Question

Halbur Company reported total assets of $150,000, current assets of $60,000, total stockholders equity of $60,000, and non c

0 0
Add a comment Improve this question Transcribed image text
Answer #1

Total assets=Total equity+Total liabilities

Total liabilities=(150,000-60,000)=$90,000

Total liabilities=Current liabilities+Non current liabilities

Hence current liabilities=$90,000-$65,000

=$25,000

Add a comment
Know the answer?
Add Answer to:
Halbur Company reported total assets of $150,000, current assets of $60,000, total stockholders' equity of $60,000, and...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Beginning of the year: Total Assets. $129,000 Total liabilities (a) Total Owner's Equity $85,000 End of...

    Beginning of the year: Total Assets. $129,000 Total liabilities (a) Total Owner's Equity $85,000 End of year: Total Assets 180,000 Total Liabilities 50,000 Total Owner's equity 130,000 Changes during year in owner's equity: Additional Investments 25,000 Drawings (b) Total Revenues. 100,000 Total Expenses 65,000 Please solve for a&b and show the calculations.

  • This year, Sampson Company reported total assets of $2,350,000, total liabilities of $700,000, and total stockholders’...

    This year, Sampson Company reported total assets of $2,350,000, total liabilities of $700,000, and total stockholders’ equity of $1,650,000. Last year, it reported total assets of $1,650,000, total liabilities of $650,000, and total stockholders’ equity of $1,000,000. For the two years, average total assets were $2,000,000 and average total stockholders’ equity was $1,325,000. Compute the equity multiplier. A. 1.51 B. 1.42 C. 0.42 D. 0.51 Match the term and the definition Terms 1. Indicates the relative proportions of debt and...

  • Stockholder's Equity Company Assets = Liabilities Common Retained + Stocks + Earnings A      ? =...

    Stockholder's Equity Company Assets = Liabilities Common Retained + Stocks + Earnings A      ? = $ 30,000 + $ 50,000 + $ 62,000 B $   50,000 =     ? + $ 10,000 + $ 25,000 C $   85,000 = $ 20,000 +       ? + $ 40,000 D $ 125,000 = $ 60,000 + $   100,000 +      ?

  • Assets Current Assets Cash Accounts receivable Liabilities and Stockholders' Equity Current liabilities Accounts payable 640,000 Notes...

    Assets Current Assets Cash Accounts receivable Liabilities and Stockholders' Equity Current liabilities Accounts payable 640,000 Notes payable to banks 120,000 150,000 ($ less Accrued wages allowance for doubtful accounts of $10,000) 1,170,000 80,000 1,190,000 Inventory Taxes Owed Total current liabilities Long-term debt 1,620,000 $ 020, TO Total current assets Land Plant and equipment ($2,330,000 less accumulated depreciation 1,400,000 4,610,000 Stockholders' equity Common stock ($1 par, 610,000 shares authorized, 580,000 outstanding) Retained earnings Total stockholders' equity $ Total liabilities and equity...

  • The classified balance sheet for a company reported current assets of $1,624,125, total liabilities of $810,540,...

    The classified balance sheet for a company reported current assets of $1,624,125, total liabilities of $810,540, common stock of $1,110,000, and retained earnings of $141,260. The current ratio was 2.5. Which of the following statements is not correct? 1. Total Assets are $2,061,800. 2. Total Stockholders’ equity is $1,251,260. 3. Noncurrent liabilities are $141,260. 4The amount of current assets is 2.5 times the amount of current liabilities.

  • A firm has total assets of $1.930,000 and stockholders equity is $612,000. What is the debt...

    A firm has total assets of $1.930,000 and stockholders equity is $612,000. What is the debt to total asset ratio? (Round your answer to the nearest whole percent.) Multiple Choice O O 84% 68% O a None of the items A firm's long-term assets = $60,000, total assets = $210,000, inventory $25,000 and current liabilities $40,000. What are the firm's current ratio and quick ratio? Round your answer to 1 decimal place.) Multiple Choice Current ratio-88, quick ratio - 1...

  • At the beginning of 2011, Bonds Company had total assets of $650,000 and total liabilities of...

    At the beginning of 2011, Bonds Company had total assets of $650,000 and total liabilities of $390,000. Answer each of the following questions.                               1. If total assets increased $60,000 and stockholders' equity decreased $90,000 during the year, determine the amount of total liabilities at the end of the year.                               2. During the year, total liabilities decreased $75,000 and stockholders' equity increased $50,000. Compute the amount of...

  • how they got 9% for change% for the total Equity and liability Particulars | Current assets...

    how they got 9% for change% for the total Equity and liability Particulars | Current assets Property, plant and equipment Total Assets Current liabilities Non-current liabilities Total Liabilities Share capital, S1 each Retained earnings Total Equity Total Liabilities and Equity Horizontal analysis June 30, June 30, 2017 2016 $96.000 $88.000 $680,000 $630,000 $776,000 $718,000 $45,000 $50,000 $72.000 $78,000 $117,000 $128.000 $450,000 $365,000 $209,000 $225,000 $659,000 $590,000 $776,000 $718,000 Change in dollars $8.000 $50.000 $58.000 ($5,000) (S6,000) ($11,000 $85,000 ($16.000) $69.000...

  • Cash Prepaid Insurance $ 25,000 40,000 Accounts Payable Salaries and Wages Payable Mortgage Payable $ 60,000...

    Cash Prepaid Insurance $ 25,000 40,000 Accounts Payable Salaries and Wages Payable Mortgage Payable $ 60,000 25,000 85,000 Total Liabilities 170,000 Accounts 50,000 Receivable Inventory 80,000 Land Held for 75,000 Investment Land 120,000 Building $110,000 Less Accumulated Depreciation (20,000) 90,000 Trademark 70,000 Total Assets $550,000 Owner's Capital 380,000 Total Liabilities and Owner's $550,000 Equity The total dollar amount of liabilities to be classified as current liabilities is O a) $60,000 Ob) $85,000. Oc) $25,000 d) $170,000.

  • At the end of 2017, Alphabet, Inc., reported stockholders’ equity of $152,502 million and total assets...

    At the end of 2017, Alphabet, Inc., reported stockholders’ equity of $152,502 million and total assets of $197,295 million. Its balance in stockholders’ equity at the end of 2016 was $139,036 million. Net income in 2017 was $12,662 million. a. Calculate Alphabet, Inc., return on equity ratio for 2017. (Round your answer to one decimal place.) b. Calculate its debt-to-equity ratio as of December 31, 2017. (Hint: Apply the accounting equation to determine total liabilities.) Round your answer to one...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT