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The statement of financial position data of Basha Company at the end of 2015 and 2014...
ACC201: Financial Accounting The following comparative statements of financial position are for Kings Pte Ltd as...
ACC201: Financial Accounting
The following
comparative statements of financial position are for Kings Pte Ltd
as at 31 December 20X1 and 20X2. Also provided is the extract from
the income statement for the year ended 31 December 20X2.
Additional information:
The equipment which was sold for cash was originally bought at
a cost of $56,000. When sold, the accumulated depreciation of the
equipment was $28,000
During the year, the company bought another piece of equipment
paying the full amount in...
please help Waterloo Corporation Statement of Financial Position 31-Dec 2015 2014 2013 Assets Cash $32,000 $19,000...
please help
Waterloo Corporation Statement of Financial Position 31-Dec 2015 2014 2013 Assets Cash $32,000 $19,000 $10,000 Accounts Receivable (net) 95,000 70,000 53,000 Inventory 81,000 71,000 53,000 Other current assets 65,000 49,000 61,000 Long-term investments 120,000 76,000 50,000 Property, Plant & Equipment (net) 598,000 345,000 315.000 Total Assets $991,000 $630,000 $542,000 $71,500 245.000 316,500 $56,000 75.000 131,000 $65,000 78,000 143,000 Liabilities & Shareholders' Equity Liabilities Current Liabilities Non-current liabilities Total Liabilities Shareholders' Equity Common Shares Retained Earnings Total Shareholders' Equity...
please do Waterloo Corporation Statement of Financial Position 31-Dec 2015 2014 2013 Assets Cash $32,000 $19,000...
please do
Waterloo Corporation Statement of Financial Position 31-Dec 2015 2014 2013 Assets Cash $32,000 $19,000 $10,000 Accounts Receivable (net) 95,000 70,000 53,000 Inventory 81,000 71,000 53,000 Other current assets 65,000 49,000 61,000 Long-term investments 120,000 76,000 50,000 Property, Plant & Equipment (net) 598,000 345,000 315.000 Total Assets $991,000 $630,000 $542,000 $71,500 245.000 316,500 $56,000 75.000 131,000 $65,000 78,000 143,000 Liabilities & Shareholders' Equity Liabilities Current Liabilities Non-current liabilities Total Liabilities Shareholders' Equity Common Shares Retained Earnings Total Shareholders' Equity...
Blossom Company reported the following information for 2022. Blossom Company Comparative Balance Sheets December 31 Change...
Blossom Company reported the following information for 2022. Blossom Company Comparative Balance Sheets December 31 Change Increase/Decrease Assets 2022 2021 Cash $165,200 173,600 123,200 $100,800 61,600 $64,400 Increase 112,000 Increase Accounts receivable Inventory -0- 123,200 Increase Prepaid expenses 16,800 11,200 5,600 Increase Land 154,000 196,000 42,000 Decrease Buildings 560,000 560,000 -0- Accumulated depreciation-buildings (58,800) (39,200) 19,600 Increase Equipment 512,400 (78,400) 190,400 (28,000) 322,000 Increase 50,400 Increase Accumulated depreciation-equipment Totals $1,568,000 $1,052,800 Liabilities and Stockholders' Equity Accounts payable $120,400 $112,000 $8,400...
Birtle Corporation reports the following statement of financial position information for 2014 and 2015 Birtle CORPORATION...
Birtle Corporation reports the following statement of financial position information for 2014 and 2015 Birtle CORPORATION 2014 and 2015 Statement of Financial Position Assets Liabilities and Owners' Equity 2014 2015 2014 2015 Current assets Current liabilities $ 41,060 Cash Accounts receivable Inventory $ 9,279 23,683 42,636 $11,173 25,760 46,915 Accounts payable Notes payable $43,805 16,843 16,157 57217 $ 40,000 50,000 Total $ 75,598 $ 83,848 Total $ 60,648 $ 35,000 $ 50,000 Long-term debt Owners' equity Common stock and paid-in...
These financial statement items are for Regent Company at year-end, July 31, 2015. Salaries and wages...
