The comparative balance sheet of Olson-Jones Industries Inc. for
December 31, 20Y2 and 20Y1, is as...
The comparative balance sheet of Olson-Jones Industries Inc. for
December 31, 20Y2 and 20Y1, is as follows:
Dec. 31, 20Y2
Dec. 31, 20Y1
Assets
Cash
$193
$64
Accounts receivable (net)
110
80
Inventories
69
44
Land
157
181
Equipment
88
70
Accumulated depreciation-equipment
(24)
(12)
Total Assets
$593
$427
Liabilities and Stockholders'
Equity
Accounts payable (merchandise creditors)
$75
$64
Dividends payable
12
-
Common stock, $1 par
39
20
Paid-in capital: Excess of issue price over
par—common stock
86
50...
The comparative balance sheet of Olson-Jones Industries Inc. for
December 31, 20Y2 and 20Y1, is as...
The comparative balance sheet of Olson-Jones Industries Inc. for
December 31, 20Y2 and 20Y1, is as follows: Dec. 31, 20Y2 Dec. 31,
20Y1 Assets Cash $183 $14 Accounts receivable (net) 55 49
Inventories 117 99 Land 250 330 Equipment 205 175 Accumulated
depreciation—equipment (68) (42) Total assets $742 $625 Liabilities
and Stockholders' Equity Accounts payable (merchandise creditors)
$51 $37 Dividends payable 5 - Common stock, $1 par 125 80 Paid-in
capital: Excess of issue price over par—common stock 85 70...
Statement of Cash Flows—Indirect Method
The comparative balance sheet of Olson-Jones Industries Inc. for
December 31,...
Statement of Cash Flows—Indirect Method
The comparative balance sheet of Olson-Jones Industries Inc. for
December 31, 20Y2 and 20Y1, is as follows:
Dec. 31, 20Y2
Dec. 31, 20Y1
Assets
Cash
$115
$37
Accounts receivable (net)
65
47
Inventories
41
26
Land
94
104
Equipment
53
41
Accumulated depreciation-equipment
(14)
(7)
Total Assets
$354
$248
Liabilities and Stockholders'
Equity
Accounts payable (merchandise creditors)
$45
$37
Dividends payable
7
-
Common stock, $1 par
23
12
Paid-in capital: Excess of issue price...
The comparative balance sheet of Whitman Co. at December 31,
20Y2 and 20Y1, is as follows:...
The comparative balance sheet of Whitman Co. at December 31,
20Y2 and 20Y1, is as follows:
1
Dec. 31, 20Y2
Dec. 31, 20Y1
2
Assets
3
Cash
$918,420.00
$965,310.00
4
Accounts receivable (net)
?828,210.00
762,450.00
5
Inventories
1,268,100.00
1,162,260.00
6
Prepaid expenses
29,220.00
35,270.00
7
Land
315,170.00
479,410.00
8
Buildings
1,463,110.00
901,510.00
9
Accumulated depreciation-buildings
(409,500.00)
(383,260.00)
10
Equipment
512,060.00
454,500.00
11
Accumulated depreciation-equipment
(141,780.00)
(159,530.00)
12
Total assets
$4,783,010.00
$4,217,920.00
13
Liabilities and Stockholders’ Equity
14
Accounts payable (merchandise...
Comparative Income Statement
For the Years Ended December 31, 20Y2 and
20Y1
20Y2
20Y1
Sales
$...
Comparative Income Statement
For the Years Ended December 31, 20Y2 and
20Y1
20Y2
20Y1
Sales
$ 2,579,820
$ 2,376,910
Cost of goods sold
950,460
874,420
Gross profit
$ 1,629,360
$ 1,502,490
Selling expenses
$ 558,100
$ 695,720
Administrative expenses
475,420
408,590
Total operating expenses
1,033,520
1,104,310
Income from operations
$ 595,840
$ 398,180
Other income
31,360
25,420
$ 627,200
$ 423,600
Other expense (interest)
184,000
101,600
Income before income tax
$ 443,200
$ 322,000
Income tax expense
53,200
38,300
Net...
The comparative balance sheet of Whitman Co. at December 31,
20Y2 and 20Y1, is as follows:...
