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HW10#10: BALANCE SHEET REPORTING OF LONG-TERM LIABILITIES: The adjusted trial balance for Helton Corporation at Dec...
Reporting and Interpreting Bond Disclosures The adjusted trial balance for the Hass Corporation at the end...
Reporting and Interpreting Bond Disclosures The adjusted trial balance for the Hass Corporation at the end of 2015 contains the following accounts: $30,000 Bond Interest Payable 550,000 9% Bonds Payable due 2017 600,000 10% Bonds Payable due 2016 21,000 Discount on 9% Bonds Payable 3,000 Premium on 8% Bonds Payable 180,000 Zero-Coupon Bonds Payable due 2018 110,000 8% Bonds Payable due 2020 Prepare the long-term liabilities section of the balance sheet. Indicate the proper balance sheet classification for accounts listed...
The balance sheet for Vernon Corporation follows: Current assets $ 246,000 Long-term assets (net) 761,000 Total...
The balance sheet for Vernon Corporation follows: Current assets $ 246,000 Long-term assets (net) 761,000 Total assets $ 1,007,000 Current liabilities $ 155,000 Long-term liabilities 457,000 Total liabilities 612,000 Common stock and retained earnings 395,000 Total liabilities and stockholders’ equity $ 1,007,000 Required Compute the following. (Round "Ratios" to 1 decimal place.) Working capital Current ratio Debt to assets ratio % Debt to equity ratio Following is the balance sheet of Adams Company for 2018: ADAMS COMPANY Balance sheet Assets...
The balance sheet for Munoz Corporation follows: Current assets Long-term assets (net) Total assets Current liabilities...
The balance sheet for Munoz Corporation follows: Current assets Long-term assets (net) Total assets Current liabilities Long-term liabilities Total liabilities Common stock and retained earnings Total liabilities and stockholders' equity $ 235,000 762,000 $997,000 $160,000 457,000 617,000 380,000 $997,000 Required Compute the following. (Round "Ratios" to 1 decimal place.) ace Working capital Current ratio Debt to assets ratio Debt to equity ratio
The balance sheet for Gibson Corporation follows: Current assets Long-term assets (net) Total assets Current liabilities...
The balance sheet for Gibson Corporation follows: Current assets Long-term assets (net) Total assets Current liabilities Long-term liabilities Total liabilities Connon stock and retained earnings Total liabilities and stockholders' equity $ 231,000 757,eee $988, eee $156,888 459,eee 615, eee 373,600 $988,eee Required Compute the following. (Round "Ratios" to 1 decimal place.) Working capital Current ratio Debt to assets ratio Debt to equity ratio 29
Chapter 14 Long-Term Liabilities Directed Reading Guide LO1. How are long-term notes payable and mortgages payable...
Chapter 14 Long-Term Liabilities Directed Reading Guide LO1. How are long-term notes payable and mortgages payable accounted for? In your own words, what is a long-term liability? Long term-liabilities are liabilities that do not need to be paid within one year or within the entity’s operating cycle, whichever is longer. Both long-term notes payable and mortgages payable are common long-term liabilities. To record the purchase of a building for $150,000, paying $100,000 in cash and signing a 30-year mortgage...
Cash Equity Long-term debr Long-term investments Ner property and equipment Other assets Other long-term liabilities 1J0,000...
Cash Equity Long-term debr Long-term investments Ner property and equipment Other assets Other long-term liabilities 1J0,000 120,000 100,000 150,000 40,000 10,000 4.5 Consider the following balance sheet: BestCare HMO Balance Sheet June 30, 2015 (in thousands) Assets Current Assets: Cash Net premiums receivable Supplies Total current assets Net property and equipment Total assets $2,737 821 387 $3,945 5,924 $9,869 Liabilities and Net Assets Accounts payable-medical services Accrued expenses $2,145 929 Notes payable Total current liabilities Long-term debt 382 Total liabilities...
The adjusted trial balance for Berk Corporation at December 31, 2019 contained the following accounts: Short-term...
The adjusted trial balance for Berk Corporation at December 31, 2019 contained the following accounts: Short-term Investments, at fair value ............ Investments in stock of 20-50% owned companies, at equity...... Bonds payable, 10% due 2025 ......... Interest payable............. Discount on bonds payable. .................. Lease liability Mortgage notes payable, 9%, due 2030...... Accounts payable..... $ 150,000 180,000 1,000,000 50,000 20,000 50,000 200,000 90,000 Instructions: Prepare the "partial" Balance Sheet of the Berk Corporation in "good" form. Be sure to classify the...
Balance Sheet Assets Liabilities Current Assets Current Liabilities Cash . . . . . . ....