These financial statement items are for Regent Company at year-end, July 31, 2015. Salaries and wages payable $ 2,980 Notes payable (long-term) $ 3,000 Salaries and wages expense 45,700 Cash 5,200 Utilities expense 21,100 Accounts receivable 9,780 Equipment 38,000 Accumulated depreciation 6,000 Accounts payable 4,100 Dividends 4,000 Service revenue 57,200 Depreciation expense 4,000 Rent revenue 6,500 Retained earnings 28,000 Common stock 20,000 (Aug. 1, 2014) Prepare an income statement and a retained earnings statement for the year. Stockholders not make...
3-12. (Working with a statement of cash flows) Prepare a statement of cash flows for Abrahams...
3-12. (Working with a statement of cash flows) Prepare a statement of cash flows for Abrahams Manufacturing Company for the year ended December 31, 2015. Interpret your results. Abrahams Manufacturing Company Balance Sheet for 12/31/2014 and 12/31/2015 2014 2015 Cash $ 89,000 $100,000 Accounts receivable 64,000 70,000 Inventory 112,000 100,000 Prepaid expenses 10.000 10,000 Total current assets 275,000 280,000 Gross plant and equipment 238,000 311,000 Accumulated depreciation (40.000) (66,000) Total assets $473.000 $525,000 Accounts payable $ 85,000 $90,000 Accrued liabilities...
The 2014 statement of financial position of Roger’s Tennis Shop Inc. showed $630,000 in the common...
The 2014 statement of financial position of Roger’s Tennis Shop Inc. showed $630,000 in the common stock account and $4.9 million in the additional retained earnings account. The 2015 statement of financial position showed $670,000 and $5.4 million in the same two accounts, respectively. If the company paid out $620,000 in cash dividends during 2015, what was the cash flow to shareholders for the year?
Demonstration Problem Chapter 14 The Carpet Company's 2014 and 2015 balance sheets included the following items:...
Demonstration Problem Chapter 14 The Carpet Company's 2014 and 2015 balance sheets included the following items: December 31 2015 2014 Debits $ 4,000 9,000 18,000 15,000 $46,000 $10,500 8,000 21,000 18,000 $57,500 Cash Accounts receivable Merchandise inventory Equipment.... Totals.. Credits $ 4,000 7,000 1,000 1,500 27,000 6,000 11,000 $57,500 $3,000 5,000 2,000 Accumulated depreciation, equipment. Accounts payable Taxes payable.. Dividends payable.. Common stock, $10 par value Contributed capital in excess of par, common stock Retained earnings. 25,000 5,000 6,000 $46,000...
Question 3 Sedoya Corp. reported the following information on its 2015 and 2014 financial statements: 2015...
Question 3 Sedoya Corp. reported the following information on its 2015 and 2014 financial statements: 2015 2014 Change Cash Accounts Receivable Investments Property & Equipment Accumulated Depreciation Total Assets 67,000 181,000 52,000 298,000 (106,000) 492,000 78,000 185,000 74,000 240,000 (89,000) 488,000 (11,000) (4,000) (22,000) 58,000 (17,000) (16,000) Current Liabilities Capital Stock Retained Earnings Total Liabilities and Equity 135,000 160,000 197,000 492,000 151,000 160,000 177,000 488,000 20,000 Sedoya reported net income for 2015 of $60,000, including a gain on investments of...
ACC201: Financial Accounting
The following
comparative statements of financial position are for Kings Pte Ltd
as at 31 December 20X1 and 20X2. Also provided is the extract from
the income statement for the year ended 31 December 20X2.
Additional information:
The equipment which was sold for cash was originally bought at
a cost of $56,000. When sold, the accumulated depreciation of the
equipment was $28,000
During the year, the company bought another piece of equipment
paying the full amount in...
please help
Waterloo Corporation Statement of Financial Position 31-Dec 2015 2014 2013 Assets Cash $32,000 $19,000 $10,000 Accounts Receivable (net) 95,000 70,000 53,000 Inventory 81,000 71,000 53,000 Other current assets 65,000 49,000 61,000 Long-term investments 120,000 76,000 50,000 Property, Plant & Equipment (net) 598,000 345,000 315.000 Total Assets $991,000 $630,000 $542,000 $71,500 245.000 316,500 $56,000 75.000 131,000 $65,000 78,000 143,000 Liabilities & Shareholders' Equity Liabilities Current Liabilities Non-current liabilities Total Liabilities Shareholders' Equity Common Shares Retained Earnings Total Shareholders' Equity...
