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Problem 12-9A Your answer is partially correct. Try again. Condensed financial data of Vaughn Manufacturing follow...
Your answer is partially correct. Try again. Condensed financial data of Cheng Inc. follow. CHENG INC....
Your answer is partially correct. Try again. Condensed financial data of Cheng Inc. follow. CHENG INC. Comparative Balance Sheets December 31 Assets 2020 2019 Cash Accounts receivable Inventory Prepaid expenses Investments Equipment Accumulated depreciation-equipment Total $116,800 92,000 111,800 29,200 139,100 265,400 (47,900) $706,400 $48,100 32,300 102,000 25,200 113,000 242,300 (51,400) $511,500 Liabilities and Stockholders' Equity Accounts payable Accrued expenses payable Bonds payable Common stock Retained earnings Total $ 111,600 16,300 112,600 220,100 245,800 $706,400 $68,000 17,100 149,000 176,000 101,400 $511,500...
Need assistance with the exercise Problem 12-09A Your answer is partially correct. Try again. Condensed financial...
Need assistance with the exercise
Problem 12-09A Your answer is partially correct. Try again. Condensed financial data of Vaughn Manufacturing follow. Vaughn Manufacturing Comparative Balance Sheets December 31 2021 2022 Assets Cash $145,440 $87,120 158,040 68,400 Accounts receivable 202,500 185,130 Inventory 46,800 Prepaid expenses 51,120 196,200 248,400 Long-term investments 513,000 436,500 Plant assets (90,000) (93,600) Accumulated depreciation $1,228,500 $926,550 Total Liabilities and Stockholders' Equity Accounts payable $183,600 $121,140 Accrued expenses payable 29,700 37,800 Bonds payable 198,000 262,800 396,000 315,000 Common...
Exercise 12-5 Your answer is partially correct. Try again. The following information is available for Bridgeport...
Exercise 12-5 Your answer is partially correct. Try again. The following information is available for Bridgeport Corp. for the year ended December 31, 2017. Beginning cash balance Accounts payable decrease Depreciation expense Accounts receivable increase Inventory increase Net income Cash received for sale of land at book value Cash dividends paid Income taxes payable increase Cash used to purchase building Cash used to purchase treasury stock Cash received from issuing bonds $ 48,690 4,003 175,284 8,872 11,902 307,396 37,870 12,984...
The following information is available for Vaughn Manufacturing for the year ended December 31, 2022. Beginning...
The following information is available for Vaughn Manufacturing for the year ended December 31, 2022. Beginning cash balance $21,600 Accounts payable increase 5,130 Depreciation expense 36,900 Accounts receivable decrease 4,320 Inventory decrease 2,790 Net income 51,480 Cash received for sale of land at book value 93,600 Cash dividends paid 34,200 Income taxes payable decrease 3,510 Cash used to purchase land 72,900 Cash used to redeem bonds 59,400 Cash received from issuing stock 144,000 Vaughn Manufacturing Statement of Cash Flows-Indirect Method...
Condensed financial data of Kingbird Company for 2017 and 2016 are presented below KINGBIRD COMPANY COMPARATIVE...
Condensed financial data of Kingbird Company for 2017 and 2016 are presented below KINGBIRD COMPANY COMPARATIVE BALANCE SHEET AS OF DECEMBER 31, 2017 AND 2016 Cash Receivables Inventory Plant assets Accumulated depreciation Long-term investments (held-to-maturity) 2017 2016 $1,840 $1,170 1,730 1,310 1,580 1,880 1,910 1,700 (1,210) (1,170) 1,310 1,420 $7,160 $6,310 Accounts payable Accrued liabilities Bonds payable Common stock Retained earnings $1,190 $900 260 1,400 1,580 1,880 1,720 2,480 1,850 $7,160 $6,310 210 KINGBIRD COMPANY INCOME STATEMENT FOR THE YEAR...
The answers boxed in red are incorrect. Please help me solve. Problem 17-9A Your answer is...
The answers boxed in red are incorrect. Please help me
solve.
Problem 17-9A Your answer is partially correct. Try again. Condensed financial data of Cheng Inc. follow. CHENG INC. Comparative Balance Sheets December 31 Assets 2017 Cash $105,400 Accounts receivable 91,000 Inventory 111,400 Prepaid expenses 29,700 Investments 139,800 Equipment 264,500 Accumulated depreciation-equipment (46,900) Total $694,900 2016 $48.900 33,700 101,900 25,100 114,100 241,200 (51,600) $513,300 Liabilities and Stockholders' Equity Accounts payable Accrued expenses payable Bonds payable Common stock Retained earnings Total...
please help with all ent Your answer is partially correct. Try again. The comparative balance sheets...
please help with all
ent Your answer is partially correct. Try again. The comparative balance sheets for Hinckley Corporation show the following information. Cash Accounts receivable Inventory Investments Buildings Equipment Patents December 31 2014 2013 $39,720 $14,060 22,400 10,060 19,910 9,800 -0 3,940 -O- 30,730 47,530 20,030 5,2706,910 $134,830 $95,530 Allowance for doubtful accounts Accumulated depreciation-equipment Accumulated depreciation-building Accounts payable Dividends payable Notes payable, short-term (nontrade) Long-term notes payable Common stock Retained earnings $3,010 2,980 -0- 5,270 -0- 2,860 32,230...
