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Statement of financial position as at 30 June 2018 2020 ($) 2019 ($) Current Assets Cash...
Kim Khan Comparative statements of financial position as at 30 June 2019 2020 Current assets Cash...
Kim Khan Comparative statements of financial position as at 30 June 2019 2020 Current assets Cash $420 Accounts receivable 4,140 4,210 Inventory 5,500 6,100 Prepaid insurance 300 370 Non-current assets Equipment 18,500 24,900 Accumulated depreciation - equipment (5,700) (7,000) Land 20,000 23,450 Motor vehicles 14,650 15,650 Accumulated depreciation - motor vehicles (5,730) (6,560) Total assets 51,660 61,540 Current liabilities Bank overdraft 300 Accounts payable 6,150 8,050 Non-current liabilities Long-term mortgage 14,000 18,900 Total liabilities 20,450 26,950 Net assets $31,210 $34,590...
COMPARATIVE BALANCE SHEETS AS AT JUNE 30 2020 2019 $'000's $'000's 146 134 Current Assets Cash...
COMPARATIVE BALANCE SHEETS AS AT JUNE 30 2020 2019 $'000's $'000's 146 134 Current Assets Cash at Bank Accounts Receivable Prepaid Insurance Inventory 52 45 10 6 58 46 250 170 Non-Current Assets Machinery less Accum. Depr Machinery Investments Total Assets 90 160 60 110 50 20 476 361 42 58 Current Liabilities Accounts Payable Wages Payable Income Tax Payable 3 8 10 5 Non-Current Liabilities Loan 130 100 185 171 Total Liabilities Net Assets 291 190 Shareholders' Equity Share...
IKIBAN INC. Comparative Balance Sheets June 30, 2019 and 2018 2019 2018 Assets Cash $ 77,300...
IKIBAN INC. Comparative Balance Sheets June 30, 2019 and 2018 2019 2018 Assets Cash $ 77,300 $ 61,000 Accounts receivable, net 90,500 68,000 Inventory 80,800 112,000 Prepaid expenses 6,100 8,800 Total current assets 254,700 249,800 Equipment 141,000 132,000 Accum. depreciation—Equipment (35,500 ) (17,500 ) Total assets $ 360,200 $ 364,300 Liabilities and Equity Accounts payable $ 42,000 $ 55,500 Wages payable 7,700 18,400 Income taxes payable 5,100 7,200 Total current liabilities 54,800 81,100 Notes payable (long term) 33,400 77,000 Total...
MICI Puricu. IKIBAN INC. Comparative Balance Sheets June 30, 2019 and 2018 Assets 2019 2018 Cash...
MICI Puricu. IKIBAN INC. Comparative Balance Sheets June 30, 2019 and 2018 Assets 2019 2018 Cash Accounts receivable, net $ 99, 100 $ 58,000 Inventory 86,000 65,000 Prepaid expenses 77,800 107,500 5,800 Total current assets 8, 200 Equipment 268, 700 238, 700 Accum. depreciation Equipment 138,000 129,000 (34,000) (16,000) Total assets $372, 700 $351, 700 Liabilities and Equity Accounts payable $ 39,000 $ 51,000 Wages payable 7,400 17,800 Income taxes payable 4,800 6,600 Total current liabilities 51,200 75,400 Notes payable...
The condensed financial statements of Blossom Company for the years 2019 and 2020 are presented as...
The condensed financial statements of Blossom Company for the years 2019 and 2020 are presented as follows. (Amounts in thousands.) BLOSSOM COMPANY Balance Sheets December 31 2020 2019 $330 $360 670 600 500 430 Current assets Cash and cash equivalents Accounts receivable (net) Inventory Prepaid expenses Total current assets Investments Property, plant, and equipment Intangibles and other assets 120 160 1,620 210 420 530 1,550 210 380 510 Total assets $2,780 $2,650 $990 Current liabilities Long-term liabilities Stockholders' equity-common $1,100...
2018 IKTBAN INC. Comparative Balance Sheets June 30, 2019 and 2018 2019 Assets Cash $ 97,900...
2018 IKTBAN INC. Comparative Balance Sheets June 30, 2019 and 2018 2019 Assets Cash $ 97,900 Accounts receivable, net 89.000 Inventory 79, 800 Prepaid expenses 6,000 Total current assets 272, 700 Equipment 140,000 Accun. depreciation-Equipment (35,000) Total assets $377, 700 Liabilities and Equity Accounts payable $ 41.000 Wages payable 7,600 Income taxes payable 5,000 Total current liabilities 53, 600 Notes payable (long tern) 46.000 Total liabilities 99,600 Equity Connon stock. $5 par value 252,000 Retained earnings 26.100 Total liabilities and...
