Financial data for Beaker Company for last year appear
below:
Beaker Company
Statements of Financial Position...
Financial data for Beaker Company for last year appear
below:
Beaker Company
Statements of Financial Position
Beginning Balance
Ending Balance
Assets:
Cash
$
331,000
$
505,256
Accounts receivable
169,000
185,000
Inventory
263,000
228,000
Plant and equipment (net)
451,000
388,000
Investment in Cedar Company
266,000
288,000
Land (undeveloped)
365,000
365,000
Total assets
$
1,845,000
$
1,959,256
Liabilities and owners' equity:
Accounts payable
$
190,000
$
189,000
Long-term debt
868,000
868,000
Owners' equity
787,000
902,256
Total liabilities and owners' equity
$
1,845,000...
Financial data for Beaker Company for last year appear
below:
Beaker Company
Statements of Financial
Position...
Financial data for Beaker Company for last year appear
below:
Beaker Company
Statements of Financial
Position
Beginning Balance
Ending Balance
Assets:
Cash
$
266,000
$
725,370
Accounts receivable
195,000
138,000
Inventory
328,000
285,000
Plant and equipment (net)
475,000
380,000
Investment in Cedar Company
281,000
333,000
Land (undeveloped)
194,000
194,000
Total assets
$
1,739,000
$
2,055,370
Liabilities and owners'
equity:
Accounts payable
$
170,000
$
226,000
Long-term debt
846,000
846,000
Owners' equity
723,000
983,370
Total liabilities and owners'
equity
$
1,739,000...
21.
Financial data for Beaker Company for last year appear
below:
Beaker Company
Statements of Financial...
21.
Financial data for Beaker Company for last year appear
below:
Beaker Company
Statements of Financial
Position
Beginning Balance
Ending Balance
Assets:
Cash
$
331,000
$
505,256
Accounts receivable
169,000
185,000
Inventory
263,000
228,000
Plant and equipment (net)
451,000
388,000
Investment in Cedar Company
266,000
288,000
Land (undeveloped)
365,000
365,000
Total assets
$
1,845,000
$
1,959,256
Liabilities and owners'
equity:
Accounts payable
$
190,000
$
189,000
Long-term debt
868,000
868,000
Owners' equity
787,000
902,256
Total liabilities and owners'
equity
$...
Financial data for Beaker Company for last year appear
below:
Beaker Company
Statements of Financial Position...
Financial data for Beaker Company for last year appear
below:
Beaker Company
Statements of Financial Position
Beginning Balance
Ending Balance
Assets:
Cash
$
252,000
$
197,853
Accounts receivable
165,000
189,000
Inventory
298,000
236,000
Plant and equipment (net)
470,000
445,000
Investment in Cedar Company
287,000
311,000
Land (undeveloped)
410,000
410,000
Total assets
$
1,882,000
$
1,788,853
Liabilities and owners' equity:
Accounts payable
$
227,000
$
149,000
Long-term debt
860,000
860,000
Owners' equity
795,000
779,853
Total liabilities and owners' equity
$
1,882,000...
Financial data for Beaker Company for last year appear
below:
Beaker Company
Statements of Financial
Position...
Financial data for Beaker Company for last year appear
below:
Beaker Company
Statements of Financial
Position
Beginning Balance
Ending Balance
Assets:
Cash
$
290,000
$
451,280
Accounts receivable
209,000
193,000
Inventory
282,000
232,000
Plant and equipment (net)
430,000
393,000
Investment in Cedar Company
304,000
255,000
Land (undeveloped)
241,000
241,000
Total assets
$
1,756,000
$
1,765,280
Liabilities and owners'
equity:
Accounts payable
$
208,000
$
175,000
Long-term debt
824,000
824,000
Owners' equity
724,000
766,280
Total liabilities and owners'
equity
$
1,756,000...
Financial data for Beaker Company for last year appear
below:
Beaker Company
Statements of Financial
Position...
