Homework Answers
| Unearned revenue | Liability | 2 | ||||||
| Short-term borrowings | Liability | 2 | ||||||
| Interest and other financial charges | Expense | 5 | ||||||
| Retained earnings | Stockholder's equity | 3 | ||||||
| Investments | Asset | 1 | ||||||
| Others are correct | ||||||||
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I got 8/13, which are wrong?
Question 17 (13 points) Saved Match each account to the...
Please correct any that are wrong and explain why Match each account to the correct classification....
Please correct any that are wrong and explain why
Match each account to the correct classification. Sales Revenue Unearned Revenue Retained Earnings Preferred Stock 3 Interest & Other Financial 1. Asset Charges 2. Liability Short-term Borrowings 3. Stockholders Equity Inventories 1. 4. Revenue Cost of Sales 5. Expense Cash and Cash 6. Dividend Equivalents Investments Accounts payable Property, Plant, & Equipment Trademarks 4- 4. 2.
asset, expense, liability or revenue Check my work According to its annual report, P&G's billion-dollar brands...
asset, expense, liability or revenue
Check my work According to its annual report, P&G's billion-dollar brands include Pampers, Tide, Ariel, Always, Pantene, Bounty. Charmin, Downy, Olay, Crest, Vicks, Gillette, Duracell, and others. The following are items taken from its recent balanc sheet and income statement. Note that different companies use slightly different titles for the same item. Select each item in the following list as an asset, liability, or stockholders' equity item that would appear on the balance sheet or...
Problem 5 : P13-41A Background: D-Mobile Wireless needed additional capital to expand, so the business incorporated....
Problem 5 : P13-41A Background: D-Mobile Wireless needed additional capital to expand, so the business incorporated. The charter from the state of Georgia authorizes D-Mobile to issue 50,000 shares of 8%, $50 par value cumulative preferred stock and 160,000 shares of $4 par value common stock. D-Mobile entered into the transactions listed in the Transactions section below during October 2018. Assignment: 1) Using the General Journal tab, click Add Transaction to journalize each transaction. Click Post Transaction once you complete...
I need help on the problems I got wrong. The comparative financial statements of Blige Inc. are as follows. The mark...
I need help on the problems I got wrong.
The comparative financial statements of Blige Inc. are as follows. The market price of Blige Inc. common stock was $67 on December 31, 2016 Blige Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 2016 and 2015 2016 2015 $2,398,100 Retained earnings, January 1 $2,823,100 Add net income for year 660,000 491,200 Total $3,483,100 $2,889,300 Deduct dividends On preferred stock $8,400 $8,400 57,800 57,800 On common stock Total $66,200...
Assigned Media Question Help T14-1 (book/static) For each account listed, identify the category in which it...
Assigned Media Question Help T14-1 (book/static) For each account listed, identify the category in which it would appear on a classified balance sheet Account Category Intangible assets Long-term liabilities Property, plant, and equipment Current assets 1. Patents 2. Mortgage Payable (due in five years) 3. Land 4 Office Supplies 5. Unearned Revenue Investments in stock of another company held long- 6. term 7. Accumulated Depreciation-Furniture Current assets Current liabilities Intangible assets Long-term investments Long-term liabilities Property, plant, and equipment Stockholders'...
Question 47 40 pts PROBLEM 2(40 Points The following items are listed alphabetically. Use the bolded...
Question 47 40 pts PROBLEM 2(40 Points The following items are listed alphabetically. Use the bolded abbreviations for your answers. Use Column 1 to indicate whether the item is found on the Balance Sheet (BS) or Income Statement (IS) For Balance Sheet items, use Column 2 to indicate the following: CA Current Asset, NCA Non Current Asset, PPE- Property, Plant & Equipment, IA-Intangible Asset CL Current Liability, NCL-Non Current Liability, or SE- Stockholders' Equity. Use Column 3 to indicate whether...
For the below Income Statement and Balance Sheet, you are to match the Available Choices with...
For the below Income Statement and Balance Sheet, you are to match the Available Choices with the Accounts that are missing numbers. Gross margin 100,000 Accounts receivable 15,000 Goodwill 10,000 Net income 20,000 Cash and cash equivalents 10,000 Inventories 20,000 Retained earnings 20,000 Cost of Goods Sold 400,000 Property, plant and equipment, net 150,000 Operating income 30,000 Bank notes 13,000 Income before income taxes 26,000 Total assets ...
I got $67000 which is wrong. I need help please explain and show work/ I rate...
I got $67000 which is wrong.
I need help please explain and show work/ I rate instantly
Required information The following information applies to the questions displayed below Maben Company was started on January 1, 2018, and experienced the following events during its first year of operation: . Acquired $35,000 cash from the issue of common stock 2. Borrowed $47,000 cash from National Bank. 3. Earned cash revenues of $63,000 for performing services 4. Paid cash expenses of $52,500 5....
EXTRA CREDIT QUESTION (10 POINTS) Complete the template for the expanded accounting equation below: Write in the classification of each T account. 2. Fill in the boxes to indicate whether each...
