Current Assets value in the balance sheet ?
Q: What goes under assets and what goes under liablilities for a balance sheet? Wanting specific list…
A: A balance sheet is a financial statement that reports a company's assets, liabilities and…
Q: listing the assets in order of liquidity ( balance sheet)?
A: Balance sheet is the financial statement which shows financial position of the business by showing…
Q: Explain and provide examples for what is measured on a balance sheet.
A: Answer: Balance sheet is one of part of financial statements that represent the statement of net…
Q: explain the purpose of the balance sheet and what information it contains. Give examples.
A: The financial statements of the business includes the income statement and balance sheet of the…
Q: How do you create a common size balance sheet with all assets as a percentage of total assets
A: Common size statement analysis, as the name suggests, first converts the financial statement as a…
Q: What does the balance sheet statements summarize?
A: This financial statement reports a company’s resources (assets) and claims of creditors…
Q: Why does a balance sheet balance (assets = Liabilities + OE)?
A: Accounting is done on double entry system, in which we book any financial transaction into books at…
Q: what accounts are disclosed on a balance sheet
A: Balance sheet means where all assets , liabilities and equity are shown in proper format
Q: What items are disclosed on a balance sheet
A: Balance Sheet : Balance Sheet is a financial statement that reports/ is a summary of company's…
Q: hat amount of total assets will be reported?
A: Step 1 Total assets to be reporting in consolidated financial statements is holding‘s assets+…
Q: What is the normal balance (debit or credit) of assets, liabilities, stockholders’ equity, revenues,…
A:
Q: whats the balance sheet for this?
A: Financial statement means the trading and profit and loss account and balance sheet of the company…
Q: How is the order in which items are shown on the balance sheet determined?
A: Balance sheet: This financial statement reports a company’s resources (assets) and claims of…
Q: Where do we record retained earnings in a balance sheet?
A: Retained earnings refers to the amount of earnings that are not paid as dividends to the…
Q: Explain the components of the balance sheet.
A: The balance sheet is also known as "position statement" of the business, as it tells…
Q: Financial system is important in balances the total financial assets to total liabilities. Explain.
A: A financial system is a collection of entities that allow the exchange of funds, such as banks,…
Q: When are the value of asse balance sheet shown at the when aren't they2
A: There are two most commonly used quantitative measured for valuing the assets of a company this are…
Q: Define accounting period cycle? And balance sheet?
A: Accounting is a system of recording analyzing and summarizing the day-to-day business transactions…
Q: explain the purpose of and the information found on the balance sheet
A: Balance sheet is one of the financial statement in business which shows all assets and liabilities…
Q: Referring to the balance sheet and extra information, what is the value of the total assets?
A: Information Provided Sales = $35,600 Debt ratio = 0.26 Long term debt = $12,584 Total current…
Q: relationship among balance sheet, cash flow sheet and income statement
A: Relationship among balance sheet, statement of cash flow sheet, and income statement as…
Q: From the following, calculate what would be the total of assets on the balance sheet.
A: Asset: Assets are tangible or intangible items that are used and controlled by the company for…
Q: Distinguishing between current and non-current items on the balance sheet and presenting a subtotal…
A: A classified balance sheet is one that classifies assets and liabilities as current or non-current…
Q: How do you treat net loss on a balance sheet?
A: Balance sheet: It refers to a financial statement that shows all the liabilities, assets, and…
Q: What is the accounting equation for the balance sheet?
A: Accounting equation for the balance sheet :
Q: What does the balance sheet report?
A: A balance sheet is a financial statements which reports Assets, Liabilities and shareholders equity…
Q: how to understand a balance sheet
A: Financial statements of the business are indicator of financial position of the organisation.…
Q: Importance of Balance Sheet in understanding Financial statements
A: A balance sheet is a financial statement that details the assets and liabilities of a corporation as…
Q: Total Current assets value to be reported in Balance sheet?
A: Introduction: Current Assets: Current Assets are the most liquid Assets like cash and cash…
Q: How to prepare the balance sheet
A: The balance sheet is one of the financial statement of the business.