Financial data for Beaker Company for last year appear
below:
Beaker Company
Statements of Financial
Position
Beginning Balance
Ending Balance
Assets:
Cash
$
288,000
$
189,663
Accounts
receivable
126,000
191,000
Inventory
264,000
286,000
Plant
and equipment (net)
442,000
450,000
Investment in Cedar Company
243,000
262,000
Land
(undeveloped)
458,000
458,000
Total
assets
$
1,821,000
$
1,836,663
Liabilities and owners' equity:
Accounts
payable
$
252,000
$
223,000
Long-term debt
841,000
841,000
Owners'
equity
728,000
772,663
Total
liabilities and owners' equity
$
1,821,000...
Financial data for Joel de Paris, Inc., for last year
follow:
Joel de Paris, Inc.
Balance...
Financial data for Joel de Paris, Inc., for last year
follow:
Joel de Paris, Inc.
Balance Sheet
Beginning
Balance
Ending
Balance
Assets
Cash
$
134,000
$
139,000
Accounts receivable
330,000
474,000
Inventory
564,000
472,000
Plant and equipment, net
842,000
825,000
Investment in Buisson, S.A.
407,000
433,000
Land (undeveloped)
251,000
251,000
Total assets
$
2,528,000
$
2,594,000
Liabilities and Stockholders'
Equity
Accounts payable
$
385,000
$
338,000
Long-term debt
1,013,000
1,013,000
Stockholders' equity
1,130,000
1,243,000
Total liabilities and stockholders' equity
$...
Financial data for Redstone
Company for last year appear below:
Redstone Company
Statements of Financial Position...
Financial data for Redstone
Company for last year appear below:
Redstone Company
Statements of Financial Position
Beginning
Balance
Ending
Balance
Assets:
Cash
$
335,000
$
471,760
Accounts
receivable
210,000
176,000
Inventory
296,000
264,000
Plant and equipment
(net)
508,000
460,000
Investment in Balsam
Company
229,000
295,000
Land
(undeveloped)
182,000
182,000
Total assets
$
1,760,000
$
1,848,760
Liabilities and
owners’ equity:
Accounts
payable
$
190,000
$
235,000
Long-term debt
833,000
833,000
Owners’ equity
737,000
780,760
Total liabilities
and owners’ equity
$
1,760,000...
Financial data for Redstone Company for last year appear below:
Redstone Company Statements of Financial Position...
Financial data for Redstone Company for last year appear below:
Redstone Company Statements of Financial Position Beginning Balance
Ending Balance Assets: Cash $ 260,000 $ 217,450 Accounts receivable
157,000 149,000 Inventory 288,000 284,000 Plant and equipment (net)
496,000 450,000 Investment in Balsam Company 233,000 347,000 Land
(undeveloped) 335,000 335,000 Total assets $ 1,769,000 $ 1,782,450
Liabilities and owners’ equity: Accounts payable $ 213,000 $
171,000 Long-term debt 803,000 803,000 Owners’ equity 753,000
808,450 Total liabilities and owners’ equity $ 1,769,000...
Question No: 2
The financial statements of Ahmed Company appear below:
Ahmed Company
Comparative Balance Sheet...
Question No: 2
The financial statements of Ahmed Company appear below:
Ahmed Company
Comparative Balance Sheet
December 31,
————————————————————————————————
Assets
2019
2018
Cash
$ 250,000 $ 400,000
Short-term
investments
150,000 600,000
Accounts receivable
(net)
500,000 300,000
Inventory 500,000
700,000
Property, plant and equipment
(net)
2,600,000 3,000,000
Total
assets
$4,000,000 $5,000,000
Liabilities and stockholders' equity
Accounts
payable
$ 200,000 $ 300,000
Short-term notes
payable
300,000 900,000
Bonds payable 900,000 1,600,000
Common stock 1,500,000 1,500,000
Retained
earnings ...