Homework Answers
There is only one element in the blance sheet to be classified as an investment and that is stock investment of value 193500. Hence the third option is correct.
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eTextbosk URCESUse the folowing data to determine the total dollar amount of assets to be classifiled...
Use the following data to determine the total dollar amount of assets to be classified as...
Use the following data to determine the total dollar amount of assets to be classified as investments. Cash Accounts receivable Inventory Prepaid insurance $163000 34600 270900 Sheridan Company Balance Sheet December 31, 2022 $125600 Accounts payable 124800 Salaries and wages payable 200800 Mortgage payable 95000 Total liabilities 254500 280500 Common stock 278800 Retained earnings 210000 Total stockholders' equity $1570000 Total liabilities and stockholders' equity $468500 Stock Investments Land $362500 Buildings Less: Accumulated depreciation Trademarks $338500 (59700) 739000 $1101500 Total assets...
Use the following data to determine the total dollar amount of assets to be classified as...
Use the following data to determine the total dollar amount of assets to be classified as current assets. Eddy Auto Supplies Balance Sheet December 31, 2017 Accounts payable Salaries and wages payable Mortgage payable Total liabilities $ 165,000 30,000 270.000 $465,000 Cash $ 126,000 Accounts receivable 120.000 Inventory 210,000 Prepaid insurance 90,000 Stock investments 255,000 Land 285,000 Buildings $339,000 Less: Accumulated depreciation (60,000 279,000 Trademarks 210.000 Total assets $1.575.000 Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders'...
Use the following data to determine the total dollar amount of assets to be classified as...
Use the following data to determine the total dollar amount of assets to be classified as current assets. Eddy Auto Supplies Balance Sheet December 31, 2017 Accounts payable Salaries and wages payable Mortgage payable Total liabilities $ 165,000 30,000 270.000 $465,000 Cash $ 126,000 Accounts receivable 120.000 Inventory 210,000 Prepaid insurance 90,000 Stock investments 255,000 Land 285,000 Buildings $339,000 Less: Accumulated depreciation (60,000 279,000 Trademarks 210.000 Total assets $1.575.000 Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders'...
Use the following data to determine the total dollar amount of assets to be classified as...
Use the following data to determine the total dollar amount of assets to be classified as investments. Ayayai Corp. Balance Sheet December 31, 2022 Cash and cash equivalents $72500 Accounts payable $142000 Accounts receivable 100500 Salaries and wages payable 18700 Inventory 136000 Bonds payable 167500 Prepaid insurance 80000 Total liabilities $328200 Stock investments 194500 Land 186000 Buildings $210000 Common stock $204300 Less: Accumulated depreciation (60500) 149500 Retained earnings 505000 Trademarks 118500 Total stockholders equity $709300 Total assets $1037500 Total liabilities...
Use the following data to determine the total dollar amount of assets to be dassified as...
Use the following data to determine the total dollar amount of assets to be dassified as current assets. Cash and cash equivalents $127000 Sheffield Corp. Balance Sheet December 31, 2022 $67000 Accounts payable Salaries and wages 104500 payable 139000 Bonds payable 79000 Total liabilities Accounts receivable 12000 Inventory 172500 $311500 Prepaid insurance Stock investments 182500 Land 190500 Buildings $208500 Common stock $253500 Less: Accumulated depreciation (55000) 153500 Retained earnings 478500 Trademarks 127500 $732000 Total stockholders equity Total liabilities and stockholders...
Use the following data to determine the total dollar amount of assets to be classified as...
Use the following data to determine the total dollar amount of assets to be classified as current assets. Eddy Auto Supplies Balance Sheet December 31, 2017 Cash Accounts receivable Inventory Prepaid insurance Stodk investmmts Land Buildings Less Accumulated depreciation Trademarks Total assets $ 126,000 120,000 210,000 90,000 255,000 285,000 $ 165,000 30,000 270.000 $465,000 Accounts pavable Salaries and wages payable Mortgage payable Total liabilities Common stock Retained eamins Total stodholders' equity Total liabilities and todholders' equiny $360,000 750.000 $1.110000 $339,000...
