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The statements of financial position for Mero Company showed the following information. Additional information concerning transactions...
The Balance Sheets for Bad News show the following information. Additional information concerning transactions and events...
The Balance Sheets for Bad News show the following information. Additional information concerning transactions and events during 2019 are presented below. Dwyer Company Balance Sheet Cash Accounts receivable (net) Inventory Long-term investments Property, plant & equipment (PP&E) ·Accumulated depreciation December 31 2019 2018 $35,900 $10,200 48,300 20,300 35,000 42,000 15,000 236,500 150,000 37,700> $25,000> $318.000 $212,500 Difference $25,700 28,000 7,000> <15,000> 86,500 12,700 Accounts payable Accrued liabilities (e.g. salaries payable) Long-term notes payable Common stock Retained earnings $19,000 19,000 70,000...
The Balance Sheets for Bad News show the following information. Additional information concerning transactions and events...
The Balance Sheets for Bad News show the following information. Additional information concerning transactions and events during 2019 are presented below. Dwyer Company Balance Sheet December 31 2019 2018 Difference $25,700 $35,900 48,300 $10,200 Cash 20,300 28,000 Accounts receivable (net) <7,000> 42,000 35,000 Inventory Long-term investments Property, plant & equi Accumulated depreciation 15,000 <15,000> 0 150,000 86,500 236,500 (PP&E) <25.000 $212,500 <37,700> 12,700 $318,000 <7,500> 2,000 Accounts payable Accrued liabilities (e.g. salaries payable) Long-term notes payable $26,500 17,000 50,000 90,000...
ilment of Cash Flows-Indirect Method (17 Points) The balance sheets for Toys for Tots Inc. showed...
ilment of Cash Flows-Indirect Method (17 Points) The balance sheets for Toys for Tots Inc. showed the following information Add to concerning transactions and events during 2018 are presented below. 8 Information. Additional information Toys for Tots Inc. Balance Sheet $ Cash Accounts receivable (net) Inventory Long-term investments Property, plant & equipment Accumulated depreciation December 31 2018 2017 30.900 $ 10,200 43,300 20,300 35,000 42.000 15.000 176,500 150.000 (37.700) (25.000) $248.000 $212.500 $ 17,000 $ 36,500 21,000 17,000 12,000 6,000...
The financial statements of Sol Company appear below: Sol COMPANY Comparative Statements of Financial Position December...
The financial statements of Sol Company appear below: Sol COMPANY Comparative Statements of Financial Position December 31, 2017 ———————————————————————————————————————— Assets 2017 2016 Property, plant and equipment (net).................................................. $260,000 $300,000 Inventory............................................................................................ 50,000 70,000 Accounts receivable (net).................................................................. 50,000 30,000 Short-term investments..................................................................... 15,000 60,000 Cash................................................................................................... 25,000 40,000 Total assets ................................................................................ $400,000 $500,000 Equity and liabilities Share capital – ordinary.................................................................... $150,000 $150,000 Retained earnings.............................................................................. 110,000 70,000 Bonds payable................................................................................... 80,000 160,000...
The financial statements of Sol Company appear below: Sol COMPANY Comparative Statements of Financial Position December...
The financial statements of Sol Company appear below: Sol COMPANY Comparative Statements of Financial Position December 31, 2017 ———————————————————————————————————————— Assets 2017 2016 Property, plant and equipment (net).................................................. $260,000 $300,000 Inventory............................................................................................ 50,000 70,000 Accounts receivable (net).................................................................. 50,000 30,000 Short-term investments..................................................................... 15,000 60,000 Cash................................................................................................... 25,000 40,000 Total assets ................................................................................ $400,000 $500,000 Equity and liabilities Share capital – ordinary.................................................................... $150,000 $150,000 Retained earnings.............................................................................. 110,000 70,000 Bonds payable................................................................................... 80,000 160,000...
Financial data for Beaker Company for last year appear below: Ragapo Inc. Statements of Financial Position...
Financial data for Beaker Company for last year appear below: Ragapo Inc. Statements of Financial Position Beginning Balance Ending Balance Assets: Cash Accounts receivable Inventory Plant and equipment (net) Investment in Cedar Company Land (underdeveloped) Total assets $50,000 20,000 30,000 120,000 80,000 170,000 S470,000 $70,000 25,000 35,000 110,000 100,000 170,000 $510.000 Liabilities and owners' equity: Accounts payable Long-term deby Owners' equity Total liabilities and owners' equity $70,000 250,000 150,000 $470.000 $90,000 250,000 170.000 $510.000 Beaker Company Income Statement Sa.es Less...
