Toth Company had the following assets and liabilities on the
dates indicated. December 31 Total Assets...
Toth Company had the following assets and liabilities on the
dates indicated. December 31 Total Assets Total Liabilities 2016
$469,000 $216,000 2017 $549,000 $266,000 2018 $679,000 $366,000
Toth began business on January 1, 2016, with an investment of
$95,000 from stockholders. From an analysis of the change in
stockholders’ equity during the year, compute the net income (or
loss) for:
(a) 2016, assuming Toth paid $25,000 in dividends for the
year.
Net income (loss) for 2016:
(b) 2017, assuming stockholders...
Toth Company had the following assets and liabilities on the
dates indicated.
December 31
Total Assets...
Toth Company had the following assets and liabilities on the
dates indicated.
December 31
Total Assets
Total Liabilities
2016
$469,000
$216,000
2017
$549,000
$266,000
2018
$679,000
$366,000
Toth began business on January 1, 2016, with an investment of
$95,000 from stockholders.
From an analysis of the change in stockholders’ equity during the
year, compute the net income (or loss) for:
(a) 2016, assuming Toth paid $25,000 in dividends
for the year.
The total assets and liabilities of Robot Company at January 1
and December 31, 2018, are...
The total assets and liabilities of Robot Company at January 1
and December 31, 2018, are presented below.
January
1
December
31
Assets
$76,000
$112,000
Liabilities
26,000
28,800
Determine the amount of net income or loss for 2018, applying
each of the following assumptions concerning the additional
issuance of stock and dividends paid by the firm. Each case is
independent of the others. I will go over scenario 1 below. Your
discussion assignment for the week is to...
The Balance Sheet of Greene, Inc. on January 1, 20X1 showed the
following. Assets $30,000, Liabilities...
The Balance Sheet of Greene, Inc. on January 1, 20X1 showed the
following. Assets $30,000, Liabilities $20,000 and Stockholder's
Equity $10,000. During 20X1, Greene collected $30,000 in revenue,
paid $34,000 in expenses, purchased $15,000 in additional assets on
account. The stockholders invested an additional $10,000 cash in
the business. What are Greene's total assets at December 31, 20X1?
55,000 51,000 41,000 45,000
CCC - Balance sheets 31 December 2018, 2017 assets 2018 2017
Fixed assets, net 600,000 500,000...
CCC - Balance sheets 31 December 2018, 2017 assets 2018 2017
Fixed assets, net 600,000 500,000 Inventory 70,000 50,000 Accounts
receivable, net 100,000 150,000 Cash 30,000 50,000 Total current
assets € 200,000 € 250,000 Total assets € 800,000 € 750,000 Equity
and liabilities 2018 2017 Share capital 300,000 200,000 Retained
earnings 80,000 100,000 Total equity € 380,000 € 300,000 Payable
bonds 200,000 250,000 Accounts payable 150,000 120,000 Income taxes
payable 70,000 80,000 Total current liabilities € 220,000 € 200,000
Total...
1. Presented below are data for Wildhorse Co.
2017
2018
Assets, January 1
$8,855
$9,717
Liabilities,...
1. Presented below are data for Wildhorse Co.
2017
2018
Assets, January 1
$8,855
$9,717
Liabilities, January 1
4,870
?
Stockholders' Equity, Jan. 1
?
?
Dividends
1,611
1,219
Common Stock
1,456
1,304
Stockholders' Equity, Dec. 31
?
?
Net Income
1,910
1,306
Stockholders' Equity at January 1, 2018 is
A. $5,740
B. $3,985
C. $4,284
D. $5,895
2. During periods of rising prices,
a perpetual inventory system would result in the same dollar amount
of ending inventory as a...
January 1, 2017, Assembly System Corporation's Retained Earnings
account had a balance of $675,000. During 2017,...
January 1, 2017, Assembly System Corporation's Retained Earnings
account had a balance of $675,000. During 2017, cash dividends of
$25,000 and stock dividends with a market value of $55,000 were
declared and distributed. Assembly System Corporation had a net
loss of $5,000 in 2017. What is the balance in Retained Earnings
that would appear on Assembly System Corporation's statement of
shareholders' equity on December 31, 2017
On January 1, 2017, Dawson, Incorporated, paid $100,000 for a
30% interest in Sacco Corporation. This...
On January 1, 2017, Dawson, Incorporated, paid $100,000 for a
30% interest in Sacco Corporation. This investee had assets with a
book value of $550,000 and liabilities of $300,000. A patent held
by Sacco having a book value of $10,000 was actually worth $40,000
with a six-year remaining life. Any goodwill associated with this
acquisition is considered to have an indefinite life. During 2017,
Sacco reported net income of $50,000 and paid dividends of $20,000
while in 2018 it reported...
At the beginning of the year, Canon Company had total assets of
$870,000 and total liabilities...
At the beginning of the year, Canon Company had total assets of
$870,000 and total liabilities of $500,000. Answer the following
questions.
(a) If total assets increased $150,000 during the
year and total liabilities decreased $80,000, what is the amount of
stockholders’ equity at the end of the year?
Stockholders’ equity $__________
(b) During the year, total liabilities
increased $100,000 and stockholders’ equity decreased $66,000. What
is the amount of total assets at the end of the year?
Total Assets...
1-Presented below are data for Blossom Company
2020
2021
Assets, January 1
$8856
$9716
Liabilities, January...
1-Presented below are data for Blossom Company
2020
2021
Assets, January 1
$8856
$9716
Liabilities, January 1
4857
?
Stockholders' Equity, Jan. 1
?
?
Dividends
1613
1221
Common Stock
1455
1288
Stockholders' Equity, Dec. 31
?
?
Net Income
1911
1291
Stockholders' Equity at January 1, 2021 is
$5752.
$3999.
$5910.
$4297.
2=Cullumber Company gives you the following information
pertaining to the year 2020.
Net sales
$847000
Cost of goods sold
490000
Current assets
498000
Current liabilities
236000
Average...