WHAT IS THE VALUE FOR noncurrent assets, total assets,
paid in capital and owner's equity given...
WHAT IS THE VALUE FOR noncurrent assets, total assets,
paid in capital and owner's equity given
current assets = 16870
current liabilities = 13466
concurrent liabilities = 11998
Retained earning = 13438
earning(los)after tax = 2014
dividends = 1580
total liabilities & owners equity =
40936
1. During 2020, Bruske Company's assets decreased P50,000 and
its liabilities decreased P50,000. Its owner's equity...
1. During 2020, Bruske Company's assets decreased P50,000 and
its liabilities decreased P50,000. Its owner's equity
therefore:
a. increased
P50,000.
b. decreased P50,000.
c. decreased
P100,000.
d. did not change.
2. At the beginning of the year, Ortiz Company had total assets
of P900,000 and total liabilities of P440,000. During the year,
total liabilities decreased P100,000 and owner's equity increased
P200,000. What is the amount of total assets at the end of the
year?
3. At the beginning of the...
Tropical, Inc. has provided the following financial
information in its application for a loan.
Assets Liabilities...
Tropical, Inc. has provided the following financial
information in its application for a loan.
Assets Liabilities and Equity
___________________________________________________
Cash $ 20 Accounts Payable $ 30
Accounts Receivables $ 90 Notes Payable $ 90
Inventory $ 90 Accruals $ 30
Long Term Debt $150
Plant and equipment $500 Equity $400
-----------------------------------------------------------------------------------
Also assume sales = $500, cost of goods sold = $360, taxes =
$56, interest payments = $40, net income = $44, the dividend payout
ratio is 50%, and...
Income Statement, Retained Earnings Statement, and Balance
Sheet
The amounts of the assets and liabilities of...
Income Statement, Retained Earnings Statement, and Balance
Sheet
The amounts of the assets and liabilities of Glacier Travel
Service as of September 30, 20Y6, the end of the current year, and
its revenue and expenses for the year are listed below. The
retained earnings were $150,000, and the common stock was $50,000
as of October 1, 20Y5, the beginning of the current year. Dividends
of $10,000 were paid during the current year.
Accounts payable
$175,000
Accounts receivable
321,000
Cash
166,000...
Question 1
The relationship that exists on a balance sheet is:
Assets = Liabilities – Equity....
Question 1
The relationship that exists on a balance sheet is:
Assets = Liabilities – Equity.
None of the above
Assets = Liabilities + Equity.
Liabilities = Assets + Equity.
If a company generates positive net income, all else equal, cash
will
Uncertain – Insufficient information
Increase
Stay the same
Decrease
Question 3
If a “typical” firm reports a $20 Million dollars of retained
earnings on its balance sheet, could its directors declare a $20
million dollar cash dividend...
Assets
Liabilities
Cash
$ 14,000
Accounts payable
$ 16,000
Accounts receivable
19,000
Bonds payable
78,000...
Assets
Liabilities
Cash
$ 14,000
Accounts payable
$ 16,000
Accounts receivable
19,000
Bonds payable
78,000
Inventory
29,000
Total
liabilities
$ 94,000
Prepaid Expenses
12,400
Stockholders’ Equity
Total current assets
74,400
Preferred stock
$ 24,000
Plant and equipment, net
203,200
Common stock
59,000
Total Assets
$ 277,600
Paid-in capital in excess of par
29,000
Retained earnings
71,600
Total stockholders’
equity
183,600
Total liabilities & stockholders’ equity
$277,600
You are to calculate the costs of the three...
Given the financial statements for Jones Corporation and Smith
Corporation: JONES CORPORATION Current Assets Liabilities Cash...
Given the financial statements for Jones Corporation and Smith
Corporation: JONES CORPORATION Current Assets Liabilities Cash $
29,400 Accounts payable $ 103,000 Accounts receivable 88,300 Bonds
payable (long term) 80,100 Inventory 54,500 Long-Term Assets
Stockholders' Equity Gross fixed assets $ 508,000 Common stock $
150,000 Less: Accumulated depreciation 156,800 Paid-in capital
70,000 Net fixed assets* 351,200 Retained earnings 120,300 Total
assets $ 523,400 Total liabilities and equity $ 523,400 Sales (on
credit) $ 1,845,000 Cost of goods sold 757,000 Gross...
Assets
=
Liabilities +
Owner's Equity
Cash + Supplies + Land
=
Accounts Payable
+
Kristoff...
Assets
=
Liabilities +
Owner's Equity
Cash + Supplies + Land
=
Accounts Payable
+
Kristoff Walker, Capital
-
Kristoff Walker, Drawing
+
Fees Earned
-
Expenses
Bal.
32,600
4,200
81,500
8,800
109,500
1.
+38,100
+38,100
2.
-16,300
+16,300
3.
-28,400
-28,400
4.
+1,600
+1,600
5.
-2,200
-2,200
6.
-7,800
-7,800
7.
-3,300
-3,300
Bal.
16,000
2,500
97,800
2,600
109,500
-2,200
38,100
-31,700
a. (1) Select the description for transaction
1.
a. (2) Select the description for transaction
2.
a....
SMOLIRA GOLF CORP.
2014 and 2015 Balance Sheets
Assets
Liabilities and Owners’ Equity
2014
2015
2014...
SMOLIRA GOLF CORP.
2014 and 2015 Balance Sheets
Assets
Liabilities and Owners’ Equity
2014
2015
2014
2015
Current assets
Current
liabilities
Cash
$
24,086
$
24,500
Accounts payable
$
23,584
$
27,500
Accounts receivable
12,848
15,600
Notes payable
15,000
11,200
Inventory
26,042
27,500
Other
11,971
18,300
Total
$
62,976
$
67,600
Total
$
50,555
$
57,000
Long-term debt
$
60,000
$
73,000
Owners’ equity
Common stock and paid-in
surplus
$
44,000
$
44,000
Accumulated retained
earnings
237,116
256,000
Fixed assets...