The following amounts (in thousands) were taken from the December 31 statements of financial position of...
The following amounts (in thousands) were taken from the
December 31 statements of financial position of Maple Leaf
Foods Inc.:
| 2015 | 2014 | ||||||
| Total assets | $2,630,865 | $2,876,490 | |||||
| Total liabilities | 577,731 | 631,994 | |||||
How much is Maple Leaf Foods’ shareholders’ equity at December
31, 2015, and 2014?
A.
| 2015 | 2014 | ||||
| Maple Leaf Foods’ shareholders’ equity | $
|
$
|
B.
Write Maple Leaf Foods’ accounting equation for each
year.
| Equation: |
|
||
| 2015: | $
|
||
| 2014: | $
|
C.
Calculate the change in total shareholders’ equity for the year
ended December 31, 2015.
| Change in total shareholders’ equity | $
|
|
what was the effect?
D. Assume that Maple Leaf Foods had the following changes to its shareholders’ equity in 2015: dividends declared of $44,668 thousand, and other shareholders’ equity items of $(188,274) thousand. How much net income did it report in 2015?
| Net income for 2015 | $
|
Homework Answers
Add Answer to:
The following amounts (in thousands) were taken from the
December 31 statements of financial position of...
Comprehensive Problem (Chapter 2) Extreme Edge Ine. Income Statements For the Year Ended December 31 Sales...
Comprehensive Problem (Chapter 2) Extreme Edge Ine. Income Statements For the Year Ended December 31 Sales revenues 2015 2014 S 1,310 1,240 Cost of goods sold Gross profit Depreciation expense 510 136 369 521 120 341 Income from continuing operations Financial (interest) expense Income tax expense (benefit) Net income (loss) 24 0.48 Earnings (loss) per share Statements of Shareholders' Equity (in thousands, except par value) Balance as of January 1, 2014 Common stock issued, $1 par value Net income Dividends...
HIROOLE LTD. Statement of Financial Position December 31 (in thousands) 2018 2017 2016 Assets Current assets...
HIROOLE LTD. Statement of Financial Position December 31 (in thousands) 2018 2017 2016 Assets Current assets Cash $30 $81 $200 Accounts receivable 907 698 504 Inventory 1,190 794 497 Total current assets 2,127 1,573 1,201 Property, plant, and equipment (net) 4,105 3,831 3,230 Total assets $6,232 $5,404 $4,431 Liabilities and Shareholders' Equity Liabilities Current liabilities $596 $553 $499 Non-current liabilities 3,047 2,303 1,508 Total liabilities 3,643 2,856 2,007 Shareholders' equity Common shares 999999999 Retained earnings 1,590 1,549 1,425 Total shareholders'...
her 0012 6o0 1. The following selected data were taken from the financial statements of the...
her 0012 6o0 1. The following selected data were taken from the financial statements of the Columbus Group for December 31, 2016, 2015, and 2014: tncobe000002.12w mniolod ooal holio 0 ub oo Dec.31, 2015 $2,700,000 1,000,000 no b Dec. 31, 2014 Dec. 31, 2016 $3,000,000 Total assets $2,400,000 Notes payable (9% interest) Common stock Preferred $7 stock, $100 par (no change during 1,000,000 1,000,000 400,000 400,000 400,000 200,000 200,000 200,000 year) Retained earnings 1,126,000 896,000 600,000 The 2016 net income...
The following accounts and amounts (in thousands) were taken from the 2022 financial statements of Grouper...
The following accounts and amounts (in thousands) were taken from the 2022 financial statements of Grouper Instruments, Inc. Common shares Prepaid insurance Equipment Salaries payable Inventory Trading investments Income tax payable $2,500 950 9,395 115 2,115 1,490 30 Cash Accumulated depreciation-equipment Accounts payable Mortgage payable (due 2028) Retained earnings Accounts receivable $1,165 4,150 1,320 1,090 6,890 980 Prepare a classified statement of financial position as at December 31, 2022. (List Current Assets in order of liquidity.) counting - 73348) estion...
The following selected data were taken from the financial statements of Vidahill Inc. for December 31,...
The following selected data were taken from the financial statements of Vidahill Inc. for December 31, 20Y7, 20Y6, and 20Y5: December 31 20Y7 20Y6 20Y5 Total assets $220,000 $198,000 $176,000 Notes payable (8% interest) 70,000 70,000 70,000 Common stock 28,000 28,000 28,000 Preferred 5% stock, $100 par 14,000 14,000 14,000 (no change during year) Retained earnings 76,430 54,870 42,000 The 20Y7 net income was $22,260, and the 20Y6 net income was $13,570. No dividends on common stock were declared between...
The following selected data were taken from the financial statements of Vidahill Inc. for December 31,...
