Homework Answers
| Change in Crystal Lodging's Assets = Increase in Liabilities + Increase in Stockholders' Equity |
| Change in Crystal Lodging's Assets = 90000+37500 = $127500 increase |
| Option 2 is correct |
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Crystal Lodging recorded $330,000 in revenues, $247,500 in expenses, and $45,000 of dividends for the year....
A company began the year with assets of $112,000, liabilities of $26,000, and stockholders' equity of...
A company began the year with assets of $112,000, liabilities of $26,000, and stockholders' equity of $86,000. During the year assets increased $56,200 and stockholders' equity increased $22,400. What was the change in liabilities for the year? Multiple Choice Increase of $78,600 Increase of $33,800 Decrease of $78,600 Decrease of $33,800
Audient began the year with assets of $111,000, liabilities of $25,500, and stockholders' equity of $85,500....
Audient began the year with assets of $111,000, liabilities of $25,500, and stockholders' equity of $85,500. During the year assets increased $56,100 and stockholders' equity increased $22,200. What was the change in liabilities for the year? Multiple Choice Decrease of $33,900 O Increase of $33,900 O Decrease of $78,300 Increase of $78,300
A company began the year with assets of $111,000, liabilities of $25,500, and stockholders' equity of...
A company began the year with assets of $111,000, liabilities of $25,500, and stockholders' equity of $85,500. During the year assets increased $56,100 and stockholders' equity increased $22,200. What was the change in liabilities for the year? Multiple Choice Ο Decrease of $78,300 Ο Decrease of $33,900 Ο Increase of $78,300 Ο Increase of $33,900
answer each question with an explnation of each answer please 12. Multiple Choice Question 121 Finney...
answer each question with an explnation of each answer
please
12. Multiple Choice Question 121 Finney Company began the year by issuing $80000 of common stock for cash. The company recorded revenues of $740000, expenses of $640000, and paid dividends of $40000. What was Finney's net income for the year? b. $60000 $140000 $100000 $180000 c. d. Answer: 13. Multiple Choice Question 125 A balance sheet shows b. revenues, expenses, and dividends. assets, liabilities, and stockholders' equity. revenues, liabilities, and...
Beyerdynamic began the year with assets of $107,000 and liabilities of $78,500. During the year assets...
Beyerdynamic began the year with assets of $107,000 and liabilities of $78,500. During the year assets increased by $13,400 and liabilities decreased by $9,700. What is the amount of the change in Beyerdynamic's stockholders' equity during the year? Multiple Choice O $23,100 increase $3,700 decrease $3.700 Increase O O $23,100 decrease The Sarbanes-Oxley Act (SOX) requires company executives to sign a report certifying that the financial statements are free of error. True or False True False
Metropolitan Casting Services started the year with total assets of $130,000 and total liabilities of $45,000....
Metropolitan Casting Services started the year with total assets of $130,000 and total liabilities of $45,000. The revenues and the expenses for the year amounted to $130,000 and $50,000, respectively. During the year, the company did not issue any common stock, but it distributed dividends of $60,000. Calculate the amount of increase or decrease in stockholders' equity for the year. A. a $85,000 decrease B. a $60,000 increase C. a $105,000 increase D. a $20,000 increase
Assets totaled $26,150 and liabilities totaled $8,690 at the beginning of the year. During the year,...
Assets totaled $26,150 and liabilities totaled $8,690 at the beginning of the year. During the year, assets decreased by $3,690 and liabilities increased by $2,990. What is the amount of the change in stockholders' equity during the year? Multiple Choice Ο $6,130 increase Ο $700 decrease Ο $6,680 decrease Ο $930 increase
^ last answer is 16,800(its cut off) A company began the year with assets of $107.000,...
^ last answer is 16,800(its cut off)
A company began the year with assets of $107.000, liabilities of $23,500, and stockholders' equity of $83,500. During the year assets increased $55,700 and stockholders' equity increased $21,400. What was the change in liabilities for the year? Multiple Choice o increase of $77300 Decrease of $77100 O Increase of $34.300 O Decrease of $34,300 < Prev 5 of 32 Next > Which of the following would appear in the cash flows from operating...
answer each question with an explnation of each answer please the rest of question 11 9....
answer each question with an explnation of each answer
please
the rest of question 11
9. Multiple Choice Question 102 Which of the following statements is true? a. Amounts received from issuing stock are revenues. b. Amounts received from issued stock are reported on the income statement. Amounts paid out as dividends are not expenses. Amounts paid out as dividends are reported on the income statement. C. d. Answer: 10. Multiple Choice Question 112 An income statement I reports the...
