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Presented below are the financial statements of Riverbed Corp. Riverbed Corp Comparative Balance Sheets December 31 Assets 2017 84,000 48,000 48,000 33,600 67,200 48,000 144,000 187,200 (76,800) (57,600) 2016 Cash Accounts receivable Inventory Property, plant, and equipment Accumulated depreciation Total $266,400 259,200 Liabilities and Stockholders'Equity Accounts payable Income taxes payable Bonds payable Common stock Retained earnings Total $45,600 36,000 16,80019,200 40,800 79.200 43,200 33,600 91,200 $266,400 259,200 120,000 Income Statement For the Year Ended December 31,2017 Cost of goods sold...
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Presented below are the financial statements of Sheridan Company. Sheridan Company Comparative Balance Sheets December 31 Assets 2022 2021 Cash $ 52,500 $30,000 21,000 Accounts receivable 30,000 Inventory 42,000 30,000 Property, plant, and equipment Accumulated depreciation 90,000 (48,000) $166,500 117,000 (36,000) $162,000 Total Liabilities and Stockholders' Equity Accounts payable $ 28,500 Income taxes payable 10,500 $ 22,500 12,000 49,500 21,000 Bonds payable 25,500 Common stock 27,000 Retained earnings 75,000 57,000 Total $166,500 $162,000 Sheridan Company Income Statement For the Year...
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Presented below are the financial statements of Blossom
Company.
Blossom Company
Comparative Balance Sheets
December 31
Assets
2022
2021
Cash
$ 98,000
$ 56,000
Accounts receivable
56,000
39,200
Inventory
78,400
56,000
Property, plant, and equipment
168,000
218,400
Accumulated depreciation
(89,600
)
(67,200
)
Total
$310,800
$302,400
Liabilities and Stockholders’ Equity
Accounts payable
$ 53,200
$ 42,000
Income taxes payable
19,600
22,400
Bonds payable
47,600
92,400
Common stock
50,400
39,200
Retained earnings
140,000
106,400
Total
$310,800
$302,400
Blossom Company
Income Statement...
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Presented below are the financial statements of Coronado Industries. Coronado Industries Comparative Balance Sheets December 31 Assets 2022 $ 49,000 2021 $28,000 Cash Accounts receivable Inventory Property, plant, and equipment 28,000 39,200 84,000 (44,800) $155,400 19,600 28,000 109,200 (33,600) $151,200 Accumulated depreciation Total Liabilities and Stockholders' Equity Accounts payable Income taxes payable $ 26,600 9,800 23,800 25,200 Bonds payable $ 21,000 11,200 46,200 19,600 53,200 $151,200 Common stock Retained earnings 70,000 Total $155,400 Coronado Industries Income Statement For the Year...
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Problem 12-07A Presented below are the financial statements of Novak Company Novak Company Comparative Balance Sheets December 31 Assets 2022 Cash $ 112,000 Accounts receivable 64,000 Inventory 89,600 Property, plant, and equipment 192,000 Accumulated depreciation (102,400 ) Total $355,200 2021 $ 64,000 44,800 64,000 249,600 (76,800 ) $345,600 Liabilities and Stockholders' Equity Accounts payable Income taxes payable Bonds payable Common stock Retained earnings Total $ 60,800 22,400 54,400 57,600 160,000 $355,200 $ 48,000 25,600 105,600 44,800 121,600 $345,600 $774,400 560,000...
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Problem 12-07A Presented below are the financial statements of Novak Company Novak Company Comparative Balance Sheets December 31 Assets 2022 Cash $ 112,000 Accounts receivable 64,000 Inventory 89,600 Property, plant, and equipment 192,000 Accumulated depreciation (102,400) Total $355,200 2021 $ 64,000 44,800 64,000 249,600 (76,800 ) $345,600 Liabilities and Stockholders' Equity Accounts payable Income taxes payable Bonds payable Common stock Retained earnings Total $ 60,800 22,400 54,400 57,600 160,000 $355,200 $ 48,000 25,600 105,600 44,800 121,600 $345,600 $774,400 560,000 214,400...
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Problem 12-08A Presented below are the financial statements of Flounder Company. Flounder Company Comparative Balance Sheets December 31 Assets 2022 2021 Cash $ 77,000 $ 44,000 Accounts receivable 44,000 30,800 Inventory 61,600 44,000 Property, plant, and equipment 132,000 171,600 Accumulated depreciation (70,400) (52,800) Total $244,200 $237,600 Liabilities and Stockholders' Equity Accounts payable $ 33,000 $ 41,800 Income taxes payable 15,400 17,600 Bonds payable 37,400 72,600 Common stock 39,600 30,800 Retained earnings 110,000 83,600 Total $244,200 $237,600 Flounder Company Income Statement...
