Homework Answers
Question 9:
Which Financial statement is dated at the moment in time when the accounting period ends
Answer 9:
Balance Sheet
Since balance sheet is prepared as on date.
Question 10:
On January 1, 2017, total assets for wininger technologies were $ 135000, on december31, 2017 total assets were $ 160000. On January 1, 2017, total Liabilities were $ 113000. On December 31, 2017, Total Liabilities were $ 117000 what is the amount of the change and the direction of the change in Wininger Technologies stockholders equity for 2017.
Answer 10:
Increase of 21000$
Equity as on 1st January 2017 = 135000$ - 113000$ = 22,000$
Equity as on 31st December 2017 = 160000$ - 117000$ = 43,000$
Change in Equity = 43000$ - 22000$ = 21,000$
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TELE 2. Амьсгалаасар Аавьс Аавьсас Аав хоньсet Дальсе досео TNTN Heading Heng 2 Painter B7 HA...
please help! 19. Аавьсet Аавьсet Аавьс. Аавьсас Аав Normal 1 No Spac. Heading! Heading 2 Tele...
please help!
19. Аавьсet Аавьсet Аавьс. Аавьсас Аав Normal 1 No Spac. Heading! Heading 2 Tele . Font Paragraph SUMMARY OUTPUT Regression Statistics Multiple R 0.944997 R Square 0.89302 Adjusted R Square 0.875903 Standard Error 0.239984 Observations ANOVA Significance SS MIS 52.17191 8.94E-12 Regression Residual Total 4 25 29 12.01878 3.004695 1.439805 0.057592 13,45859 Intercept Price Diff Advex (AdvExp)2 AdvExp Price Diff Coefficients 29.06316 4.309083 -7.4245 0.653344 -0.55003 Standard Error Stat P-value 7.099182 4.093875 0.000389 2.667846 1.615192 0.118821 2.224741 -3.33724...
Аавьса. Аавьсах Аавьс. Аавьсс Аав Аавьсс. Аавьсас T Normal No Spaci.. Heading 1 Heading 2 Title Subtitle Subtle Em...
Аавьса. Аавьсах Аавьс. Аавьсс Аав Аавьсс. Аавьсас T Normal No Spaci.. Heading 1 Heading 2 Title Subtitle Subtle Em Font P aragraph Styles Case 1. Duracraft Corporation is nearing the end of its first year of operations. Duracraft made inventory purchases of $745,000 during the year, as follows: • • . • January 1,000 units @ $100.00 $100,000 July 4,000 units @ $121.25 = $485,000 November 1,000 units @ $160.00 = $160,000 Totals 6,000 units = $745,000 Sales for the...
YORKVILLE MID-TERM QUESTIONS ONLY Marks A: 40 marks Part A e question or statement. Choose the...
YORKVILLE MID-TERM QUESTIONS ONLY Marks A: 40 marks Part A e question or statement. Choose the answer that best fits the que 1 eve period and shareholders equity decreases $25.000 liabilities increase $120.000 during during the same period assets must A) decrease $145.000 B) increase 5145.000 C increase $95.000 Di decrease 595.000 benefits to which a company is entitled obligations to creditors to be paid at some future date by the 2. Which of the l e aderbes a liability...
Question 2 Parts A-D A Use the starting balance sheet, income statement, and the list of...
Question 2 Parts A-D A Use the starting balance sheet, income statement, and the list of changes to answer the question. Valley Technology Balance Sheet As of December 31, 2019 (amounts in thousands) Cash 22,000 Liabilities 36,000 Other Assets 28,000 Equity 14,000 Total Assets 50,000 Total Liabilities & Equity 50,000 Valley Technology Income Statement January 1 to March 31, 2020 (amounts in thousands) Revenue 7,200 Expenses 3,600 Net Income 3,600 Between January 1 and March 31, 2020: 1. Cash decreases...
Use the starting balance sheet and statement of cash flows to answer the question. Valley Technology Balance Sheet As of...