The comparative balance sheet of Whitman Co. at December 31,
20Y2 and 20Y1, is as follows: 1 Dec. 31, 20Y2 Dec. 31, 20Y1 2
Assets 3 Cash $918,000.00 $964,800.00 4 Accounts receivable (net)
828,900.00 761,940.00 5 Inventories 1,268,460.00 1,162,980.00 6
Prepaid expenses 29,340.00 35,100.00 7 Land 315,900.00 479,700.00 8
Buildings 1,462,500.00 900,900.00 9 Accumulated
depreciation-buildings (408,600.00) (382,320.00) 10 Equipment
512,280.00 454,680.00 11 Accumulated depreciation-equipment
(141,300.00) (158,760.00) 12 Total assets $4,785,480.00
$4,219,020.00 13 Liabilities and Stockholders’ Equity 14 Accounts
payable (merchandise...
The comparative balance sheet of Navaria Inc. for December 31,
20Y3 and 20Y2, is as follows:...
The comparative balance sheet of Navaria Inc. for December 31,
20Y3 and 20Y2, is as follows:
Dec. 31,
20Y3
Dec. 31,
20Y2
Assets
Cash
$ 226,460
$ 212,720
Accounts receivable (net)
82,680
75,850
Inventories
233,010
224,050
Investments
0
87,180
Land
119,440
0
Equipment
254,650
200,510
Accumulated depreciation-equipment
(60,600)
(54,100)
Total assets
$855,640
$746,210
Liabilities and Stockholders'
Equity
Accounts payable
$ 154,350
$ 147,000
Accrued expenses payable
15,520
19,400
Dividends payable
8,400
6,700
Common stock, $1 par
45,600
35,070
Paid-in capital:...
Marshall Inc.
Comparative Retained Earnings Statement
For the Years Ended December 31, 20Y2 and 20Y1
1...
Marshall Inc.
Comparative Retained Earnings Statement
For the Years Ended December 31, 20Y2 and 20Y1
1
20Y2
20Y1
2
Retained earnings, January 1
$3,692,000.00
$3,262,000.00
3
Net income
610,000.00
540,000.00
4
Total
$4,302,000.00
$3,802,000.00
5
Dividends:
6
On preferred stock
$10,000.00
$10,000.00
7
On common stock
100,000.00
100,000.00
8
Total dividends
$110,000.00
$110,000.00
9
Retained earnings, December 31
$4,192,000.00
$3,692,000.00
Marshall Inc.
Comparative Income Statement
For the Years Ended December 31, 20Y2 and 20Y1
1
20Y2
20Y1
2
Sales
$10,860,000.00...
Victor Corporation's comparative balance sheet for current
assets and liabilities was as follows:
Dec. 31, 20Y2...
Victor Corporation's comparative balance sheet for current
assets and liabilities was as follows:
Dec. 31, 20Y2
Dec. 31, 20Y1
Accounts receivable
$19,700
$18,700
Inventory
70,700
71,400
Accounts payable
29,100
27,400
Dividends payable
17,000
18,000
Adjust net income of $83,300 for changes in operating assets and
liabilities to arrive at net cash flow from operating
activities.
$_____?
The comparative balance sheet of Livers Inc. for December 31,
20Y3 and 20Y2, is as follows:...
The comparative balance sheet of Livers Inc. for December 31,
20Y3 and 20Y2, is as follows:
1
Dec. 31, 20Y3
Dec. 31, 20Y2
2
Assets
3
Cash
$625,820.00
$586,050.00
4
Accounts receivable (net)
227,530.00
209,880.00
5
Inventories
641,480.00
616,920.00
6
Investments
0.00
240,910.00
7
Land
327,510.00
0.00
8
Equipment
704,830.00
554,110.00
9
Accumulated depreciation-equipment
(165,750.00)
(148,570.00)
10
Total assets
$2,361,420.00
$2,059,300.00
11
Liabilities and Stockholders’ Equity
12
Accounts payable (merchandise creditors)
$424,970.00
$405,330.00
13
Accrued expenses payable (operating expenses)
42,810.00...