The following selected data were taken from the financial statements of Vidahill Inc. for December 31, 20Y7, 20Y6, and 20Y5: December 31 20Y7 20Y6 20Y5 Total assets $233,000 $210,000 $187,000 Notes payable (8% interest) 80,000 80,000 80,000 Common stock 32,000 32,000 32,000 Preferred 7% stock, $100 par 16,000 16,000 16,000 (no change during year) Retained earnings 80,620 58,730 48,000 The 20Y7 net income was $23,010, and the 20Y6 net income was $11,850. No dividends on common stock were declared between...
The December 31, 2015, partial financial statements taken from the annual report for AT&T Inc. (T...
The December 31, 2015, partial financial statements taken from the annual report for AT&T Inc. (T ) follow. Consolidated Statements of Income Dollars in millions except per share amounts 2015 2014 Operating revenues Service $ 131,677 $ 118,437 Equipment 15,124 14,010 Total operating revenues 146,801 132,447 Operating expenses Equipment 19,268 18,946 Broadcast, programming and operations 11,996 4,075 Other cost of services (exclusive of depreciation and amortization show separately below) 35,782 37,124 Selling, general and administrative 32,954 39,697 Abandonment of network...
please help Waterloo Corporation Statement of Financial Position 31-Dec 2015 2014 2013 Assets Cash $32,000 $19,000...
please help
Waterloo Corporation Statement of Financial Position 31-Dec 2015 2014 2013 Assets Cash $32,000 $19,000 $10,000 Accounts Receivable (net) 95,000 70,000 53,000 Inventory 81,000 71,000 53,000 Other current assets 65,000 49,000 61,000 Long-term investments 120,000 76,000 50,000 Property, Plant & Equipment (net) 598,000 345,000 315.000 Total Assets $991,000 $630,000 $542,000 $71,500 245.000 316,500 $56,000 75.000 131,000 $65,000 78,000 143,000 Liabilities & Shareholders' Equity Liabilities Current Liabilities Non-current liabilities Total Liabilities Shareholders' Equity Common Shares Retained Earnings Total Shareholders' Equity...
Profitability Ratios The following selected data were taken from the financial statements of Vidahill Inc. for...
Profitability Ratios The following selected data were taken from the financial statements of Vidahill Inc. for December 31, 2017, 2016, and 2015: December 31 2017 2016 2015 Total assets $4,800,000 $4,400,000 $4,000,000 Notes payable (8% interest) 2,250,000 2,250,000 2,250,000 Common stock 250,000 250,000 250,000 Preferred 4% stock, $100 par (no change during year) 500,000 500,000 500,000 Retained earnings 1,574,000 1,222,000 750,000 The 2017 net income was $372,000, and the 2016 net income was $492,000. No dividends on common stock were...
please do Waterloo Corporation Statement of Financial Position 31-Dec 2015 2014 2013 Assets Cash $32,000 $19,000...
please do
Waterloo Corporation Statement of Financial Position 31-Dec 2015 2014 2013 Assets Cash $32,000 $19,000 $10,000 Accounts Receivable (net) 95,000 70,000 53,000 Inventory 81,000 71,000 53,000 Other current assets 65,000 49,000 61,000 Long-term investments 120,000 76,000 50,000 Property, Plant & Equipment (net) 598,000 345,000 315.000 Total Assets $991,000 $630,000 $542,000 $71,500 245.000 316,500 $56,000 75.000 131,000 $65,000 78,000 143,000 Liabilities & Shareholders' Equity Liabilities Current Liabilities Non-current liabilities Total Liabilities Shareholders' Equity Common Shares Retained Earnings Total Shareholders' Equity...
Comprehensive Problem (Chapter 2) Extreme Edge Ine. Income Statements For the Year Ended December 31 Sales revenues 2015 2014 S 1,310 1,240 Cost of goods sold Gross profit Depreciation expense 510 136 369 521 120 341 Income from continuing operations Financial (interest) expense Income tax expense (benefit) Net income (loss) 24 0.48 Earnings (loss) per share Statements of Shareholders' Equity (in thousands, except par value) Balance as of January 1, 2014 Common stock issued, $1 par value Net income Dividends...