Use the starting balance sheet
and statement of cash flows to answer the question. Valley
Technology Balance Sheet As of December 31, 2018 (amounts in
thousands) Cash 97,000 Accounts Payable 15,000 Accounts Receivable
45,000 Debt 29,000 Inventory 38,000 Other Liabilities 8,000
Property Plant & Equipment, Gross 239,000 Total Liabilities
52,000 Accumulated Depreciation 75,000 Paid-In Capital 73,000
Property Plant & Equipment, Net 164,000 Retained Earnings
236,000 Other Assets 17,000 Total Equity 309,000 Total Assets
361,000 Total Liabilities & Equity 361,000 Valley...
* Question 6 The comparative unclassified statement of financial position for Sunland Ltd. follows: SUNLAND LTD....
* Question 6 The comparative unclassified statement of financial position for Sunland Ltd. follows: SUNLAND LTD. Statement of Financial Position December 31 Assets 2018 Cash $54,000 Accounts receivable 85,000 Inventory 182,000 Long-term investments 79,000 Equipment 265,000 Accumulated depreciation (65,000) Total assets $600,000 2017 $29,000 74,500 195,500 110,000 156,000 (33,000) 5532,000 Liabilities and Shareholders' Equity Accounts payable $36,000 Bank loan payable 126,000 Common shares 219,000 Retained eamings 219,000 Total liabilities and shareholders' equity $600,000 $ 45,000 184,000 171,000 132,000 $532,000 Additional...
* Question 6 The comparative unclassified statement of financial position for Sunland Ltd. follows: SUNLAND LTD....
* Question 6 The comparative unclassified statement of financial position for Sunland Ltd. follows: SUNLAND LTD. Statement of Financial Position December 31 Assets 2018 Cash $54,000 Accounts receivable 85,000 Inventory 182,000 Long-term investments 79,000 Equipment 265,000 Accumulated depreciation (65,000) Total assets $600,000 2017 $29,000 74,500 195,500 110,000 156,000 (33,000) $532,000 Liabilities and Shareholders' Equity Accounts payable $36,000 Bank loan payable 126,000 Common shares 219,000 Retained earnings 219,000 Total liabilities and shareholders' equity $600,000 $ 45,000 184,000 171,000 132,000 $532,000 Additional...
The balance sheet account used to report the amount of accounts receivable that a company does not expect to collect is...
The balance sheet account used to report the amount of accounts receivable that a company does not expect to collect is called ________. A) net accounts receivable B) allowance for uncollectible accounts C) uncollectible accounts expense D) bad debts expense What is the effect on the accounting equation of writing off an uncollectible account of $75? A) increase assets $75 and decrease liabilities $75 B) decrease assets $75 and decrease liabilities $75 C) decrease assets $75 and increase expense $75...
The balance sheet account used to report the amount of accounts receivable that a company does...
The balance sheet account used to report the amount of accounts receivable that a company does not expect to collect is called ________. A) net accounts receivable B) allowance for uncollectible accounts C) uncollectible accounts expense D) bad debts expense What is the effect on the accounting equation of writing off an uncollectible account of $75? A) increase assets $75 and decrease liabilities $75 B) decrease assets $75 and decrease liabilities $75 C) decrease assets $75 and increase expense $75...
The 2017 comparative balance sheet and income statement of Summer Time Hardware Corp. follow. Summer Time...
The
2017 comparative balance sheet and income statement of Summer Time
Hardware Corp. follow. Summer Time had no non-cash investing and
financing transactions during 2017. During the year, there were no
sales of land or equipment, no issuance of notes payable, and no
repurchase of shares transactions.
The 2017 comparative balance sheet and income statement of Summer Time Hardware Corp. follow. Summer Time had no non-cash investing and financing transactions during 2017. During the year, there were no sales of...
please help!
