Homework Answers
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Owner's capital at the end of the year = (231,000-89,000)+270,000-209,000-56,000 = 147,000 Option E is the answer |
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MC Qu. 115 At the beginning of the year, Sigma Company's balance.. At the beginning of...
at the beginning of the year, sigma company's balance sheet reported total asset of $195000 and...
at the beginning of the year, sigma company's balance sheet reported total asset of $195000 and total liabilities of $75000. during the year, the company reported total revenues of $226000 and expenses of $175000. also owner withdrawals during the year totaled $48000. assuming no other changes to owner's capital, the balance in the owner's capital account at the end of the year would be a) $78000 b)$123000 c)$174000 d)$171000
At the beginning of the year, Sigma Company's balance sheet reported Total Assets of $267,000 and...
At the beginning of the year, Sigma Company's balance sheet reported Total Assets of $267,000 and Total Liabilities of $20,600 and Total Paid-in capital of $82,400. During the year, the company reported total revenues of $314,000 and expenses of $243,000. Also, dividends during the year totaled $64,000. Assuming no other changes to Retained earnings, the balance in the Retained earnings account at the end of the year would be: Multiple Choice $268,000 $232,000. $165,000. $168,000 $171,000
At the beginning of the year, Sigma Company's balance sheet reported Total Assets of $276,000 and...
At the beginning of the year, Sigma Company's balance sheet reported Total Assets of $276,000 and Total Liabilities of $21,300 and Total Paid-in capital of $85,200. During the year, the company reported total revenues of $325,000 and expenses of $251,500. Also, dividends during the year totaled $66,000. Assuming no other changes to Retained earnings, the balance in the Retained earnings account at the end of the year would be: Multiple Choice $277,500. $240,000. $171,000. $174,000. $177,000
MC Qu. 182 A company reported total equity of... A company reported total equity of $177,000...
MC Qu. 182 A company reported total equity of... A company reported total equity of $177,000 at the beginning of the year. The company reported $242,000 in revenues and $181,000 in expenses for the year. There were no stockholder investments or dividends during the year. Liabilities at the end of the year totaled $108,000. What are the total assets of the company at the end of the year? Multiple Choice $61,000 $108,000 $130,000 o $242,000
TB MC Qu. 16-96 A company's beginning Work...
TB MC Qu. 16-96 A company's beginning Work...A company's beginning Work in Process inventory consisted of 37,000 units that were 90 %complete with respect to direct labor. A total of 107,000 were finished during the period and 42,000 remaining in Work in Process inventory were 50 %complete with respect to direct labor at the end of the period, Using the weighted-average method, the equivalent units of production with regard to direct labor were:
MC Qu. 5-44 On January 1, Year 2, Kincaid Company's... On January 1, Year 2, Kincaid...
MC Qu. 5-44 On January 1, Year 2, Kincaid Company's... On January 1, Year 2, Kincaid Company's Accounts Receivable and the Allowance for Doubtful Accounts carried balances of $64,000 and $1,400, respectively. During the year Kincaid reported $155,000 of credit sales, Kincaid wrote off $1,250 of receivables as uncollectible in Year 2. Cash collections of receivables amounted to $166,700. Kincaid estimates that it will be unable to collect one percent (1%) of credit sales Kincaid's entry to recognize the write-off...
MC Qu. 80 Robertson Corporation's inventory balance... Robertson Corporation's inventory balance was $35,100 at the beginning...
MC Qu. 80 Robertson Corporation's inventory balance... Robertson Corporation's inventory balance was $35,100 at the beginning of the year and $20,000 at the end. The inventory turnover ratio for the year was 4.6 and the gross profit ratio 35%. What were net sales for the year? (Round your answer to the nearest dollar amount.) Multiple Choice O $194969 $194,969 O $92.000
MC Qu. 169 Fernwood Company is... Fernwood Company is preparing the company's statement of cash flows...
MC Qu. 169 Fernwood Company is... Fernwood Company is preparing the company's statement of cash flows for the fiscal year just ended. The following information is available: Retained earnings balance at the beginning of the year $ 313,000 Cash dividends declared for the year 70,000 Proceeds from the sale of equipment 120,200 Gain on the sale of equipment 6,900 Cash dividends payable at the beginning of the year 30,800 Cash dividends payable at the end of the year 38,000 Net...
end At the beginning of the year, Beta company's statement of financial position reported the balances:...
end At the beginning of the year, Beta company's statement of financial position reported the balances: Total Assets = $195000 ; Total following Liabilitzes= $65000; share capital - $10000 $ 190000 During the year, the company reported total revenues of $226000 and expenses a Also, dividends during the year totaled $48000The company also issued additional the year. Assuming no other Total changes the amount of $10000 during Equity at the of the year would be: (A) 174000 (B) 143000 (9120000...
Exam I. Chapter 14 0 MC Qu. 1-74 A company's balance sheet contained A company's talance...
Exam I. Chapter 14 0 MC Qu. 1-74 A company's balance sheet contained A company's talance sheet corned the t w o Co Stock Accounts Payable $12,00 Total Assets Notes Payable is the only other item on the balance sheet Notes Payable must Oo oo P 1 23 Next > Type here to search DOLL ANNO 29
At the beginning of the year, Sigma Company's balance sheet reported Total Assets of $267,000 and Total Liabilities of $20,600 and Total Paid-in capital of $82,400. During the year, the company reported total revenues of $314,000 and expenses of $243,000. Also, dividends during the year totaled $64,000. Assuming no other changes to Retained earnings, the balance in the Retained earnings account at the end of the year would be: Multiple Choice $268,000 $232,000. $165,000. $168,000 $171,000
MC Qu. 182 A company reported total equity of... A company reported total equity of $177,000 at the beginning of the year. The company reported $242,000 in revenues and $181,000 in expenses for the year. There were no stockholder investments or dividends during the year. Liabilities at the end of the year totaled $108,000. What are the total assets of the company at the end of the year? Multiple Choice $61,000 $108,000 $130,000 o $242,000
MC Qu. 5-44 On January 1, Year 2, Kincaid Company's... On January 1, Year 2, Kincaid Company's Accounts Receivable and the Allowance for Doubtful Accounts carried balances of $64,000 and $1,400, respectively. During the year Kincaid reported $155,000 of credit sales, Kincaid wrote off $1,250 of receivables as uncollectible in Year 2. Cash collections of receivables amounted to $166,700. Kincaid estimates that it will be unable to collect one percent (1%) of credit sales Kincaid's entry to recognize the write-off...
MC Qu. 80 Robertson Corporation's inventory balance... Robertson Corporation's inventory balance was $35,100 at the beginning of the year and $20,000 at the end. The inventory turnover ratio for the year was 4.6 and the gross profit ratio 35%. What were net sales for the year? (Round your answer to the nearest dollar amount.) Multiple Choice O $194969 $194,969 O $92.000
end At the beginning of the year, Beta company's statement of financial position reported the balances: Total Assets = $195000 ; Total following Liabilitzes= $65000; share capital - $10000 $ 190000 During the year, the company reported total revenues of $226000 and expenses a Also, dividends during the year totaled $48000The company also issued additional the year. Assuming no other Total changes the amount of $10000 during Equity at the of the year would be: (A) 174000 (B) 143000 (9120000...
Exam I. Chapter 14 0 MC Qu. 1-74 A company's balance sheet contained A company's talance sheet corned the t w o Co Stock Accounts Payable $12,00 Total Assets Notes Payable is the only other item on the balance sheet Notes Payable must Oo oo P 1 23 Next > Type here to search DOLL ANNO 29
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