Use the following data to determine the total dollar amount of assets to be classified as...
Use the following data to determine the total dollar amount of assets to be classified as current assets. Splish Brothers Inc. Balance Sheet December 31, 2022 Cash and cash equivalents $71500 Accounts payable $138000 Accounts receivable 90000 Salaries and wages payable 12000 Inventory 145000 Bonds payable 160000 Prepaid insurance 82500 Total liabilities $310000 Stock investments 199000 Land 195000 Buildings $217000 Common stock $251000 Less: Accumulated depreciation (66000) 151000 Retained earnings 476500 Trademarks 103500 Total stockholders' equity $727500 Total assets $1037500...
Use the following data to determine the total dollar amount of assets to be classified as...
Use the following data to determine the total dollar amount of assets to be classified as property, plant, and equipment. Bramble Corp Balance Sheet December 31, 2022 Cash $129800 Accounts payable $172500 Accounts receivable 122400 Salaries and wages payable 32500 Inventory 207200 Note payable (due 2025) 267900 Short-term investments 87400 Total liabilities $472900 Land (held for future use) 257500 Land 283000 Buildings $335500 Common stock $363500 Less: Accumulated depreciation (60800) 274700 Retained earnings 734600 Franchise 209000 Total stockholders equity $1098100...
Use the following data to determine the total dollar amount of assets to be classified as...
Use the following data to determine the total dollar amount of assets to be classified as current assets. Pina Colada Corp. Balance Sheet December 31, 2022 Cash and cash equivalents $74000 Accounts payable $137500 Accounts receivable 86000 Salaries and wages payable 17200 Inventory 138500 Bonds payable 157500 $312200 Prepaid insurance 75000 Total liabilities Stock investments 194000 Land 196000 Buildings $207000 Common stock $235300 Less: Accumulated depreciation (67000) 140000 Retained earnings 482000 Trademarks 126000 $717300 Total stockholders' equity Total liabilities and...
DJUDULW9ube bd54450496dab700bb84676 Use the following data to determine the total dollar amount of assets to be...
DJUDULW9ube bd54450496dab700bb84676 Use the following data to determine the total dollar amount of assets to be classified as property, plant, and equipment Cheyenne Corp Balance Sheet December 31, 2022 Cash and cash equivalents $74000 Accounts payable $136000 Accounts receivable 85000 Salaries and wages payable 12800 Inventory 147000 164500 Bonds payable Total liabilities Prepaid insurance 86500 $313300 Stock Investments 186500 Land 196000 Buildings $209000 Common stock $197700 Less: Accumulated depreciation (57000) 152000 Retained earnings 521000 Trademarks 105000 Total stockholders equity $718700...
Use the following data to determine the total dollar amount of assets to be classified as investments. Cash Accounts receivable Inventory Prepaid insurance $163000 34600 270900 Sheridan Company Balance Sheet December 31, 2022 $125600 Accounts payable 124800 Salaries and wages payable 200800 Mortgage payable 95000 Total liabilities 254500 280500 Common stock 278800 Retained earnings 210000 Total stockholders' equity $1570000 Total liabilities and stockholders' equity $468500 Stock Investments Land $362500 Buildings Less: Accumulated depreciation Trademarks $338500 (59700) 739000 $1101500 Total assets...
Use the following data to determine the total dollar amount of assets to be classified as current assets. Eddy Auto Supplies Balance Sheet December 31, 2017 Accounts payable Salaries and wages payable Mortgage payable Total liabilities $ 165,000 30,000 270.000 $465,000 Cash $ 126,000 Accounts receivable 120.000 Inventory 210,000 Prepaid insurance 90,000 Stock investments 255,000 Land 285,000 Buildings $339,000 Less: Accumulated depreciation (60,000 279,000 Trademarks 210.000 Total assets $1.575.000 Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders'...
