Homework Answers
Plant property and quipment appear in balancesheet
1.Office building =700000
2.Inventory =200000
3.Equipment =450000
4.Office equipment =150000
Gross assets =1500000
Less:Accumulated Depreciation =425000
Assets after deducting deprciation =1075000
Add:Land(Location of the office building) =100000
Total PPE =1175000
Note :Land held for future use is liablity
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These are selected account balances on December 31, 2020. Land (location of the office building)...
These are selected account balances on December 31, 2014. Land: $100,000 Land (held for future use):...
These are selected account balances on December 31, 2014. Land: $100,000 Land (held for future use): $150,000 Buildings: $800,000 Inventory: $200,000 Equipment: $450,000 Furniture: $100,000 Accumulated Depreciation: $300,000 What is the amount of net property, plant, and equipment? $1,800,000 o $1,150,000 $1,300,000 $1,500,000
These are selected account balances on December 31, 2022 Land Land (not currently in use, held...
These are selected account balances on December 31, 2022 Land Land (not currently in use, held for future use) Buildings Inventory Equipment Furniture Accumulated Depreciation $150,000 225,000 1,200,000 300,000 675,000 150,000 450,000 What is the total amount of property, plant and equipment that will appear on the balance sheet? $1.950,000 $1,725.000 $2,700,000 $2,250,000
Current Attempt in Progress The following selected account balances appear on the December 31, 2020 balance...
Current Attempt in Progress The following selected account balances appear on the December 31, 2020 balance sheet of Pina Co. Land (location of the office building) Land (held for future use) Corporate Office Building Inventory Equipment Office Furniture Accumulated Depreciation $142000 227000 777000 278000 141000 223000 579000 What is the total net amount of property, plant, and equipment that will be reported on the balance sheet? O $1531000 $1304000 O $1883000 $1582000
These are selected account balances on December 31, 2022. Land Land (held for future use) Buildings...
These are selected account balances on December 31, 2022. Land Land (held for future use) Buildings Inventory Equipment Furniture Accumulated Depreciation $153000 242500 1160000 218000 671000 153000 450000 What is the total amount of property, plant, and equipment that will appear on the balance sheet? Its by Study O $2212000 $2662000 $1687000 $1929500 Click if you would like to Show Work for this question: Open Show Work
Question 7 --/1 View Policies Current Attempt in Progress These are selected account balances on December...
Question 7 --/1 View Policies Current Attempt in Progress These are selected account balances on December 31, 2017. Land Land (held for future use) Buildings Inventory Equipment Furniture Accumulated Depreciation $153500 231500 1128000 206000 663000 147000 450000 What is the total amount of property, plant, and equipment that will appear on the balance sheet? O $1641500 O $2616500 O $2166500 $1873000
Stine Corp.'s trial balance reflected the following account balances at December 31, 2020: Accounts receivable (net)...
Stine Corp.'s trial balance reflected the following account balances at December 31, 2020: Accounts receivable (net) Short-term trading securities Accumulated depreciation on equipment and furniture Cash Inventory Equipment Patent Prepaid expenses Land held for future business site $38,000 12,000 30,000 32,000 60,000 50,000 8,000 4,000 36,000 In Stine's December 31, 2020 balance sheet, the current assets total is O $146,000. $154,000. $180,000. $164,000.
Refer to the list of the accounts and balances below for the year-ended December 31, 2020....
Refer to the list of the accounts and balances below for the year-ended December 31, 2020. Accounts Payable Accounts Receivable Accumulated Depreciation - Building Building Cash Common Stock Depreciation Expense Dividends Interest Payable Land Notes Payable Supplies Supplies Expense Unearned Sales Revenue Utilities Expense Wages Expense Wages Payable $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ 56,000 33,500 95,000 450,000 125,000 750,000 45,000 15,000 5,300 550,000 250,000 90,000 14,000 64,000 6,700...
The following are the ending balances of accounts at December 31, 2021. for the Valley Pump...
The following are the ending balances of accounts at December 31, 2021. for the Valley Pump Corporation. Account Title Cash Accounts receivable Inventory Interest payable Investment in equity securities Land Buildings Accumulated depreciation-buildings Equipment Accumulated depreciation equipment Copyright (net) Prepaid expenses (next 12 months) Accounts payable Deferred revenue (next 12 months) Notes payable Allowance for uncollectible accounts Common stock Retained earnings Totals Debits Credits $ 25,000 56,000 81,000 $ 10,000 44,000 120,000 300,000 100,000 75,000 25,000 12,000 32,000 65,000 20,000...
Please show work Balance at Dec 2020 ($) Land Land Improvement Buildings Equipments Selected accounts included...
Please show work
Balance at Dec 2020 ($)
Land
Land Improvement
Buildings
Equipments
Selected accounts included in the property, plant, and equipment section of Lobo Corporation's balance sheet at December 31, 2019, had the following balances. Land Land improvements Buildings Equipment $300,000 140,000 1,100,000 960,000 During 2020, the following transactions occurred. 1. A tract of land was acquired for $150,000 as a potential future building site. 2. A plant facility consisting of land and building was acquired from Mendota Company...
300,000 The following are the ending balances of accounts at December 31, 2021, for the Valley...