Problem 23-9 Your answer is partially correct. Try again Wildhorse Corporation has contracted with you to prepare a sta...
Problem 23-9 Your answer is partially correct. Try again Wildhorse Corporation has contracted with you to prepare a statement of cash flows. The controller has provided the following information December 31 2017 2016 Cash $38,400 $12,800 Accounts receivable 12,300 10,000 12,100 Inventory 10,000 3,000 Equity investments 0 Buildings 29,600 0 39,700 20,100 Equipment 5,000 Copyrights 5,200 107,500 $90,700 Totals Allowance for doubtful accounts $2,900 $4,400 Accumulated depreciation-equipment 2,100 4,500 Accumulated depreciation-buildings 0 6,000 Accounts payable 5,000 4,000 Dividends payable 0...
Pharoah Company Comparative Balance Sheets December 31 Assets 2022 $177,760 2021 $ 106,480 Cash Accounts receivable...
Pharoah Company Comparative Balance Sheets December 31 Assets 2022 $177,760 2021 $ 106,480 Cash Accounts receivable 193,160 83,600 Inventory 247,500 226,270 Prepaid expenses 62,480 57,200 Long-term investments 303,600 239,800 Plant assets 627,000 533,500 Accumulated depreciation (110,000) (114,400 ) Total $1,501,500 $1,132,450 Liabilities and Stockholders' Equity Accounts payable $ 224,400 $ 148,060 Accrued expenses payable 36,300 46,200 Bonds payable 242,000 300 321,200 000 Common stock 484,000 385,000 Retained earnings 514,800 231,990 Total $1,501,500 $1,132,450 Pharoah Company Income Statement Data For the...
Exercise 17-8 Your answer is partially correct. Try again. Here are comparative balance sheets for Velo...
Exercise 17-8 Your answer is partially correct. Try again. Here are comparative balance sheets for Velo Company. VELO COMPANY Comparative Balance Sheets December 31 2016 2017 Assets Cash $73,400 $33,100 Accounts receivable 71,200 85,800 Inventory 170,200 187,000 Land 101,000 72,800 Equipment 260,600 200,800 Accumulated depreciation-equipment (66,100) (33,900) Total $596,700 $559,200 Liabilities and Stockholders' Equity Accounts payable $35,000 $47,500 Bonds payable 151,400 203,400 Common stock ($1 par) 217,600 174,100 Retained earnings 192,700 134,200 Total $596,700 $559,200 Additional information: 1. Net income...
Your answer is partially correct. Try again. Condensed financial data of Cheng Inc. follow. CHENG INC. Comparative Balance Sheets December 31 Assets 2020 2019 Cash Accounts receivable Inventory Prepaid expenses Investments Equipment Accumulated depreciation-equipment Total $116,800 92,000 111,800 29,200 139,100 265,400 (47,900) $706,400 $48,100 32,300 102,000 25,200 113,000 242,300 (51,400) $511,500 Liabilities and Stockholders' Equity Accounts payable Accrued expenses payable Bonds payable Common stock Retained earnings Total $ 111,600 16,300 112,600 220,100 245,800 $706,400 $68,000 17,100 149,000 176,000 101,400 $511,500...
Need assistance with the exercise
Problem 12-09A Your answer is partially correct. Try again. Condensed financial data of Vaughn Manufacturing follow. Vaughn Manufacturing Comparative Balance Sheets December 31 2021 2022 Assets Cash $145,440 $87,120 158,040 68,400 Accounts receivable 202,500 185,130 Inventory 46,800 Prepaid expenses 51,120 196,200 248,400 Long-term investments 513,000 436,500 Plant assets (90,000) (93,600) Accumulated depreciation $1,228,500 $926,550 Total Liabilities and Stockholders' Equity Accounts payable $183,600 $121,140 Accrued expenses payable 29,700 37,800 Bonds payable 198,000 262,800 396,000 315,000 Common...
Exercise 12-5 Your answer is partially correct. Try again. The following information is available for Bridgeport Corp. for the year ended December 31, 2017. Beginning cash balance Accounts payable decrease Depreciation expense Accounts receivable increase Inventory increase Net income Cash received for sale of land at book value Cash dividends paid Income taxes payable increase Cash used to purchase building Cash used to purchase treasury stock Cash received from issuing bonds $ 48,690 4,003 175,284 8,872 11,902 307,396 37,870 12,984...
