Suppose the following information (in thousands of dollars) is available for Blossom Company—famous for ketchup and...
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Homework Answers
Order of liquidity means the time taken to convert the assets in cash. It is used in the presentation of asset section of balance sheet.
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Suppose the following information (in thousands of dollars) is available for Blossom Company—famous for ketchup and...
Due tonight, please help! Exercise 2-4 Suppose the following information (in thousands of dollars) is available...
Due tonight, please help!
Exercise 2-4 Suppose the following information (in thousands of dollars) is available for Pharoah Company-famous for ketchup and other fine food products for the year ended April 30, 2022 Prepaid insurance Land Goodwill Trademarks Inventory $ 119,400 Buildings 72,400 Cash 3,970,800 Accounts receivable 771,800 Accumulated depreciation-buildings 1,238,100 $4,034,600 377,000 1,205,500 2,132,900 Prepare the assets section of a classified balance sheet. (List current assets in order of liquidity.) Hroncompany Partial Balance Sheet (in thousands) Assets
E2-4 Prepare assets section of a classified balance sheet Suppose the following information (in thousands of...
E2-4 Prepare assets section of a classified balance sheet Suppose the following information (in thousands of dollars) is available for H. J. Heinz Company-famous for ketchup and other fine food products for the year ended April 30, 2017 (LO D, AP Prepaid insurance S 125,765 Land Goodwill Trademarks Inventory 76,193 3,982,954 757,907 1,237,613 Buildings Cash Accounts receivable Accumulated depreciation buildings 2,131,260 $4,033,369 373,145 1,171,797 XLS Instructions Prepare the assets section of a classified balance sheet, listing the items in proper...
ppose the following information (in thousands of dollars) is available for Nash's Trading Post, LLC-famous for...
ppose the following information (in thousands of dollars) is available for Nash's Trading Post, LLC-famous for ketchup and other fine food products-for the year ended April , 2017 repaid insurance $100,000 Buildings $4,000,000 350,000 1,100,000 70,000 Cash 3,900,000 Accounts receivable Trademarks 750,000 Accumulated deprecdation-buildings 1,200,000 Prepare the assets section of a dassified balance sheet. (List current assets in order of liquidity.) Nash's Trading Post, LLC Partial Balance Sheet 140 AM 5 6 9 Nash's Trading Post, LLC Partial Balance Sheet...
I'm not 100% sure about the ones I filled in but fairly sure. Any help on...
I'm not 100% sure about the ones I filled in but
fairly sure. Any help on the remaining spots would be greatly
appreciated.
Exercise 2-04 Suppose the following information (in thousands of dollars) is available for H.J. Heinz Company--famous for ketchup and other fine food products-for the year ended April 30, 2022 Prepaid insurance $ 142,900 Buildings $4,079,300 Land 72,800 Cash 382,000 Goodwill 3,925,500 Accounts receivable 1,181,200 Trademarks 795,400 Accumulated depreciation-buildings 2,195,500 Inventory 1,241,600 Prepare the assets section of a...
You are provided with the following information for Blossom Company, effective as of its April 30,...
You are provided with the following information for Blossom Company, effective as of its April 30, 2022, year-end. $ 840 Accounts payable 840 Accounts receivable Accumulated depreciation-equipment 580 Cash 1,400 Common stock 17,200 Cost of goods sold 1,000 Depreciation expense 365 Dividends 335 Equipment 2,530 Goodwill 1,700 Income tax expense 160 Income taxes payable 145 Insurance expense 300 Interest expense 510 970 Inventory 14,985 Investment in land Land 2,500 Mortgage payable (long-term) 3,700 Notes payable (short-term) 70 Prepaid insurance 70...
The Photos are connected. These items are taken from the financial statements of Blossom Company at...
The Photos are connected.
These items are taken from the financial statements of Blossom Company at December 31, 2022. $84,640 10,080 2,560 9,472 65,920 48,960 624 Buildings Accounts receivable Prepaid insurance Cash Equipment Land Insurance expense Depreciation expense Interest expense Common stock Retained earnings (January 1, 2022) Accumulated depreciation-buildings Accounts payable Notes payable Accumulated depreciation-equipment Interest payable Service revenue 4,240 2,080 48,000 32,000 36,480 7,600 74,880 14,976 2,880 11,760 Prepare a classified balance sheet. Assume that $10,880 of the note...