HIROOLE LTD. Statement of Financial Position December 31 (in thousands) 2018 2017 2016 Assets Current assets Cash $30 $81 $200 Accounts receivable 907 698 504 Inventory 1,190 794 497 Total current assets 2,127 1,573 1,201 Property, plant, and equipment (net) 4,105 3,831 3,230 Total assets $6,232 $5,404 $4,431 Liabilities and Shareholders' Equity Liabilities Current liabilities $596 $553 $499 Non-current liabilities 3,047 2,303 1,508 Total liabilities 3,643 2,856 2,007 Shareholders' equity Common shares 999999999 Retained earnings 1,590 1,549 1,425 Total shareholders'...
her 0012 6o0 1. The following selected data were taken from the financial statements of the Columbus Group for December 31, 2016, 2015, and 2014: tncobe000002.12w mniolod ooal holio 0 ub oo Dec.31, 2015 $2,700,000 1,000,000 no b Dec. 31, 2014 Dec. 31, 2016 $3,000,000 Total assets $2,400,000 Notes payable (9% interest) Common stock Preferred $7 stock, $100 par (no change during 1,000,000 1,000,000 400,000 400,000 400,000 200,000 200,000 200,000 year) Retained earnings 1,126,000 896,000 600,000 The 2016 net income...
The following accounts and amounts (in thousands) were taken from the 2022 financial statements of Grouper Instruments, Inc. Common shares Prepaid insurance Equipment Salaries payable Inventory Trading investments Income tax payable $2,500 950 9,395 115 2,115 1,490 30 Cash Accumulated depreciation-equipment Accounts payable Mortgage payable (due 2028) Retained earnings Accounts receivable $1,165 4,150 1,320 1,090 6,890 980 Prepare a classified statement of financial position as at December 31, 2022. (List Current Assets in order of liquidity.) counting - 73348) estion...
please help
Waterloo Corporation Statement of Financial Position 31-Dec 2015 2014 2013 Assets Cash $32,000 $19,000 $10,000 Accounts Receivable (net) 95,000 70,000 53,000 Inventory 81,000 71,000 53,000 Other current assets 65,000 49,000 61,000 Long-term investments 120,000 76,000 50,000 Property, Plant & Equipment (net) 598,000 345,000 315.000 Total Assets $991,000 $630,000 $542,000 $71,500 245.000 316,500 $56,000 75.000 131,000 $65,000 78,000 143,000 Liabilities & Shareholders' Equity Liabilities Current Liabilities Non-current liabilities Total Liabilities Shareholders' Equity Common Shares Retained Earnings Total Shareholders' Equity...
Profitability Ratios The following selected data were taken from the financial statements of Vidahill Inc. for December 31, 2017, 2016, and 2015: December 31 2017 2016 2015 Total assets $4,800,000 $4,400,000 $4,000,000 Notes payable (8% interest) 2,250,000 2,250,000 2,250,000 Common stock 250,000 250,000 250,000 Preferred 4% stock, $100 par (no change during year) 500,000 500,000 500,000 Retained earnings 1,574,000 1,222,000 750,000 The 2017 net income was $372,000, and the 2016 net income was $492,000. No dividends on common stock were...
please do
Waterloo Corporation Statement of Financial Position 31-Dec 2015 2014 2013 Assets Cash $32,000 $19,000 $10,000 Accounts Receivable (net) 95,000 70,000 53,000 Inventory 81,000 71,000 53,000 Other current assets 65,000 49,000 61,000 Long-term investments 120,000 76,000 50,000 Property, Plant & Equipment (net) 598,000 345,000 315.000 Total Assets $991,000 $630,000 $542,000 $71,500 245.000 316,500 $56,000 75.000 131,000 $65,000 78,000 143,000 Liabilities & Shareholders' Equity Liabilities Current Liabilities Non-current liabilities Total Liabilities Shareholders' Equity Common Shares Retained Earnings Total Shareholders' Equity...
Most questions answered within 3 hours.
-
Part 1. Primitive Types, Sorting, Recursion for
Homework.java
a) Implement the static method initializeArray that receives...
asked 28 minutes ago -
Using C++, build a sorter that can rank a sequence of numbers in
a descending order....
asked 24 minutes ago -
Derive ground state term symbols. Use notation 2S(1/2) for state
2S1/2
a) d5
b) f3
c)...
asked 48 minutes ago -
A sample of size 31 will be drawn from a population with mean 39
and standard...
asked 1 hour ago -
What is the effect on the P-value when a test is changed from a
two-tailed hypothesis...
asked 1 hour ago -
I wish to estimate µ, the mean of a population. After I collect
and an-
alyze...
asked 2 hours ago -
At a local university, you poll a group of 115 students and find
that 37 of...
asked 1 hour ago -
Gladstone company tracks the number of units purchased and sold
throughout each accounting period but applies...
asked 1 hour ago -
When determining if a molecule's configuration is E or Z, what
determines the higher priority groups?
asked 1 hour ago -
13. What is the amount
of conversion cost transferred to finished goods? (Round
your intermediate calculations...
asked 1 hour ago -
Sulfuric Acid is a "strong" acid, but only releases a single
proton when it dissolves. What...
asked 1 hour ago -
The
second floor of a house is 6 m above the street level. How much
work...
asked 1 hour ago