Here is selected financial statement data regarding a company's balance sheet. Dec. 31, 2018 Dec. 31,...
Here is selected financial statement data regarding a company's balance sheet.
| Dec. 31, 2018 | Dec. 31, 2017 | |
| Assets | ||
| Investments, long-term | $ 14,000,000 | $ 10,000,000 |
| Liabilities and Stockholders' Equity | ||
| Bonds payable | $ 10,000,000 | $ 4,000,000 |
| ... | ||
| Common stock | 800,000 | 800,000 |
| Paid-in capital in excess of par value | 120,000 | 120,000 |
| Retained earnings | 1,800,000 | 1,470,000 |
| Total stockholders' equity | 2,720,000 | 2,390,000 |
During the year, the company sold investments with an original cost of $2,000,000 for $2,400,000.
In the statement of cash flows, the significant non-cash activities section should show a significant non-cash activity for $ ______
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Here is selected financial statement data regarding a company's
balance sheet.
Dec. 31, 2018
Dec. 31,...
Here is selected financial statement data regarding a company's balance sheet. Liabilities and Stockholders' EquityDec. 31,...
Here is selected financial statement data regarding a company's balance sheet. Liabilities and Stockholders' EquityDec. 31, 2018Dec. 31, 2017Liabilities:Bonds payable$ 15,300,000$ 20,300,000Total liabilities$ 15,300,000$ 20,300,000Stockholders' equity:Preferred stock $ 16,600,000$ 11,600,000Common stock600,000600,000Paid-in capital in excess of par value840,000840,000Retained earnings913,000799,000Total stockholders' equity$ 18,953,000$ 13,839,000 In the statement of cash flows, the significant non-cash activities section should show a significant non-cash activity for $
Here is selected financial statement data regarding a company's intangible assets. Balance Sheet: Dec 31, 2018...
Here is selected financial statement data regarding a company's intangible assets. Balance Sheet: Dec 31, 2018 Dec 31, 2017 Intangible assets, net $ 567,000 $ 888,000 Income Statement: Amortization expense Loss on sale of intangible assets 2018 $ 255,000 22,000 During the year, the company sold intangible assets for $200,000 cash. In the statement of cash flows, the investing activities section should show a cash disbursement for "purchases of intangible assets" for $ Input number as is, without negative signs,...
Here is selected financial statement data regarding a company's long-term investments. Balance Sheet: Investments, long-term Dec...
Here is selected financial statement data regarding a company's long-term investments. Balance Sheet: Investments, long-term Dec 31, 2018 $ 9,400,000 Dec 31, 2017 $ 9,700,000 2018 Income Statement: Loss on sale of long-term investments 109,000 During the year, the company purchased $1,053,000 of long-term investments. In the statement of cash flows, the investing activities section should show a cash receipt for "sale of long-term investments" for $
Here is selected financial statement data regarding a company's property, plant, and equipment. Balance Sheet: Property,...
Here is selected financial statement data regarding a company's property, plant, and equipment. Balance Sheet: Property, plant, and equipment Accumulated depreciation Dec 31, 2018 $ 800,000 142,000 Dec 31, 2017 $ 559,00 86,01 2018 Income Statement: Depreciation expense Loss on sale of property, plant, and equipment $ 90,000 19,000 During the year, PPE with a book value of $48,000 were sold. In the statement of cash flows, the investing activities section should show a cash disbursement for "purchases of property,...
Here is selected financial statement data regarding a company's property, plant, and equipment. Balance Sheet: Property,...
Here is selected financial statement data regarding a company's property, plant, and equipment. Balance Sheet: Property, plant, and equipment Accumulated depreciation Dec 31, 2018 $ 144,000 48,000 Dec 31, 2017 $ 60,000 13,000 Income Statement: Depreciation expense Gain on sale of property, plant, and equipment 2018 $ 42,000 3,000 Acquisitions of PPE were $110,000 during the year. In the statement of cash flows, the investing activities section should show a cash receipt from "sales of property, plant, and equipment" for...
Here is selected financial statement data regarding a company's intangible assets. Balance Sheet:Dec. 31, 2018Dec. 31,...
Here is selected financial statement data regarding a company's intangible assets. Balance Sheet:Dec. 31, 2018Dec. 31, 2017Intangible assets, net$ 296,000$ 225,000Income Statement:2018Amortization expense$ 10,000Loss on sale of intangible assets9,000 During the year, the company sold intangible assets for $36,000 cash. In the statement of cash flows, the investing activities section should show a cash disbursement for "purchases of intangible assets" for $
Dec 31, 2018 A comparative balance sheet for Rocker Company appears below: ROCKER COMPANY Comparative Balance She...
Dec 31, 2018 A comparative balance sheet for Rocker Company appears below: ROCKER COMPANY Comparative Balance Sheet Dec 31, 2019 Assets Cash $ 34,000 Accounts receivable 18,000 Inventory 25,000 Prepaid expenses 6,000 Long-term investments Equipment 60,000 Accumulated depreciation equipment (20,000) Total assets $123,000 Liabilities and Stockholders' Equity Accounts payable $ 17.000 Bonds payable 36.000 Common stock 40,000 Retained earnings Total liabilities and stockholders' equity $123,000 $11,000 13,000 17.000 9,000 17.000 33,000 (15,000) $85.000 $ 7.000 45,000 23,000 30,000 10.000 $85.000...
Statement of Cash Flows-Indirect Method The comparative balance sheet of Olson-Jones Industries Inc. for December 31,...