Attempt in Progress Windsor, Inc. began the year with retained earnings of $305000. During the year,...
Attempt in Progress Windsor, Inc. began the year with retained earnings of $305000. During the year, the company issued $402000 of common stock, recorded expenses of $1288000, and paid dividends of $83200. If Windsor's ending retained earnings was $325000, what was the company's revenue for the year? O $1710000 O $1391200 O $1308000 O $1793200 Using the following balance sheet and income statement data, what is the earnings per share? Current assets Current liabilities Average assets Total assets $22600 12000...
A company began the year with assets of $112,000, liabilities of $26,000, and stockholders' equity of $86,000. During the year assets increased $56,200 and stockholders' equity increased $22,400. What was the change in liabilities for the year? Multiple Choice Increase of $78,600 Increase of $33,800 Decrease of $78,600 Decrease of $33,800
Audient began the year with assets of $111,000, liabilities of $25,500, and stockholders' equity of $85,500. During the year assets increased $56,100 and stockholders' equity increased $22,200. What was the change in liabilities for the year? Multiple Choice Decrease of $33,900 O Increase of $33,900 O Decrease of $78,300 Increase of $78,300
A company began the year with assets of $111,000, liabilities of $25,500, and stockholders' equity of $85,500. During the year assets increased $56,100 and stockholders' equity increased $22,200. What was the change in liabilities for the year? Multiple Choice Ο Decrease of $78,300 Ο Decrease of $33,900 Ο Increase of $78,300 Ο Increase of $33,900
answer each question with an explnation of each answer
please
12. Multiple Choice Question 121 Finney Company began the year by issuing $80000 of common stock for cash. The company recorded revenues of $740000, expenses of $640000, and paid dividends of $40000. What was Finney's net income for the year? b. $60000 $140000 $100000 $180000 c. d. Answer: 13. Multiple Choice Question 125 A balance sheet shows b. revenues, expenses, and dividends. assets, liabilities, and stockholders' equity. revenues, liabilities, and...
Beyerdynamic began the year with assets of $107,000 and liabilities of $78,500. During the year assets increased by $13,400 and liabilities decreased by $9,700. What is the amount of the change in Beyerdynamic's stockholders' equity during the year? Multiple Choice O $23,100 increase $3,700 decrease $3.700 Increase O O $23,100 decrease The Sarbanes-Oxley Act (SOX) requires company executives to sign a report certifying that the financial statements are free of error. True or False True False
Assets totaled $26,150 and liabilities totaled $8,690 at the beginning of the year. During the year, assets decreased by $3,690 and liabilities increased by $2,990. What is the amount of the change in stockholders' equity during the year? Multiple Choice Ο $6,130 increase Ο $700 decrease Ο $6,680 decrease Ο $930 increase
^ last answer is 16,800(its cut off)
A company began the year with assets of $107.000, liabilities of $23,500, and stockholders' equity of $83,500. During the year assets increased $55,700 and stockholders' equity increased $21,400. What was the change in liabilities for the year? Multiple Choice o increase of $77300 Decrease of $77100 O Increase of $34.300 O Decrease of $34,300 < Prev 5 of 32 Next > Which of the following would appear in the cash flows from operating...
answer each question with an explnation of each answer
please
the rest of question 11
9. Multiple Choice Question 102 Which of the following statements is true? a. Amounts received from issuing stock are revenues. b. Amounts received from issued stock are reported on the income statement. Amounts paid out as dividends are not expenses. Amounts paid out as dividends are reported on the income statement. C. d. Answer: 10. Multiple Choice Question 112 An income statement I reports the...
Attempt in Progress Windsor, Inc. began the year with retained earnings of $305000. During the year, the company issued $402000 of common stock, recorded expenses of $1288000, and paid dividends of $83200. If Windsor's ending retained earnings was $325000, what was the company's revenue for the year? O $1710000 O $1391200 O $1308000 O $1793200 Using the following balance sheet and income statement data, what is the earnings per share? Current assets Current liabilities Average assets Total assets $22600 12000...
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