The following information is available for Vaughn Manufacturing for the year ended December 31, 2022. Beginning cash balance $21,600 Accounts payable increase 5,130 Depreciation expense 36,900 Accounts receivable decrease 4,320 Inventory decrease 2,790 Net income 51,480 Cash received for sale of land at book value 93,600 Cash dividends paid 34,200 Income taxes payable decrease 3,510 Cash used to purchase land 72,900 Cash used to redeem bonds 59,400 Cash received from issuing stock 144,000 Vaughn Manufacturing Statement of Cash Flows-Indirect Method...
Condensed financial data of Kingbird Company for 2017 and 2016 are presented below KINGBIRD COMPANY COMPARATIVE BALANCE SHEET AS OF DECEMBER 31, 2017 AND 2016 Cash Receivables Inventory Plant assets Accumulated depreciation Long-term investments (held-to-maturity) 2017 2016 $1,840 $1,170 1,730 1,310 1,580 1,880 1,910 1,700 (1,210) (1,170) 1,310 1,420 $7,160 $6,310 Accounts payable Accrued liabilities Bonds payable Common stock Retained earnings $1,190 $900 260 1,400 1,580 1,880 1,720 2,480 1,850 $7,160 $6,310 210 KINGBIRD COMPANY INCOME STATEMENT FOR THE YEAR...
The answers boxed in red are incorrect. Please help me
solve.
Problem 17-9A Your answer is partially correct. Try again. Condensed financial data of Cheng Inc. follow. CHENG INC. Comparative Balance Sheets December 31 Assets 2017 Cash $105,400 Accounts receivable 91,000 Inventory 111,400 Prepaid expenses 29,700 Investments 139,800 Equipment 264,500 Accumulated depreciation-equipment (46,900) Total $694,900 2016 $48.900 33,700 101,900 25,100 114,100 241,200 (51,600) $513,300 Liabilities and Stockholders' Equity Accounts payable Accrued expenses payable Bonds payable Common stock Retained earnings Total...
please help with all
ent Your answer is partially correct. Try again. The comparative balance sheets for Hinckley Corporation show the following information. Cash Accounts receivable Inventory Investments Buildings Equipment Patents December 31 2014 2013 $39,720 $14,060 22,400 10,060 19,910 9,800 -0 3,940 -O- 30,730 47,530 20,030 5,2706,910 $134,830 $95,530 Allowance for doubtful accounts Accumulated depreciation-equipment Accumulated depreciation-building Accounts payable Dividends payable Notes payable, short-term (nontrade) Long-term notes payable Common stock Retained earnings $3,010 2,980 -0- 5,270 -0- 2,860 32,230...
Problem 23-9 Your answer is partially correct. Try again Wildhorse Corporation has contracted with you to prepare a statement of cash flows. The controller has provided the following information December 31 2017 2016 Cash $38,400 $12,800 Accounts receivable 12,300 10,000 12,100 Inventory 10,000 3,000 Equity investments 0 Buildings 29,600 0 39,700 20,100 Equipment 5,000 Copyrights 5,200 107,500 $90,700 Totals Allowance for doubtful accounts $2,900 $4,400 Accumulated depreciation-equipment 2,100 4,500 Accumulated depreciation-buildings 0 6,000 Accounts payable 5,000 4,000 Dividends payable 0...
Pharoah Company Comparative Balance Sheets December 31 Assets 2022 $177,760 2021 $ 106,480 Cash Accounts receivable 193,160 83,600 Inventory 247,500 226,270 Prepaid expenses 62,480 57,200 Long-term investments 303,600 239,800 Plant assets 627,000 533,500 Accumulated depreciation (110,000) (114,400 ) Total $1,501,500 $1,132,450 Liabilities and Stockholders' Equity Accounts payable $ 224,400 $ 148,060 Accrued expenses payable 36,300 46,200 Bonds payable 242,000 300 321,200 000 Common stock 484,000 385,000 Retained earnings 514,800 231,990 Total $1,501,500 $1,132,450 Pharoah Company Income Statement Data For the...
Exercise 17-8 Your answer is partially correct. Try again. Here are comparative balance sheets for Velo Company. VELO COMPANY Comparative Balance Sheets December 31 2016 2017 Assets Cash $73,400 $33,100 Accounts receivable 71,200 85,800 Inventory 170,200 187,000 Land 101,000 72,800 Equipment 260,600 200,800 Accumulated depreciation-equipment (66,100) (33,900) Total $596,700 $559,200 Liabilities and Stockholders' Equity Accounts payable $35,000 $47,500 Bonds payable 151,400 203,400 Common stock ($1 par) 217,600 174,100 Retained earnings 192,700 134,200 Total $596,700 $559,200 Additional information: 1. Net income...
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