Which of these is NOT reported on Form 1120S, Schedule L, Balance Sheets per Books? Depletable...
Which of these is NOT reported on Form 1120S, Schedule L, Balance Sheets per Books? Depletable assets. Collectibles. Inventories. Mortgages, notes, and bonds payable in less than one year
Homework Answers
Collectibles
The following are reported on Form 1120S, Schedule L, Balance Sheets per Books:
- Depletable Assets - on Assets side
- Inventories - on Assets side
- Mortgages, Notes & Bonds Payable - on Liabilities side
Therefore, collectibles are not reported on Form 1120S, Schedule L, Balance Sheets per Books.
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Which of these is NOT reported on Form 1120S, Schedule L,
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Simon Company's year end balance sheets follows. 1. Express the
balance sheets in common size percent's. Round percent's to one
decimal. 2. Assuming annual sales have not changed in the last
three years, is the change in accounts receivable as a percentage
of total assets favorable or unfavorable? 3. Is the change in
merchandise inventory as a percentage of total assets favorable or
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Question 17 of 75 Where are the beginning and ending balance sheets of the corporation reported? O Form 1120, Schedule B. O Form 1120, Schedule C. O Form 1120, Schedule K. O Form 1120, Schedule L. Mark for follow up « Back Save / Return Later Summary Next »
Simon Company's year end balance sheets follows. 1. Express the
balance sheets in common size percent's. Round percent's to one
decimal. 2. Assuming annual sales have not changed in the last
three years, is the change in accounts receivable as a percentage
of total assets favorable or unfavorable? 3. Is the change in
merchandise inventory as a percentage of total assets favorable or
unfavorable?
Simon Company's year-end balance sheets follow 2016 $ 37.00 At December 31 Assets Cash Accounts receivable,...
exercise 13-6 ammon-size percents Simon Company's year-end balance sheets follow. (1) Express the balance sheets in common-size per- cents. Round percents to one decimal. (2) Assuming annual sales have not changed in the last three years, is the change in accounts receivable as a percentage of total assets favorable or unfavorable? (3) Is the change in merchandise inventory as a percentage of total assets favorable or unfavorable? Chapter 13 Analysis of Financial Statements Current Yr 1 Yr Ago 2 Yrs...
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Exercise 13-6 Common-size percents LO P2 Simon Company’s
year-end balance sheets follow. Express the balance sheets in
common- size percents . Do not round intermediate calculations and
round your final percentage answers to 1 decimal place.)
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