Financial data for Beaker Company for last year appear below: Ragano Inc. Statements of Financial Position...
Financial data for Beaker Company for last year appear below: Ragano Inc. Statements of Financial Position Beginning Balance Ending Balance Assets: Cash Accounts receivable Inventory Plant and equipment (net) Investment in Cedar Company Land (underdeveloped) Total assets $50,000 20,000 30,000 120,000 80,000 170,000 $470,000 $70,000 25,000 35,000 110,000 100,000 170,000 $510,000 Liabilities and owners' equity: Accounts payable Long-term deby Owners' equity Total liabilities and owners' equity $70,000 250,000 150,000 $470.000 $90,000 250,000 170,000 $510,000 Beaker Company Income Statement Sa;es Less...
Financial data for Beaker Company for last year appear below. RADNO Inc. Statements of Financial Position...
Financial data for Beaker Company for last year appear below. RADNO Inc. Statements of Financial Position Beginning Balance Ending Balance Assets: Cash Accounts receivable Inventory Plant and equipment (net) Investment in Cedar Company Land (underdeveloped) Total assets $50,000 20,000 30.000 120,000 80.000 120.000 S470.000 $70,000 25,000 35,000 110,000 100.000 170.000 $510.000 Liabilities and owners' equity: Accounts payable Long-term deby Owners' equity Total liabilities and owners' equity $70,000 250,000 150.000 $470.000 $90,000 250,000 120.000 3510.000 Besker Company Income Statement Sa.es 5414,000...
Condensed financial data of P Company appear below: P COMPANY Comparative Statements of Financial Position December...
Condensed financial data of P Company appear below: P COMPANY Comparative Statements of Financial Position December 31 2017 2016 $315,000 $250,000 (65,000 (60,000) 75,000 25,000 132,000 53,000 71,00035,000 $635,000 $510,000 Plant assets Investments Prepaid expenses Inventories Accounts receivable Cash 90,000 19,000 120,000 85,000 Total Share capital-ordinary Retained earnings Bonds payable Accounts payable Accrued expenses payable $245,000 $170,000 81,000 160,000 75,000 138,000 130,000 Total $635,000 $510,000 P COMPANY Income Statement For the Year Ended December 31, 2017 Sales revenue Less: $470,000...
The statement of financial position data of Basha Company at the end of 2015 and 2014...
The statement of financial position data of Basha Company at the end of 2015 and 2014 follows: 2015 2014 Equipment $ 1,260,000 $1,050,000 Accumulated Depreciation- equipment (252,000) (112,000) Land 980,000 560,000 Inventory 910,000 630,000 Accounts receivable (net) 770,000 630,000 Prepaid expenses 210,000 350,000 Cash 420,000 490,000 Total Assets 4,298,000 3,598,000 Share capital-ordinary, $20 par 2,646,000 2,226,000 Retained earnings 112,000 70,000 Notes payable-bank, long-term 0 322,000 Bonds payable 420,000 0 Accounts payable 1,120,000 980,000 Total Liabilities and SE 4,298,000 3,598,000 Land...
The Balance Sheets for Bad News show the following information. Additional information concerning transactions and events during 2019 are presented below. Dwyer Company Balance Sheet Cash Accounts receivable (net) Inventory Long-term investments Property, plant & equipment (PP&E) ·Accumulated depreciation December 31 2019 2018 $35,900 $10,200 48,300 20,300 35,000 42,000 15,000 236,500 150,000 37,700> $25,000> $318.000 $212,500 Difference $25,700 28,000 7,000> <15,000> 86,500 12,700 Accounts payable Accrued liabilities (e.g. salaries payable) Long-term notes payable Common stock Retained earnings $19,000 19,000 70,000...
