Homework Answers
Solution:
$180,000
Explanation:
Pioneer's total paid in capital = common stock + additional paid in capital = $80,000 + $100,000 = $180,000
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The Pioneer Company has provided the following account balances: Cash S38,000 Short-term investments $4.000; Accounts receivable...
The Pioneer Company has provided the following account balances: Cash S38.000; Short-term investments $4.000: Accounts receivable...
The Pioneer Company has provided the following account balances: Cash S38.000; Short-term investments $4.000: Accounts receivable $48,000; Supplies S6,000: Long-term notes receivable $2,000: Equipment $96,000: Factory Building S180,000; Intangible assets $6.000; Accounts payable $30,000: Accrued expenses $4.000; Short-term notes payable S14.000; Long-term notes payable $92,000: Common stock $80.000: Additional Paid-in Capital S100,000; Retained earnings $60,000, What are Pioneer's total current liabilities? S44,000. $34,000. $48.000. S140,000
The Pioneer Company has provided the following account balances: Cash $39,400; Short-term investments $5,400; Accounts receivable...
The Pioneer Company has provided the following account balances: Cash $39,400; Short-term investments $5,400; Accounts receivable $7,400; Supplies $55,000; Long-term notes receivable $3,400; Equipment $103.000; Factory Building $194,000; Intangible assets $7,400; Accounts payable $28,600; Accrued liabilities payable $3,300; Short-term notes payable $16,800; Long-term notes payable $99,000; Common stock $194,000; Retained earnings $73,300. What is Pioneer's current ratio? 4 A company's January 1, 2019 balance sheet reported total assets of $157,000 and Total liabilities of $63,500. During January 2019, the company...
Cash Investments (short-term) Accounts receivable Inventory Notes receivable (long-term) Equipment Factory building Intangibles $20,000 Accounts payable...
Cash Investments (short-term) Accounts receivable Inventory Notes receivable (long-term) Equipment Factory building Intangibles $20,000 Accounts payable 3,200 Accrued liabilities payable 3,600 Notes payable (current) 26,000 Notes payable (noncurrent) 2,600 Common stock 50,000 Additional paid-in capital 97,000 Retained earnings 4,400 $21,000 2,600 7,300 41,000 9,500 85,500 39,900 During the current year, the company had the following summarized activities: a. Purchased short-term investments for $8,400 cash. b. Lent $5,700 to a supplier who signed a two-year note. c. Purchased equipment that cost...
Privett Company Accounts payable $ 30,000 Accounts receivable 35,000 Accrued liabilities 7,000 Cash 25,000 Intangible assets...
Privett Company Accounts payable $ 30,000 Accounts receivable 35,000 Accrued liabilities 7,000 Cash 25,000 Intangible assets 40,000 Inventory 72.000 Long-term investments 100,000 Long-term liabilities 75,000 Marketable securities 36,000 Notes payable (short-term) 20,000 Property, plant, and equipment 400,000 Prepaid expenses 2,000 Based on the data for Privett Company, what is the amount of quick assets? $168,000 $60,000 $96,000 $61,000
CULTIUNI Based on the following data, what is the amount of current assets? Accounts payable..... Accounts...
CULTIUNI Based on the following data, what is the amount of current assets? Accounts payable..... Accounts receivable... Cash Intangible assets.......... Inventory..................... Long-term investments....... Long-term liabilities... ........... Short-term investments...... Notes payable.. ....................... Property, plant, and equipment......... Prepaid insurance.... $232,000 $390,000 $252,000 O $250,000 $62,000 100,000 70,000 100,000 138,000 160,000 200,000 80,000 56,000 1,340,000 2.000 ...........
Based on the following data, what is the amount of current assets? Accounts payable……………………………………………………….. $62,000 Accounts receivable…………………………………………………….. &nb
Based on the following data, what is the amount of current assets? Accounts payable……………………………………………………….. $62,000 Accounts receivable…………………………………………………….. 100,000 Cash………………………………………………………………………. 50,000 Intangible assets………………………………………………………… 100,000 Inventory…………………………………………………………………. 138,000 Long-term investments…………………………………………………. 160,000 Long-term liabilities……………………………………………………… 200,000 Short-term investments…………………………………………………. 80,000 Notes payable……………………………………………………………. 56,000 Property, plant, and equipment…………………………………………… 1,340,000 Prepaid insurance……………………………………………………….. 2,000
Classify each of the following accounts with their balance sheet classifications Accumulated Depreciation Equipment Short-term investments...
Classify each of the following accounts with their balance sheet classifications Accumulated Depreciation Equipment Short-term investments Merchandise Inventory Land L. Dawn, Capital 1. Current Assets Salaries Payable 2. Current Liabilties Prepaid Insurance 3. Long Term Investments Accounts receivable 4. Long Term Liabilties 5. Property Plant and Equipment Patents 6. Intangible Assets Accounts receivable 4. Long Term Liabilties 5. Property Plant and Equipment Patents 6. Intangible Assets Cash 7. Owner's Equity Notes Payable (due in 2 years) Accounts payable Equipment Supplies...
Pioneer Inc. Summary Financial Statement information at/as 12/31/2018 BASE INFORMATION Cash $24,300 Short-term Investments $28,100 Accounts receivable, net $90,600 Inventory $116,800 PRepaid Expenses...
