. 2019 Feb Q.No. 1 The following data are taken from the books of Resunga & Company (amount in thousands) are as follows: Liabilities Common stock Premium on stock Retained earnings Mortgage bonds payable Notes payable Account payable Accu. depreciation Total (Rs.) 31-12-17 (Rs.) 800 650 500 50 150 300 Sales Less: Cost of goods sold: Gross margin on sales Less: Operating expenses: Particulars Balance Sheet 31-12-18 (Rs.) Depreciation: Machinery Building 1100 110 672 1000 100 200 550 Assets Machinery Building Land Long-term investment Cash 2450 3732 Total (Rs.) Income Statement of the 31st December Marketable securities Account receivable Inventories 31-12-17 (Rs.) 700 400 70 220 570 100 250 140 2450 31-12-18 (Rs.) 100 160 1000 1200 70 140 630 212 290 190 3732 Amount (Rs.) Amount (Rs.) 1200 674 526
. 2019 Feb Q.No. 1 The following data are taken from the books of Resunga & Company (amount in thousands) are as follows: Liabilities Common stock Premium on stock Retained earnings Mortgage bonds payable Notes payable Account payable Accu. depreciation Total (Rs.) 31-12-17 (Rs.) 800 650 500 50 150 300 Sales Less: Cost of goods sold: Gross margin on sales Less: Operating expenses: Particulars Balance Sheet 31-12-18 (Rs.) Depreciation: Machinery Building 1100 110 672 1000 100 200 550 Assets Machinery Building Land Long-term investment Cash 2450 3732 Total (Rs.) Income Statement of the 31st December Marketable securities Account receivable Inventories 31-12-17 (Rs.) 700 400 70 220 570 100 250 140 2450 31-12-18 (Rs.) 100 160 1000 1200 70 140 630 212 290 190 3732 Amount (Rs.) Amount (Rs.) 1200 674 526
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter5: The Income Statement And The Statement Of Cash Flows
Section: Chapter Questions
Problem 5E: Multiple-Step and Single-Step In coin Statements The following items were derived from Gold...
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