300,000 The following are the ending balances of accounts at December 31, 2021, for the Valley Pump Corporation, Debits Credits Account Title Cash $ 25,000 Accounts receivable 56,000 Inventory 81,000 $ 10,000 Interest payable Investment in equity securities 44,000 Land 120,000 Buildings Accumulated depreciation-buildings 100,000 Equipment 75,000 Accumulated depreciation-equipment 25,000 Copyright (net) 12,000 Prepaid expenses (next 12 months) 32,000 Accounts payable 65,000 Deferred revenue (next 12 months) 20,000 Notes payable 250,000 Allowance for uncollectible accounts 5,000 Common stock 200,000 Ratained...
These are selected account balances on December 31, 2014. Land: $100,000 Land (held for future use): $150,000 Buildings: $800,000 Inventory: $200,000 Equipment: $450,000 Furniture: $100,000 Accumulated Depreciation: $300,000 What is the amount of net property, plant, and equipment? $1,800,000 o $1,150,000 $1,300,000 $1,500,000
These are selected account balances on December 31, 2022 Land Land (not currently in use, held for future use) Buildings Inventory Equipment Furniture Accumulated Depreciation $150,000 225,000 1,200,000 300,000 675,000 150,000 450,000 What is the total amount of property, plant and equipment that will appear on the balance sheet? $1.950,000 $1,725.000 $2,700,000 $2,250,000
Current Attempt in Progress The following selected account balances appear on the December 31, 2020 balance sheet of Pina Co. Land (location of the office building) Land (held for future use) Corporate Office Building Inventory Equipment Office Furniture Accumulated Depreciation $142000 227000 777000 278000 141000 223000 579000 What is the total net amount of property, plant, and equipment that will be reported on the balance sheet? O $1531000 $1304000 O $1883000 $1582000
These are selected account balances on December 31, 2022. Land Land (held for future use) Buildings Inventory Equipment Furniture Accumulated Depreciation $153000 242500 1160000 218000 671000 153000 450000 What is the total amount of property, plant, and equipment that will appear on the balance sheet? Its by Study O $2212000 $2662000 $1687000 $1929500 Click if you would like to Show Work for this question: Open Show Work
Question 7 --/1 View Policies Current Attempt in Progress These are selected account balances on December 31, 2017. Land Land (held for future use) Buildings Inventory Equipment Furniture Accumulated Depreciation $153500 231500 1128000 206000 663000 147000 450000 What is the total amount of property, plant, and equipment that will appear on the balance sheet? O $1641500 O $2616500 O $2166500 $1873000
Stine Corp.'s trial balance reflected the following account balances at December 31, 2020: Accounts receivable (net) Short-term trading securities Accumulated depreciation on equipment and furniture Cash Inventory Equipment Patent Prepaid expenses Land held for future business site $38,000 12,000 30,000 32,000 60,000 50,000 8,000 4,000 36,000 In Stine's December 31, 2020 balance sheet, the current assets total is O $146,000. $154,000. $180,000. $164,000.
Refer to the list of the accounts and balances below for the year-ended December 31, 2020. Accounts Payable Accounts Receivable Accumulated Depreciation - Building Building Cash Common Stock Depreciation Expense Dividends Interest Payable Land Notes Payable Supplies Supplies Expense Unearned Sales Revenue Utilities Expense Wages Expense Wages Payable $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ 56,000 33,500 95,000 450,000 125,000 750,000 45,000 15,000 5,300 550,000 250,000 90,000 14,000 64,000 6,700...
The following are the ending balances of accounts at December 31, 2021. for the Valley Pump Corporation. Account Title Cash Accounts receivable Inventory Interest payable Investment in equity securities Land Buildings Accumulated depreciation-buildings Equipment Accumulated depreciation equipment Copyright (net) Prepaid expenses (next 12 months) Accounts payable Deferred revenue (next 12 months) Notes payable Allowance for uncollectible accounts Common stock Retained earnings Totals Debits Credits $ 25,000 56,000 81,000 $ 10,000 44,000 120,000 300,000 100,000 75,000 25,000 12,000 32,000 65,000 20,000...
Please show work
Balance at Dec 2020 ($)
Land
Land Improvement
Buildings
Equipments
Selected accounts included in the property, plant, and equipment section of Lobo Corporation's balance sheet at December 31, 2019, had the following balances. Land Land improvements Buildings Equipment $300,000 140,000 1,100,000 960,000 During 2020, the following transactions occurred. 1. A tract of land was acquired for $150,000 as a potential future building site. 2. A plant facility consisting of land and building was acquired from Mendota Company...
300,000 The following are the ending balances of accounts at December 31, 2021, for the Valley Pump Corporation, Debits Credits Account Title Cash $ 25,000 Accounts receivable 56,000 Inventory 81,000 $ 10,000 Interest payable Investment in equity securities 44,000 Land 120,000 Buildings Accumulated depreciation-buildings 100,000 Equipment 75,000 Accumulated depreciation-equipment 25,000 Copyright (net) 12,000 Prepaid expenses (next 12 months) 32,000 Accounts payable 65,000 Deferred revenue (next 12 months) 20,000 Notes payable 250,000 Allowance for uncollectible accounts 5,000 Common stock 200,000 Ratained...
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