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6-12 The current sections of Blues Traveler Co. balance sheets at December 31, 2007 and 2008,...
The current sections of Sunn Inc.'s balance sheets at December 31, 2016 and 2017, are presented...
The current sections of Sunn Inc.'s balance sheets at December 31, 2016 and 2017, are presented here. Sunn Inc.'s net income for 2017 was $153,000. Depreciation expense was $27,000 2017 2016 Current assets Cash Accounts receivable Inventory Prepaid expenses $105,000 80,000 168,000 27,000 $380,000 $99,000 89,000 172,000 22,000 $382,000 Total current assets Current liabilities Accrued expenses payable Accounts payable $15,000 85,000 $100,000 $5,000 92,000 $97,000 Total current liabilities Prepare the net cash provided (used) by operating activitles section of the...
Current Attempt in Progress The current sections of Scoggin Inc.'s balance sheets at December 31, 2019...
Current Attempt in Progress The current sections of Scoggin Inc.'s balance sheets at December 31, 2019 and 2020, are presented here. Scoggin's net income for 2020 was $153,000. Depreciation expense was $24,000. 2019 2018 Current assets Cash Accounts receivable $105,000 110,000 158,000 27,000 $99,000 89,000 172,000 22.000 Inventory Prepaid expenses Total current assets $400,000 $382.000 Current liabilities Accrued expenses payable $15,000 $5,000 Accounts payable 85,000 92.000 Total current liabilities $100,000 $97,000 Scoggin Inc. Partial Statement of Cash Flows Adjustments to...
The current sections of Scoggin Inc.'s balance sheet at December 31, 2016 and 2017, are presented...
The current sections of Scoggin Inc.'s balance sheet at December 31, 2016 and 2017, are presented here. Scoggin's net income for 2017 was $153,000. Depreciation expense was $24,000 2017 2016 Current assets Cash $105,000 $99,000 Accounts Receivable 110,000 89,000 Inventory 158,000 172,000 Prepaid expenses 27,000 23,000 Total current assets $400,000 $ 382,000 Current Liabilities Accrued expense possible $15,000 $. 5,000 Accounts payable 85,000 92,000 Total current liabilities. $100,000 $ 97,000 Prepare the net cash provided by operating activities section on...
Example1 Blair Limited -Statement of Financial Position as at 31 December 2008 2008 2007 ASSETS Non-current...
Example1 Blair Limited -Statement of Financial Position as at 31 December 2008 2008 2007 ASSETS Non-current assets Current assets Inventories Receivables Cash 545,000 410,000 90,000 83,000 45,000 81,000 75,000 64,000 218,000 763,000 220,000 630,000 EQUITY AND LIABILITIES Capital and reserves: $1 ordinary shares Share Premium Account Accumulated profits 150,000 20,000 476,000 646,000 100,000 431,000 531,000 Current liabilities: Trade payables Corporation tax payable 97,000 20,000 69,000 30,000 117,000 763,000 99,000 630,000 Statement of Profit or Loss for the year ended 31...
The current sections of Donny Inc.'s balance sheets at December 31, 2019 and 2020, are presented...
The current sections of Donny Inc.'s balance sheets at December 31, 2019 and 2020, are presented below. Donny's net income for 2020 was $203,000 Depreciation expense was $25,000 2020 2019 Current Assets Cash Accounts Receivable Inventory Prepaid Expenses Total Current Assets $ 115,000 105,000 154,000 27 000 $ 401,000 $ 99,000 89,000 172,000 21,000 $ 381,000 Current Liabilities: Accrued Expenses Payable Accounts Payable Total Curent Liabilities $ 15,000 85,000 $ 100,000 $ 5,000 93.000 $ 98,000 Net cash inflows from...
SUCCESS SYSTEMS Comparative Balance Sheets December 31, 2007 and Mardi 31, 2008 2008 2007 SUCCESS SYSTEMS...
