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21) W'Kabi Company provided the following data on December...
help me please ? thank you ? 22) The following information pertains to Malabon Company as...
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22) The following information pertains to Malabon Company as at September 30, 2022: • Note payable - bank, P3,500 • Accounts payable arising from purchase of goods, P112,500 • Dividends in arrears on preference shares, not yet declared, P25,000 • Share dividends payable, P20,000 • Income tax payable, P13,400 • Accrued liabilities, P4,200 Mortgage payable, P225,000 Customers' deposit, P8,900 Reserve for contingencies, P25,000 Based on the above date, what is the total amount...
help me please ? thank you ? 25) Nieva Company had the following liabilities on December...
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25) Nieva Company had the following liabilities on December 31, 2019: Accounts payable 500,000 Accrued expenses 50,000 Note payable - due March 31, 2020 1,000,000 Note payable - due May 1, 2020 800,000 Bonds payable - due December 31, 2021 2,000,000 Bonds payable - due December 31, 2020 (net of discount P100,000) 4,900,000 On March 1, 2020 before the 2019 financial statements were issued, the note payable of P1,000,000 was replaced by an...
help me please ? thank you ? 19) T'challa Company reported the following information on December...
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19) T'challa Company reported the following information on December 31, 2017: Accounts payable 800,000 Bonds payable, due 2018 3,000,000 Premium on bonds payable 150,000 Deferred tax liability 250,000 The deferred tax liability is not related to an asset for financial reporting purposes and is expected to reverse in 2018. What total amount should be reported as current liabilities on December 31, 2017? A 3,650,000 B. 4,200,000 C. 3,900,000 D. 3,950,000
MARNI COMPANY Balance Sheet As of December 31 ASSETS Cash 50,000 Accounts receivable 100,000 Inventory 200,000...
MARNI COMPANY Balance Sheet As of December 31 ASSETS Cash 50,000 Accounts receivable 100,000 Inventory 200,000 650,000 Net plant and equipment $1,000,000 Total assets LIABILITIES AND STOCKHOLDERS' EQUITY Accounts payable 100,000 Accrued expenses 90,000 Long-term debt Common stock 250,000 100,000 Paid-in capital 50,000 Retained earnings 410,000 $1,000,000 Total liabilities and stockholders' equity MARNI COMPANY Income Statement For the year ended December 31 Sales (all on credit) $2,000,000 1,750,000 Cost of goods sold Gross profit 250,000 Sales and administrative expenses 30,000...
Kindly solve this to help me and show working. The following pertains to Addison Corporation: 2019...
Kindly solve this to help me and show working. The following pertains to Addison Corporation: 2019 2018 Cash 55,000 20,000 Accounts Receivable 129,000 95,000 Inventory 185,000 154,000 Prepaid Expenses 4,000 1,000 Total Current Assets 373,000 270,000 Land 100,000 100,000 Equipment 571,000 420,000 Accumulated Depreciation (55,000) (20,000) 616,000 500,000 TOTAL ASSETS 989,000 770,000 Accounts Payable 183,000 131,000 Income Taxes Payable 8,000...
help me please ? thank you ? 24) On December 31, 2016, the bookkeeper of Twin...
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24) On December 31, 2016, the bookkeeper of Twin Breath Company provided the following information: Accounts payable, includes advances from customers of P250,000 650,000 Share dividends payable 200,000 Customer credit balances 110,000 Serial bonds, payable in semi-annual installments of P350,000 3,500,000 In the December 31, 2016 statement of financial position, how much should be reported as current liabilities? A. 1.710,000 B. 1,460,000 C. 1,210,000 D. 1.110,000
help me please ? thank you ? 16) Giants Company disclosed the following liability account balances...
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16) Giants Company disclosed the following liability account balances on December 31, 2017: Accounts payable 1,900,000 Bonds payable 3,400,000 Premium on bonds payable 200,000 Deferred tax liability 400,000 Dividends payable 500,000 Income tax payable 900,000 Note payable, due January 31, 2018 600,000 The deferred tax liability is based on temporary difference that will reverse in 2019. On December 31, 2017, what total amount should be reported as current liabilities? A. 7,100,000 B. 4,300,000...
help me please ? thank you ? 23) The trial balance of Beatriz Company reflected the...
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23) The trial balance of Beatriz Company reflected the following liability account balances on December 31, 2018: Accounts payable 3,800,000 Accrued expense 400,000 Unearned interest income 100,000 Bonds payable 6,800,000 Premium on bonds payable 400,000 Deferred tax liability 800,000 Dividends payable 1,000,000 Income tax payable 1,800,000 Note payable, due January 31, 2019 1,200,000 Note payable, due March 15, 2020 2,000,000 Mortgage payable 1,500,000 Total amount of current liabilities in the statement of financial...
please help i am confused Problem (30 Points - Required) 21. The comparative balance sheet of...
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Problem (30 Points - Required) 21. The comparative balance sheet of Barry Company for 2011 and the preceding year ended December 31, 2010, appears below in condensed form: Cash Accounts receivable (net) Inventories Investments Equipment Accumulated depreciation-equipment Year 2011 $ 72,000 61,000 121,000 Year 2010 $ 42,500 70,200 105,000 100,000 425,000 (175.000) S567.700 515,000 (153.000) S616.000 $ 59,750 Accounts payable Bonds payable, due 2011 Common stock, $20 par Premium on common stock Retained earnings 375,000...
