1.Between last year and the current year, a company's total stockholders' equity decreased from $500,000 to...
1.Between last year and the current year, a company's total stockholders' equity decreased from $500,000 to $350,000. What are some possible reasons that caused the decrease?
2.A company reported net income of $100,000 and positive net cash flow of $100,000. Does net income and a positive net cash flow represent the same thing? Why or why not?
Homework Answers
Answer to Q#1 (First question in the list):
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1.Between last year and the current year, a company's
total stockholders' equity decreased from $500,000 to...
A company's total liabilities decreased by $135000 and its stockholders' equity decreased by $31500 during a...
A company's total liabilities decreased by $135000 and its stockholders' equity decreased by $31500 during a period of time. By what amount and in what direction must the company's totales have changed during that same period? $166500 increase $109500 decrease $166500 decrease $103500 increase
1. A company reported net income of $100,000 and positive net cash flow of $100,000. Does...
1. A company reported net income of $100,000 and positive net cash flow of $100,000. Does net income and a positive net cash flow represent the same thing? Why or why not?
Tiger Company's total stockholders' equity at the beginning of the year was $180,000. During the year...
Tiger Company's total stockholders' equity at the beginning of the year was $180,000. During the year Tiger reported the following: Net income of $84,000. Dividend declarations totaling $17,500. Issued stock to stockholders in exchange for $44,500 cash. Borrowed $11,500 from a stockholder. What is Tiger's total stockholders' equity at the end of the year?
Black Raptor Inc. has retained earnings of $500,000 and total stockholders' equity of $2,000,000. It has...
Black Raptor Inc. has retained earnings of $500,000 and total stockholders' equity of $2,000,000. It has 80,000 shares of $10 par value common stock outstanding, which is currently selling for $25 per share. What will occur if Black Raptor declares a 10% stock dividend on its common stock? Net income will decrease by $80,000. Retained earnings will decrease by $80,000 and total stockholders' equity will wil increase by $80,000. Retained earnings will decrease by $100,000 and total stockholders' equity will...
The stockholders' equity section on the balance sheet of Mangum's, a popular department store, is shown...
The stockholders' equity section on the balance sheet of Mangum's, a popular department store, is shown below. During the year, the company reported net income of $241,145,000 and declared and paid dividends of $11,917,000. Stockholders' Equity Current Year Last Year Common stock, Class A—116,670,308 and 116,515,495 shares issued; ? and ? shares outstanding 1,167,000 1,165,000 Common stock, Class B (convertible)-4,080,929 shares issued and outstanding 41,000 41,000 Additional paid-in capital 779,055,000 791,987,000 Retained earnings 2,457,727,000 Less treasury stock, at cost, Class...
Comparative Balance Sheet This Year Last Year Assets Current assets: Cash and cash equivalents Accounts receivable...
Comparative Balance Sheet This Year Last Year Assets Current assets: Cash and cash equivalents Accounts receivable Inventory Prepaid expense:s $61,000 $ 40,00e 530,000 860,00e 5,000 1,629,000 1,435,000 3,170,000 2,600,00e 755,000 2,360,000 1,845,000 110,000 170,000 $4,263,000 $3,560,006e 710,000 848, 000 10,000 Total current assets Property, plant, and equipment Less accumulated depreciation 810,00e Net property, plant, and equipment Long-term investments Loans to subsidiaries Total assets 60,000 214,000 Liabilities and Stockholders' Equity Current liabilities: Accounts payable Accrued liabilities Income taxes payable $ 970,000...
The December 31, Year 1, balance sheet for Deen Company showed total stockholders' equity of $75,000....
The December 31, Year 1, balance sheet for Deen Company showed total stockholders' equity of $75,000. Total stockholders' equity increased by $50,000 between December 31, Year 1, and December 31, Year 2. During Year 2, Deen Company acquired $10,000 cash from the issue of common stock. Deen Company paid a $8,000 cash dividend to the stockholders during Year 2 Required Determine the amount of net income or loss Deen reported on its Year 2 income statement. (Hint Remember that stock...
Last Year Sabin Electronics Comparative Balance Sheet This Year Assets Current assets: Cash $ 150, Bee...
Last Year Sabin Electronics Comparative Balance Sheet This Year Assets Current assets: Cash $ 150, Bee Marketable securities Accounts receivable, net 737, Bee Inventory 1,145, Bee Prepaid expenses 38, Total current assets 2,eze, eee Plant and equipment, net 2,388,888 Total assets $ 4,378,8ee Liabilities and Stockholders Equity Liabilities: Current liabilities $ 900,0 Bonds payable, 12% 9ee, see Total liabilities 1,800,eee Stockholders' equity: Common stock, $20 par 890,000 Retained earnings 1,688,888 Total stockholders' equity 2,570,8ee Total liabilities and stockholders' equity $...
(c) Prepare a stockholders' equity section at December 31 P14-2B The stockholders' equity accounts of Motz...
