Homework Answers
| Current assets order is : Cash, accounts receivable, Inventories, Prepaid items |
| Option c) |
| Earnings per share is = (Net Income - Preferred dividend)/Weighted average common shares |
| Earnings per share is = (500000-60000)/100000 |
| Earnings per share is = $ 4.40/. |
| Option d) |
| Decision usefulness is the underlying theme of the conceptual framework. |
| Option c) |
| Stockholders equity is dividend into Capital stock, additional paid in capital and retained earnings |
| Option d) |
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The correct order to present current assets is اختر أحد الخيارات .a. C. Cash, inventories, accounts...
the correct order accounts receiable .a. C. Cash, inventories, accounts receivable, prepaid items O .b. A....
the correct order accounts receiable
.a. C. Cash, inventories, accounts receivable, prepaid items O .b. A. Cash, accounts receivable, prepaid items, inventories O .c. B. Cash, accounts receivable, inventories, prepaid items .d. D. Cash, inventories, prepaid items, accounts receivable Craig Rusch Corporation reports the following information Net income $500,000 Dividends on common stock 140,000 Dividends on preferred stock 60,000 Weighted average common shares outstanding 100,000 Rusch should report earnings per share of The underlying theme of the conceptual framework is...
1. Current assets are presented in the balance sheet in A) ascending order of their balances....
1. Current assets are presented in the balance sheet in A) ascending order of their balances. B) descending order of their balances. C) order of their liquidity. D) reverse order of their liquidity. 2. Treasury stock should be reported as a(n) A) current asset. B) investment C) other asset. D) reduction of stockholders' equity. 3. The basis for classifying assets as current or noncurrent is the period of time normally required by the accounting entity to convert cash invested in...
The allowance for doubtful accounts, which appears as a deduction from accounts receivable on a balance...
The allowance for doubtful accounts, which appears as a deduction from accounts receivable on a balance sheet and which is based on an estimate of bad debts, is an application of the اختر أحد الخيارات .a. materiality constraint O .b. matching principle o C. revenue recognition principle o .d.consistency characteristico The income statement reveals اختر أحد الخيارات .a. C. net earnings (net income) of a firm at a point in time .b. D. net earnings (net income) of a firm...
IF Cash JD 5000, Inventories JD 7500, Equipment JD 8000, accounts receivable JD 4000, supplies JD...
IF Cash JD 5000, Inventories JD 7500, Equipment JD 8000, accounts receivable JD 4000, supplies JD 500, The amount of Current assets, :equals اختر أحد الخيارات JD 25000 • JD 20500 JD 12500 JD 17000
X acquires 22% of Y common stocks. The stock investment should be classified as اختر أحد...
X acquires 22% of Y common stocks. The stock investment should be classified as اختر أحد الخيارات a. Long-term investment (less than 20%) O b. Available for sales securities O c. Long-term investment (equity method) O d. Trading securities o A, B, and invested $40,000, $30,000, and $25,000, respectively, in ABC LLP on June 30, 2002. They agreed to divide income or losses as follows: (1) Salaries of $10,000, $8,000, and $7,500, respectively, to A, B, and C (2) Interest...
Stanton Company has the following items: common stock, $720,000; treasury stock, $85,000; deferred taxes, $100,000 and...
Stanton Company has the following items: common stock, $720,000; treasury stock, $85,000; deferred taxes, $100,000 and retained earnings, $363,000. What total amount should Stanton ?Company report as stockholders' equity اختر أحد الخيارات a. A. $898,000 .b. C. $1,098,000 .C. D. $1,198,000 .d. B. $998,000 For Garret Wolfe Company, the following information is available Cost of goods sold $ 60,000 Dividend revenue 2,500 Income tax expense 6,000 Operating expenses 23,000 Sales 100,000 In Garret Wolfe's single-step income statement, gross profit اختر...
Respondus LockDown Browser Question 4 4 pts Select the option that reflects the three parts that...
Respondus LockDown Browser Question 4 4 pts Select the option that reflects the three parts that the stockholders' equity section is typically divided into O b. Preferred stock, common stock, retained earnings O d. Capital stock, appropriated retained earnings, unappropriated retained earnings O c. Capital stock, additional paid-in capital, retained earnings O a. Preferred stock, common stock, treasury stock
When a firm acquires 70% of Y company preferred stocks. The combiner can classify the stock...
When a firm acquires 70% of Y company preferred stocks. The combiner can classify the stock investment as acquisition case اختر أحد الخيارات a. False b. True The partnership is an association of or more persons اختر أحد الخيارات .a. Four o .b. Five O .C. Three o .d. Two O A & B decided to liquidate AB LLP. The non-cash assets of AB partnership at cost 500,000 and the non-cash assets were sold for ?$480,000. The loss on realization...
Niew Policies Current Attempt in Progress The following accounts appeared on the trail balance of Sunland...
Niew Policies Current Attempt in Progress The following accounts appeared on the trail balance of Sunland Company at December 31, 2020, $195,000 670,000 38,000 29.000 300.000 Notes Payable (short-term) Accumulated Depreciation - Bldg. Supplies Salaries and Wages Payable Debt Investments (long-term) Cash Bonds Payable Due 1/1/2028 Allowance for Doubtful Accts. Copyrights Notes Receivable (due in 6 months) Income Taxes Payable Preferred Stock Appropriated Retained Earnings 170,000 1,300,000 Accounts Receivable Prepaid Insurance Common Stock Unappropriated Retained Earnings Inventory Land Trading Securities...
