Luther Corporation Consolidated Balance Sheet December 31, 2016
and 2015 (in $ millions) Assets 2016 2015...
Luther Corporation Consolidated Balance Sheet December 31, 2016
and 2015 (in $ millions) Assets 2016 2015 Liabilities and
Stockholders' Equity 2016 2015 Current Assets Current Liabilities
Cash 63.6 58.5 Accounts payable 87.6 73.5 Accounts receivable 55.5
39.6 Notes payable/ short-term debt 10.5 9.6 Inventories 45.9 42.9
Current maturities of long-term debt 39.9 36.9 Other current assets
6.0 3.0 Other current liabilities 6.0 12.0 Total current assets
171.0 144.0 Total current liabilities 144.0 132.0 Long-Term Assets
Long-Term Liabilities Land 66.6 62.1...
At December 31, 2015, the trading securities for Storrer, Inc.
are as follows.
Security
Cost
Fair...
At December 31, 2015, the trading securities for Storrer, Inc.
are as follows.
Security
Cost
Fair Value
A $17,400 $16,200
B 12,300 13,800
C 23,500 19,200
$53,200 $49,200
Prepare the adjusting entry at December 31, 2015, to report the
securities at fair value. (Credit account titles are automatically
indented when amount is entered. Do not indent manually. If no
entry is required, select "No entry" for the account titles and
enter 0 for the amounts.)
Date
Account Titles and Explanation...
At December 31, 2020, Sheffield Company reported the following
as plant assets.
Land
$ 4,110,000
Buildings...
At December 31, 2020, Sheffield Company reported the following
as plant assets.
Land
$ 4,110,000
Buildings
$28,650,000
Less: Accumulated depreciation—buildings
13,680,000
14,970,000
Equipment
47,920,000
Less: Accumulated depreciation—equipment
4,730,000
43,190,000
Total plant assets
$62,270,000
During 2021, the following selected cash transactions
occurred.
April 1
Purchased land for $2,150,000.
May 1
Sold equipment that cost $870,000 when purchased on January 1,
2017. The equipment was sold for $522,000.
June 1
Sold land purchased on June 1, 2011 for $1,420,000. The land
cost...
Balance sheet. Construct the Barron Pizza, Inc. balance sheet
statement for December 31, 2015, with the...
Balance sheet. Construct the Barron Pizza, Inc. balance sheet
statement for December 31, 2015, with the following information.
Complete the balance sheet below: (Round to the nearest
thousand dollars.)
Retained earnings:$43,597
Accounts payable:$74,534
Accounts receivable:$34,716
Common stock:$119,927
Cash:$8,222
Short-term debt:$192
Inventory:$23,496
Goodwill:$48,326
Long-term debt:$80,198
Other noncurrent liabilities:$42,457
Net plant, property, and equipment:$192,327
Other noncurrent assets:$16,839
Long-term investments:$22,287
Other current assets:$14,692
Barron Pizza, Inc.
Balance Sheet as of December 31, 2015
($ in thousands)
ASSETS
LIABILITIES
Current Assets
Current liabilities
Answer...
On December 31, 2015, Sveva Inc. has total liabilities of
$252,000 and total equity of $420,000....
On December 31, 2015, Sveva Inc. has total liabilities of
$252,000 and total equity of $420,000. The company needs to raise
additional funds through debt and equity. The company will issue
40,000 shares of common stock at $4.50 per share and in addition it
intends to borrow as much as it can from Bank of Switzerville. Bank
of Switzerville requires a maximum debt-to-asset ratio of 0.75.
What is the maximum additional amount that Sveva can borrow after
the additional stock...
Use the following information on end of year account balances
(as of December 31, 2015) for...
Use the following information on end of year account balances
(as of December 31, 2015) for Warren Clinic to construct its
balance sheet, keeping in mind the accounting identity (assets =
liabilities + equity):
Accounts Payable $20,000
Accounts Receivables (net) $60,000
Cash $30,000 Equity $230,000
Long-term debt $120,000
Long-term investments $100,000
Net property and equipment $150,000
Other assets $40,000
Other long-term liabilities $10,000
Simon Company's year-end balance sheets follow.
At December 31
2017
2016
2015
Assets
Cash
$
31,484...
Simon Company's year-end balance sheets follow.
At December 31
2017
2016
2015
Assets
Cash
$
31,484
$
36,802
$
38,366
Accounts receivable, net
87,707
62,528
51,155
Merchandise inventory
113,616
82,626
55,575
Prepaid expenses
9,647
9,379
4,136
Plant assets, net
275,633
255,292
234,468
Total assets
$
518,087
$
446,627
$
383,700
Liabilities and Equity
Accounts payable
$
126,424
$
75,480
$
49,129
Long-term notes payable secured by
mortgages on plant assets
98,374
105,806
86,494
Common stock, $10 par value
163,500
163,500...
Simon Company's year-end balance sheets follow.
At December 31
2017
2016
2015
Assets
Cash
$
27,791...
Simon Company's year-end balance sheets follow.
At December 31
2017
2016
2015
Assets
Cash
$
27,791
$
31,529
$
33,175
Accounts receivable, net
77,388
55,177
43,349
Merchandise inventory
96,307
72,912
46,633
Prepaid expenses
9,037
8,611
3,612
Plant assets, net
251,272
229,870
208,331
Total assets
$
461,795
$
398,099
$
335,100
Liabilities and
Equity
Accounts payable
$
116,137
$
66,606
$
44,676
Long-term notes payable secured
by
mortgages on plant assets
85,949
93,394
75,538
Common stock, $10 par value
163,500
163,500...
fill in the missing values on these financial statements:
December 31, 2015:
Assets
$50,000
Liabilities
[a]...
fill in the missing values on these financial statements:
December 31, 2015:
Assets
$50,000
Liabilities
[a]
Equity
30,000
December 31, 2016:
Assets
[b]
Liabilities
8,000
Equity
38,000
During 2016:
Total Revenues
[c]
Total Expenses
250,000
December 31, 2020 December 31, 2019 Current assets $124,400
$100,000 Plant assets (net) 394,272 333,000 Current...
December 31, 2020 December 31, 2019 Current assets $124,400
$100,000 Plant assets (net) 394,272 333,000 Current liabilities
85,994 73,000 Long-term liabilities 132,675 87,000 Common stock, $1
par 166,750 115,000 Retained earnings 133,253 158,000 Prepare a
schedule showing a horizontal analysis for 2020, using 2019 as the
base year. (Enter negative amounts and percentages using either a
negative sign preceding the number e.g. -45, -45% or parentheses
e.g. (45), (45%). Round percentages to 1 decimal place, e.g.
12.3%.) GLITTER INC. Condensed...