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Problem 12-08A Presented below are the financial statements of Ayayai Company. Ayayai Company Comparative Balance Sheets December 31 Assets 2022 Cash $ 105,000 Accounts receivable 60,000 Inventory 84,000 Property, plant, and equipment 180,000 Accumulated depreciation (96,000) Total $333,000 2021 $ 60,000 42,000 60,000 234,000 (72,000) $324,000 Liabilities and Stockholders' Equity Accounts payable Income taxes payable Bonds payable Common stock Retained earnings Total $ 45,000 24,000 99,000 $ 57,000 21,000 51,000 54,000 150,000 $333,000 42,000 114,000 $324,000 Ayayai Company Income Statement...
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Presented below are the financial statements of Blossom Company. Blossom Company Comparative Balance Sheets December 31 Assets 2016 Cash Accounts receivable Inventory Property, plant, and equipment Accumulated depreciation Total 2017 76,650 43,800 43,800 30,660 61,320 43,a 131,400 170,820 (70,080) (52,560) 243,090 $236,520 Liabilities and Stockholders' Equity Accounts payable Income taxes payable Bonds payable Common stock Retained earnings Total 41,610 32,850 15,330 17,520 37,230 72,270 39420 30.660 83,220 $243,090 $236,520 109,500 Company Income Statement For the Year Ended 31, 2017 529,980...
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The following are the financial statements of Nosker Company NOSKER COMPANY Comparative Balance Sheets December 31 Assets Cash Accounts receivable Inventory Equipment Accumulated depreciation-equipment Total 2020 $38,000 32,300 30,800 59,300 (29,700) $130,700 2019 $19,500 19,500 20,900 77,200 (23,900) $113,200 Liabilities and Stockholders' Equity Accounts payable Income taxes payable Bonds payable Common stock Retained earnings Total $28,400 7,100 27,100 18,600 49,500 $130,700 $ 16,300 8,300 33,500 15,000 40,100 $113,200 $241,000 NOSKER COMPANY Income Statement For the Year Ended December 31, 2020...
Presented below are the financial statements of Riverbed Corp. Riverbed Corp Comparative Balance Sheets December 31 Assets 2017 84,000 48,000 48,000 33,600 67,200 48,000 144,000 187,200 (76,800) (57,600) 2016 Cash Accounts receivable Inventory Property, plant, and equipment Accumulated depreciation Total $266,400 259,200 Liabilities and Stockholders'Equity Accounts payable Income taxes payable Bonds payable Common stock Retained earnings Total $45,600 36,000 16,80019,200 40,800 79.200 43,200 33,600 91,200 $266,400 259,200 120,000 Income Statement For the Year Ended December 31,2017 Cost of goods sold...
Presented below are the financial statements of Sheridan Company. Sheridan Company Comparative Balance Sheets December 31 Assets 2022 2021 Cash $ 52,500 $30,000 21,000 Accounts receivable 30,000 Inventory 42,000 30,000 Property, plant, and equipment Accumulated depreciation 90,000 (48,000) $166,500 117,000 (36,000) $162,000 Total Liabilities and Stockholders' Equity Accounts payable $ 28,500 Income taxes payable 10,500 $ 22,500 12,000 49,500 21,000 Bonds payable 25,500 Common stock 27,000 Retained earnings 75,000 57,000 Total $166,500 $162,000 Sheridan Company Income Statement For the Year...
Presented below are the financial statements of Blossom
Company.
Blossom Company
Comparative Balance Sheets
December 31
Assets
2022
2021
Cash
$ 98,000
$ 56,000
Accounts receivable
56,000
39,200
Inventory
78,400
56,000
Property, plant, and equipment
168,000
218,400
Accumulated depreciation
(89,600
)
(67,200
)
Total
$310,800
$302,400
Liabilities and Stockholders’ Equity
Accounts payable
$ 53,200
$ 42,000
Income taxes payable
19,600
22,400
Bonds payable
47,600
92,400
Common stock
50,400
39,200
Retained earnings
140,000
106,400
Total
$310,800
$302,400
Blossom Company
Income Statement...