Calculate ratios and answer the following question Selected Statement of Financial Position Information 2019 ($'000) 2018...
Calculate ratios and answer
the following question
Selected Statement of Financial Position Information 2019 ($'000) 2018 ($'000) Cash and Cash Equivalents Trade Receivables Inventories Total Current Assets Total Assets Total Current Liabilities Total Liabilities Retained Earnings Shareholders Equity 119.2 236.0 886.7 1,276.5 2,548.8 927.1 1,504.7 555.6 1,044,1 72.0 204.7 891.1 1,210.5 2,491.7 917.2 1,544.1 463.2 947.6 Selected Statement of Financial Performance Information 2019 ($'000) Revenue (cash and credit sales) Income Tax Expense Interest Expense (Finance Costs) Cost of Sales Gross...
BLOSSOM COMPANY Balance Sheets December 31 2020 2019 Current assets $330 $360 640 570 Cash and...
BLOSSOM COMPANY Balance Sheets December 31 2020 2019 Current assets $330 $360 640 570 Cash and cash equivalents Accounts receivable (net) Inventory Prepaid expenses 520 450 160 1,610 Total current assets 1,610 1,540 180 Investments 180 420 Property, plant, and equipment Intangibles and other assets 380 510 530 Total assets $2,740 $2,610 $960 $1,070 470 1,200 440 Current liabilities Long-term liabilities Stockholders' equity-common Total liabilities and stockholders' equity 1,210 $2,740 $2,610 2019 $3,520 BLOSSOM COMPANY Income Statements For the Years...
Net income is $522,000 Please create a statement of cash flow 2020 2019 Assets Current Assets...
Net income is $522,000
Please create a statement of cash flow
2020 2019 Assets Current Assets Cash Accounts receivable Inventory Prepaid expenses 285,000 334,000 306,000 55,000 980,000 305,000 384,000 256,000 35,000 980,000 Total current assets $ $ Fixed (Long-Term) Assets Property, plant, and equipment (Less accumulated depreciation) Total fixed assets $ $ 650,000 (165,000) 485,000 1,465,000 $ $ 590,000 (130,000) 460,000 1,440,000 Total Assets 60,000 15,000 50,000 55,000 180,000 50,000 20,000 25,000 45,000 140,000 $ Liabilities and Owner's Equity Current...
2018 IKIBAN INC. Comparative Balance Sheets June 30, 2019 and 2018 2019 Assets Cash $ 83,...
2018 IKIBAN INC. Comparative Balance Sheets June 30, 2019 and 2018 2019 Assets Cash $ 83, 300 Accounts receivable, net 75,500 Inventory 70,800 Prepaid expenses 5, 100 Total current assets 234, 700 Equipment 131,000 Accum. depreciation-Equipment (30,500) Total assets $335, 200 Liabilities and Equity Accounts payable $ 32,000 Wages payable 6,700 Income taxes payable 4,100 Total current liabilities 42,800 Notes payable (long term) 31,400 Total liabilities 74, 200 Equity Common stock, $5 par value 234,000 Retained earnings 27,000 Total liabilities...
Kim Khan Comparative statements of financial position as at 30 June 2019 2020 Current assets Cash $420 Accounts receivable 4,140 4,210 Inventory 5,500 6,100 Prepaid insurance 300 370 Non-current assets Equipment 18,500 24,900 Accumulated depreciation - equipment (5,700) (7,000) Land 20,000 23,450 Motor vehicles 14,650 15,650 Accumulated depreciation - motor vehicles (5,730) (6,560) Total assets 51,660 61,540 Current liabilities Bank overdraft 300 Accounts payable 6,150 8,050 Non-current liabilities Long-term mortgage 14,000 18,900 Total liabilities 20,450 26,950 Net assets $31,210 $34,590...
COMPARATIVE BALANCE SHEETS AS AT JUNE 30 2020 2019 $'000's $'000's 146 134 Current Assets Cash at Bank Accounts Receivable Prepaid Insurance Inventory 52 45 10 6 58 46 250 170 Non-Current Assets Machinery less Accum. Depr Machinery Investments Total Assets 90 160 60 110 50 20 476 361 42 58 Current Liabilities Accounts Payable Wages Payable Income Tax Payable 3 8 10 5 Non-Current Liabilities Loan 130 100 185 171 Total Liabilities Net Assets 291 190 Shareholders' Equity Share...