Statement of Cash Flows-Indirect Method The comparative balance sheet of Olson-Jones Industries Inc. for December 31, 20Y2 and 2041, is as follows: Dec. 31, 20Y2 Dec. 31, 20Y1 Assets Cash $128 Accounts receivable (net) Inventories Land Equipment Accumulated depreciation-equipment (16) Total Assets $395 $269 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) Dividends payable Common stock, $1 par Paid-in capital: Excess of issue price over par- common stock Retained earnings 244 Total liabilities and stockholders' equity $395 The following additional...
Statement of Cash Flows—Indirect Method The comparative balance sheet of Whitman Co. at December 31, 20Y2 and 20Y1, is as follows: Dec. 31, 20Y2 Dec. 31, 20Y1 Assets Cash $ 809,500 $ 869,830 Accounts...
Statement of Cash Flows—Indirect Method The comparative balance sheet of Whitman Co. at December 31, 20Y2 and 20Y1, is as follows: Dec. 31, 20Y2 Dec. 31, 20Y1 Assets Cash $ 809,500 $ 869,830 Accounts receivable (net) 736,650 671,890 Inventories 1,117,110 1,028,070 Prepaid expenses 25,900 30,760 Land 278,470 420,940 Buildings 1,287,110 793,310 Accumulated depreciation-buildings (364,280) (339,990) Equipment 453,320 400,700 Accumulated depreciation-equipment (124,660) (140,040) Total assets $4,219,120 $3,735,470 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) $ 801,630 $ 845,930 Bonds payable...
Statement of Cash Flows—Indirect Method The comparative balance sheet of Merrick Equipment Co. for December 31,...
Statement of Cash Flows—Indirect Method The comparative balance sheet of Merrick Equipment Co. for December 31, 20Y9 and 20Y8, is as follows: Dec. 31, 20Y9 Dec. 31, 20Y8 Assets Cash $265,010 $248,220 Accounts receivable (net) 96,000 89,150 Inventories 271,010 263,960 Investments 0 102,260 Land 139,000 0 Equipment 299,010 233,370 Accumulated depreciation—equipment (70,000) (62,930) Total assets $1,000,030 $874,030 Liabilities and Stockholders' Equity Accounts payable $181,010 $172,180 Accrued expenses payable 18,000 22,720 Dividends payable 10,000 7,870 Common stock, $10 par 54,000 42,830...
Here is selected financial statement data regarding a company's intangible assets. Balance Sheet: Dec 31, 2018 Dec 31, 2017 Intangible assets, net $ 567,000 $ 888,000 Income Statement: Amortization expense Loss on sale of intangible assets 2018 $ 255,000 22,000 During the year, the company sold intangible assets for $200,000 cash. In the statement of cash flows, the investing activities section should show a cash disbursement for "purchases of intangible assets" for $ Input number as is, without negative signs,...
Here is selected financial statement data regarding a company's long-term investments. Balance Sheet: Investments, long-term Dec 31, 2018 $ 9,400,000 Dec 31, 2017 $ 9,700,000 2018 Income Statement: Loss on sale of long-term investments 109,000 During the year, the company purchased $1,053,000 of long-term investments. In the statement of cash flows, the investing activities section should show a cash receipt for "sale of long-term investments" for $
Here is selected financial statement data regarding a company's property, plant, and equipment. Balance Sheet: Property, plant, and equipment Accumulated depreciation Dec 31, 2018 $ 800,000 142,000 Dec 31, 2017 $ 559,00 86,01 2018 Income Statement: Depreciation expense Loss on sale of property, plant, and equipment $ 90,000 19,000 During the year, PPE with a book value of $48,000 were sold. In the statement of cash flows, the investing activities section should show a cash disbursement for "purchases of property,...
Here is selected financial statement data regarding a company's property, plant, and equipment. Balance Sheet: Property, plant, and equipment Accumulated depreciation Dec 31, 2018 $ 144,000 48,000 Dec 31, 2017 $ 60,000 13,000 Income Statement: Depreciation expense Gain on sale of property, plant, and equipment 2018 $ 42,000 3,000 Acquisitions of PPE were $110,000 during the year. In the statement of cash flows, the investing activities section should show a cash receipt from "sales of property, plant, and equipment" for...
Dec 31, 2018 A comparative balance sheet for Rocker Company appears below: ROCKER COMPANY Comparative Balance Sheet Dec 31, 2019 Assets Cash $ 34,000 Accounts receivable 18,000 Inventory 25,000 Prepaid expenses 6,000 Long-term investments Equipment 60,000 Accumulated depreciation equipment (20,000) Total assets $123,000 Liabilities and Stockholders' Equity Accounts payable $ 17.000 Bonds payable 36.000 Common stock 40,000 Retained earnings Total liabilities and stockholders' equity $123,000 $11,000 13,000 17.000 9,000 17.000 33,000 (15,000) $85.000 $ 7.000 45,000 23,000 30,000 10.000 $85.000...
Statement of Cash Flows-Indirect Method The comparative balance sheet of Olson-Jones Industries Inc. for December 31, 20Y2 and 2041, is as follows: Dec. 31, 20Y2 Dec. 31, 20Y1 Assets Cash $128 Accounts receivable (net) Inventories Land Equipment Accumulated depreciation-equipment (16) Total Assets $395 $269 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) Dividends payable Common stock, $1 par Paid-in capital: Excess of issue price over par- common stock Retained earnings 244 Total liabilities and stockholders' equity $395 The following additional...
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