Homework Answers
- The correct Answer is $652000.
Total Liabilities:-
| Accounts Payable | $81000 |
| Bonds payable | 505000 |
| Notes Payable | 66000 |
| Total Liabilities | 652000 |
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Multiple Choice Question 176 Based on the following data, what are total liabilities? Accounts payable Accounts...
based on y Question 6 Based on the following data, what are total assets? Accounts payable...
based on y
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Multiple Choice Question 95 Oriole Company gives you the following information pertaining to the year 2017....
Multiple Choice Question 95 Oriole Company gives you the following information pertaining to the year 2017. Net sales Cost of goods sold Current assets Current liabilities Average total assets Total liabilities Net income $805000 513000 529000 234000 1150000 560000 133000 The asset turnover ratio of Oriole Company is O 0.12. O 0.70. O 0.45. O 1.43. Click if you would like to Show Work for this question: Open Show Work Multiple Choice Question 96 Oriole Company gives you the following...
Multiple Choice Question 105 In Bramble Company, net income is $284800. If accounts receivable increased $140300...
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Multiple Choice Question 107 Sheffield Corporation issues 10100 shares of $50 par value preferred stock for...
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Multiple Choice Question 89 On its December 31, 2017 balance sheet, Cullumber Company appropriately reported a...
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Multiple Choice Question 181 Equipment costing $21600 is purchased by paying $5400 cash and signing a...
Multiple Choice Question 181 Equipment costing $21600 is purchased by paying $5400 cash and signing a note payable for the remainder. The Journal entry should include a debit to Cash credit to Equipment. credit to Notes Payable. credit to Notes Receivable. Click if you would like to Show Work for this question: Open Show Work
Multiple Choice Question 98 Oriole Company had 803000 shares of common stock outstanding on January 1,...
Multiple Choice Question 98 Oriole Company had 803000 shares of common stock outstanding on January 1, issued 129000 shares on May 1, purchased 66000 shares of treasury stock on September 1, and issued 60000 shares on November 1. The weighted average shares outstanding for the year is 899000 855000 921000 877000 Click if you would like to show Work for this question Open Show Work
Multiple Choice Question 93 Cullumber Company reports the following information: Net cash provided by operating activities...
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Multiple Choice Question 145 Concord Consulting started the year with total assets of $58400 and total...
Multiple Choice Question 145 Concord Consulting started the year with total assets of $58400 and total liabilities of $14700. During the year, the business recorded $4900 in consulting revenues and $30900 in expenses Concord made an additional investment of $9100 and withdrew cash of $15000 during the year. The net income reported by Concord Consulting for the year was O $18000 O $3000. $1800 O $16800 Click you would like to show Work for this question Open Show Work
based on y
Question 6 Based on the following data, what are total assets? Accounts payable Accounts receivable Cash Inventory Buildings Bonds payable Supplies Notes payable Equipment $64000 51000 89000 137000 156000 503000 10000 63000 345000 $727000 $788000 $851000 $778000
Multiple Choice Question 165 Pharoah Company had the following accounts and balances: $34100 $32000 5100 34100 Accounts payable Accounts receivable Buildings Cash Equipment Land Unearned service revenue Total stockholders' equity ? 9900 15150 ? If the balance of the Buildings account was $78500, what would be the total of liabilities and stockholders' equity? $115150 $161850 $166950 $125050 Click if you would like to Show Work for this question: Open Show Work
Multiple Choice Question 95 Oriole Company gives you the following information pertaining to the year 2017. Net sales Cost of goods sold Current assets Current liabilities Average total assets Total liabilities Net income $805000 513000 529000 234000 1150000 560000 133000 The asset turnover ratio of Oriole Company is O 0.12. O 0.70. O 0.45. O 1.43. Click if you would like to Show Work for this question: Open Show Work Multiple Choice Question 96 Oriole Company gives you the following...
Multiple Choice Question 105 In Bramble Company, net income is $284800. If accounts receivable increased $140300 and accounts payable decreased $40800, net cash provided by operating activities using the indirect method is O $185300 $465900 O $384300 O $103700 Click if you would like to Show Work for this question: Open Show Work
Multiple Choice Question 107 Sheffield Corporation issues 10100 shares of $50 par value preferred stock for cash at $75 per share. The entry to record the transaction wil consist of a debit to Cash for $757500 and a credit or credits to Preferred Stock for $505000 and Paid-in Capital in Excess of Par-Preferred Stock for $252500 Preferred Stock for $252500 and Paid-in Capital from Preferred Stock for $505000 Preferred Stock for $757500 Paid-in Capital from Preferred Stock for $757500 Click...
Multiple Choice Question 89 On its December 31, 2017 balance sheet, Cullumber Company appropriately reported a $10,000 debit balance in its Fair Value Adjustment account. There was no change during 2018 in the composition of Cumber's portfolio of debt investments held as available for sale debt securities. The following information pertains to that portfolio: Security Cost Fair value at 12/31/18 $105000 $97000 78000 79000 81000 142000 $317000 $265000 What amount of unrealized loss on these debt securities should be included...
Multiple Choice Question 181 Equipment costing $21600 is purchased by paying $5400 cash and signing a note payable for the remainder. The Journal entry should include a debit to Cash credit to Equipment. credit to Notes Payable. credit to Notes Receivable. Click if you would like to Show Work for this question: Open Show Work
Multiple Choice Question 98 Oriole Company had 803000 shares of common stock outstanding on January 1, issued 129000 shares on May 1, purchased 66000 shares of treasury stock on September 1, and issued 60000 shares on November 1. The weighted average shares outstanding for the year is 899000 855000 921000 877000 Click if you would like to show Work for this question Open Show Work
Multiple Choice Question 93 Cullumber Company reports the following information: Net cash provided by operating activities Average current liabilities Average long-term liabilities Dividends declared Capital expenditures Payments of debt $300000 140000 110000 64000 119000 35000 Cullumber's cash debt coverage is O 2.73. 2.14. 2.52. 1.20. Click if you would like to Show Work for this question: Open Show Work Multiple Choice Question 94 Oriole Company reports the following information: Net cash provided by operating activities Average current liabilities Average long-term...
Multiple Choice Question 145 Concord Consulting started the year with total assets of $58400 and total liabilities of $14700. During the year, the business recorded $4900 in consulting revenues and $30900 in expenses Concord made an additional investment of $9100 and withdrew cash of $15000 during the year. The net income reported by Concord Consulting for the year was O $18000 O $3000. $1800 O $16800 Click you would like to show Work for this question Open Show Work
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