The amount of time that is expected to elapse until an asset is realized or otherwise...
The amount of time that is expected to elapse until an asset is realized or otherwise converted into cash is referred to as اختر أحد الخيارات .a. D. exchangeability O b. A. solvency .c. B. financial flexibility o d. C. liquidity a Garret Company owns the following investments Trading securities (fair value) $60,000 Available-for-sale securities (fair value) 35,000 Held-to-maturity securities (amortized cost) 47,000 Garret will report investments in its current assets section of اختر أحد الخيارات .a. A $0 0...
the correct order accounts receiable
.a. C. Cash, inventories, accounts receivable, prepaid items O .b. A. Cash, accounts receivable, prepaid items, inventories O .c. B. Cash, accounts receivable, inventories, prepaid items .d. D. Cash, inventories, prepaid items, accounts receivable Craig Rusch Corporation reports the following information Net income $500,000 Dividends on common stock 140,000 Dividends on preferred stock 60,000 Weighted average common shares outstanding 100,000 Rusch should report earnings per share of The underlying theme of the conceptual framework is...
1. Current assets are presented in the balance sheet in A) ascending order of their balances. B) descending order of their balances. C) order of their liquidity. D) reverse order of their liquidity. 2. Treasury stock should be reported as a(n) A) current asset. B) investment C) other asset. D) reduction of stockholders' equity. 3. The basis for classifying assets as current or noncurrent is the period of time normally required by the accounting entity to convert cash invested in...
The allowance for doubtful accounts, which appears as a deduction from accounts receivable on a balance sheet and which is based on an estimate of bad debts, is an application of the اختر أحد الخيارات .a. materiality constraint O .b. matching principle o C. revenue recognition principle o .d.consistency characteristico The income statement reveals اختر أحد الخيارات .a. C. net earnings (net income) of a firm at a point in time .b. D. net earnings (net income) of a firm...
IF Cash JD 5000, Inventories JD 7500, Equipment JD 8000, accounts receivable JD 4000, supplies JD 500, The amount of Current assets, :equals اختر أحد الخيارات JD 25000 • JD 20500 JD 12500 JD 17000
X acquires 22% of Y common stocks. The stock investment should be classified as اختر أحد الخيارات a. Long-term investment (less than 20%) O b. Available for sales securities O c. Long-term investment (equity method) O d. Trading securities o A, B, and invested $40,000, $30,000, and $25,000, respectively, in ABC LLP on June 30, 2002. They agreed to divide income or losses as follows: (1) Salaries of $10,000, $8,000, and $7,500, respectively, to A, B, and C (2) Interest...
Stanton Company has the following items: common stock, $720,000; treasury stock, $85,000; deferred taxes, $100,000 and retained earnings, $363,000. What total amount should Stanton ?Company report as stockholders' equity اختر أحد الخيارات a. A. $898,000 .b. C. $1,098,000 .C. D. $1,198,000 .d. B. $998,000 For Garret Wolfe Company, the following information is available Cost of goods sold $ 60,000 Dividend revenue 2,500 Income tax expense 6,000 Operating expenses 23,000 Sales 100,000 In Garret Wolfe's single-step income statement, gross profit اختر...
Respondus LockDown Browser Question 4 4 pts Select the option that reflects the three parts that the stockholders' equity section is typically divided into O b. Preferred stock, common stock, retained earnings O d. Capital stock, appropriated retained earnings, unappropriated retained earnings O c. Capital stock, additional paid-in capital, retained earnings O a. Preferred stock, common stock, treasury stock
When a firm acquires 70% of Y company preferred stocks. The combiner can classify the stock investment as acquisition case اختر أحد الخيارات a. False b. True The partnership is an association of or more persons اختر أحد الخيارات .a. Four o .b. Five O .C. Three o .d. Two O A & B decided to liquidate AB LLP. The non-cash assets of AB partnership at cost 500,000 and the non-cash assets were sold for ?$480,000. The loss on realization...
Niew Policies Current Attempt in Progress The following accounts appeared on the trail balance of Sunland Company at December 31, 2020, $195,000 670,000 38,000 29.000 300.000 Notes Payable (short-term) Accumulated Depreciation - Bldg. Supplies Salaries and Wages Payable Debt Investments (long-term) Cash Bonds Payable Due 1/1/2028 Allowance for Doubtful Accts. Copyrights Notes Receivable (due in 6 months) Income Taxes Payable Preferred Stock Appropriated Retained Earnings 170,000 1,300,000 Accounts Receivable Prepaid Insurance Common Stock Unappropriated Retained Earnings Inventory Land Trading Securities...
The amount of time that is expected to elapse until an asset is realized or otherwise converted into cash is referred to as اختر أحد الخيارات .a. D. exchangeability O b. A. solvency .c. B. financial flexibility o d. C. liquidity a Garret Company owns the following investments Trading securities (fair value) $60,000 Available-for-sale securities (fair value) 35,000 Held-to-maturity securities (amortized cost) 47,000 Garret will report investments in its current assets section of اختر أحد الخيارات .a. A $0 0...
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