Balance Sheet Assets Liabilities Current Assets Current Liabilities Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 48 Accounts payable . . . . . . . . . . . . . . . . . . . . . 36 Accounts receivable . . . . . . . . . . . . . . ....
JUST DEW IT CORPORATION 2017 and 2018 Balance Sheets 2018 11250Accounts payable Assets Liabilities and Owners...
JUST DEW IT CORPORATION 2017 and 2018 Balance Sheets 2018 11250Accounts payable Assets Liabilities and Owners Equity 2017 2017 2018 Current assets Current liabilities s 9.000 Cash $ 70,000 73,250 31,000 Accounts Inventory Total 12000 24750Notes payable 72000 93750 receivable 23,800 $ 103,000 $ 129.750 $ 93,800 $104.250 $ 42.000$ 40,000 Common stock and paid-in s 50,000 50.000 214.200 305.750 $264,200 $355,750 Total liablities and owners' $400,000 $500,000 Total Long-term debt Owners equity surplus Retained earnings Net plant and equipment...
The balance sheet for Jordan Corporation follows: Current as sets $ 250,000 766,000 Long-term assets (net)...
The balance sheet for Jordan Corporation follows: Current as sets $ 250,000 766,000 Long-term assets (net) Total assets $1,016,000 Current liabilities $ 155,000 445,000 600,000 416,000 Long-term liabilities Total liabilities Common stock and retained earnings Total liabilities and stockholders' equity $1,016,000 Required Compute the following. (Round "Ratios" to 1 decimal place.) Working capital Current ratio % Debt to assets ratio Debt to equity ratio
The balance sheet for Munoz Corporation follows: Current assets Long-term assets (net) Total assets Current liabilities Long-term liabilities Total liabilities Common stock and retained earnings Total liabilities and stockholders' equity $ 235,000 762,000 $997,000 $160,000 457,000 617,000 380,000 $997,000 Required Compute the following. (Round "Ratios" to 1 decimal place.) ace Working capital Current ratio Debt to assets ratio Debt to equity ratio
The balance sheet for Gibson Corporation follows: Current assets Long-term assets (net) Total assets Current liabilities Long-term liabilities Total liabilities Connon stock and retained earnings Total liabilities and stockholders' equity $ 231,000 757,eee $988, eee $156,888 459,eee 615, eee 373,600 $988,eee Required Compute the following. (Round "Ratios" to 1 decimal place.) Working capital Current ratio Debt to assets ratio Debt to equity ratio 29
Cash Equity Long-term debr Long-term investments Ner property and equipment Other assets Other long-term liabilities 1J0,000 120,000 100,000 150,000 40,000 10,000 4.5 Consider the following balance sheet: BestCare HMO Balance Sheet June 30, 2015 (in thousands) Assets Current Assets: Cash Net premiums receivable Supplies Total current assets Net property and equipment Total assets $2,737 821 387 $3,945 5,924 $9,869 Liabilities and Net Assets Accounts payable-medical services Accrued expenses $2,145 929 Notes payable Total current liabilities Long-term debt 382 Total liabilities...
The adjusted trial balance for Berk Corporation at December 31, 2019 contained the following accounts: Short-term Investments, at fair value ............ Investments in stock of 20-50% owned companies, at equity...... Bonds payable, 10% due 2025 ......... Interest payable............. Discount on bonds payable. .................. Lease liability Mortgage notes payable, 9%, due 2030...... Accounts payable..... $ 150,000 180,000 1,000,000 50,000 20,000 50,000 200,000 90,000 Instructions: Prepare the "partial" Balance Sheet of the Berk Corporation in "good" form. Be sure to classify the...
JUST DEW IT CORPORATION 2017 and 2018 Balance Sheets 2018 11250Accounts payable Assets Liabilities and Owners Equity 2017 2017 2018 Current assets Current liabilities s 9.000 Cash $ 70,000 73,250 31,000 Accounts Inventory Total 12000 24750Notes payable 72000 93750 receivable 23,800 $ 103,000 $ 129.750 $ 93,800 $104.250 $ 42.000$ 40,000 Common stock and paid-in s 50,000 50.000 214.200 305.750 $264,200 $355,750 Total liablities and owners' $400,000 $500,000 Total Long-term debt Owners equity surplus Retained earnings Net plant and equipment...
The balance sheet for Jordan Corporation follows: Current as sets $ 250,000 766,000 Long-term assets (net) Total assets $1,016,000 Current liabilities $ 155,000 445,000 600,000 416,000 Long-term liabilities Total liabilities Common stock and retained earnings Total liabilities and stockholders' equity $1,016,000 Required Compute the following. (Round "Ratios" to 1 decimal place.) Working capital Current ratio % Debt to assets ratio Debt to equity ratio
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