SUCCESS SYSTEMS Comparative Balance Sheets December 31, 2007 and Mardi 31, 2008 2008 2007 SUCCESS SYSTEMS Income Statement For Three Months Ended Mardi 31, 2008 $ 87,266 24,400 680 1,950 $31,850 20,345 52,195 Assets Cash .... Accounts receivable ...... Merchandise Inventory ..... Computer supplies ......... Prepaid insurance ........... Prepaid rent ................. Office equipment ............ Accumuhted depreciation - Office equipment ......... Computer equipment .......... Accumulated depreciation- Computer equipment ..... $ 80,260 5,800 0 775 1,800 875 10,000 1,200 875 10,000 $14,272...
Exercise 12-5 The current sections of Windsor, Inc.’s balance sheets at December 31, 2018 and 2019,...
Exercise 12-5 The current sections of Windsor, Inc.’s balance sheets at December 31, 2018 and 2019, are presented here. Windsor’s net income for 2019 was $152,200. Depreciation expense was $24,500. 2019 2018 Current assets Cash $102,400 $96,100 Accounts receivable 110,900 80,000 Inventory 157,000 172,800 Prepaid expenses 26,800 25,600 Total current assets $397,100 $374,500 Current liabilities Accrued expenses payable $15,800 $8,700 Accounts payable 86,000 95,600 Total current liabilities $101,800 $104,300 Prepare the net cash provided by operating activities section of the...
The current sections of Bramble Corps balance sheets at December 31, 2019 and 2020, are presented...
The current sections of Bramble Corps balance sheets at December 31, 2019 and 2020, are presented here. Bramble's net income for 2020 was $152,400. Depreciation expense was $23,900. 2019 2018 Current assets Cash Accounts receivable Inventory $104,800 $96.200 111,500 79,200 159,000 172,200 26,900 25,400 $402,200 $373,000 Prepaid expenses Total current assets Current liabilities Accrued expenses payable Accounts payable $14.500 84.400 $98,900 $9,800 95.900 $105,700 Total current liabilities Bramble Corp. Partial Statement of Cash Flows Adjustments to reconcile net income to...
Presented here are the comparative balance sheets of Hames Inc. at December 31, 2020 and 2019....
Presented here are the comparative balance sheets of Hames Inc. at December 31, 2020 and 2019. Sales for the year ended December 31, 2020, totaled $650,000. HAMES INC. Balance Sheets December 31, 2020 and 2019 2020 2019 $ 19,000 78,000 103,000 $ 200,000 50,000 125,000 (65,000) $ 310,000 $ 20,000 72,000 99,000 $191,000 40,000 110,000 (60,000) $ 281,000 Assets Cash Accounts receivable Merchandise inventory Total current assets Land Plant and equipment Less: Accumulated depreciation Total assets Liabilities Short-term debt Accounts...
The current sections of Ivanhoe Company's balance sheets at December 31, 2021 and 2022, are presented...
The current sections of Ivanhoe Company's balance sheets at December 31, 2021 and 2022, are presented here. Ivanhoe Company's net income for 2022 was $99,450. Depreciation expense was $17,550. 2022 2021 Current assets Cash Accounts receivable $68,250 52.000 109,200 $64.350 57.850 111,800 Inventory Prepaid expenses Total current assets 17,550 14.300 $247,000 $248,300 Current liabilities Accrued expenses payable $ 9,750 $3,250 Accounts payable 55,250 $65,000 59,800 $63.050 Total current liabilities Prepare the net cash provided (used) by operating activities section of...
The current sections of Sunn Inc.'s balance sheets at December 31, 2016 and 2017, are presented here. Sunn Inc.'s net income for 2017 was $153,000. Depreciation expense was $27,000 2017 2016 Current assets Cash Accounts receivable Inventory Prepaid expenses $105,000 80,000 168,000 27,000 $380,000 $99,000 89,000 172,000 22,000 $382,000 Total current assets Current liabilities Accrued expenses payable Accounts payable $15,000 85,000 $100,000 $5,000 92,000 $97,000 Total current liabilities Prepare the net cash provided (used) by operating activitles section of the...