Section Problem (10 points). The income statement for Williams Company forthe year ending December 31, 20XS...
Section Problem (10 points). The income statement for Williams Company forthe year ending December 31, 20XS is attached. The following additional information is also available. WILLIAMS COMPANY ADDITIONAL INFORMATION AVAILABLE FOR PREPARING STATEMENT OF CASH FLOWS FOR YEAR ENDING DECEMBER 31, 20XS (1) Paid cash dividends of $150,000 during the year (2) Accounts receivable increased $400,000 during the year. (3) Inventory increased $250,000 during the year (4) Prepaid expenses increased $200,000 during the year. (5) Purchased equipment for cash in...
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22) The following information pertains to Malabon Company as at September 30, 2022: • Note payable - bank, P3,500 • Accounts payable arising from purchase of goods, P112,500 • Dividends in arrears on preference shares, not yet declared, P25,000 • Share dividends payable, P20,000 • Income tax payable, P13,400 • Accrued liabilities, P4,200 Mortgage payable, P225,000 Customers' deposit, P8,900 Reserve for contingencies, P25,000 Based on the above date, what is the total amount...
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25) Nieva Company had the following liabilities on December 31, 2019: Accounts payable 500,000 Accrued expenses 50,000 Note payable - due March 31, 2020 1,000,000 Note payable - due May 1, 2020 800,000 Bonds payable - due December 31, 2021 2,000,000 Bonds payable - due December 31, 2020 (net of discount P100,000) 4,900,000 On March 1, 2020 before the 2019 financial statements were issued, the note payable of P1,000,000 was replaced by an...
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19) T'challa Company reported the following information on December 31, 2017: Accounts payable 800,000 Bonds payable, due 2018 3,000,000 Premium on bonds payable 150,000 Deferred tax liability 250,000 The deferred tax liability is not related to an asset for financial reporting purposes and is expected to reverse in 2018. What total amount should be reported as current liabilities on December 31, 2017? A 3,650,000 B. 4,200,000 C. 3,900,000 D. 3,950,000
MARNI COMPANY Balance Sheet As of December 31 ASSETS Cash 50,000 Accounts receivable 100,000 Inventory 200,000 650,000 Net plant and equipment $1,000,000 Total assets LIABILITIES AND STOCKHOLDERS' EQUITY Accounts payable 100,000 Accrued expenses 90,000 Long-term debt Common stock 250,000 100,000 Paid-in capital 50,000 Retained earnings 410,000 $1,000,000 Total liabilities and stockholders' equity MARNI COMPANY Income Statement For the year ended December 31 Sales (all on credit) $2,000,000 1,750,000 Cost of goods sold Gross profit 250,000 Sales and administrative expenses 30,000...
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24) On December 31, 2016, the bookkeeper of Twin Breath Company provided the following information: Accounts payable, includes advances from customers of P250,000 650,000 Share dividends payable 200,000 Customer credit balances 110,000 Serial bonds, payable in semi-annual installments of P350,000 3,500,000 In the December 31, 2016 statement of financial position, how much should be reported as current liabilities? A. 1.710,000 B. 1,460,000 C. 1,210,000 D. 1.110,000
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16) Giants Company disclosed the following liability account balances on December 31, 2017: Accounts payable 1,900,000 Bonds payable 3,400,000 Premium on bonds payable 200,000 Deferred tax liability 400,000 Dividends payable 500,000 Income tax payable 900,000 Note payable, due January 31, 2018 600,000 The deferred tax liability is based on temporary difference that will reverse in 2019. On December 31, 2017, what total amount should be reported as current liabilities? A. 7,100,000 B. 4,300,000...
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23) The trial balance of Beatriz Company reflected the following liability account balances on December 31, 2018: Accounts payable 3,800,000 Accrued expense 400,000 Unearned interest income 100,000 Bonds payable 6,800,000 Premium on bonds payable 400,000 Deferred tax liability 800,000 Dividends payable 1,000,000 Income tax payable 1,800,000 Note payable, due January 31, 2019 1,200,000 Note payable, due March 15, 2020 2,000,000 Mortgage payable 1,500,000 Total amount of current liabilities in the statement of financial...
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Problem (30 Points - Required) 21. The comparative balance sheet of Barry Company for 2011 and the preceding year ended December 31, 2010, appears below in condensed form: Cash Accounts receivable (net) Inventories Investments Equipment Accumulated depreciation-equipment Year 2011 $ 72,000 61,000 121,000 Year 2010 $ 42,500 70,200 105,000 100,000 425,000 (175.000) S567.700 515,000 (153.000) S616.000 $ 59,750 Accounts payable Bonds payable, due 2011 Common stock, $20 par Premium on common stock Retained earnings 375,000...
Section Problem (10 points). The income statement for Williams Company forthe year ending December 31, 20XS is attached. The following additional information is also available. WILLIAMS COMPANY ADDITIONAL INFORMATION AVAILABLE FOR PREPARING STATEMENT OF CASH FLOWS FOR YEAR ENDING DECEMBER 31, 20XS (1) Paid cash dividends of $150,000 during the year (2) Accounts receivable increased $400,000 during the year. (3) Inventory increased $250,000 during the year (4) Prepaid expenses increased $200,000 during the year. (5) Purchased equipment for cash in...
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