Homework Answers
| Condensed Balance Sheets | ||||
| December 31 | ||||
| Increase or (Decrease) | ||||
| 2020 | 2019 | Amount | Percentage | |
| Assets | ||||
| Current assets | 122600 | 100000 | 22600 | 22.6% |
| Plant assets (net) | 394350 | 330000 | 64350 | 19.5% |
| Total assets | 516950 | 430000 | 86950 | 20.2% |
| Liabilities | ||||
| Current liabilities | 85968 | 72000 | 13968 | 19.4% |
| Long-term liabilities | 133902 | 86000 | 47902 | 55.7% |
| Total liabilities | 219870 | 158000 | 61870 | 39.2% |
| Stockholders' Equity | ||||
| Common stock, $1 par | 166210 | 110000 | 56210 | 51.1% |
| Retained earnings | 130870 | 162000 | -31130 | -19.2% |
| Total stockholders' equity | 297080 | 272000 | 25080 | 9.2% |
| Total liabilities and stockholders' equity | 516950 | 430000 | 86950 | 20.2% |
| Percentage Increase(decrease) = Amount Increase(decrease)/Amount in 2019 | ||||
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Here is financial information for Glitter Inc. December 31, 2020 December 31, 2019 $100,000 $122,600 394,350...
TeSLIUIT Policies ent Attempt in Progress ere is financial information for Glitter Inc. December 31, 2020...
TeSLIUIT Policies ent Attempt in Progress ere is financial information for Glitter Inc. December 31, 2020 December 31, 2019 Current assets $122.600 $100,000 330,000 394.350 72.000 Plant assets (net) Current liabilities Long-term liabilities Common stock. $1 par 85.968 133.902 166 210 130 870 86.000 110.000 162.000 Retained earnings Prepare a schedule showing a horizontalanalysis for 2020. using 2019 as the decimal place. e.g. 12.3%.] GLITTER INC. Condensed Balance Sh December 31 2020 2019 Assets MIT N decimal places, s. 12.3%)...
Here is financial information for Glitter Inc. December 31, 2020 December 31, 2019 Current assets $123,400...
Here is financial information for Glitter Inc.
December 31, 2020
December 31, 2019
Current assets
$123,400
$100,000
Plant assets (net)
394,350
330,000
Current liabilities
86,328
72,000
Long-term liabilities
133,280
85,000
Common stock, $1 par
166,440
120,000
Retained earnings
131,702
153,000
Prepare a schedule showing a horizontal analysis for 2020, using
2019 as the base year. (Enter negative amounts and
percentages using either a negative sign preceding the number e.g.
-45, -45% or parentheses e.g. (45), (45%). Round percentages to 1...
Exercise 18-03 (Video) Here is financial information for Glitter Inc. December 31, 2020 December 31, 2019...
Exercise 18-03 (Video) Here is financial information for Glitter Inc. December 31, 2020 December 31, 2019 Current assets $124,200 $100,000 Plant assets (net) 394,630 335,000 Current liabilities 88,416 72,000 Long-term liabilities 131,924 86,000 Common stock, $1 par 165,945 115,000 Retained earnings 132,545 162,000 Prepare a schedule showing a horizontal analysis for 2020, using 2019 as the base year. (Enter negative amounts and percentages using either a negative sign preceding the number e.g. -45, -45% or parentheses e.g. (45), (45%). Round...
Question 1 Here is financial information for Glitter Inc. December 31, 2020 December 31, 2019 Current...
Question 1
Here is financial information for Glitter Inc.
December 31, 2020
December 31, 2019
Current assets
$124,600
$100,000
Plant assets (net)
395,010
330,000
Current liabilities
88,111
73,000
Long-term liabilities
135,198
87,000
Common stock, $1 par
166,838
119,000
Retained earnings
129,463
151,000
Prepare a schedule showing a horizontal analysis for 2020, using
2019 as the base year. (Enter negative amounts and
percentages using either a negative sign preceding the number e.g.
-45, -45% or parentheses e.g. (45), (45%). Round percentages...
Here is financial information for Glitter Inc. December 31, 2020 December 31, 2019 Current assets $122,400 $100,000 Pla...
Here is financial information for Glitter Inc. December 31, 2020 December 31, 2019 Current assets $122,400 $100,000 Plant assets (net) 394,362 327,000 Current liabilities 86,325 75,000 Long-term liabilities 133,672 88,000 Common stock, $1 par 166,374 117,000 Retained earnings 130,391 147,000 Prepare a schedule showing a horizontal analysis for 2020, using 2019 as the base year. (Enter negative amounts and percentages using either a negative sign preceding the number e.g. -45, -45% or parentheses e.g. (45), (45%). Round percentages to 1...
