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KISHWAUKEE CORPORATION BALANCE SHEET DECEMBER 31, 2012 Assets Goodwill (Note 2) Buildings (Note 1) Inventory Land...
Presented below is the balance sheet of Blue Corporation as of December 31, 2017. BLUE CORPORATION BALANCE SHEET DECEMBER 31, 2017 Assets Goodwill (Note 2) $ 122,580 Buildings (Note 1)...
Presented below is the balance sheet of Blue Corporation as of December 31, 2017. BLUE CORPORATION BALANCE SHEET DECEMBER 31, 2017 Assets Goodwill (Note 2) $ 122,580 Buildings (Note 1) 1,640,000 Inventory 314,680 Land 950,000 Accounts receivable 172,580 Treasury stock (50,000 shares) 89,580 Cash on hand 178,480 Assets allocated to trustee for plant expansion Cash in bank 72,580 Debt investments (held-to-maturity) 140,580 $3,681,060 Equities Notes payable (Note 3) $ 602,580 Common stock, authorized and issued, 1,000,000 shares, no par 1,152,580...
Problem 5-4 Presented below is the balance sheet of Bramble Corporation as of December 31, 2017....
Problem 5-4 Presented below is the balance sheet of Bramble Corporation as of December 31, 2017. BRAMBLE CORPORATION BALANCE SHEET DECEMBER 31, 2017 Assets Goodwill (Note 2) Buildings (Note 1) Inventory Land Accounts receivable Treasury stock (50,000 shares) Cash on hand Assets allocated to trustee for plant expansion Cash in bank Debt investments (held-to-maturity) $ 123,840 1,640,000 315,940 950,000 173,840 90,840 179,740 73,840 141,840 $3,689,880 Equities Notes payable (Note 3) Common stock, authorized and issued, 1,000,000 shares, no par Retained...
HUBBARD CORPORATION Balance Sheet At December 31, 2021 Assets Buildings Land Cash Accounts receivable (net) Inventory...
HUBBARD CORPORATION Balance Sheet At December 31, 2021 Assets Buildings Land Cash Accounts receivable (net) Inventory Machinery Patent (net) Investment in equity securities Total assets Liabilities and Shareholders Equity Accounts payable Accumulated depreciation Notes payable Appreciation of inventory Common stock (authorized and issued 120,000 shares of no par stock) Retained earnings Total liabilities and shareholders equity $ 770,000 310,000 80,000 160,000 280,000 300,000 120,000 100,000 $2,120,000 $ 235,000 275,000 540,000 100,000 480,000 490,000 $ 2, 120,000 Additional information: 1. The...
Presented below is balance sheet information regarding Sargent Corporation as of December 31, 2020. Current assets:...
Presented below is balance sheet information regarding Sargent Corporation as of December 31, 2020. Current assets: cash and cash equivalents, $150,000; accounts receivable, $170,000; allowance for doubtful accounts, $10,000; inventories, $200,000 cost, $180,000, net realizable value. Fixed assets: buildings, $1,040,000 less $360,000 accumulated depreciation; equipment, $450,000 less $180,000 accumulated depreciation; land $500,000; land held for future use, $270,000. Current liabilities: accounts payable, $150,000; notes payable, $80,000; income taxes payable, $40,000; unearned rent revenue, $5,000. Other liabilities: long-term notes payable issued...
Problem 5-4 a The statement of financial position of Culver Corporation as at December 31, 2020,...
Problem 5-4 a The statement of financial position of Culver Corporation as at December 31, 2020, is as follows: CULVER CORPORATION Statement of Financial Position December 31, 2020 Assets Goodwill (Note 1) $52,500 Buildings (Note 2) 1,230,000 Inventory 234,075 Investments—trading (Note 3) 75,000 Land 712,500 Accounts receivable 127,500 Investments in shares (FV-OCI) (Note 4) 65,250 Cash 131,925 Assets allocated to trustee for plant expansion Cash 90,000 Treasury notes, at cost and fair value 103,500 $2,822,250 Equities Notes payable (Note 4)...
