The comparative statement of financial position for Crane Retailers Ltd. follows: CRANE RETAILERS LTD. Statement of...
The comparative, unclassified statement of financial position for Ivanhoe Ltd. shows the following balances at December 31: Ivanhoe Ltd. Statement of Financial Position December 31 Assets 2018 2017 Cash $ 18,000 $ 39,000 Term deposits (maturing in 60 days) 0 41,000 Accounts receivable 78,000 41,000 Inventory 104,000 73,000 Land 185,000 230,000 Buildings 902,000 525,000 Accumulated depreciation—buildings (137,000 ) (191,000 ) Equipment 104,000 74,000 Accumulated depreciation—equipment (38,000 ) (19,000 ) Total assets $1,216,000 $813,000 Liabilities and Shareholders’ Equity Accounts payable $...
The comparative, unclassified statement of financial position for Ivanhoe Ltd. shows the following balances at December 31: Ivanhoe Ltd. Statement of Financial Position December 31 Assets 2018 2017 Cash $ 16,000 $ 38,000 Term deposits (maturing in 60 days) 0 46,000 Accounts receivable 77,000 40,000 Inventory 104,000 68,000 Land 187,000 234,000 Buildings 908,000 529,000 Accumulated depreciation—buildings (134,000 ) (188,000 ) Equipment 96,000 67,000 Accumulated depreciation—equipment (39,000 ) (21,000 ) Total assets $1,215,000 $813,000 Liabilities and Shareholders’ Equity Accounts payable $...
he comparative, unclassified statement of financial position for Ivanhoe Ltd. shows the following balances at December 31: Ivanhoe Ltd. Statement of Financial Position December 31 Assets 2018 2017 Cash $ 16,000 $ 38,000 Term deposits (maturing in 60 days) 0 46,000 Accounts receivable 77,000 40,000 Inventory 104,000 68,000 Land 187,000 234,000 Buildings 908,000 529,000 Accumulated depreciation—buildings (134,000 ) (188,000 ) Equipment 96,000 67,000 Accumulated depreciation—equipment (39,000 ) (21,000 ) Total assets $1,215,000 $813,000 Liabilities and Shareholders’ Equity Accounts payable $...
The comparative unclassified statement of financial position for Blossom Ltd. follows: BLOSSOM LTD. Statement of Financial Position December 31 Assets 2018 Cash $51,000 Accounts receivable 88,000 Inventory 177,000 Long-term investments 70,000 Equipment 280,000 Accumulated depreciation (66,000) Total assets $600,000 2017 $27,000 60,000 194,500 145,000 154,000 (34,000) $546,500 Liabilities and Shareholders' Equity Accounts payable $37,000 Bank loan payable 125,000 Common shares 219,000 Retained earnings 219,000 Total liabilities and shareholders' equity $600,000 $ 49,500 185,000 175,000 137,000 $546,500 Additional information: 1. Net...
can you expain with steps? The comparative, unclassified statement of financial position for Sunland Ltd. shows the following balances at December 31: Cash $0 Sunland Ltd. Statement of Financial Position December 31 Assets 2018 2017 $ 43,000 Accounts receivable 22,000 37,000 Inventory 35,000 57,000 Land 96,000 105,000 Buildings 523,000 259,000 Accumulated depreciation-buildings (72,000) (104,000) Equipment 75,000 38,000 Accumulated depreciation-equipment (12,000) (6,000) Total assets $710,000 $386,000 Liabilities and Shareholders' Equity Bank overdraft $0 $11,000 Accounts payable $ 42,000 $ 21,000 Income...
Selected information from Wildhorse Ltd's statement of financial position and income statement is as follows: WILDHORSE LTD. Statement of Financial Position (partial) December 31 2018 2017 Current assets Accounts receivable $7,300 $13,000 Inventory 6,400 4,600 Prepaid expenses 3,200 2.100 Current liabilities Accounts payable 3,800 2,500 Income tax payable 1,500 650 Accrued liabilities 2.200 1.500 Bank loan payable-current portion 6,000 9.200 O WP hp WILDHORSE LTD. Income Statement Year Ended December 31, 2018 Net sales $205,000 Cost of goods sold 114.000...
Carla Vista Ltd., which follows ASPE, had the following comparative Statement of Financial Position: Carla Vista Ltd. Comparative Statement of Financial Position March 31 Assets 2020 2021 $ 19,380 68,400 95,760 6,840 285,000 $ 13,680 45,600 79,800 4,560 239,400 (54,720) $ 328,320 (68,400) $ 406,980 Cash Accounts receivable Inventory Prepaid expenses Property, plant, and equipment Accumulated depreciation Total assets Liabilities and Shareholders' Equity Accounts payable Interest payable Income taxes payable Bonds payable Common shares Retained earnings $ 39,900 3,420 25,080...
* 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...
*Question 5 The comparative unclassified statement of financial position for Sunland Ltd. follows: SUNLAND LTD. Statement of Financial Position December 31 Assets 2018 2017 Cash $54,000 $29,000 Accounts receivable 85,000 74,500 Inventory 182,000 195,500 Long-term investments 79,000 110,000 Equipment 265,000 156,000 (65,000) $600,000 $532,000 Accumulated depreciation (33,000) Total assets Liabilities and Shareholders' Equity Accounts payable Bank loan payable S36,000 $45,000 126,000 184,000 219,000 171,000 Common shares Retained eamings 132,000 219,000 $532,000 Total liabilities and shareholders' equity $600,000 Additional information: Net...