Homework Answers
Answer : $80,000
Permanent Earnings =
Sales Revenue - Cost of Goods Sold -Selling Expenses -Interest expenses
=860,000-520,000 -250,000-10,000 = $80,000
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A company reports the following amounts at the end of the current year:...
Determine the missing ammounts in each of the following independent cases. Determine the missing amounts in...
Determine the missing ammounts in each of the following
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Save Green Company reports depreciation expense of $51.000 for Year 2. Also, equipment costing $173.000 was sold for a 56100 gain in Year 2 The following selected information is available for Green Company troms comparative balance sheet Compute the cash received from the sale of the equipment Help Save & Ext Sub At December 31 Equipment Accumulated Depreciation-Equipment Year 2 Year 1 $665,000 $838,800 472,000 555,000 Multiple Choice $51,000. о $32.900 $45.100 O $90,000 ОО $39,000 Next > 12 of...
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Determine the missing ammounts in each of the following
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Determine the missing amounts in each of the following independent cases. Case A Case B $ 20,000 Case C $ 15,000 30,000 90,000 100,000 70,000 85,000 95,000 100,000 250,000 520,000 35,000 125,000 160,000 340,000 345,000 20,000 35,000 5,000 350,000 Beginning inventory, raw material Ending inventory, raw material Purchases of raw material Direct material Direct labor Manufacturing overhead Total manufacturing costs Beginning inventory, work in process Ending inventory, work in...
7) Michael Company reports the following account balances at the end of the first year of operations: $130,000 $47,000 $%20,000 12,000 $18,000 10,000 $15,000 $107,000 $45,000 50,000 evenues ther Expenses alaries Expense ividends Utilities Expense dvertising Expense uildin ash and ommon Stock What are total liabilities at the end of the first vear? A) $167,000 B) $90,000 C) $94,000 D) $50,000
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