Homework Answers
Add Answer to:
lif TE = BALANCE SHEET December 31 2019 2018 Assets Cash $ 53,000 $ 22,000 Accounts...
The comparative unclassified Balance Sheet for Company P as follows: COMPANY P LTD. BALANCE SHEET December...
The comparative unclassified Balance Sheet for Company P as follows: COMPANY P LTD. BALANCE SHEET December 31 2019 2018 Assets Cash $ 53,000 $ 22,000 Accounts receivable 80,000 76,000 Merchandise inventory 185,000 189.000 Land 70,000 100,000 Equipment 265,000 200,000 Accumulated depreciation (66,000) (32,000) Total assets $587,000 $555,000 Liabilities and Shareholders' Equity Accounts payable $ 39,000 $ 47,000 Bank loan payable 150,000 200,000 Common shares 199,000 174,000 Retained earnings 199,000 134,000 Total liabilities and shareholders' equity $587,000 $555,000 Additional information: 1....
Styles The comparative unclassified Balance Sheet for Company Q as follows: COMPANY QLTD. BALANCE SHEET December...
Styles The comparative unclassified Balance Sheet for Company Q as follows: COMPANY QLTD. BALANCE SHEET December 31 2019 2018 Assets Cash $ 53,000 $ 22,000 Accounts receivable 80,000 76,000 Merchandise inventory 185,000 189,000 Land 70,000 100,000 Equipment 265,000 200,000 Accumulated depreciation (66,000) (17,000) Total assets $587,000 $555,000 Liabilities and Shareholders' Equity Accounts payable $ 39,000 $ 47,000 Bank loan payable 150,000 200,000 Common shares 199,000 174,000 Retained earnings 199,000 134,000 Total liabilities and shareholders' equity $587,000 $555,000 Additional information: 1....
The comparative unclassified Balance Sheet for Company Q as follows: COMPANY Q LTD. BALANCE SHEET December...
The comparative unclassified Balance Sheet for Company Q as follows: COMPANY Q LTD. BALANCE SHEET December 31 2019 2018 Assets Cash $ 53,000 $ 22,000 Accounts receivable 80,000 76,000 Merchandise inventory 185,000 189,000 Land 70,000 100.000 Equipment 265,000 200,000 Accumulated depreciation (66,000) (17,000) Total assets $587,000 $555,000 Liabilities and Shareholders' Equity Accounts payable $ 39,000 $ 47,000 Bank loan payable 150,000 200,000 Common shares 199,000 174,000 Retained earnings 199,000 134,000 Total liabilities and shareholders' equity S587,000 $555,000 23 Additional information:...
yies Question #2 (25 marks) The comparative unclassified Balance Sheet for Company Q as follows: COMPANY...
yies Question #2 (25 marks) The comparative unclassified Balance Sheet for Company Q as follows: COMPANY Q LTD. BALANCE SHEET December 31 2019 2018 Assets Cash $ 53,000 $ 22,000 Accounts receivable 80,000 76,000 Merchandise inventory 185,000 189,000 Land 70,000 100,000 Equipment 265,000 200,000 Accumulated depreciation (66,000) (17,000) Total assets $587,000 $555,000 Liabilities and Shareholders' Equity Accounts payable $ 39,000 $ 47,000 Bank loan payable 150.000 200.000 Common shares 199,000 174,000 Retained earnings 199,000 134,000 Total liabilities and shareholders' equity...
MARZANO COMPANY Comparative Balance Sheets December 31 Assets 2017 Cash $ 63,000 Accounts receivable 88,000 Inventory...
MARZANO COMPANY Comparative Balance Sheets December 31 Assets 2017 Cash $ 63,000 Accounts receivable 88,000 Inventory 167,000 Land 80,000 Equipment 265,000 Accumulated depreciation-equipment (66,000) Total $597,000 Change 40,000 12.000 O, I or F Step #3 0 2016 $22,000 76,000 189,000 100,000 200,000 (32,000) $555,000 122,000) o (20, 000) I 65.000 I 34,000 0 0 Liabilities and Stockholders' Equity Accounts payable Bonds payable Common stock ($1 par) Retained earnings Total $34,000 150,000 221,000 192,000 $597,000 $43,000 (9000) 200,000 (50,000) 174,000 (47,...