Q: what is the accounting equation for assets?
A: Accounting equation: Accounting equation is an accounting tool expressed in the form of equation, by…
Q: connection between the balance sheet, the cash flow statement, and the income statement
A: The following is the relationship between the balance sheet, the statement of cash flow sheet, and…
Q: What's balance sheet
A: Every business prepares financial statements at the end of the accounting period in order to analyse…
Q: How to read the balance sheet statement
A: Balance sheet is a summary statement which is prepared to know about total asset and total liability…
Q: Which of the following statements is correct? O Assets - Liabilities = Ownership interest O Assets +…
A: The basic accounting equation as per double entry system of accounting is: Assets = Liabilities +…
Q: What is the balance sheet, and what information does it provide?
A: A Balance sheet is a financial statement that provides a record of the company's assets and…
Q: How do the assets, liabilities, and equity appear in the balance sheet?
A: Balance sheet: Balance Sheet is one of the financial statements that summarize the assets, the…
Q: Total current Assets in the balance sheet
A: Introduction:- Current assets:- Current assets are all the assets of a company that are expected to…
Q: calculate the balance sheet
A: Balance sheet is a part of financial statements which shows exact financial position of the entity…
Q: which items are disclosed on a balance sheet
A: Balance sheet means where all assets , liabilities and equity are shown in proper format
Q: assets, liabilities and equity accounts.
A: (Note: Since you have posted multiple questions, we will solve the first question for you. For the…
Q: how to prepare balance sheet extract toshow net realizable value
A: It is assumed that the question is asking about the net realizable value of account receivables.…
Q: List the items that are kept under the asset side of a balance sheet?
A: Balance sheet is a part of the financial statements of a company that are prepared at the end of…
Current Assets value in the balance sheet ?
Step by step
Solved in 2 steps with 1 images
- The following information is also available: 1. Current assets include cash P3,800, accounts receivables P18,500, note receivables (maturity date is on July 1,2023) P10,000 and land P12,000. 2. Long term investments include a P4,600 investment in fair value though other comprehensive income securitiesthat is expected to be sold in 2022 and a P9,000 investment in AllDay company bonds that are expected to be helduntil their December 31, 2029 maturity date. 3. Property and equipment include buildings costing P63,400, inventories costing P30,500 and equipment costingP29,600. 4. Intangible assets include patents that cost P8,200 and on which P2,300 amortization have accumulated, andtreasury shares that costs P1,800. 5. Other assets include prepaid insurance (which expires on November 30, 2022) P2,900, sinking fund for bondretirement P7,000 and trademarks that cost P5,200 and on which P1,500 amortization has accumulated. 6. Current liabilities include accounts payable P19,400, bonds payable…The following information is also available: 1. Current assets include cash P3,800, accounts receivables P18,500, note receivables (maturity date is on July 1,2023) P10,000 and land P12,000. 2. Long term investments include a P4,600 investment in fair value though other comprehensive income securitiesthat is expected to be sold in 2022 and a P9,000 investment in AllDay company bonds that are expected to be helduntil their December 31, 2029 maturity date. 3. Property and equipment include buildings costing P63,400, inventories costing P30,500 and equipment costingP29,600. 4. Intangible assets include patents that cost P8,200 and on which P2,300 amortization have accumulated, andtreasury shares that costs P1,800. 5. Other assets include prepaid insurance (which expires on November 30, 2022) P2,900, sinking fund for bondretirement P7,000 and trademarks that cost P5,200 and on which P1,500 amortization has accumulated. 6. Current liabilities include accounts payable P19,400, bonds payable…The following data were taken from the statement of affairs of RCFE Corp:Bonds payable without security: P800,000Stockholders' equity: 450,000Accounts payable: 350,000Salaries: 50,000Taxes: 75,000Trustee expenses: 45,000Loss on realization: 550,000How much is the total free assets?