3 Current assets Investments Property, plant, and equipment Intangible assets SARGENT CORPORATION BALANCE SHEET DECEMBER 31,...
3 Current assets Investments Property, plant, and equipment Intangible assets SARGENT CORPORATION BALANCE SHEET DECEMBER 31, 2012 $ 485,000 Current liabilities 640,000 Long-term liabilities 1,720,000 Stockholders' equity 305,000 $3,150,000 $ 380,000 1,000,000 1,770,000 $3,150.000 The following information is presented. 1. The current assets section includes: cash $150,000, accounts receivable $170,000 less $10,000 for allowance for doubtful accounts, inventories $180,000, and unearned revenue $5,000. Inventories are stated on the lower-of-FIFO-cost-or-market. 2. The investments section includes: the cash surrender value of a...
The folowing balance sheet for the Hubberd Corporation was prepared by the company Balance Sheet Assets...
The folowing balance sheet for the Hubberd Corporation was prepared by the company Balance Sheet Assets Buildings Land Cash Accounts receivable (net) Inventories Machinery Patent (net) Investment in narketable equity securities $ 762,800 286,600 72,808 144,808 264,808 292,800 112,80e 84,900 $2,016,808 Total assets Liabilities and Shareholders Equity Accounts payable Accumulated depreciation Notes payable Appreciation of inventories Common stock, authorized and issued s 227,808 267,800 524,000 92,880 448,000 458,000 112,008 shares of no par stock Retained earnings Total liabilities and shareholders...
The following balance sheet for the Hubbard Corporation was prepared by the company HUBBARD CORPORATION Balance...
The following balance sheet for the Hubbard Corporation was prepared by the company HUBBARD CORPORATION Balance Sheet At December 31, 2021 Assets Buildings Land $ 754,00 262,000 64,000 120,000 248, 284,000 104,000 65,000 $1,912,000 Accounts receivable (net) Inventory Machinery Patent (net) Investment in equity securities Total assets Liabilities and Shareholders' Equity Accounts payable Accumulated depreciation Notes payable Appreciation of Inventory Common stock (authorized and issued 104,000 shares of no par stock) Retained earnings Total liabilities and shareholders' equity 219.000 259,000...
The December 31, 2012, post-closing trial balance for Strong Corporation is presented below: Credits Debits $...
The December 31, 2012, post-closing trial balance for Strong Corporation is presented below: Credits Debits $ 22.500 55.000 22,500 4,500 100,000 45,000 277,500 Cash Investments Accounts Receivable Prepaid Insurance Supplies Land Buildings Accumulated Depreciation Accounts Payable Notes Payable, due 2013 Interest Payable Notes Payable, due 2025 Common Stock Retained Earnings Totals 80.000 37,500 65.000 10.000 120,000 150,000 64,500 $527.000 $527.000 Prepare a classified balance sheet for Strong Corporation at December 31, 2012.
The following balance sheet for the Hubbard Corporation was prepared by the company: HUBBARD CORPORATION Balance...
The following balance sheet for the Hubbard Corporation was prepared by the company: HUBBARD CORPORATION Balance Sheet At December 31, 2018 Assets Buildings Land Cash Accounts receivable (net) Inventories Machinery Patent (net) Investment in marketable equity securities Total assets Liabilities and Shareholders' Equity Accounts payable Accumulated depreciation Notes payable Appreciation of inventories Common stock, authorized and issued 118,000 shares of no par stock Retained earnings Total liabilities and shareholders' equity $ 768,000 304,000 78,000 156,000 276,000 298,000 118,000 96,000 $2,094,000...
Problem 5-4 Presented below is the balance sheet of Bramble Corporation as of December 31, 2017. BRAMBLE CORPORATION BALANCE SHEET DECEMBER 31, 2017 Assets Goodwill (Note 2) Buildings (Note 1) Inventory Land Accounts receivable Treasury stock (50,000 shares) Cash on hand Assets allocated to trustee for plant expansion Cash in bank Debt investments (held-to-maturity) $ 123,840 1,640,000 315,940 950,000 173,840 90,840 179,740 73,840 141,840 $3,689,880 Equities Notes payable (Note 3) Common stock, authorized and issued, 1,000,000 shares, no par Retained...