The following information is available for Ayayai at December 31, 2019 Buildings Accounts Receivable Prepaid Insurance...
The following information is available for Ayayai at December 31, 2019 Buildings Accounts Receivable Prepaid Insurance Cash Equipment Land Insurance Expense Depreciation Expense nterest Expense $100,000 2,570 42,450 11,500 97,580 55,000 Accumulated Depreciation-Equipment 18,520 2,100 14,100 $127,500 Share Capital 14,410 Retained Earnings (beginning) 4,550 Accumulated Depreciation Buildings 16,840 Accounts Payable 60,400 Notes Payable 780 Interest Payable 7,240 2,100 Bowling Revenues Prepare a classified statement of financial position. Assume that $12,900 of the notes payable will be paid in 2020. (List...
Blossom Corporation reported the following information (in thousands) at December 31, 2018: 2018 2017 Long-term investments...
Blossom Corporation reported the following information (in thousands) at December 31, 2018: 2018 2017 Long-term investments $150 $100 290 Land 290 Buildings 330 330 Accumulated depreciation-buildings 80 Equipment 600 360 Accumulated depreciation-equipment 200 200 Additional information: 1. Long-term investments were purchased during the year; none were sold. 2. Equipment was purchased during the year. In addition, equipment with a cost of $130 and a carrying amount of $60 was sold at a gain of $20. Prepare the investing activities section...
The following information is available for Riverbed at December 31, 2019 Buildings Accounts Receivable Prepaid Insurance...
The following information is available for Riverbed at December 31, 2019 Buildings Accounts Receivable Prepaid Insurance Cash Equipment Land Insurance Expense Depreciation Expense Interest Expense $129,900 Share Capital $100,000 29,070 42,570 11,700 97,600 78,000 Accumulated Depreciation-Equipment 18,650 2,350 14,330 14,580 4,760 17,740 60,800 Retained Earnings (beginning) Accumulated Depreciation-Buildings Accounts Payable Notes Payable 780 Interest Payable 7,360 Bowling Revenues 2,350 Prepare a classified statement of financial position. Assume that $14,200 of the notes payable will be paid in 2020. (List Current...
The following information is available for Splish Brothers Inc.: Cash receipts from operating activities Cash payments...
The following information is available for Splish Brothers Inc.: Cash receipts from operating activities Cash payments from operating activities Net cash used by investing Net cash provided by financing Net increase in cash and equivalents Cash and equivalents at start of year Cash and equivalents at year-end (in million) $940 $290 $250 $900 $660 What is the net increase in cash and equivalents? O $640 $1800 $1300 $2460 Use the following data to determine the total dollar amount of assets...
Due tonight, please help!
Exercise 2-4 Suppose the following information (in thousands of dollars) is available for Pharoah Company-famous for ketchup and other fine food products for the year ended April 30, 2022 Prepaid insurance Land Goodwill Trademarks Inventory $ 119,400 Buildings 72,400 Cash 3,970,800 Accounts receivable 771,800 Accumulated depreciation-buildings 1,238,100 $4,034,600 377,000 1,205,500 2,132,900 Prepare the assets section of a classified balance sheet. (List current assets in order of liquidity.) Hroncompany Partial Balance Sheet (in thousands) Assets
E2-4 Prepare assets section of a classified balance sheet Suppose the following information (in thousands of dollars) is available for H. J. Heinz Company-famous for ketchup and other fine food products for the year ended April 30, 2017 (LO D, AP Prepaid insurance S 125,765 Land Goodwill Trademarks Inventory 76,193 3,982,954 757,907 1,237,613 Buildings Cash Accounts receivable Accumulated depreciation buildings 2,131,260 $4,033,369 373,145 1,171,797 XLS Instructions Prepare the assets section of a classified balance sheet, listing the items in proper...
ppose the following information (in thousands of dollars) is available for Nash's Trading Post, LLC-famous for ketchup and other fine food products-for the year ended April , 2017 repaid insurance $100,000 Buildings $4,000,000 350,000 1,100,000 70,000 Cash 3,900,000 Accounts receivable Trademarks 750,000 Accumulated deprecdation-buildings 1,200,000 Prepare the assets section of a dassified balance sheet. (List current assets in order of liquidity.) Nash's Trading Post, LLC Partial Balance Sheet 140 AM 5 6 9 Nash's Trading Post, LLC Partial Balance Sheet...