Exercise 18-03 (Video) Here financial information for Glitter Inc. December 31, 2019 Current assets Plant assets...
Exercise 18-03 (Video) Here financial information for Glitter Inc. December 31, 2019 Current assets Plant assets (net) Current liabilities Long-term liabilities Common stock, $1 par Retained earnings December 31, 2020 $124,400 394,788 87,780 137,772 166,362 127,274 $100,000 334,000 70,000 86,000 119,000 159,000 Prepare a schedule showing a horizontal analysis for 2020, using 2019 as the base year. (Enter negative amounts and percentages using either a negative sign preceding the number e.g. -45, -45% or parentheses e.g. (45), (45%). Round percentages...
Exercise 14-3 (Video) Here is financial information for Glitter Inc. December 31, 2020 December 31, 2019...
Exercise 14-3 (Video) Here is financial information for Glitter Inc. December 31, 2020 December 31, 2019 Current assets Plant assets (net) Current liabilities Long-term liabilities Common stock, $1 par Retained earnings $123,000 395,300 89,279 130,592 166,959 131,470 $100,000 335,000 73,000 88,000 117,000 157,000 Prepare a schedule showing a horizontal analysis for 2020, using 2019 as the base year. (Enter negative amounts and percentages using either a negative sign preceding the number e.g. -45, -45% or parentheses e.g. (45), (45%). Round...
*Exercise 18-03 (Video) Here is financial information for Glitter Inc. December 31, 2020 Current assets $123,000...
*Exercise 18-03 (Video) Here is financial information for Glitter Inc. December 31, 2020 Current assets $123,000 Plant assets (net) 394,471 Current liabilities 87,472 Long-term liabilities 137,192 Common stock, $1 par 166,833 Retained earnings 125,974 December 31, 2019 $100,000 329,000 71,000 88,000 111,000 159,000 Prepare a schedule showing a horizontal analysis for 2020, using 2019 as the base year. (Enter negative amounts and percentages using either a negative sign preceding the number e.g. -45, -45% or parentheses e.. (45), (4596). Round...
Glitter Inc Balance sheet NEIT. Here is financial information for Glitter Inc. Current assets Plant assets...
Glitter Inc Balance sheet
NEIT. Here is financial information for Glitter Inc. Current assets Plant assets (net) Current liabilities Long-term liabilities Common stock, $1 par Retained earnings December 31, 2020 $124,400 394,788 87,780 137,772 166,362 127.274 December 31, 2019 $100,000 334,000 70,000 85.000 119,000 159,000 Prepare a schedule showing a horizontal analysis for 2020, using 2019 as the base year. (Enter negative amounts and percentages using either a negative sign preceding the number e.g. -45, -45% or parentheses e.g. (45),...
December 31, 2020 December 31, 2019 Current assets $123,400 $100,000 Plant assets (net) 394,883 331,000 Current...
December 31, 2020 December 31, 2019 Current assets $123,400 $100,000 Plant assets (net) 394,883 331,000 Current liabilities 88,726 74,000 Long-term liabilities 129,860 86,000 Common stock, $1 par 166,838 119,000 Retained earnings 132,859 152,000 Prepare a schedule showing a horizontal analysis for 2020, using 2019 as the base year. (Enter negative amounts and percentages using either a negative sign preceding the number e.g. -45, -45% or parentheses e.g. (45), (45%). Round percentages to 1 decimal place, e.g. 12.3%.) GLITTER INC. Condensed...
TeSLIUIT Policies ent Attempt in Progress ere is financial information for Glitter Inc. December 31, 2020 December 31, 2019 Current assets $122.600 $100,000 330,000 394.350 72.000 Plant assets (net) Current liabilities Long-term liabilities Common stock. $1 par 85.968 133.902 166 210 130 870 86.000 110.000 162.000 Retained earnings Prepare a schedule showing a horizontalanalysis for 2020. using 2019 as the decimal place. e.g. 12.3%.] GLITTER INC. Condensed Balance Sh December 31 2020 2019 Assets MIT N decimal places, s. 12.3%)...
Here is financial information for Glitter Inc.
