In the Balance Sheet below determine the unknown values.
Cash
 
In the Balance Sheet below determine the unknown values.
Cash
$50,000
Accounts
Payable
$125.000
Accounts
receivable
100,000
Notes
Payable
50,000
Inventory
80,000
Total Short Term
Debt
?
Total Current
Assets
Mortgages
350,000
Plant
500,000
Long Term
Notes
175,000
Net
Equipment
?
Total Long Term
Debt
?
Stockholders
Equity
?
Total
Assets
?
Total Debt &
Equity
775,000
In the previous question, if the Book Value of the Equipment is
$65,000 what is the value of the...
A merchandising company began in 2019 with $10,000 in cash and
reported net income of $6,700...
A merchandising company began in 2019 with $10,000 in cash and
reported net income of $6,700 on its 2019 income statement.
During the year a loss of $250 was reported on the cash sale of
a piece of equipment with a book value of $1,000. A new piece of
equipment was purchased at a cost of $8,500 to replace the
equipment that was sold. The company paid $1,500 from its
available cash balance to purchase the equipment and took out...
Burns Corporation's net income last year was $99,200. Changes in
the company's balance sheet accounts for...
Burns Corporation's net income last year was $99,200. Changes in
the company's balance sheet accounts for the year appear below:
Increases
(Decreases)
Asset and Contra-Asset Accounts:
Cash and cash equivalents
$
20,700
Accounts receivable
$
13,300
Inventory
$
(16,300
)
Prepaid expenses
$
4,200
Long-term investments
$
11,000
Property, plant, and equipment
$
75,600
Accumulated depreciation
$
34,100
Liability and Equity Accounts:
Accounts payable
$
(19,600
)
Accrued liabilities
$
17,400
Income taxes payable
$
4,300
Bonds payable
$
(66,000...
Carr Corporation's comparative balance sheet and income
statement for last year appear below:
Comparative Balance Sheet...
Carr Corporation's comparative balance sheet and income
statement for last year appear below:
Comparative Balance Sheet
Ending Balance
Beginning Balance
Cash and cash equivalents
$
3,150
$
25,300
Accounts receivable
90,500
78,100
Inventory
42,100
48,410
Prepaid expenses
9,270
15,450
Long-term investments
259,200
216,000
Property, plant, and equipment
525,300
504,000
Less accumulated depreciation
326,400
318,600
Total assets
$
603,120
$
568,660
Accounts payable
$
9,900
$
27,250
Accrued liabilities
26,160
18,020
Income taxes payable
52,900
50,600
Bonds payable
164,800
220,000
Common...
Carr Corporation's comparative balance sheet and income
statement for last year appear below:
Comparative Balance Sheet...
Carr Corporation's comparative balance sheet and income
statement for last year appear below:
Comparative Balance Sheet
Ending Balance
Beginning Balance
Cash and cash equivalents
$
3,090
$
23,920
Accounts receivable
87,200
72,420
Inventory
41,700
49,350
Prepaid expenses
9,720
16,500
Long-term investments
254,400
212,000
Property, plant, and equipment
525,300
513,600
Less accumulated depreciation
326,400
303,850
Total assets
$
595,010
$
583,940
Accounts payable
$
9,270
$
26,750
Accrued liabilities
25,200
17,510
Income taxes payable
51,900
50,140
Bonds payable
171,200
220,000
Common...
Following are selected balance sheet accounts of Carla Bros.
Corp. at December 31, 2017 and 2016,...
Following are selected balance sheet accounts of Carla Bros.
Corp. at December 31, 2017 and 2016, and the increases or decreases
in each account from 2016 to 2017. Also presented is selected
income statement information for the year ended December 31, 2017,
and additional information.
Selected balance sheet accounts
Assets
2017
2016
Increase (Decrease)
Accounts receivable
$33,700
$24,000
$9,700
Property, plant, and equipment
276,400
249,500
26,900
Accumulated depreciation—plant assets
(178,400)
(167,300)
(11,100)
Liabilities and stockholders’ equity
2017
2016
Increase...
Illies Corporation's comparative balance sheet appears
below:
Comparative Balance Sheet
Ending Balance
Beginning Balance
Assets:
Current...
Illies Corporation's comparative balance sheet appears
below:
Comparative Balance Sheet
Ending Balance
Beginning Balance
Assets:
Current assets:
Cash and cash equivalents
$
48,000
$
41,000
Accounts receivable
27,000
29,800
Inventory
75,000
77,800
Total current assets
150,000
148,600
Property, plant, and
equipment
382,000
355,000
Less accumulated
depreciation
172,000
140,000
Net property, plant, and
equipment
210,000
215,000
Total assets
$
360,000
$
363,600
Liabilities and stockholders'
equity:
Current liabilities:
Accounts payable
$
26,000
$
27,800
Accrued liabilities
62,000
67,800
Income taxes payable...
Use the starting balance sheet and statement of cash flows to
answer the question.
Torche
Corporation...
Use the starting balance sheet and statement of cash flows to
answer the question.
Torche
Corporation
Balance Sheet
As of December 31, 2017
(amounts in thousands)
Cash
147,000
Accounts Payable
24,000
Accounts
Receivable
48,000
Debt
37,000
Inventory
38,000
Other Liabilities
50,000
Property Plant &
Equipment, Gross
218,000
Total
Liabilities
111,000
Accumulated
Depreciation
60,000
Paid-In Capital
60,000
Property Plant &
Equipment, Net
158,000
Retained Earnings
229,000
Other Assets
9,000
Total
Equity
289,000
Total
Assets
400,000
Total
Liabilities & Equity
400,000
Torche...
Following are selected balance sheet accounts of Del Conte Corp.
at December 31, 2021 and 2020,...
Following are selected balance sheet accounts of Del Conte Corp.
at December 31, 2021 and 2020, and the increases or decreases in
each account from 2020 to 2021. Also presented is selected income
statement information for the year ended December 31, 2021, and
additional information.
Selected Balance Sheet Accounts
2021
2020
Increase
(Decrease)
Assets
Accounts receivable
$
50,000
$
32,000
$
18,000
Property, plant, and equipment
293,000
255,000
38,000
Accumulated depreciation
(194,000
)
(175,000
)
19,000
Liabilities and Stockholders’ Equity...
A comparative balance sheet for Lomax Company containing data
for the last two years is as...
A comparative balance sheet for Lomax Company containing data
for the last two years is as follows:
Lomax Company
Comparative Balance Sheet
This Year
Last Year
Assets
Current assets:
Cash and cash equivalents
$
72,000
$
50,800
Accounts receivable
592,000
612,500
Inventory
609,200
421,000
Prepaid expenses
10,800
5,500
Total current assets
1,284,000
1,089,800
Property, plant, and
equipment
2,375,000
1,804,000
Less accumulated
depreciation
616,200
560,900
Net property, plant, and
equipment
1,758,800
1,243,100
Long-term investments
82,100
133,000
Loans to subsidiaries
121,000
70,500...