The Balance Sheets for Bad News show the following information. Additional information concerning transactions and events during 2019 are presented below. Dwyer Company Balance Sheet December 31 2019 2018 Difference $25,700 $35,900 48,300 $10,200 Cash 20,300 28,000 Accounts receivable (net) <7,000> 42,000 35,000 Inventory Long-term investments Property, plant & equi Accumulated depreciation 15,000 <15,000> 0 150,000 86,500 236,500 (PP&E) <25.000 $212,500 <37,700> 12,700 $318,000 <7,500> 2,000 Accounts payable Accrued liabilities (e.g. salaries payable) Long-term notes payable $26,500 17,000 50,000 90,000...
ilment of Cash Flows-Indirect Method (17 Points) The balance sheets for Toys for Tots Inc. showed the following information Add to concerning transactions and events during 2018 are presented below. 8 Information. Additional information Toys for Tots Inc. Balance Sheet $ Cash Accounts receivable (net) Inventory Long-term investments Property, plant & equipment Accumulated depreciation December 31 2018 2017 30.900 $ 10,200 43,300 20,300 35,000 42.000 15.000 176,500 150.000 (37.700) (25.000) $248.000 $212.500 $ 17,000 $ 36,500 21,000 17,000 12,000 6,000...
Financial data for Beaker Company for last year appear below: Ragapo Inc. Statements of Financial Position Beginning Balance Ending Balance Assets: Cash Accounts receivable Inventory Plant and equipment (net) Investment in Cedar Company Land (underdeveloped) Total assets $50,000 20,000 30,000 120,000 80,000 170,000 S470,000 $70,000 25,000 35,000 110,000 100,000 170,000 $510.000 Liabilities and owners' equity: Accounts payable Long-term deby Owners' equity Total liabilities and owners' equity $70,000 250,000 150,000 $470.000 $90,000 250,000 170.000 $510.000 Beaker Company Income Statement Sa.es Less...
Financial data for Beaker Company for last year appear below: Ragano Inc. Statements of Financial Position Beginning Balance Ending Balance Assets: Cash Accounts receivable Inventory Plant and equipment (net) Investment in Cedar Company Land (underdeveloped) Total assets $50,000 20,000 30,000 120,000 80,000 170,000 $470,000 $70,000 25,000 35,000 110,000 100,000 170,000 $510,000 Liabilities and owners' equity: Accounts payable Long-term deby Owners' equity Total liabilities and owners' equity $70,000 250,000 150,000 $470.000 $90,000 250,000 170,000 $510,000 Beaker Company Income Statement Sa;es Less...
Financial data for Beaker Company for last year appear below. RADNO Inc. Statements of Financial Position Beginning Balance Ending Balance Assets: Cash Accounts receivable Inventory Plant and equipment (net) Investment in Cedar Company Land (underdeveloped) Total assets $50,000 20,000 30.000 120,000 80.000 120.000 S470.000 $70,000 25,000 35,000 110,000 100.000 170.000 $510.000 Liabilities and owners' equity: Accounts payable Long-term deby Owners' equity Total liabilities and owners' equity $70,000 250,000 150.000 $470.000 $90,000 250,000 120.000 3510.000 Besker Company Income Statement Sa.es 5414,000...
Condensed financial data of P Company appear below: P COMPANY Comparative Statements of Financial Position December 31 2017 2016 $315,000 $250,000 (65,000 (60,000) 75,000 25,000 132,000 53,000 71,00035,000 $635,000 $510,000 Plant assets Investments Prepaid expenses Inventories Accounts receivable Cash 90,000 19,000 120,000 85,000 Total Share capital-ordinary Retained earnings Bonds payable Accounts payable Accrued expenses payable $245,000 $170,000 81,000 160,000 75,000 138,000 130,000 Total $635,000 $510,000 P COMPANY Income Statement For the Year Ended December 31, 2017 Sales revenue Less: $470,000...
The statement of financial position data of Basha Company at the end of 2015 and 2014 follows: 2015 2014 Equipment $ 1,260,000 $1,050,000 Accumulated Depreciation- equipment (252,000) (112,000) Land 980,000 560,000 Inventory 910,000 630,000 Accounts receivable (net) 770,000 630,000 Prepaid expenses 210,000 350,000 Cash 420,000 490,000 Total Assets 4,298,000 3,598,000 Share capital-ordinary, $20 par 2,646,000 2,226,000 Retained earnings 112,000 70,000 Notes payable-bank, long-term 0 322,000 Bonds payable 420,000 0 Accounts payable 1,120,000 980,000 Total Liabilities and SE 4,298,000 3,598,000 Land...
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