Presented below are the financial statements of Coronado Industries. Coronado Industries Comparative Balance Sheets December 31 Assets 2022 $ 49,000 2021 $28,000 Cash Accounts receivable Inventory Property, plant, and equipment 28,000 39,200 84,000 (44,800) $155,400 19,600 28,000 109,200 (33,600) $151,200 Accumulated depreciation Total Liabilities and Stockholders' Equity Accounts payable Income taxes payable $ 26,600 9,800 23,800 25,200 Bonds payable $ 21,000 11,200 46,200 19,600 53,200 $151,200 Common stock Retained earnings 70,000 Total $155,400 Coronado Industries Income Statement For the Year...
Problem 12-07A Presented below are the financial statements of Novak Company Novak Company Comparative Balance Sheets December 31 Assets 2022 Cash $ 112,000 Accounts receivable 64,000 Inventory 89,600 Property, plant, and equipment 192,000 Accumulated depreciation (102,400 ) Total $355,200 2021 $ 64,000 44,800 64,000 249,600 (76,800 ) $345,600 Liabilities and Stockholders' Equity Accounts payable Income taxes payable Bonds payable Common stock Retained earnings Total $ 60,800 22,400 54,400 57,600 160,000 $355,200 $ 48,000 25,600 105,600 44,800 121,600 $345,600 $774,400 560,000...
Problem 12-07A Presented below are the financial statements of Novak Company Novak Company Comparative Balance Sheets December 31 Assets 2022 Cash $ 112,000 Accounts receivable 64,000 Inventory 89,600 Property, plant, and equipment 192,000 Accumulated depreciation (102,400) Total $355,200 2021 $ 64,000 44,800 64,000 249,600 (76,800 ) $345,600 Liabilities and Stockholders' Equity Accounts payable Income taxes payable Bonds payable Common stock Retained earnings Total $ 60,800 22,400 54,400 57,600 160,000 $355,200 $ 48,000 25,600 105,600 44,800 121,600 $345,600 $774,400 560,000 214,400...
Problem 12-08A Presented below are the financial statements of Flounder Company. Flounder Company Comparative Balance Sheets December 31 Assets 2022 2021 Cash $ 77,000 $ 44,000 Accounts receivable 44,000 30,800 Inventory 61,600 44,000 Property, plant, and equipment 132,000 171,600 Accumulated depreciation (70,400) (52,800) Total $244,200 $237,600 Liabilities and Stockholders' Equity Accounts payable $ 33,000 $ 41,800 Income taxes payable 15,400 17,600 Bonds payable 37,400 72,600 Common stock 39,600 30,800 Retained earnings 110,000 83,600 Total $244,200 $237,600 Flounder Company Income Statement...
Problem 12-08A Presented below are the financial statements of Ayayai Company. Ayayai Company Comparative Balance Sheets December 31 Assets 2022 Cash $ 105,000 Accounts receivable 60,000 Inventory 84,000 Property, plant, and equipment 180,000 Accumulated depreciation (96,000) Total $333,000 2021 $ 60,000 42,000 60,000 234,000 (72,000) $324,000 Liabilities and Stockholders' Equity Accounts payable Income taxes payable Bonds payable Common stock Retained earnings Total $ 45,000 24,000 99,000 $ 57,000 21,000 51,000 54,000 150,000 $333,000 42,000 114,000 $324,000 Ayayai Company Income Statement...
Presented below are the financial statements of Blossom Company. Blossom Company Comparative Balance Sheets December 31 Assets 2016 Cash Accounts receivable Inventory Property, plant, and equipment Accumulated depreciation Total 2017 76,650 43,800 43,800 30,660 61,320 43,a 131,400 170,820 (70,080) (52,560) 243,090 $236,520 Liabilities and Stockholders' Equity Accounts payable Income taxes payable Bonds payable Common stock Retained earnings Total 41,610 32,850 15,330 17,520 37,230 72,270 39420 30.660 83,220 $243,090 $236,520 109,500 Company Income Statement For the Year Ended 31, 2017 529,980...
The following are the financial statements of Nosker Company NOSKER COMPANY Comparative Balance Sheets December 31 Assets Cash Accounts receivable Inventory Equipment Accumulated depreciation-equipment Total 2020 $38,000 32,300 30,800 59,300 (29,700) $130,700 2019 $19,500 19,500 20,900 77,200 (23,900) $113,200 Liabilities and Stockholders' Equity Accounts payable Income taxes payable Bonds payable Common stock Retained earnings Total $28,400 7,100 27,100 18,600 49,500 $130,700 $ 16,300 8,300 33,500 15,000 40,100 $113,200 $241,000 NOSKER COMPANY Income Statement For the Year Ended December 31, 2020...