Homework Answers
Because this statement of retained earnings is for first month of operation so beginning retained earnings in nil. and first month net income from income statement is $112000
and first month dividend paid is $64000
so ending retained earnings is 112000-64000 = $48000
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do you get these answers? Can someone explain in the most
simplistic way, thank you....
Can someone explain the steps of how to do this? Thank you! Stone Culture Corporation was...
Can
someone explain the steps of how to do this? Thank you!
Stone Culture Corporation was organized on January 1, 2017 For its first two years of operations, it reported the following: Net Income for 2017 Net Income for 2018 Dividends for 2017 Dividends for 2018 Total assets at the end of 2017 Total assets at the end of 2018 $ 40,000 45,000 15,000 20,000 125,000 242,000 On the basis of the data given, prepare a statement of retained earnings...
Can someone do this problem in the most simplistic way? Thank you 4. A diver swims...
Can someone do this problem in the most simplistic way? Thank
you
4. A diver swims to a depth of 3.2 m in a freshwater lake. What is the increase in the force pushing in on her eardrum, compared to what it was at the lake surface? The area of the eardrum is 0.60 cm2.
please explain in depth so i can see how to get there.. two different ones At...
please explain in depth so i can see how to get there.. two
different ones
At the beginning of its current fiscal year, Willie Corp.'s balance sheet showed assets of $11,300 and liabilities of $6,900. During the year, liabilities decreased by $800. Net income for the year was $2,550, and net assets at the end of the year were $4,450. There were no changes in paid-in capital during the year. Required: Calculate the dividends, if any, declared during the year....
I need explanation on how to get the answers thank you. The following is a list...
I need explanation on how to get the answers thank you. The following is a list of accounts and their balances (all normal balances) as of September 30, 2018 for Carson Corporation. All adjusting entries have been made and are included in the balances. Cash ................................................................ $35,610 Depreciation expense .......................................... 1,440 Accounts receivable........................................... 24,200 Prepaid insurance ................................................ 6,000 Service revenue ................................................. 29,520 Supplies............................................................... 1,800 Rent expense....................................................... 4,320 Accumulated depreciation – equipment................ 3,840 Accounts payable............................................... 13,200 Unearned service revenue ................................. 11,760...
Can someone show me how to do this? Thanks you Cullumber Medical manufactures hospital beds and...
Can someone show me how to do this? Thanks you
Cullumber Medical manufactures hospital beds and other institutional furniture. The company's comparative balance sheet and income statement for 2015 and 2016 follow. Cullumber Medical Comparative Balance Sheet As of December 31 2016 2015 Assets Current assets Cash $400,000 $417,500 Accounts receivable, net 1,056,000 776,400 Inventory 721,000 681,050 Other current assets 381,300 247,050 Total current assets 2,558,300 2,122,000 Property, plant, & equipment, net 8,710,235 8,439,930 Total assets $11,268,535 $10,561,930 Liabilities and...
Can someone show how to do this question? Thanks you Wildhorse Medical manufactures hospital beds and...
Can someone show how to do this question? Thanks you
Wildhorse Medical manufactures hospital beds and other institutional furniture. The company's comparative balance sheet and income statement for 2015 and 2016 follow. Wildhorse Medical Comparative Balance Sheet As of December 31 2016 2015 Assets Current assets $384,000 $417,450 Cash Accounts receivable, net 1,067,000 776,450 734,000 Inventory 681,100 247,000 Other current assets 383,000 Total current assets 2,568,000 2.122.000 9,499,685 Property, plant, & equipment, net 8,371,345 $12,067,685 $10,493,345 Total assets Liabilities and...
Please explain your answer. Thank you. Learning Objective 5 P1-43A Preparing financial statements Picture Perfect Photography...
Please explain your answer. Thank you.
Learning Objective 5 P1-43A Preparing financial statements Picture Perfect Photography works weddings and prom-type parties. The balance of retained earnings was $16,000 at December 31, 2017. At December 31, 2018, the business's accounting records show these balances: b. Ending Retained Earnings $48,000 Insurance Expense $ 13,000 14,000 Cash Accounts Payable Advertising Expense Service Revenue Dividends $ 6,000 Accounts Receivable 42,000 Notes Payable 11,000 Retained Earnings, Dec. 31, 2018 4,000 Salaries Expense 75,000 Equipment 8,000...
please explain in depth so i can see how to get there The information presented here...
please explain in depth so i can see how to
get there
The information presented here represents selected data from the December 31, 2019, balance sheets and income statements for the year then ended for three firms. Required: Calculate the missing amounts for each firm. Firm A Firm B $ 391,500 Firm C $ 468,000 184,500 126,000 72,000 49,500 Total assets, 12/31/19 Total liabilities, 12/31/19 Paid-in capital, 12/31/19 Retained earnings, 12/31/19 Net income for 2019 Dividends declared and paid during...
Please show me how to get the correct answers. Thank you. The Holtz Corporation acquired 80...
Please show me how to get the correct answers. Thank you.
