Homework Answers
rate positively ..
| Ans 1 | ||||||
| Cash and cash equivalent = Total current asset - other current asset | ||||||
| 112500-49500-16875 | ||||||
| 46125 | ||||||
| Ans 2 | Net property plant and equipment = Total asset - Total current asset | |||||
| 250000-112500 | ||||||
| 137500 | ||||||
| Ans 3 | Total current liabilities = | |||||
| Accruals | 2344 | |||||
| Notes payable | 13281 | |||||
| Total current liabilities | 15625 | |||||
| Ans 4 | Retained earning = Total common equity - Common stock | |||||
| 187500-121875 | ||||||
| 65625 | ||||||
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Fuzzy Button Clothing Company Balance Sheet For the Year ended December 31 Year 2 Year 1...
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Please help with all multiple choice and blanks! Thanks!
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Please help with all multiple choice and blanks! Thanks!
Fuzzy Button Clothing Company has the following end-of-year balance sheet: Fuzzy Button Clothing Company Balance Sheet For the Year Ended on December 31 Liabilities Assets Current Liabilities Accounts payable Current Assets: Cash and equivalents $150,000 $250,000 Accounts receivable Accrued liabilities 400,000 150,000 Notes payable Inventories 350,000 100,000 Total Current Assets $900,000 Total Current Liabilities $500,000 Net Fixed Assets Long-Term Bonds 1,000,000 Net plant and equipment $2,100,000 Total Debt $1,500,000 (cost minus...
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