Homework Answers
| Cash flows from Operating activities | ||||||
| Net income (7160+9900-4600) | 12460 | |||||
| Adjustment required | ||||||
| Loss on sale of equipment | 3100 | |||||
| Depreciation (18040+6900-8000) | 16940 | |||||
| Increase in Accounts receivable | -10000 | |||||
| Increase in Inventory | -19400 | |||||
| Decrease in Prepaid expense | 10000 | |||||
| Increase in Accounts payable | 12200 | |||||
| Decrease in Accrued expense | -3000 | |||||
| Net cash provided from Operating activities | 22300 | |||||
| Cashflows from Investing activities | ||||||
| Sale of equipment | 2900 | |||||
| Purchase of equipment | -27500 | |||||
| Net cash used in Investing activities | -24600 | |||||
| Cashflows from Financing activities | ||||||
| Dividend paid | -9900 | |||||
| Repayment of Notes payable | -23200 | |||||
| Issuance of Bonds payable | 30300 | |||||
| Net cash used in Financing activities | -2800 | |||||
| Final answer | ||||||
| Net cash | Provided | by Operating activities | 22300 | |||
| Net cash | Used | by Investing activities | -24600 | |||
| Net cash | USed | by Financing activities | -2800 | |||
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Cash Accounts receivable (net) Inventory Prepaid expenses Equipment Accumulated depreciation-equipment Land 2020 $29.700 55,000 64,500 14.900...
please help on all 3 Cash $29,800 55,100 $34,800 Accounts receivable (net) 44,800 Inventory 65,400 45,100...
please
help on all 3
Cash $29,800 55,100 $34,800 Accounts receivable (net) 44,800 Inventory 65,400 45,100 Prepaid expenses Equipment Accumulated depreciation-equipment 15,200 25,100 89,200 74,200 (7,900) 40,400 $256,500 (17,840) Land 70,700 $307,560 $65,500 15,100 Accounts payable $52,000 Accrued expenses 18,100 Notes payable-bank, long-term Bonds payable Common stock, $10 par -0- 23,100 30,000 -0- 188,100 157,800 Retained earnings 8,860 5,500 $256,500 $307,560 Land was acquired for $30,300 in exchange for common stock, par $30,300, during the year; all equipment purchased was...
Please help me out! If you can give answers as well as the explanation, that would...
Please help me out! If you can give answers
as well as the explanation, that would be much appreciated!!
The balance sheet data of Bramble Company at the end of 2020 and 2019 are shown below. 2020 2019 Cash Accounts receivable (net) Inventory Prepaid expenses Equipment Accumulated depreciation-equipment Land $29,700 55.000 64,500 14,900 90,200 (18,040) 69,800 $306,060 $34,800 45,000 45,100 24,900 75,600 (8,000) 40,100 $257,500 $64,700 14,800 -0- Accounts payable Accrued expenses Notes payable-bank, long-term Bonds payable Common stock, $10...
Assets Cash Accounts receivable Inventory Prepaid expenses Plant and equipment, net of depreciation $ 4,600 10,750...
Assets Cash Accounts receivable Inventory Prepaid expenses Plant and equipment, net of depreciation $ 4,600 10,750 14,300 1,100 19,000 12,900 $62,650 Land Total assets Liabilities and Stockholders' Equity Accounts payable Salaries payable Bonds payable (Due in ten years) Common stock, no par Retained earnings Total liabilities and stockholders' equity $ 2,490 8,730 9,500 19,000 22,930 $62,650 What is the company's quick (acid-test) ratio? (Round your answer to 2 decimal places.)
Assets Cash Accounts receivable Inventory Land Equipment Accumulated Depreciation-Equipment Total Liabilities and Stockholders' Equity Accounts payable...