(c) Prepare a stockholders' equity section at December 31 P14-2B The stockholders' equity accounts of Motz Inc., at January 1, 2012, are as follows. Preferred Stock, $100 par, 7% $600,000 Common Stock, $10 par 900,000 Paid-in Capital in Excess of Par-Preferred Stock 100,000 Paid-in Capital in Excess of Par-Common Stock 200,000 Retained Earnings 500,000 There were no dividends in arrears on preferred stock. During 2012, the company had the following transactions and events. Declared a $0.50 cash dividend on common...
Question 2 2 pts If total assets increased by $51,000 and stockholders' equity decreased by $11,000...
Question 2 2 pts If total assets increased by $51,000 and stockholders' equity decreased by $11,000 during a period of time, then total liabilities must change by what amount and direction during that same period? • 40,000 decrease $62,000 increase $62,000 decrease $51,000 Increase $40,000 increase Question 7 1.5 pts These selected condensed data are taken from a recent balance sheet of Jane Gray's Farms (in millions of dollars). Cash Accounts receivable Inventory Other current assets Total current assets Total...
A company's total liabilities decreased by $135000 and its stockholders' equity decreased by $31500 during a period of time. By what amount and in what direction must the company's totales have changed during that same period? $166500 increase $109500 decrease $166500 decrease $103500 increase
Black Raptor Inc. has retained earnings of $500,000 and total stockholders' equity of $2,000,000. It has 80,000 shares of $10 par value common stock outstanding, which is currently selling for $25 per share. What will occur if Black Raptor declares a 10% stock dividend on its common stock? Net income will decrease by $80,000. Retained earnings will decrease by $80,000 and total stockholders' equity will wil increase by $80,000. Retained earnings will decrease by $100,000 and total stockholders' equity will...
The stockholders' equity section on the balance sheet of Mangum's, a popular department store, is shown below. During the year, the company reported net income of $241,145,000 and declared and paid dividends of $11,917,000. Stockholders' Equity Current Year Last Year Common stock, Class A—116,670,308 and 116,515,495 shares issued; ? and ? shares outstanding 1,167,000 1,165,000 Common stock, Class B (convertible)-4,080,929 shares issued and outstanding 41,000 41,000 Additional paid-in capital 779,055,000 791,987,000 Retained earnings 2,457,727,000 Less treasury stock, at cost, Class...
Comparative Balance Sheet This Year Last Year Assets Current assets: Cash and cash equivalents Accounts receivable Inventory Prepaid expense:s $61,000 $ 40,00e 530,000 860,00e 5,000 1,629,000 1,435,000 3,170,000 2,600,00e 755,000 2,360,000 1,845,000 110,000 170,000 $4,263,000 $3,560,006e 710,000 848, 000 10,000 Total current assets Property, plant, and equipment Less accumulated depreciation 810,00e Net property, plant, and equipment Long-term investments Loans to subsidiaries Total assets 60,000 214,000 Liabilities and Stockholders' Equity Current liabilities: Accounts payable Accrued liabilities Income taxes payable $ 970,000...
The December 31, Year 1, balance sheet for Deen Company showed total stockholders' equity of $75,000. Total stockholders' equity increased by $50,000 between December 31, Year 1, and December 31, Year 2. During Year 2, Deen Company acquired $10,000 cash from the issue of common stock. Deen Company paid a $8,000 cash dividend to the stockholders during Year 2 Required Determine the amount of net income or loss Deen reported on its Year 2 income statement. (Hint Remember that stock...
Last Year Sabin Electronics Comparative Balance Sheet This Year Assets Current assets: Cash $ 150, Bee Marketable securities Accounts receivable, net 737, Bee Inventory 1,145, Bee Prepaid expenses 38, Total current assets 2,eze, eee Plant and equipment, net 2,388,888 Total assets $ 4,378,8ee Liabilities and Stockholders Equity Liabilities: Current liabilities $ 900,0 Bonds payable, 12% 9ee, see Total liabilities 1,800,eee Stockholders' equity: Common stock, $20 par 890,000 Retained earnings 1,688,888 Total stockholders' equity 2,570,8ee Total liabilities and stockholders' equity $...
(c) Prepare a stockholders' equity section at December 31 P14-2B The stockholders' equity accounts of Motz Inc., at January 1, 2012, are as follows. Preferred Stock, $100 par, 7% $600,000 Common Stock, $10 par 900,000 Paid-in Capital in Excess of Par-Preferred Stock 100,000 Paid-in Capital in Excess of Par-Common Stock 200,000 Retained Earnings 500,000 There were no dividends in arrears on preferred stock. During 2012, the company had the following transactions and events. Declared a $0.50 cash dividend on common...
Question 2 2 pts If total assets increased by $51,000 and stockholders' equity decreased by $11,000 during a period of time, then total liabilities must change by what amount and direction during that same period? • 40,000 decrease $62,000 increase $62,000 decrease $51,000 Increase $40,000 increase Question 7 1.5 pts These selected condensed data are taken from a recent balance sheet of Jane Gray's Farms (in millions of dollars). Cash Accounts receivable Inventory Other current assets Total current assets Total...
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