HUBBARD CORPORATION Balance Sheet At December 31, 2021 Assets Buildings Land Cash Accounts receivable (net) Inventory Machinery Patent (net) Investment in equity securities Total assets Liabilities and Shareholders Equity Accounts payable Accumulated depreciation Notes payable Appreciation of inventory Common stock (authorized and issued 120,000 shares of no par stock) Retained earnings Total liabilities and shareholders equity $ 770,000 310,000 80,000 160,000 280,000 300,000 120,000 100,000 $2,120,000 $ 235,000 275,000 540,000 100,000 480,000 490,000 $ 2, 120,000 Additional information: 1. The...
3 Current assets Investments Property, plant, and equipment Intangible assets SARGENT CORPORATION BALANCE SHEET DECEMBER 31, 2012 $ 485,000 Current liabilities 640,000 Long-term liabilities 1,720,000 Stockholders' equity 305,000 $3,150,000 $ 380,000 1,000,000 1,770,000 $3,150.000 The following information is presented. 1. The current assets section includes: cash $150,000, accounts receivable $170,000 less $10,000 for allowance for doubtful accounts, inventories $180,000, and unearned revenue $5,000. Inventories are stated on the lower-of-FIFO-cost-or-market. 2. The investments section includes: the cash surrender value of a...
The folowing balance sheet for the Hubberd Corporation was prepared by the company Balance Sheet Assets Buildings Land Cash Accounts receivable (net) Inventories Machinery Patent (net) Investment in narketable equity securities $ 762,800 286,600 72,808 144,808 264,808 292,800 112,80e 84,900 $2,016,808 Total assets Liabilities and Shareholders Equity Accounts payable Accumulated depreciation Notes payable Appreciation of inventories Common stock, authorized and issued s 227,808 267,800 524,000 92,880 448,000 458,000 112,008 shares of no par stock Retained earnings Total liabilities and shareholders...
The following balance sheet for the Hubbard Corporation was prepared by the company HUBBARD CORPORATION Balance Sheet At December 31, 2021 Assets Buildings Land $ 754,00 262,000 64,000 120,000 248, 284,000 104,000 65,000 $1,912,000 Accounts receivable (net) Inventory Machinery Patent (net) Investment in equity securities Total assets Liabilities and Shareholders' Equity Accounts payable Accumulated depreciation Notes payable Appreciation of Inventory Common stock (authorized and issued 104,000 shares of no par stock) Retained earnings Total liabilities and shareholders' equity 219.000 259,000...
The December 31, 2012, post-closing trial balance for Strong Corporation is presented below: Credits Debits $ 22.500 55.000 22,500 4,500 100,000 45,000 277,500 Cash Investments Accounts Receivable Prepaid Insurance Supplies Land Buildings Accumulated Depreciation Accounts Payable Notes Payable, due 2013 Interest Payable Notes Payable, due 2025 Common Stock Retained Earnings Totals 80.000 37,500 65.000 10.000 120,000 150,000 64,500 $527.000 $527.000 Prepare a classified balance sheet for Strong Corporation at December 31, 2012.
The following balance sheet for the Hubbard Corporation was prepared by the company: HUBBARD CORPORATION Balance Sheet At December 31, 2018 Assets Buildings Land Cash Accounts receivable (net) Inventories Machinery Patent (net) Investment in marketable equity securities Total assets Liabilities and Shareholders' Equity Accounts payable Accumulated depreciation Notes payable Appreciation of inventories Common stock, authorized and issued 118,000 shares of no par stock Retained earnings Total liabilities and shareholders' equity $ 768,000 304,000 78,000 156,000 276,000 298,000 118,000 96,000 $2,094,000...
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