Assets Cash Accounts receivable Inventory Land Equipment Accumulated Depreciation-Equipment Total Liabilities and Stockholders' Equity Accounts payable Bonds payable Common stock ($1 par) Retained earnings Total December 31 2020 2019 $ 72,730 $ 22,000 84,480 68,750 182,480 191,750 73,480 112,750 262,480 202,750 (71,480) (44,750) $604,170 $553,250 $36,480 150,000 214,000 203,690 $604,170 $ 49,750 200,000 164,000 139,500 $553,250 Additional information: 1. Net income for 2020 was $129,960. No gains or losses were recorded in 2020. Cash dividends of $65,770 were declared and...
Assets Cash Accounts receivable (net) Inventories Investments Land Equipment Accumulated depreciation-equipment $244,930$229,680 82,490 244,240 94,620 88,730 250,480 128,470 215,930 700)(58,230) $924...
Assets Cash Accounts receivable (net) Inventories Investments Land Equipment Accumulated depreciation-equipment $244,930$229,680 82,490 244,240 94,620 88,730 250,480 128,470 215,930 700)(58,230) $924,260 $808,730 276,350 Total assets Liabilities and Stockholders' Equity Accounts payable Accrued expenses payable Dividends payable Common stock, $10 par Paid-in capital: Excess of issue price over par-common stock Retained earnings $167,290 $159,320 21,030 7,280 39,630 109,990 471,480 $924,260 $808,730 16,640 9,240 49,910 187,620 493,560 Total liabilities and stockholders' equity Additional data obtained from an examination of the accounts in...
Cash Accounts receivable (net) Inventory Prepaid expenses Equipment Accumulated depreciation Accounts payable Wages payable Income taxes...
Cash Accounts receivable (net) Inventory Prepaid expenses Equipment Accumulated depreciation Accounts payable Wages payable Income taxes payable Notes payable (long-term) Common shares Retained earnings June 30 2020 2019 $ 92,160 $ 47,000 102,000 75,600 80,220 116,220 6,540 6,300 162,000 150,000 34,800 18,000 32,400 39,600 9,600 20,400 2,940 4,380 54,000 90,000 282,000 222,000 27,180 740 $792,000 480,000 $312,000 Western Environmental Inc. Income Statement For Year Ended June 30, 2020 Sales Cost of goods sold Gross profit Operating expenses: Depreciation expense $...
Inventory-Ending Land Land for Future Plant Site Accounts Receivable Accumulated Depreciation-Buildings Accumulated Depreciation-Equipment Accumulated Other Comprehensive...
Inventory-Ending Land Land for Future Plant Site Accounts Receivable Accumulated Depreciation-Buildings Accumulated Depreciation-Equipment Accumulated Other Comprehensive Income Advances to Employees Advertising Expense Allowance for Doubtful Accounts Bond Sinking Fund Bonds Payable Buildings Cash (in bank) Cash (on hand) Cash Surrender Value of Life Insurance Commission Expense Common Stock Copyrights Debt Investments (trading) Dividends Payable Equipment Freight-In Gain on Disposal of Equipment Interest Receivable Inventory-Beginning Loss from Flood Noncontrolling Interest Notes Payable (due next year) Paid-in Capital in Excess of Par-Preferred...
The balance sheet data of Pronghorn Company at the end of 2020 and 2019 are shown...
The balance sheet data of Pronghorn Company at the end of 2020 and 2019 are shown below. 2020 2019 Cash $29,800 $35,200 Accounts receivable (net) 55,300 45,200 Inventory 65,200 45,500 Prepaid expenses 15,000 25,200 Equipment 89,900 74,600 Accumulated depreciation—equipment (17,980 ) (7,900 ) Land 70,600 40,300 $307,820 $258,100 Accounts payable $65,500 $52,100 Accrued expenses 15,000 17,900 Notes payable—bank, long-term –0– 23,100 Bonds payable 30,300 –0– Common stock, $10 par 188,000 157,700 Retained earnings 9,020 7,300 $307,820 $258,100 Land was acquired...