MICI Puricu. IKIBAN INC. Comparative Balance Sheets June 30, 2019 and 2018 Assets 2019 2018 Cash Accounts receivable, net $ 99, 100 $ 58,000 Inventory 86,000 65,000 Prepaid expenses 77,800 107,500 5,800 Total current assets 8, 200 Equipment 268, 700 238, 700 Accum. depreciation Equipment 138,000 129,000 (34,000) (16,000) Total assets $372, 700 $351, 700 Liabilities and Equity Accounts payable $ 39,000 $ 51,000 Wages payable 7,400 17,800 Income taxes payable 4,800 6,600 Total current liabilities 51,200 75,400 Notes payable...
The condensed financial statements of Blossom Company for the years 2019 and 2020 are presented as follows. (Amounts in thousands.) BLOSSOM COMPANY Balance Sheets December 31 2020 2019 $330 $360 670 600 500 430 Current assets Cash and cash equivalents Accounts receivable (net) Inventory Prepaid expenses Total current assets Investments Property, plant, and equipment Intangibles and other assets 120 160 1,620 210 420 530 1,550 210 380 510 Total assets $2,780 $2,650 $990 Current liabilities Long-term liabilities Stockholders' equity-common $1,100...
2018 IKTBAN INC. Comparative Balance Sheets June 30, 2019 and 2018 2019 Assets Cash $ 97,900 Accounts receivable, net 89.000 Inventory 79, 800 Prepaid expenses 6,000 Total current assets 272, 700 Equipment 140,000 Accun. depreciation-Equipment (35,000) Total assets $377, 700 Liabilities and Equity Accounts payable $ 41.000 Wages payable 7,600 Income taxes payable 5,000 Total current liabilities 53, 600 Notes payable (long tern) 46.000 Total liabilities 99,600 Equity Connon stock. $5 par value 252,000 Retained earnings 26.100 Total liabilities and...
Calculate ratios and answer
the following question
Selected Statement of Financial Position Information 2019 ($'000) 2018 ($'000) Cash and Cash Equivalents Trade Receivables Inventories Total Current Assets Total Assets Total Current Liabilities Total Liabilities Retained Earnings Shareholders Equity 119.2 236.0 886.7 1,276.5 2,548.8 927.1 1,504.7 555.6 1,044,1 72.0 204.7 891.1 1,210.5 2,491.7 917.2 1,544.1 463.2 947.6 Selected Statement of Financial Performance Information 2019 ($'000) Revenue (cash and credit sales) Income Tax Expense Interest Expense (Finance Costs) Cost of Sales Gross...
BLOSSOM COMPANY Balance Sheets December 31 2020 2019 Current assets $330 $360 640 570 Cash and cash equivalents Accounts receivable (net) Inventory Prepaid expenses 520 450 160 1,610 Total current assets 1,610 1,540 180 Investments 180 420 Property, plant, and equipment Intangibles and other assets 380 510 530 Total assets $2,740 $2,610 $960 $1,070 470 1,200 440 Current liabilities Long-term liabilities Stockholders' equity-common Total liabilities and stockholders' equity 1,210 $2,740 $2,610 2019 $3,520 BLOSSOM COMPANY Income Statements For the Years...
Net income is $522,000
Please create a statement of cash flow
2020 2019 Assets Current Assets Cash Accounts receivable Inventory Prepaid expenses 285,000 334,000 306,000 55,000 980,000 305,000 384,000 256,000 35,000 980,000 Total current assets $ $ Fixed (Long-Term) Assets Property, plant, and equipment (Less accumulated depreciation) Total fixed assets $ $ 650,000 (165,000) 485,000 1,465,000 $ $ 590,000 (130,000) 460,000 1,440,000 Total Assets 60,000 15,000 50,000 55,000 180,000 50,000 20,000 25,000 45,000 140,000 $ Liabilities and Owner's Equity Current...
2018 IKIBAN INC. Comparative Balance Sheets June 30, 2019 and 2018 2019 Assets Cash $ 83, 300 Accounts receivable, net 75,500 Inventory 70,800 Prepaid expenses 5, 100 Total current assets 234, 700 Equipment 131,000 Accum. depreciation-Equipment (30,500) Total assets $335, 200 Liabilities and Equity Accounts payable $ 32,000 Wages payable 6,700 Income taxes payable 4,100 Total current liabilities 42,800 Notes payable (long term) 31,400 Total liabilities 74, 200 Equity Common stock, $5 par value 234,000 Retained earnings 27,000 Total liabilities...
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