EXTRA CREDIT QUESTION (10 POINTS) Complete the template for the expanded accounting equation below: Write in the classification of each T account. 2. Fill in the boxes to indicate whether each T account is added or subtracted. . Use the and -signs to indicate whether the debit or the credit increases () or decreases -) the acco Dr. Cr Dr. Cr Dr. Cr. Dr. Cr. MULTIPLE CHOICE (60 POINTS). Choose the best answer of the options provided. Record your answers...
Required information Problem 13-7 Prepare a statement of Cash Flows (LO13-1, LO13-2) The following information applies...
Required information Problem 13-7 Prepare a statement of Cash Flows (LO13-1, LO13-2) The following information applies to the questions displayed below) Comparative financial statements for Weaver Company follow. Weaver Company Comparative Balance Sheet at December 31 This Year Assets Cash and cash equivalents Accounts receivable Inventory Prepaid expenses Total current assets Property, plant, and equipment Less accumulated depreciation Net property, plant, and equipment Long-term investments Total assets Liabilities and Stockholders' Equity Accounts payable $302 Accrued liabilities Income taxes payable Total...
Please correct any that are wrong and explain why
Match each account to the correct classification. Sales Revenue Unearned Revenue Retained Earnings Preferred Stock 3 Interest & Other Financial 1. Asset Charges 2. Liability Short-term Borrowings 3. Stockholders Equity Inventories 1. 4. Revenue Cost of Sales 5. Expense Cash and Cash 6. Dividend Equivalents Investments Accounts payable Property, Plant, & Equipment Trademarks 4- 4. 2.
asset, expense, liability or revenue
Check my work According to its annual report, P&G's billion-dollar brands include Pampers, Tide, Ariel, Always, Pantene, Bounty. Charmin, Downy, Olay, Crest, Vicks, Gillette, Duracell, and others. The following are items taken from its recent balanc sheet and income statement. Note that different companies use slightly different titles for the same item. Select each item in the following list as an asset, liability, or stockholders' equity item that would appear on the balance sheet or...
I need help on the problems I got wrong.
The comparative financial statements of Blige Inc. are as follows. The market price of Blige Inc. common stock was $67 on December 31, 2016 Blige Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 2016 and 2015 2016 2015 $2,398,100 Retained earnings, January 1 $2,823,100 Add net income for year 660,000 491,200 Total $3,483,100 $2,889,300 Deduct dividends On preferred stock $8,400 $8,400 57,800 57,800 On common stock Total $66,200...
Assigned Media Question Help T14-1 (book/static) For each account listed, identify the category in which it would appear on a classified balance sheet Account Category Intangible assets Long-term liabilities Property, plant, and equipment Current assets 1. Patents 2. Mortgage Payable (due in five years) 3. Land 4 Office Supplies 5. Unearned Revenue Investments in stock of another company held long- 6. term 7. Accumulated Depreciation-Furniture Current assets Current liabilities Intangible assets Long-term investments Long-term liabilities Property, plant, and equipment Stockholders'...
Question 47 40 pts PROBLEM 2(40 Points The following items are listed alphabetically. Use the bolded abbreviations for your answers. Use Column 1 to indicate whether the item is found on the Balance Sheet (BS) or Income Statement (IS) For Balance Sheet items, use Column 2 to indicate the following: CA Current Asset, NCA Non Current Asset, PPE- Property, Plant & Equipment, IA-Intangible Asset CL Current Liability, NCL-Non Current Liability, or SE- Stockholders' Equity. Use Column 3 to indicate whether...
I got $67000 which is wrong.
I need help please explain and show work/ I rate instantly
Required information The following information applies to the questions displayed below Maben Company was started on January 1, 2018, and experienced the following events during its first year of operation: . Acquired $35,000 cash from the issue of common stock 2. Borrowed $47,000 cash from National Bank. 3. Earned cash revenues of $63,000 for performing services 4. Paid cash expenses of $52,500 5....
EXTRA CREDIT QUESTION (10 POINTS) Complete the template for the expanded accounting equation below: Write in the classification of each T account. 2. Fill in the boxes to indicate whether each T account is added or subtracted. . Use the and -signs to indicate whether the debit or the credit increases () or decreases -) the acco Dr. Cr Dr. Cr Dr. Cr. Dr. Cr. MULTIPLE CHOICE (60 POINTS). Choose the best answer of the options provided. Record your answers...
Required information Problem 13-7 Prepare a statement of Cash Flows (LO13-1, LO13-2) The following information applies to the questions displayed below) Comparative financial statements for Weaver Company follow. Weaver Company Comparative Balance Sheet at December 31 This Year Assets Cash and cash equivalents Accounts receivable Inventory Prepaid expenses Total current assets Property, plant, and equipment Less accumulated depreciation Net property, plant, and equipment Long-term investments Total assets Liabilities and Stockholders' Equity Accounts payable $302 Accrued liabilities Income taxes payable Total...
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