equipment 100,400 200,700 (33,500) $557,300 Accumulated depreciation equipment Total Liabilities and Stockholders' Equity Accounts payable $ 35,100 150,200 $ 46,900 203.900 Bonds payable Common stock ($1 par) 215,100 198,500 175,800 130,700 Retained earnings Total $598,900 $557,300 Additional information: 1. Net income for 2020 was $102,300. 2....
Question 7 The comparative balance sheets for Rothlisberger Company as of December 31 are presented below. ROTHLISBERGER COMPANY Comparative Balance Sheets December 31 Assets 2020 2019 Cash $59,300 $45,900 Accounts receivable 44,000 64,800 Inventory 150,200 143,400 Prepaid expenses 14,300 24,900 Land 104,300 135,300 Buildings 198,400 198,400 Accumulated depreciation-buildings (62,500) (34,000) Equipment 232,400 158,000 Accumulated depreciation-equipment (42,900) (37,900) Total $697,500 $698,800 Liabilities and Stockholders' Equity Accounts payable $46,100 $40,000 Bonds payable 260,000 294,000 Common stock, $1 par 192,600 158,600 CALCULATOR PULLS...
A The comparative balance sheets for Rothlisberger Company as of December 31 P17-11A The are presented below. $180,250 Prepare a statement of cash flows-indirect method. (LO) ROTHLISBERGER COMPANY Comparative Balance Sheets December 31 Assets 2017 Cash $ 81,000 Accounts receivable 41,000 Inventory 151,450 Prepaid expenses 15,280 Land 105,000 Buildings 200,000 Accumulated depreciation-buildings (60,000) Equipment 221,000 Accumulated depreciation--equipment (45,000) Total $709,730 2016 $ 45,000 62,000 142,000 21,000 130,000 200,000 (40,000) 155,000 (35,000) $680,000 Liabilities and Stockholders' Equity Accounts payable Bonds payable...
Problem 13-11A The comparative balance sheets for Rothlisberger Company as of December 31 are presented below ROTHLISBERGER COMPANY Balance Sheets December 31 $57,700 40,700 151,000 14,800 107,600 $47,400 63,000 143,100 24,500 137,900 200,700 200,700 (59,100) (34,700) 155,300 Accounts receivable Prepaid expenses 229,100 (44.900) (35,800) $697,600 $701.400 Liabilities and Stockholders E Accounts payable Bonds payable Common stock, $1 par 46,100 40000 294,700 159,200 19.o00 207,500 $697,600 $701.400 260,000 193,900 Additional information 1. Operating expenses indlude depreciation expense of $42,000 and charges...
Problem 13-11A The comparative balance sheets for Rothlisberger Company as of December 31 are presented below ROTHLISBERGER COMPANY Balance Sheets Assets Cash Accounts receivable Inventory Prepaid expenses Land Buildings Accumulated depreciation-buildings Equipment Accumulated depreciation-equipment 2015 $71,690 44,270 150,990 14,560 105,510 200,920 2014 $45,860 62,310 142,270 21,110 129,300 200,920 (60,830) (40,910) 154,690 228,300 44,610 35,810) Total $710,800 $679,740 Liabilities and Stockholders' Equit Accounts payable Bonds payable Common stock, $1 par Retained earnings $39,760 299,490 160,380 203,520 180,110 $47,410 259,960 199,910 $710,800$679.740...
Problem 12-11A The comparative balance sheets for Concord Corporation as of December 31 are presented below. Concord Corporation Comparative Balance Sheets December 31 Assets 2019 2018 Cash $57,600 $47,800 Accounts receivable 43,600 64,100 Inventory 151,600 145,800 Prepaid expenses 14,300 21,200 Land 96,300 130,400 Buildings 197,000 197,000 Accumulated depreciation-buildings (55,900) (30,900) Equipment 229,900 156,600 Accumulated depreciation-equipment (43,600) (35,800) Total $690,800 $696,200 Liabilities and Stockholders' Equity Accounts payable $46,100 $39,800 Bonds payable 260,000 290,900 Common stock, $1 par 189,800 158,900 Retained earnings...
US Weygandt, Financial Accounting, 9e Problem 13-11A The comparative balance sheets for Rothlisberger Company as of December 31 are presented below. ROTHLISBERGER COMPANY Comparative Balance Sheets December 31 Assets 2015 Cash $70,910 Accounts receivable 43.490 Inventory 151,530 Prepaid expenses 14,660 Land 104.140 Buildings 199,690 Accumulated depreciation--buildings (60,230) Equipment 228.100 Accumulated depreciation-equipment (44,000) Total $708,290 2014 $45.160 62,910 142,460 21.230 130,010 199,690 (40,070) 154,340 34,920) $680,810 Liabilities and Stockholders' Equity Accounts payable Bonds payable Common stock, $1 par Retained earnings Total...
The comparative balance sheets for Spicer Company as of December 31 are presented below Spicer Company Comparative Balance Sheets December 31 Assets Cash Accounts receivable Inventory Prepaid expenses Land Buildings Accumulated depreciation-buildings Equipment Accumulated depreciation-equipment Total 2017 2016 $ 45,000 58,000 142,000 21,000 130,000 200,000 (40,000 ) 155,000 68,000 50,000 151,450 15,280 145,000 200,000 (60,000) 225,000 (45,000) (35,000) $749,730 $676,000 Liabilities and Stockholders Equity Accounts payable Bonds payable Common stock, $1 par Retained earnings Total $ 36,000 300,000 160,000 180,000...
Comparative balance sheets for Sunland Company are presented as follows. Sunland Company Comparative Balance Sheets December 31 Assets 2019 Cash $72,750 Accounts receivable 84,650 Inventory 180,300 Land 75,150 Equipment 249.800 Accumulated depreciation equipment (66,300) Total $596,350 Liabilities and Stockholders' Equity Accounts payable $33.800 Bonds payable 150,100 Common stock ($1 par) 214,300 Retained earnings 198,150 Total $596,350 2018 $21,600 76,600 188.900 101.100 199.700 (42,500) $545,400 $47,850 200,300 164.800 132,450 $545,400 Additional information: 1. Net income for 2019 was $135,300. 2. Cash...
Exercise 12-09 Here are comparative balance sheets for Larkspur, Inc.. Larkspur, Inc. Comparative Balance Sheets December 31 Assets 2020 2019 Cash Accounts receivable Inventory Land Equipment Accumulated depreciation-equipment Total $ 72,800 86,400 170,200 72,800 260,000 (66,500) $595,700 $ 33,300 71,300 186,700 101,600 200,000 (33,800) $559,100 Liabilities and Stockholders' Equity Accounts payable Bonds payable Common stock ($1 par) Retained earnings Total $ 35,000 150,800 215,200 194,700 $595,700 $ 47,200 203,600 173,000 135,300 $559,100 Additional information: 1. Net income for 2020 was...
Here are comparative balance sheets for Concord Corporation. Concord Corporation Comparative Balance Sheets December 31 Assets 2020 2019 Cash Accounts receivable $32,600 70,600 186,500 Inventory Land $ 73,500 86,200 170,100 74.000 260,700 (65,600) $598,900 Equipment 100,400 200,700 (33,500) $557,300 Accumulated depreciation equipment Total Liabilities and Stockholders' Equity Accounts payable $ 35,100 150,200 $ 46,900 203.900 Bonds payable Common stock ($1 par) 215,100 198,500 175,800 130,700 Retained earnings Total $598,900 $557,300 Additional information: 1. Net income for 2020 was $102,300. 2....