Vero Company Comparative Balance Sheets December 31 Assets Cash Accounts receivable 2020 $63,000 85,000 170,000 75,000...
Vero Company Comparative Balance Sheets December 31 Assets Cash Accounts receivable 2020 $63,000 85,000 170,000 75,000 270,000 2019 $ 22,000 76,000 189,000 100,000 200,000 Inventory Land Equipment Accumulated depreciation-equipment Total $597,000 $555,000 Liabilities and Stockholders' Equity Accounts payable $ 39,000 $ 47,000 Bonds payable Common stock ($1 par) 150,000 216,000 192.000 200,000 174,000 134.000 Retained earnings Total $597,000 $555,000 Additional information: 1. Net income for 2020 was $93.000. 2. Cash dividends of $35,000 were declared and paid. 3. Bonds payable...
MC TRAVEL INC. Balance Sheet December 31, $ Restated 2020 Restated 2019 Change ASSETS-Current assets Cash...
MC TRAVEL INC. Balance Sheet December 31, $ Restated 2020 Restated 2019 Change ASSETS-Current assets Cash Temporary investments Accounts receivable Allowance for doubtful accounts Total current assets 7,600,000 2,006,000 5,000,000 -200,000 14,406,000 5,040,000 1,900,000 3,700,000 -100,500 10,539,500 2,560,000 106,000 1,300,000 -99,500 3,866,500 Capital assets Land Building and equipment Accumulated depreciation Total capital assets 40,250,000 40,270,000 -5,175,000 75,345,000 15,250,000 40,072,000 -3,450,000 51,872,000 25,000,000 198,000 -1,725,000 23,473,000 Total assets 89,751,000 62,411,500 27,339,500 LIABILITIES AND SHAREHOLDERS' EQUITY Accounts payable Interest payable Income taxes...
Veesperna Company Balance Sheet As at December 31 2018 2017 Assets Current Assets Cash Accounts R...
need to find the sale of equipment
Veesperna Company Balance Sheet As at December 31 2018 2017 Assets Current Assets Cash Accounts Receivable Merchandise Inventory Total Current Assets Land Equipment Less: Accumulated Depreciation $-55,000 $-69,000 Total Assets $109,915 $75,100 $47,600 $29,900 $78,600 $46,500 $236,115 $151,500 $96,000 $103,000 $106,000 $139,000 $383,115 $324,500 Liabilities and Equity Liabilities Current Liabilities Accounts Payable Taxes Payable Total Current Liabilities Bonds Payable Total Liabilities Stockholders' Equity Common Stock Retained Earnings Total Stockholders' Equity Total Liabilities and...
Cash 68,000 22,000 Accounts Receivable 88,000 76,000 Inventory 167,000 189,000 Land 80,000 100,000 Equipment 260,000 200,000...
Cash 68,000 22,000 Accounts Receivable 88,000 76,000 Inventory 167,000 189,000 Land 80,000 100,000 Equipment 260,000 200,000 Accumulated Depreciation -66,000 -32,000 Total 597,000 555,000 Liabilities and Stockholders' Equity Accounts Payable (for purchases of inventory) 39,000 43,000 Bonds Payable 150,000 200,000 Common Stock 216,000 174,000 Retained Earnings 192,000 138,000 Total 597,000 555,000 Additional Information 1. Net income for 2022 was $93,000 2. Depreciation expense was $34,000 3. Cash dividends of $39,000 were declared and paid. 4. Bonds payable amounting to $50,000 were redeemed for cash $50,000...
HUBBARD CORPORATION Balance Sheet At December 31, 2021 Assets Buildings Land Cash Accounts receivable (net) Inventory...
