Homework Answers
| Pro forma retained earnings | = | [Addition to retained earnings x (1+ growth)] + Current retained earnings | |||||
| = | [$ 216 x (1+0.08)] + $ 1700 | ||||||
| = | $ 1,933.28 | ||||||
Answer: Option a
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The following Income Statement and Balance Sheet should be used: Creative Analysis, Inc. 2015 Income Statement...
The following Income Statement and Balance Sheet should be used: Creative Analysis, Inc. 2015 Income Statement...
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Items from the 2015 income statement, statement of retained earnings, and balance sheet of Activision Blizzard,...
Items from the 2015 income statement, statement of retained earnings, and balance sheet of Activision Blizzard, Inc., are listed below in alphabetical order. 1. Solve for the missing amounts. (Loss amounts should be indicated with a minus sign.) Activision Blizzard, Ine. Common Stock Dividends Net Income (LOSS) Retained Earnings Beginning of Year | Retaned namings, End of Year Total Assets Total Expenses. (Total Liabines Total Revenues
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Use the following information to answer this question. Bayside, Inc. 2017 Income Statement ($ in thousands) Net sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes Net income $6,920 4,390 370 $2,160 36 $2,124 743 $1,381 Bayside, Inc 2016 and 2017 Balance Sheets ($ in thousands) 2016 2017 2017 $1,615 $1,990 640 3,300 3,110 910 1,160 2016 Cash Accounts rec. Inventory Total Net fixed assets Total assets $125 $ 230 Accounts payable 1,050...
Bavarian Sausage, Inc. Bavarian Sausage, Inc. posted the following balance sheet and income statement. Cash Balance Sheet $ 50,000 Accounts Payable 125,000 Notes Payable 225,000 Long-term debt $185,000 125,000 115,000 Accounts Receivable Inventories Net Plant and Equipment 525,000 350,000 150,000 Common Stock Retained earnings Total liabilities and Stockholders' Equity Total Assets $925,000 $925,000 Income Statement Sales Cost of goods sold Depreciation $525,000 215,000 65,000 Earnings before interest and taxes 245,000 Interest expense 35,000 Net profit before taxes Taxes (@40%) 210,000...
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Items from the 2015 income statement, statement of retained earnings, and balance sheet of Activision Blizzard, Inc., are listed below in alphabetical order. 1. Solve for the missing amounts. (Loss amounts should be indicated with a minus sign.) Activision Blizzard, Ine. Common Stock Dividends Net Income (LOSS) Retained Earnings Beginning of Year | Retaned namings, End of Year Total Assets Total Expenses. (Total Liabines Total Revenues
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