Accounts Payable Accounts Receivable Accrued Liabilities Accumulated Depreciation-Building Accumulated Depreciation-Equipment Advances to Employees Allowance for Doubtful...
Accounts Payable
Accounts Receivable
Accrued Liabilities
Accumulated Depreciation-Building
Accumulated Depreciation-Equipment
Advances to Employees
Allowance for Doubtful Accounts
Bonds Payable
Bond Sinking Fund
Buildings
Cash
Cash Surrender Value of Life Insurance
Common Stock
Construction in Process
Copyrights
Debt Investments
Dividends Payable
Discount on Bonds Payable
Equipment
Equity Investments
Finished Goods
Franchises
Goodwill
Income Tax Payable
Income Tax Receivable
Interest Payable
Interest Receivable
Inventory
Investments in Common Stock
Investments in Stocks and Bonds
Land
Notes Payable
Notes Receivable
Noncontrolling Interest
Paid-in Capital...
Ivanhoe Company Comparative Balance Sheets December 31 Assets 2017 2016 Cash Accounts receivable Inventory Land Equipment...
Ivanhoe Company Comparative Balance Sheets December 31 Assets 2017 2016 Cash Accounts receivable Inventory Land Equipment Accumulated depreciation equipment Total Liabilities and Stockholders' Equity $ 156,536 202,576 384,434 184,160 598,520 (151,932) $1,374,294 $ 50,644 174,952 435,078 230,200 460,400 (73,664) $1,277,610 Accounts payable Bonds payable Common stock ($1 par) Retained earnings Total $ 89,778 345,300 497,232 441,984 $1,374,294 $ 98,986 460,400 400,548 317,676 $1,277,610 Additional information: 1. Net income for 2017 was $214,086. 2. Depreciation expense was $78,268. 3. Cash dividends...
please
help on all 3
Cash $29,800 55,100 $34,800 Accounts receivable (net) 44,800 Inventory 65,400 45,100 Prepaid expenses Equipment Accumulated depreciation-equipment 15,200 25,100 89,200 74,200 (7,900) 40,400 $256,500 (17,840) Land 70,700 $307,560 $65,500 15,100 Accounts payable $52,000 Accrued expenses 18,100 Notes payable-bank, long-term Bonds payable Common stock, $10 par -0- 23,100 30,000 -0- 188,100 157,800 Retained earnings 8,860 5,500 $256,500 $307,560 Land was acquired for $30,300 in exchange for common stock, par $30,300, during the year; all equipment purchased was...
Please help me out! If you can give answers
as well as the explanation, that would be much appreciated!!
The balance sheet data of Bramble Company at the end of 2020 and 2019 are shown below. 2020 2019 Cash Accounts receivable (net) Inventory Prepaid expenses Equipment Accumulated depreciation-equipment Land $29,700 55.000 64,500 14,900 90,200 (18,040) 69,800 $306,060 $34,800 45,000 45,100 24,900 75,600 (8,000) 40,100 $257,500 $64,700 14,800 -0- Accounts payable Accrued expenses Notes payable-bank, long-term Bonds payable Common stock, $10...
Assets Cash Accounts receivable Inventory Prepaid expenses Plant and equipment, net of depreciation $ 4,600 10,750 14,300 1,100 19,000 12,900 $62,650 Land Total assets Liabilities and Stockholders' Equity Accounts payable Salaries payable Bonds payable (Due in ten years) Common stock, no par Retained earnings Total liabilities and stockholders' equity $ 2,490 8,730 9,500 19,000 22,930 $62,650 What is the company's quick (acid-test) ratio? (Round your answer to 2 decimal places.)