HUBBARD CORPORATION Balance Sheet At December 31, 2021 Assets Buildings Land Cash Accounts receivable (net) Inventory Machinery Patent (net) Investment in equity securities Total assets Liabilities and Shareholders Equity Accounts payable Accumulated depreciation Notes payable Appreciation of inventory Common stock (authorized and issued 120,000 shares of no par stock) Retained earnings Total liabilities and shareholders equity $ 770,000 310,000 80,000 160,000 280,000 300,000 120,000 100,000 $2,120,000 $ 235,000 275,000 540,000 100,000 480,000 490,000 $ 2, 120,000 Additional information: 1. The...
The comparative unclassified Balance Sheet for Company P as follows: COMPANY P LTD. BALANCE SHEET December 31 2019 2018 Assets Cash $ 53,000 $ 22,000 Accounts receivable 80,000 76,000 Merchandise inventory 185,000 189.000 Land 70,000 100,000 Equipment 265,000 200,000 Accumulated depreciation (66,000) (32,000) Total assets $587,000 $555,000 Liabilities and Shareholders' Equity Accounts payable $ 39,000 $ 47,000 Bank loan payable 150,000 200,000 Common shares 199,000 174,000 Retained earnings 199,000 134,000 Total liabilities and shareholders' equity $587,000 $555,000 Additional information: 1....
Styles The comparative unclassified Balance Sheet for Company Q as follows: COMPANY QLTD. BALANCE SHEET December 31 2019 2018 Assets Cash $ 53,000 $ 22,000 Accounts receivable 80,000 76,000 Merchandise inventory 185,000 189,000 Land 70,000 100,000 Equipment 265,000 200,000 Accumulated depreciation (66,000) (17,000) Total assets $587,000 $555,000 Liabilities and Shareholders' Equity Accounts payable $ 39,000 $ 47,000 Bank loan payable 150,000 200,000 Common shares 199,000 174,000 Retained earnings 199,000 134,000 Total liabilities and shareholders' equity $587,000 $555,000 Additional information: 1....
The comparative unclassified Balance Sheet for Company Q as follows: COMPANY Q LTD. BALANCE SHEET December 31 2019 2018 Assets Cash $ 53,000 $ 22,000 Accounts receivable 80,000 76,000 Merchandise inventory 185,000 189,000 Land 70,000 100.000 Equipment 265,000 200,000 Accumulated depreciation (66,000) (17,000) Total assets $587,000 $555,000 Liabilities and Shareholders' Equity Accounts payable $ 39,000 $ 47,000 Bank loan payable 150,000 200,000 Common shares 199,000 174,000 Retained earnings 199,000 134,000 Total liabilities and shareholders' equity S587,000 $555,000 23 Additional information:...
yies Question #2 (25 marks) The comparative unclassified Balance Sheet for Company Q as follows: COMPANY Q LTD. BALANCE SHEET December 31 2019 2018 Assets Cash $ 53,000 $ 22,000 Accounts receivable 80,000 76,000 Merchandise inventory 185,000 189,000 Land 70,000 100,000 Equipment 265,000 200,000 Accumulated depreciation (66,000) (17,000) Total assets $587,000 $555,000 Liabilities and Shareholders' Equity Accounts payable $ 39,000 $ 47,000 Bank loan payable 150.000 200.000 Common shares 199,000 174,000 Retained earnings 199,000 134,000 Total liabilities and shareholders' equity...
MARZANO COMPANY Comparative Balance Sheets December 31 Assets 2017 Cash $ 63,000 Accounts receivable 88,000 Inventory 167,000 Land 80,000 Equipment 265,000 Accumulated depreciation-equipment (66,000) Total $597,000 Change 40,000 12.000 O, I or F Step #3 0 2016 $22,000 76,000 189,000 100,000 200,000 (32,000) $555,000 122,000) o (20, 000) I 65.000 I 34,000 0 0 Liabilities and Stockholders' Equity Accounts payable Bonds payable Common stock ($1 par) Retained earnings Total $34,000 150,000 221,000 192,000 $597,000 $43,000 (9000) 200,000 (50,000) 174,000 (47,...