Current Attempt in Progress The current sections of Scoggin Inc.'s balance sheets at December 31, 2019 and 2020, are presented here. Scoggin's net income for 2020 was $153,000. Depreciation expense was $24,000. 2019 2018 Current assets Cash Accounts receivable $105,000 110,000 158,000 27,000 $99,000 89,000 172,000 22.000 Inventory Prepaid expenses Total current assets $400,000 $382.000 Current liabilities Accrued expenses payable $15,000 $5,000 Accounts payable 85,000 92.000 Total current liabilities $100,000 $97,000 Scoggin Inc. Partial Statement of Cash Flows Adjustments to...
Example1 Blair Limited -Statement of Financial Position as at 31 December 2008 2008 2007 ASSETS Non-current assets Current assets Inventories Receivables Cash 545,000 410,000 90,000 83,000 45,000 81,000 75,000 64,000 218,000 763,000 220,000 630,000 EQUITY AND LIABILITIES Capital and reserves: $1 ordinary shares Share Premium Account Accumulated profits 150,000 20,000 476,000 646,000 100,000 431,000 531,000 Current liabilities: Trade payables Corporation tax payable 97,000 20,000 69,000 30,000 117,000 763,000 99,000 630,000 Statement of Profit or Loss for the year ended 31...
The current sections of Donny Inc.'s balance sheets at December 31, 2019 and 2020, are presented below. Donny's net income for 2020 was $203,000 Depreciation expense was $25,000 2020 2019 Current Assets Cash Accounts Receivable Inventory Prepaid Expenses Total Current Assets $ 115,000 105,000 154,000 27 000 $ 401,000 $ 99,000 89,000 172,000 21,000 $ 381,000 Current Liabilities: Accrued Expenses Payable Accounts Payable Total Curent Liabilities $ 15,000 85,000 $ 100,000 $ 5,000 93.000 $ 98,000 Net cash inflows from...
SUCCESS SYSTEMS Comparative Balance Sheets December 31, 2007 and Mardi 31, 2008 2008 2007 SUCCESS SYSTEMS Income Statement For Three Months Ended Mardi 31, 2008 $ 87,266 24,400 680 1,950 $31,850 20,345 52,195 Assets Cash .... Accounts receivable ...... Merchandise Inventory ..... Computer supplies ......... Prepaid insurance ........... Prepaid rent ................. Office equipment ............ Accumuhted depreciation - Office equipment ......... Computer equipment .......... Accumulated depreciation- Computer equipment ..... $ 80,260 5,800 0 775 1,800 875 10,000 1,200 875 10,000 $14,272...
The current sections of Bramble Corps balance sheets at December 31, 2019 and 2020, are presented here. Bramble's net income for 2020 was $152,400. Depreciation expense was $23,900. 2019 2018 Current assets Cash Accounts receivable Inventory $104,800 $96.200 111,500 79,200 159,000 172,200 26,900 25,400 $402,200 $373,000 Prepaid expenses Total current assets Current liabilities Accrued expenses payable Accounts payable $14.500 84.400 $98,900 $9,800 95.900 $105,700 Total current liabilities Bramble Corp. Partial Statement of Cash Flows Adjustments to reconcile net income to...
Presented here are the comparative balance sheets of Hames Inc. at December 31, 2020 and 2019. Sales for the year ended December 31, 2020, totaled $650,000. HAMES INC. Balance Sheets December 31, 2020 and 2019 2020 2019 $ 19,000 78,000 103,000 $ 200,000 50,000 125,000 (65,000) $ 310,000 $ 20,000 72,000 99,000 $191,000 40,000 110,000 (60,000) $ 281,000 Assets Cash Accounts receivable Merchandise inventory Total current assets Land Plant and equipment Less: Accumulated depreciation Total assets Liabilities Short-term debt Accounts...
The current sections of Ivanhoe Company's balance sheets at December 31, 2021 and 2022, are presented here. Ivanhoe Company's net income for 2022 was $99,450. Depreciation expense was $17,550. 2022 2021 Current assets Cash Accounts receivable $68,250 52.000 109,200 $64.350 57.850 111,800 Inventory Prepaid expenses Total current assets 17,550 14.300 $247,000 $248,300 Current liabilities Accrued expenses payable $ 9,750 $3,250 Accounts payable 55,250 $65,000 59,800 $63.050 Total current liabilities Prepare the net cash provided (used) by operating activities section of...
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