Use the following data to determine the total dollar amount of assets to be classified as current assets. Eddy Auto Supplies Balance Sheet December 31, 2017 Accounts payable Salaries and wages payable Mortgage payable Total liabilities $ 165,000 30,000 270.000 $465,000 Cash $ 126,000 Accounts receivable 120.000 Inventory 210,000 Prepaid insurance 90,000 Stock investments 255,000 Land 285,000 Buildings $339,000 Less: Accumulated depreciation (60,000 279,000 Trademarks 210.000 Total assets $1.575.000 Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders'...
Use the following data to determine the total dollar amount of assets to be classified as investments. Ayayai Corp. Balance Sheet December 31, 2022 Cash and cash equivalents $72500 Accounts payable $142000 Accounts receivable 100500 Salaries and wages payable 18700 Inventory 136000 Bonds payable 167500 Prepaid insurance 80000 Total liabilities $328200 Stock investments 194500 Land 186000 Buildings $210000 Common stock $204300 Less: Accumulated depreciation (60500) 149500 Retained earnings 505000 Trademarks 118500 Total stockholders equity $709300 Total assets $1037500 Total liabilities...
Use the following data to determine the total dollar amount of assets to be dassified as current assets. Cash and cash equivalents $127000 Sheffield Corp. Balance Sheet December 31, 2022 $67000 Accounts payable Salaries and wages 104500 payable 139000 Bonds payable 79000 Total liabilities Accounts receivable 12000 Inventory 172500 $311500 Prepaid insurance Stock investments 182500 Land 190500 Buildings $208500 Common stock $253500 Less: Accumulated depreciation (55000) 153500 Retained earnings 478500 Trademarks 127500 $732000 Total stockholders equity Total liabilities and stockholders...
Use the following data to determine the total dollar amount of assets to be classified as current assets. Eddy Auto Supplies Balance Sheet December 31, 2017 Cash Accounts receivable Inventory Prepaid insurance Stodk investmmts Land Buildings Less Accumulated depreciation Trademarks Total assets $ 126,000 120,000 210,000 90,000 255,000 285,000 $ 165,000 30,000 270.000 $465,000 Accounts pavable Salaries and wages payable Mortgage payable Total liabilities Common stock Retained eamins Total stodholders' equity Total liabilities and todholders' equiny $360,000 750.000 $1.110000 $339,000...
Use the following data to determine the total dollar amount of assets to be classified as property, plant, and equipment. Bramble Corp Balance Sheet December 31, 2022 Cash $129800 Accounts payable $172500 Accounts receivable 122400 Salaries and wages payable 32500 Inventory 207200 Note payable (due 2025) 267900 Short-term investments 87400 Total liabilities $472900 Land (held for future use) 257500 Land 283000 Buildings $335500 Common stock $363500 Less: Accumulated depreciation (60800) 274700 Retained earnings 734600 Franchise 209000 Total stockholders equity $1098100...
Use the following data to determine the total dollar amount of assets to be classified as current assets. Pina Colada Corp. Balance Sheet December 31, 2022 Cash and cash equivalents $74000 Accounts payable $137500 Accounts receivable 86000 Salaries and wages payable 17200 Inventory 138500 Bonds payable 157500 $312200 Prepaid insurance 75000 Total liabilities Stock investments 194000 Land 196000 Buildings $207000 Common stock $235300 Less: Accumulated depreciation (67000) 140000 Retained earnings 482000 Trademarks 126000 $717300 Total stockholders' equity Total liabilities and...
DJUDULW9ube bd54450496dab700bb84676 Use the following data to determine the total dollar amount of assets to be classified as property, plant, and equipment Cheyenne Corp Balance Sheet December 31, 2022 Cash and cash equivalents $74000 Accounts payable $136000 Accounts receivable 85000 Salaries and wages payable 12800 Inventory 147000 164500 Bonds payable Total liabilities Prepaid insurance 86500 $313300 Stock Investments 186500 Land 196000 Buildings $209000 Common stock $197700 Less: Accumulated depreciation (57000) 152000 Retained earnings 521000 Trademarks 105000 Total stockholders equity $718700...
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