Vero Company Comparative Balance Sheets December 31 Assets Cash Accounts receivable 2020 $63,000 85,000 170,000 75,000 270,000 2019 $ 22,000 76,000 189,000 100,000 200,000 Inventory Land Equipment Accumulated depreciation-equipment Total $597,000 $555,000 Liabilities and Stockholders' Equity Accounts payable $ 39,000 $ 47,000 Bonds payable Common stock ($1 par) 150,000 216,000 192.000 200,000 174,000 134.000 Retained earnings Total $597,000 $555,000 Additional information: 1. Net income for 2020 was $93.000. 2. Cash dividends of $35,000 were declared and paid. 3. Bonds payable...
MC TRAVEL INC. Balance Sheet December 31, $ Restated 2020 Restated 2019 Change ASSETS-Current assets Cash Temporary investments Accounts receivable Allowance for doubtful accounts Total current assets 7,600,000 2,006,000 5,000,000 -200,000 14,406,000 5,040,000 1,900,000 3,700,000 -100,500 10,539,500 2,560,000 106,000 1,300,000 -99,500 3,866,500 Capital assets Land Building and equipment Accumulated depreciation Total capital assets 40,250,000 40,270,000 -5,175,000 75,345,000 15,250,000 40,072,000 -3,450,000 51,872,000 25,000,000 198,000 -1,725,000 23,473,000 Total assets 89,751,000 62,411,500 27,339,500 LIABILITIES AND SHAREHOLDERS' EQUITY Accounts payable Interest payable Income taxes...
need to find the sale of equipment
Veesperna Company Balance Sheet As at December 31 2018 2017 Assets Current Assets Cash Accounts Receivable Merchandise Inventory Total Current Assets Land Equipment Less: Accumulated Depreciation $-55,000 $-69,000 Total Assets $109,915 $75,100 $47,600 $29,900 $78,600 $46,500 $236,115 $151,500 $96,000 $103,000 $106,000 $139,000 $383,115 $324,500 Liabilities and Equity Liabilities Current Liabilities Accounts Payable Taxes Payable Total Current Liabilities Bonds Payable Total Liabilities Stockholders' Equity Common Stock Retained Earnings Total Stockholders' Equity Total Liabilities and...
HUBBARD CORPORATION Balance Sheet At December 31, 2021 Assets Buildings Land Cash Accounts receivable (net) Inventory Machinery Patent (net) Investment in equity securities Total assets Liabilities and Shareholders Equity Accounts payable Accumulated depreciation Notes payable Appreciation of inventory Common stock (authorized and issued 120,000 shares of no par stock) Retained earnings Total liabilities and shareholders equity $ 770,000 310,000 80,000 160,000 280,000 300,000 120,000 100,000 $2,120,000 $ 235,000 275,000 540,000 100,000 480,000 490,000 $ 2, 120,000 Additional information: 1. The...
Most questions answered within 3 hours.
-
The labor force minus the number of employed equals the number
of unemployed.
a. True
b....
asked 6 minutes ago -
Determine the mass in units of grams [g] of 0.49 moles [mol]
of a new fictitious...
asked 28 minutes ago -
A horizontal mass of M=5kg is on a spring and stretched to
x=0.5m when released from...
asked 1 hour ago -
26 of 50
"I have worked at the Arizona Humane Society for ten years, and
have...
asked 2 hours ago -
Compare and contrast zero based budgeting and incremental (or
base year) budgeting.
asked 2 hours ago -
4 pts 10. Which of the following hypothesis would be MOST
difficult to test experimentally? Group...
asked 2 hours ago -
A business owner makes 1,000 items a day. Each day he or she
contributes eight hours...
asked 2 hours ago -
A
circular loop in the plane of a paper lies inca0.65 T magnetic
field pointing into...
asked 2 hours ago -
A business owner is trying to decide whether to buy, rent, or
lease office space and...
asked 2 hours ago -
Thermal Storage Solar heating of a house is much more efficient
if there is a way...
asked 2 hours ago -
Considering the “fits” for group and job design dimensions,
suppose you had 12 employees with different...
asked 2 hours ago -
Consider TCP connection management.
How many segments are typically involved in the TCP connection
establishment? What...
asked 3 hours ago