please do
Waterloo Corporation Statement of Financial Position 31-Dec 2015 2014 2013 Assets Cash $32,000 $19,000 $10,000 Accounts Receivable (net) 95,000 70,000 53,000 Inventory 81,000 71,000 53,000 Other current assets 65,000 49,000 61,000 Long-term investments 120,000 76,000 50,000 Property, Plant & Equipment (net) 598,000 345,000 315.000 Total Assets $991,000 $630,000 $542,000 $71,500 245.000 316,500 $56,000 75.000 131,000 $65,000 78,000 143,000 Liabilities & Shareholders' Equity Liabilities Current Liabilities Non-current liabilities Total Liabilities Shareholders' Equity Common Shares Retained Earnings Total Shareholders' Equity...
Blossom Company reported the following information for 2022. Blossom Company Comparative Balance Sheets December 31 Change Increase/Decrease Assets 2022 2021 Cash $165,200 173,600 123,200 $100,800 61,600 $64,400 Increase 112,000 Increase Accounts receivable Inventory -0- 123,200 Increase Prepaid expenses 16,800 11,200 5,600 Increase Land 154,000 196,000 42,000 Decrease Buildings 560,000 560,000 -0- Accumulated depreciation-buildings (58,800) (39,200) 19,600 Increase Equipment 512,400 (78,400) 190,400 (28,000) 322,000 Increase 50,400 Increase Accumulated depreciation-equipment Totals $1,568,000 $1,052,800 Liabilities and Stockholders' Equity Accounts payable $120,400 $112,000 $8,400...
Birtle Corporation reports the following statement of financial position information for 2014 and 2015 Birtle CORPORATION 2014 and 2015 Statement of Financial Position Assets Liabilities and Owners' Equity 2014 2015 2014 2015 Current assets Current liabilities $ 41,060 Cash Accounts receivable Inventory $ 9,279 23,683 42,636 $11,173 25,760 46,915 Accounts payable Notes payable $43,805 16,843 16,157 57217 $ 40,000 50,000 Total $ 75,598 $ 83,848 Total $ 60,648 $ 35,000 $ 50,000 Long-term debt Owners' equity Common stock and paid-in...
3-12. (Working with a statement of cash flows) Prepare a statement of cash flows for Abrahams Manufacturing Company for the year ended December 31, 2015. Interpret your results. Abrahams Manufacturing Company Balance Sheet for 12/31/2014 and 12/31/2015 2014 2015 Cash $ 89,000 $100,000 Accounts receivable 64,000 70,000 Inventory 112,000 100,000 Prepaid expenses 10.000 10,000 Total current assets 275,000 280,000 Gross plant and equipment 238,000 311,000 Accumulated depreciation (40.000) (66,000) Total assets $473.000 $525,000 Accounts payable $ 85,000 $90,000 Accrued liabilities...
Demonstration Problem Chapter 14 The Carpet Company's 2014 and 2015 balance sheets included the following items: December 31 2015 2014 Debits $ 4,000 9,000 18,000 15,000 $46,000 $10,500 8,000 21,000 18,000 $57,500 Cash Accounts receivable Merchandise inventory Equipment.... Totals.. Credits $ 4,000 7,000 1,000 1,500 27,000 6,000 11,000 $57,500 $3,000 5,000 2,000 Accumulated depreciation, equipment. Accounts payable Taxes payable.. Dividends payable.. Common stock, $10 par value Contributed capital in excess of par, common stock Retained earnings. 25,000 5,000 6,000 $46,000...
Question 3 Sedoya Corp. reported the following information on its 2015 and 2014 financial statements: 2015 2014 Change Cash Accounts Receivable Investments Property & Equipment Accumulated Depreciation Total Assets 67,000 181,000 52,000 298,000 (106,000) 492,000 78,000 185,000 74,000 240,000 (89,000) 488,000 (11,000) (4,000) (22,000) 58,000 (17,000) (16,000) Current Liabilities Capital Stock Retained Earnings Total Liabilities and Equity 135,000 160,000 197,000 492,000 151,000 160,000 177,000 488,000 20,000 Sedoya reported net income for 2015 of $60,000, including a gain on investments of...
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