I'm not 100% sure about the ones I filled in but
fairly sure. Any help on the remaining spots would be greatly
appreciated.
Exercise 2-04 Suppose the following information (in thousands of dollars) is available for H.J. Heinz Company--famous for ketchup and other fine food products-for the year ended April 30, 2022 Prepaid insurance $ 142,900 Buildings $4,079,300 Land 72,800 Cash 382,000 Goodwill 3,925,500 Accounts receivable 1,181,200 Trademarks 795,400 Accumulated depreciation-buildings 2,195,500 Inventory 1,241,600 Prepare the assets section of a...
You are provided with the following information for Blossom Company, effective as of its April 30, 2022, year-end. $ 840 Accounts payable 840 Accounts receivable Accumulated depreciation-equipment 580 Cash 1,400 Common stock 17,200 Cost of goods sold 1,000 Depreciation expense 365 Dividends 335 Equipment 2,530 Goodwill 1,700 Income tax expense 160 Income taxes payable 145 Insurance expense 300 Interest expense 510 970 Inventory 14,985 Investment in land Land 2,500 Mortgage payable (long-term) 3,700 Notes payable (short-term) 70 Prepaid insurance 70...
The Photos are connected.
These items are taken from the financial statements of Blossom Company at December 31, 2022. $84,640 10,080 2,560 9,472 65,920 48,960 624 Buildings Accounts receivable Prepaid insurance Cash Equipment Land Insurance expense Depreciation expense Interest expense Common stock Retained earnings (January 1, 2022) Accumulated depreciation-buildings Accounts payable Notes payable Accumulated depreciation-equipment Interest payable Service revenue 4,240 2,080 48,000 32,000 36,480 7,600 74,880 14,976 2,880 11,760 Prepare a classified balance sheet. Assume that $10,880 of the note...
The following information is available for Ayayai at December 31, 2019 Buildings Accounts Receivable Prepaid Insurance Cash Equipment Land Insurance Expense Depreciation Expense nterest Expense $100,000 2,570 42,450 11,500 97,580 55,000 Accumulated Depreciation-Equipment 18,520 2,100 14,100 $127,500 Share Capital 14,410 Retained Earnings (beginning) 4,550 Accumulated Depreciation Buildings 16,840 Accounts Payable 60,400 Notes Payable 780 Interest Payable 7,240 2,100 Bowling Revenues Prepare a classified statement of financial position. Assume that $12,900 of the notes payable will be paid in 2020. (List...
Blossom Corporation reported the following information (in thousands) at December 31, 2018: 2018 2017 Long-term investments $150 $100 290 Land 290 Buildings 330 330 Accumulated depreciation-buildings 80 Equipment 600 360 Accumulated depreciation-equipment 200 200 Additional information: 1. Long-term investments were purchased during the year; none were sold. 2. Equipment was purchased during the year. In addition, equipment with a cost of $130 and a carrying amount of $60 was sold at a gain of $20. Prepare the investing activities section...
The following information is available for Riverbed at December 31, 2019 Buildings Accounts Receivable Prepaid Insurance Cash Equipment Land Insurance Expense Depreciation Expense Interest Expense $129,900 Share Capital $100,000 29,070 42,570 11,700 97,600 78,000 Accumulated Depreciation-Equipment 18,650 2,350 14,330 14,580 4,760 17,740 60,800 Retained Earnings (beginning) Accumulated Depreciation-Buildings Accounts Payable Notes Payable 780 Interest Payable 7,360 Bowling Revenues 2,350 Prepare a classified statement of financial position. Assume that $14,200 of the notes payable will be paid in 2020. (List Current...
The following information is available for Splish Brothers Inc.: Cash receipts from operating activities Cash payments from operating activities Net cash used by investing Net cash provided by financing Net increase in cash and equivalents Cash and equivalents at start of year Cash and equivalents at year-end (in million) $940 $290 $250 $900 $660 What is the net increase in cash and equivalents? O $640 $1800 $1300 $2460 Use the following data to determine the total dollar amount of assets...
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