19. Аавьсet Аавьсet Аавьс. Аавьсас Аав Normal 1 No Spac. Heading! Heading 2 Tele . Font Paragraph SUMMARY OUTPUT Regression Statistics Multiple R 0.944997 R Square 0.89302 Adjusted R Square 0.875903 Standard Error 0.239984 Observations ANOVA Significance SS MIS 52.17191 8.94E-12 Regression Residual Total 4 25 29 12.01878 3.004695 1.439805 0.057592 13,45859 Intercept Price Diff Advex (AdvExp)2 AdvExp Price Diff Coefficients 29.06316 4.309083 -7.4245 0.653344 -0.55003 Standard Error Stat P-value 7.099182 4.093875 0.000389 2.667846 1.615192 0.118821 2.224741 -3.33724...
Аавьса. Аавьсах Аавьс. Аавьсс Аав Аавьсс. Аавьсас T Normal No Spaci.. Heading 1 Heading 2 Title Subtitle Subtle Em Font P aragraph Styles Case 1. Duracraft Corporation is nearing the end of its first year of operations. Duracraft made inventory purchases of $745,000 during the year, as follows: • • . • January 1,000 units @ $100.00 $100,000 July 4,000 units @ $121.25 = $485,000 November 1,000 units @ $160.00 = $160,000 Totals 6,000 units = $745,000 Sales for the...
YORKVILLE MID-TERM QUESTIONS ONLY Marks A: 40 marks Part A e question or statement. Choose the answer that best fits the que 1 eve period and shareholders equity decreases $25.000 liabilities increase $120.000 during during the same period assets must A) decrease $145.000 B) increase 5145.000 C increase $95.000 Di decrease 595.000 benefits to which a company is entitled obligations to creditors to be paid at some future date by the 2. Which of the l e aderbes a liability...
Use the starting balance sheet
and statement of cash flows to answer the question. Valley
Technology Balance Sheet As of December 31, 2018 (amounts in
thousands) Cash 97,000 Accounts Payable 15,000 Accounts Receivable
45,000 Debt 29,000 Inventory 38,000 Other Liabilities 8,000
Property Plant & Equipment, Gross 239,000 Total Liabilities
52,000 Accumulated Depreciation 75,000 Paid-In Capital 73,000
Property Plant & Equipment, Net 164,000 Retained Earnings
236,000 Other Assets 17,000 Total Equity 309,000 Total Assets
361,000 Total Liabilities & Equity 361,000 Valley...
* Question 6 The comparative unclassified statement of financial position for Sunland Ltd. follows: SUNLAND LTD. Statement of Financial Position December 31 Assets 2018 Cash $54,000 Accounts receivable 85,000 Inventory 182,000 Long-term investments 79,000 Equipment 265,000 Accumulated depreciation (65,000) Total assets $600,000 2017 $29,000 74,500 195,500 110,000 156,000 (33,000) 5532,000 Liabilities and Shareholders' Equity Accounts payable $36,000 Bank loan payable 126,000 Common shares 219,000 Retained eamings 219,000 Total liabilities and shareholders' equity $600,000 $ 45,000 184,000 171,000 132,000 $532,000 Additional...
* Question 6 The comparative unclassified statement of financial position for Sunland Ltd. follows: SUNLAND LTD. Statement of Financial Position December 31 Assets 2018 Cash $54,000 Accounts receivable 85,000 Inventory 182,000 Long-term investments 79,000 Equipment 265,000 Accumulated depreciation (65,000) Total assets $600,000 2017 $29,000 74,500 195,500 110,000 156,000 (33,000) $532,000 Liabilities and Shareholders' Equity Accounts payable $36,000 Bank loan payable 126,000 Common shares 219,000 Retained earnings 219,000 Total liabilities and shareholders' equity $600,000 $ 45,000 184,000 171,000 132,000 $532,000 Additional...
The
2017 comparative balance sheet and income statement of Summer Time
Hardware Corp. follow. Summer Time had no non-cash investing and
financing transactions during 2017. During the year, there were no
sales of land or equipment, no issuance of notes payable, and no
repurchase of shares transactions.
The 2017 comparative balance sheet and income statement of Summer Time Hardware Corp. follow. Summer Time had no non-cash investing and financing transactions during 2017. During the year, there were no sales of...
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