Assets Cash Accounts receivable Inventory Land Equipment Accumulated Depreciation-Equipment Total Liabilities and Stockholders' Equity Accounts payable Bonds payable Common stock ($1 par) Retained earnings Total December 31 2020 2019 $ 72,730 $ 22,000 84,480 68,750 182,480 191,750 73,480 112,750 262,480 202,750 (71,480) (44,750) $604,170 $553,250 $36,480 150,000 214,000 203,690 $604,170 $ 49,750 200,000 164,000 139,500 $553,250 Additional information: 1. Net income for 2020 was $129,960. No gains or losses were recorded in 2020. Cash dividends of $65,770 were declared and...
Assets Cash Accounts receivable (net) Inventories Investments Land Equipment Accumulated depreciation-equipment $244,930$229,680 82,490 244,240 94,620 88,730 250,480 128,470 215,930 700)(58,230) $924,260 $808,730 276,350 Total assets Liabilities and Stockholders' Equity Accounts payable Accrued expenses payable Dividends payable Common stock, $10 par Paid-in capital: Excess of issue price over par-common stock Retained earnings $167,290 $159,320 21,030 7,280 39,630 109,990 471,480 $924,260 $808,730 16,640 9,240 49,910 187,620 493,560 Total liabilities and stockholders' equity Additional data obtained from an examination of the accounts in...
Cash Accounts receivable (net) Inventory Prepaid expenses Equipment Accumulated depreciation Accounts payable Wages payable Income taxes payable Notes payable (long-term) Common shares Retained earnings June 30 2020 2019 $ 92,160 $ 47,000 102,000 75,600 80,220 116,220 6,540 6,300 162,000 150,000 34,800 18,000 32,400 39,600 9,600 20,400 2,940 4,380 54,000 90,000 282,000 222,000 27,180 740 $792,000 480,000 $312,000 Western Environmental Inc. Income Statement For Year Ended June 30, 2020 Sales Cost of goods sold Gross profit Operating expenses: Depreciation expense $...
Inventory-Ending Land Land for Future Plant Site Accounts Receivable Accumulated Depreciation-Buildings Accumulated Depreciation-Equipment Accumulated Other Comprehensive Income Advances to Employees Advertising Expense Allowance for Doubtful Accounts Bond Sinking Fund Bonds Payable Buildings Cash (in bank) Cash (on hand) Cash Surrender Value of Life Insurance Commission Expense Common Stock Copyrights Debt Investments (trading) Dividends Payable Equipment Freight-In Gain on Disposal of Equipment Interest Receivable Inventory-Beginning Loss from Flood Noncontrolling Interest Notes Payable (due next year) Paid-in Capital in Excess of Par-Preferred...
Accounts Payable
Accounts Receivable
Accrued Liabilities
Accumulated Depreciation-Building
Accumulated Depreciation-Equipment
Advances to Employees
Allowance for Doubtful Accounts
Bonds Payable
Bond Sinking Fund
Buildings
Cash
Cash Surrender Value of Life Insurance
Common Stock
Construction in Process
Copyrights
Debt Investments
Dividends Payable
Discount on Bonds Payable
Equipment
Equity Investments
Finished Goods
Franchises
Goodwill
Income Tax Payable
Income Tax Receivable
Interest Payable
Interest Receivable
Inventory
Investments in Common Stock
Investments in Stocks and Bonds
Land
Notes Payable
Notes Receivable
Noncontrolling Interest
Paid-in Capital...
Ivanhoe Company Comparative Balance Sheets December 31 Assets 2017 2016 Cash Accounts receivable Inventory Land Equipment Accumulated depreciation equipment Total Liabilities and Stockholders' Equity $ 156,536 202,576 384,434 184,160 598,520 (151,932) $1,374,294 $ 50,644 174,952 435,078 230,200 460,400 (73,664) $1,277,610 Accounts payable Bonds payable Common stock ($1 par) Retained earnings Total $ 89,778 345,300 497,232 441,984 $1,374,294 $ 98,986 460,400 400,548 317,676 $1,277,610 Additional information: 1. Net income for 2017 was $214,086. 2. Depreciation expense was $78,268. 3. Cash dividends...
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