The Holtz Corporation acquired 80 percent of the 100.000 outstanding voting shares of Devine, Inc., for $7:10 per share on January 1. 2020. The remaining 20 percent of Devine's shares also traded actively at $7.10 per share before and after Holtz's acquisition. An appraisal made on that date determined that all book values appropriately reflected the fair values of Devine's underlying accounts except that a building with a 5-year...
can you please explain how to get the answers as well? that would be great! Thank...
can you please explain how to get the answers as well? that would
be great! Thank you!
Summary information from the financial statements of two companies competing in the same industry follows. areo Kyan Company Company Data from the current year-end balance sheets Assets Cash $ 21.000 1.000 Accounts receivable, not 37,400 54,400 Current notes receivable (trade) 9.800 8.200 Merchandise inventory 84.840 134.500 Prepaid expenses 6,200 7,850 Plant assets, bet 290,000 306,400 Total assets $449,240 $542,350 Barco Kyan Company Company...
Can
someone explain the steps of how to do this? Thank you!
Stone Culture Corporation was organized on January 1, 2017 For its first two years of operations, it reported the following: Net Income for 2017 Net Income for 2018 Dividends for 2017 Dividends for 2018 Total assets at the end of 2017 Total assets at the end of 2018 $ 40,000 45,000 15,000 20,000 125,000 242,000 On the basis of the data given, prepare a statement of retained earnings...
Can someone do this problem in the most simplistic way? Thank
you
4. A diver swims to a depth of 3.2 m in a freshwater lake. What is the increase in the force pushing in on her eardrum, compared to what it was at the lake surface? The area of the eardrum is 0.60 cm2.
please explain in depth so i can see how to get there.. two
different ones
At the beginning of its current fiscal year, Willie Corp.'s balance sheet showed assets of $11,300 and liabilities of $6,900. During the year, liabilities decreased by $800. Net income for the year was $2,550, and net assets at the end of the year were $4,450. There were no changes in paid-in capital during the year. Required: Calculate the dividends, if any, declared during the year....
Can someone show me how to do this? Thanks you
Cullumber Medical manufactures hospital beds and other institutional furniture. The company's comparative balance sheet and income statement for 2015 and 2016 follow. Cullumber Medical Comparative Balance Sheet As of December 31 2016 2015 Assets Current assets Cash $400,000 $417,500 Accounts receivable, net 1,056,000 776,400 Inventory 721,000 681,050 Other current assets 381,300 247,050 Total current assets 2,558,300 2,122,000 Property, plant, & equipment, net 8,710,235 8,439,930 Total assets $11,268,535 $10,561,930 Liabilities and...
Can someone show how to do this question? Thanks you
Wildhorse Medical manufactures hospital beds and other institutional furniture. The company's comparative balance sheet and income statement for 2015 and 2016 follow. Wildhorse Medical Comparative Balance Sheet As of December 31 2016 2015 Assets Current assets $384,000 $417,450 Cash Accounts receivable, net 1,067,000 776,450 734,000 Inventory 681,100 247,000 Other current assets 383,000 Total current assets 2,568,000 2.122.000 9,499,685 Property, plant, & equipment, net 8,371,345 $12,067,685 $10,493,345 Total assets Liabilities and...
Please explain your answer. Thank you.
Learning Objective 5 P1-43A Preparing financial statements Picture Perfect Photography works weddings and prom-type parties. The balance of retained earnings was $16,000 at December 31, 2017. At December 31, 2018, the business's accounting records show these balances: b. Ending Retained Earnings $48,000 Insurance Expense $ 13,000 14,000 Cash Accounts Payable Advertising Expense Service Revenue Dividends $ 6,000 Accounts Receivable 42,000 Notes Payable 11,000 Retained Earnings, Dec. 31, 2018 4,000 Salaries Expense 75,000 Equipment 8,000...
please explain in depth so i can see how to
get there
The information presented here represents selected data from the December 31, 2019, balance sheets and income statements for the year then ended for three firms. Required: Calculate the missing amounts for each firm. Firm A Firm B $ 391,500 Firm C $ 468,000 184,500 126,000 72,000 49,500 Total assets, 12/31/19 Total liabilities, 12/31/19 Paid-in capital, 12/31/19 Retained earnings, 12/31/19 Net income for 2019 Dividends declared and paid during...
Please show me how to get the correct answers. Thank you.
The Holtz Corporation acquired 80 percent of the 100.000 outstanding voting shares of Devine, Inc., for $7:10 per share on January 1. 2020. The remaining 20 percent of Devine's shares also traded actively at $7.10 per share before and after Holtz's acquisition. An appraisal made on that date determined that all book values appropriately reflected the fair values of Devine's underlying accounts except that a building with a 5-year...
can you please explain how to get the answers as well? that would
be great! Thank you!
Summary information from the financial statements of two companies competing in the same industry follows. areo Kyan Company Company Data from the current year-end balance sheets Assets Cash $ 21.000 1.000 Accounts receivable, not 37,400 54,400 Current notes receivable (trade) 9.800 8.200 Merchandise inventory 84.840 134.500 Prepaid expenses 6,200 7,850 Plant assets, bet 290,000 306,400 Total assets $449,240 $542,350 Barco Kyan Company Company...
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