Pioneer Inc. Summary Financial Statement information at/as 12/31/2018 BASE INFORMATION Cash $24,300 Short-term Investments $28,100 Accounts receivable, net $90,600 Inventory $116,800 PRepaid Expenses $11,300 Total assets $662,700 Short-term Notes payable $50,000 Accounts payable $78,300 Accrued liabilities $32,500 Long-term Notes payable $150,000 Other long-term liabilities $41,200 Net Income $82,900 Number of Common Shares Outstanding 35,000 Evaluate each of the following as independent transactions (in other words calculate the ratios three times, once for each new bit of accounting information below. Do...
Kolander Company has the following accounts and balances at the end of the year: What is...
Kolander Company has the following accounts and balances at the
end of the year:
What is the amount of Retained Earnings at the end of the
year?
Long-Term Notes Payable Accounts Receivable Accounts Payable Building Cash and Cash Equivalents Common Stock Interest Payable Land Short-term Investments Income Taxes Payable Equipment Supplies $50,000 $28,000 $39,000 $56,000 $80,000 $123,000 $5,500 $40,000 $8,000 $14,000 $60,500 $9,000
The balance sheet for Shrubs Landscaping, Inc. includes Cash $54,000 Short-term investments $154,000 Accounts Receivable...
The balance sheet for Shrubs Landscaping, Inc. includes Cash $54,000 Short-term investments $154,000 Accounts Receivable $96,000 Inventory $360,000 Prepaid Insurance $42,000 Equipment $675,000 Accounts Payable $150,000 Unearned Revenue $100,000 Salaries Payable $15,000 Taxes Payable $5,000 Bonds Payable $750,000 Stockholder’s Equity $361,000 Calculate the acid-test (quick) ratio for Shrubs: (Round your answer to two decimal places.) 2.46 2.61 2.03 1.13
The Pioneer Company has provided the following account balances: Cash S38.000; Short-term investments $4.000: Accounts receivable $48,000; Supplies S6,000: Long-term notes receivable $2,000: Equipment $96,000: Factory Building S180,000; Intangible assets $6.000; Accounts payable $30,000: Accrued expenses $4.000; Short-term notes payable S14.000; Long-term notes payable $92,000: Common stock $80.000: Additional Paid-in Capital S100,000; Retained earnings $60,000, What are Pioneer's total current liabilities? S44,000. $34,000. $48.000. S140,000
The Pioneer Company has provided the following account balances: Cash $39,400; Short-term investments $5,400; Accounts receivable $7,400; Supplies $55,000; Long-term notes receivable $3,400; Equipment $103.000; Factory Building $194,000; Intangible assets $7,400; Accounts payable $28,600; Accrued liabilities payable $3,300; Short-term notes payable $16,800; Long-term notes payable $99,000; Common stock $194,000; Retained earnings $73,300. What is Pioneer's current ratio? 4 A company's January 1, 2019 balance sheet reported total assets of $157,000 and Total liabilities of $63,500. During January 2019, the company...
Cash Investments (short-term) Accounts receivable Inventory Notes receivable (long-term) Equipment Factory building Intangibles $20,000 Accounts payable 3,200 Accrued liabilities payable 3,600 Notes payable (current) 26,000 Notes payable (noncurrent) 2,600 Common stock 50,000 Additional paid-in capital 97,000 Retained earnings 4,400 $21,000 2,600 7,300 41,000 9,500 85,500 39,900 During the current year, the company had the following summarized activities: a. Purchased short-term investments for $8,400 cash. b. Lent $5,700 to a supplier who signed a two-year note. c. Purchased equipment that cost...
Privett Company Accounts payable $ 30,000 Accounts receivable 35,000 Accrued liabilities 7,000 Cash 25,000 Intangible assets 40,000 Inventory 72.000 Long-term investments 100,000 Long-term liabilities 75,000 Marketable securities 36,000 Notes payable (short-term) 20,000 Property, plant, and equipment 400,000 Prepaid expenses 2,000 Based on the data for Privett Company, what is the amount of quick assets? $168,000 $60,000 $96,000 $61,000
CULTIUNI Based on the following data, what is the amount of current assets? Accounts payable..... Accounts receivable... Cash Intangible assets.......... Inventory..................... Long-term investments....... Long-term liabilities... ........... Short-term investments...... Notes payable.. ....................... Property, plant, and equipment......... Prepaid insurance.... $232,000 $390,000 $252,000 O $250,000 $62,000 100,000 70,000 100,000 138,000 160,000 200,000 80,000 56,000 1,340,000 2.000 ...........
Classify each of the following accounts with their balance sheet classifications Accumulated Depreciation Equipment Short-term investments Merchandise Inventory Land L. Dawn, Capital 1. Current Assets Salaries Payable 2. Current Liabilties Prepaid Insurance 3. Long Term Investments Accounts receivable 4. Long Term Liabilties 5. Property Plant and Equipment Patents 6. Intangible Assets Accounts receivable 4. Long Term Liabilties 5. Property Plant and Equipment Patents 6. Intangible Assets Cash 7. Owner's Equity Notes Payable (due in 2 years) Accounts payable Equipment Supplies...
Kolander Company has the following accounts and balances at the
end of the year:
What is the amount of Retained Earnings at the end of the
year?
Long-Term Notes Payable Accounts Receivable Accounts Payable Building Cash and Cash Equivalents Common Stock Interest Payable Land Short-term Investments Income Taxes Payable Equipment Supplies $50,000 $28,000 $39,000 $56,000 $80,000 $123,000 $5,500 $40,000 $8,000 $14,000 $60,500 $9,000
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