- Th e management of Bank EZ repurchases its own bonds in the open market. Th ey pay€6.5 million for bonds with a face value of €10.0 million and a carrying value of €9.8 million. Th e bank will most likely report:A . other comprehensive income of €3.3 million.B . other comprehensive income of €3.5 million.C . a gain of €3.3 million on the income statement.Presented below is the trial balance of Walter Corporation at December 31, 2020.Cash 197,000Sales 7,900,000Trading Securities (at cost, P145,000) 153,000Cost of goods sold 4,800,000Long-term investments in bonds 299,000Long-term investment in share capital - ordinary 277,000Short-term notes payable 90,000Accounts payable 455,000Selling expenses 2,000,000Investment revenue 63,000Land 260,000Buildings 1,040,000Dividends payable 136,000Accrued liabilities 96,000Accounts receivables 435,000Accumulated Depreciation – Building 352,000Allowance for doubtful accounts 25,000Administrative Expenses 900,000Interest Expense 211,000Inventories 597,000Provision for pension (long term) 80,000Long term notes payable 900,000Equipment 600,000Bonds Payable 1,000,000Accumulated Depreciation – Equipment 60,000Franchise 160,000Shares Capital – Ordinary 1,000,000Treasury Shares 191,000Patent 195,000Retained Earnings 78,000Other comprehensive income 80,000 Requirements:1. How much is the total assets?2. How…The following information is also available: 1. Current assets include cash P3,800, accounts receivables P18,500, note receivables (maturity date is on July 1, 2023) P10,000 and land P12,000. 2. Long term investments include a P4,600 investment in fair value though other comprehensive income securities that is expected to be sold in 2022 and a P9,000 investment in AllDay company bonds that are expected to be held until their December 31, 2029 maturity date. 3. Property and equipment include buildings costing P63,400, inventories costing P30,500 and equipment costing P29,600. 4. Intangible assets include patents that cost P8,200 and on which P2,300 amortization have accumulated, and treasury shares that costs P1,800. 5. Other assets include prepaid insurance (which expires on November 30, 2022) P2,900, sinking fund for bond retirement P7,000 and trademarks that cost P5,200 and on which P1,500 amortization has accumulated. 6. Current liabilities include accounts payable P19,400, bonds…
- If $449,000 of 10% bonds are issued at 97, the amount of cash received from the sale is a. $404,100 b. $435,530 c. $493,900 d. $449,000If $457,000 of 8% bonds are issued at 94, what is the amount of cash received from the sale? Select the correct answer. A. $420,440 B. $457,000 C. $429,580 D. $493,560Cagney Company sold $248,000 of bonds on January 1, 2024. A portion of the amortization table follows. Period CashPayment(Credit) InterestExpense(Debit) Discounton BondsPayable(Credit) Discounton BondsPayableBalance CarryingValue At issue $8,000 $240,000 06/30/24 $12,000 $12,800 $800 7,200 240,800 12/31/24 12,000 12,800 800 6,400 241,600 06/30/25 ? ? ? ? ? Required: 1. Determine the stated interest rate on these bonds. Round your answer to the nearest whole number.fill in the blank 1 % 2. Calculate the interest expense and the discount amortization for the interest period ending on June 30, 2025. Interest expense $fill in the blank 2 Discount amortization $fill in the blank 3 3. Calculate the liability balance shown on a balance sheet after the interest payment is recorded on June 30, 2025.$fill in the blank 4
- AA Company had the following items in its "Cash equivalents" account as of December Money market fund due in 3 months acquired 1 month ago 250,000 Investment in equity designated in OCI-expected to disposed in 3 months 500,000 Time deposit - 2 months maturity, acquired on 12/1/2022 600,000 Treasury bills- due in 3 months from date of acquisition (12/30/2022) 350,000 Redeemable preference shares- purchased on 11/30/2022 due on 3/31/2023 300,000 What is the correct balance of cash and cash equivalents as of December 31, 2022?Connection with the sale of these bonds, Socrates paid the following expenses: Promotion costs P40,000; Engraving and printing 50,000; underwriters’ commissions 400,000. What amount should Socrates record as bond issue costs to be amortized over the term of the bonds? 0 440,000 450,000 490,000