December 31, 2020
December 31, 2019
Current assets
$123,400
$100,000
Plant assets (net)
394,350
330,000
Current liabilities
86,328
72,000
Long-term liabilities
133,280
85,000
Common stock, $1 par
166,440
120,000
Retained earnings
131,702
153,000
Prepare a schedule showing a horizontal analysis for 2020, using
2019 as the base year. (Enter negative amounts and
percentages using either a negative sign preceding the number e.g.
-45, -45% or parentheses e.g. (45), (45%). Round percentages to 1...
Question 1
Here is financial information for Glitter Inc.
December 31, 2020
December 31, 2019
Current assets
$124,600
$100,000
Plant assets (net)
395,010
330,000
Current liabilities
88,111
73,000
Long-term liabilities
135,198
87,000
Common stock, $1 par
166,838
119,000
Retained earnings
129,463
151,000
Prepare a schedule showing a horizontal analysis for 2020, using
2019 as the base year. (Enter negative amounts and
percentages using either a negative sign preceding the number e.g.
-45, -45% or parentheses e.g. (45), (45%). Round percentages...
Here is financial information for Glitter Inc. December 31, 2020 December 31, 2019 Current assets $122,400 $100,000 Plant assets (net) 394,362 327,000 Current liabilities 86,325 75,000 Long-term liabilities 133,672 88,000 Common stock, $1 par 166,374 117,000 Retained earnings 130,391 147,000 Prepare a schedule showing a horizontal analysis for 2020, using 2019 as the base year. (Enter negative amounts and percentages using either a negative sign preceding the number e.g. -45, -45% or parentheses e.g. (45), (45%). Round percentages to 1...
Exercise 18-03 (Video) Here financial information for Glitter Inc. December 31, 2019 Current assets Plant assets (net) Current liabilities Long-term liabilities Common stock, $1 par Retained earnings December 31, 2020 $124,400 394,788 87,780 137,772 166,362 127,274 $100,000 334,000 70,000 86,000 119,000 159,000 Prepare a schedule showing a horizontal analysis for 2020, using 2019 as the base year. (Enter negative amounts and percentages using either a negative sign preceding the number e.g. -45, -45% or parentheses e.g. (45), (45%). Round percentages...
Exercise 14-3 (Video) Here is financial information for Glitter Inc. December 31, 2020 December 31, 2019 Current assets Plant assets (net) Current liabilities Long-term liabilities Common stock, $1 par Retained earnings $123,000 395,300 89,279 130,592 166,959 131,470 $100,000 335,000 73,000 88,000 117,000 157,000 Prepare a schedule showing a horizontal analysis for 2020, using 2019 as the base year. (Enter negative amounts and percentages using either a negative sign preceding the number e.g. -45, -45% or parentheses e.g. (45), (45%). Round...
*Exercise 18-03 (Video) Here is financial information for Glitter Inc. December 31, 2020 Current assets $123,000 Plant assets (net) 394,471 Current liabilities 87,472 Long-term liabilities 137,192 Common stock, $1 par 166,833 Retained earnings 125,974 December 31, 2019 $100,000 329,000 71,000 88,000 111,000 159,000 Prepare a schedule showing a horizontal analysis for 2020, using 2019 as the base year. (Enter negative amounts and percentages using either a negative sign preceding the number e.g. -45, -45% or parentheses e.. (45), (4596). Round...
Glitter Inc Balance sheet
NEIT. Here is financial information for Glitter Inc. Current assets Plant assets (net) Current liabilities Long-term liabilities Common stock, $1 par Retained earnings December 31, 2020 $124,400 394,788 87,780 137,772 166,362 127.274 December 31, 2019 $100,000 334,000 70,000 85.000 119,000 159,000 Prepare a schedule showing a horizontal analysis for 2020, using 2019 as the base year. (Enter negative amounts and percentages using either a negative sign preceding the number e.g. -45, -45% or parentheses e.g. (45),...
December 31, 2020 December 31, 2019 Current assets $123,400 $100,000 Plant assets (net) 394,883 331,000 Current liabilities 88,726 74,000 Long-term liabilities 129,860 86,000 Common stock, $1 par 166,838 119,000 Retained earnings 132,859 152,000 Prepare a schedule showing a horizontal analysis for 2020, using 2019 as the base year. (Enter negative amounts and percentages using either a negative sign preceding the number e.g. -45, -45% or parentheses e.g. (45), (45%). Round percentages to 1 decimal place, e.g. 12.3%.) GLITTER INC. Condensed...
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