Determine the missing amount: cash$239,186;short term investment$353,700;acct receiv$504,944;inventory? Prepaid exp$83,259;total current asset$1,594927; property&equipment? what is the inventory amount and property& equipment amount?
Q: Need a brief description for Assets distribution in Case Stuady 5 to 6 sentences ASSETS…
A: Asset distribution refers to the calculation of proportion of a particular asset to that of the…
Q: Study the following material and independent transactions below: Transaction 1 Dr…
A: a)Describe the transaction represented by the double entry:- Transaction 1:- Building is been sold…
Q: Which of the following amount represents tje depreciation expense for the new cash register…
A: C.None of the above--answer
Q: How can I translate the following balance sheet using the current-noncurrent method and the monetary…
A: Current and Non-Current Method Current Assets - Assets that are expected to be used and sold within…
Q: According to the information given in the table below, which of the following is cash flow from…
A: Cash flow statement: It is a statement which reports the cash inflows and outflows of a business…
Q: What is the net amount reported in profit or loss for the year ended December 31, 2022 relating to…
A: The Net Amount reported in profit and loss for the year ended December 31, 2022, relating to uGAS…
Q: Valuation of assets. Using the information provided in the following table, find the value of each…
A: Here, To Find: Value of each asset =?
Q: At December 31, 2022, Culver Corporation reported the following plant assets. Apr. May June July…
A: Following is the answer
Q: Un Company sold office equipment with a cost of $23,000 and accumulated depreciation of $12,000 for…
A: Book Value: It is the value of an asset as per the balance sheet of the company for the required…
Q: ng data are accumulated by Paxton Company in evaluating the purchase of $156,100 of equipment,…
A: In this we have to calculate present value of cash flow and we have to calculate difference between…
Q: Use your knowledge of balance s'ees and common-size statements to fill in the missing dollar…
A:
Q: The following information is available for a Company's asset: Cost $5,350,000; Carrying amount (book…
A: Impairment of assets means when recoverable amount of the asset is less than carrying value of the…
Q: Based on the following data, what is the amount of current assets? Accounts payable $ 63000 Accounts…
A: Current assets are the assets that are held by an entity for a short time period usually one year or…
Q: From the following information, calculate (i) Net profit before taxation and extraordinary items and…
A:
Q: What amount should be reported as depreciation expense in Pirn’s consolidated income statements? a.…
A: Depreciation expense is the cost portion which is allocated to the fixed assets of the company and…
Q: Cost of g0od sold 227,500 125, 900 Gross profit Operating expenses Depreciation expense other…
A: When a capital asset is sold loss or gain from the sale is recognized by deducting the carrying…
Q: JBS Inc. recently reported net income of $4,650 and depreciation of $855. How much was its net cash…
A: Net cash flow = net income plus non cash times
Q: How much was the carrying amount of the non-cash assets? A. 1,240,000 B. 1,360,000 C. 920,000 D.…
A: Liquidation of partnership means cessation or end of the partnership business. Under which, all…
Q: If the value of liabilities is 80000 OMR and owner's equity is 30000 OMR. Calculate the amount of…
A: Net Assets = Total liabilities + Equity
Q: PROBLEM 1 BHEVERLYNN CORPORATION STATEMENTS OF FINANCIAL POSITION AS AT MARCH 31,2021 AND 2020 (in…
A: All amounts are in (P) i.e (in Peso).
Q: An organisation's asset register shows a carrying amount of $145,600. The non-current asset account…
A: We have the following information: An organisation's asset register shows a carrying amount of…
Q: In the preparation of Proton's statement of financial position as of December 31, 2022, what should…
A: Notes on Intangible Assets Amount Copyrights (Note 1) P30000 Excess of Cost over Fair value…
Q: USING THE FOLLOWING DATA, CALCULATE THE DOLLAR AMOUNT ($) OF TOTAL INTANGIBLE ASSETS DEPRECIATION…
A: An Intangible assets is an identifiable non-monetary asset without physical substance. Some examples…
Q: Based on the information below of FDNACCT Co., how much should be recorded as total assets in the…
A: Long-term Payable, Notes Payable, Accounts Payable, Unearned Income, Accrued Expenses are considered…
Q: B. Given the following information, calculate the value of missing items: No CAPITAL LIABILIES…
A: Answer- No Capital (RM) Asstes (RM) Liabilities (RM) Expenses (RM) Revenue (RM) i `47400 A…
Q: Jaez Corporation is in the process of going through a reorganization. As of December 31, 2017, the…
A: Balance Sheet: It is a financial statement prepared by an organization to report their financial…
Q: Shure Company reported the following assets a year – end: Financial asset held for…
A: Intangible assets means those assets which do not have any physical presence and that can only be…
Q: classify the given items as (operating / investing / financing), share the correct classification…
A: Statement of cash flows is prepared with a view to ascertain the flow of cash into and out of the…
Q: For the Year Ended 2020 (Expressed in $ million Assets Cash 90.00 Accounts Receivable 162.00…
A: Financial ratios (FR) are those ratios which evaluates the financial statements (FS) line items of…
Q: Equipment(net), $80,000. The equipment originally cost $140,000. How would I classify this on a…
A: Total Assets comprise of Current Assets and Non-Current Assets. The current assets are those assets…
Q: Balance sheet extracts as at 31/12/2018 & 31/12/2019 2018(RO) 2019(RO) Non-current assets…
A: The cash flow statement assesses a corporation's ability to handle its cash balance, or how…
Q: A LasIT TIU [vl section refers to inflows and outflows from the purchase/sale of non-current assets.…
A: The minimum cash balance level is the amount that is maintained at the year end.
Q: Refer to the following data of OCT2023CPACompany: Assets to be realized 1,375,000 Assets acquired…
A: In order to compute the beginning cash balance, the opening balance sheet need to be drafted.
Q: The total current asset is 45%, total liability is 60%,Toatal equity is ₱300,000. How much is the…
A:
Q: nows On the basis of the details of the following fixed asset account, indicate the items to be…
A: The cash flow statement is an essential part of the financial statements of the organization. It is…
Q: The ledger accounts ef Entity A have the following balances on Deonmber 31, 20 Accounts Accounts…
A: Unadjusted trial balance is the summary of all general ledger account balances of the business…
Q: In 20x7, Sweet Treats sold a piece of equipment with a purchase value of $371,000and acumulated…
A: Cash flow from investing activities: It is a section of the cash flow statement that shows the cash…
Q: how I can fill the blanc with correct entries Assets Current Assets Cash…
A: Hi. Since all the other figures are in millions, we have assumed the inventory value to be…
Q: Statement of Financial Position as at December 31, 2021 2020 2021 Non-current assets GHC GHC GHC GHC…
A:
Q: Accounting Please make a cost by nature Income Statement for the following points: a) Write off (in…
A: Income statement is the statement, where expenses are disclosed according to their nature, we deal…
Q: The following balance sheets have been prepared on December 31, Year 13 for Albert Corp. and Becky…
A: A consolidated balance sheet is a document that shows the entire financial situation of a parent…
Q: Preparation of statement of cash flow and a statement of financial position Land $30.000 Bond…
A: Cash flow statement: It is a statement which reports the cash inflows and outflows of a business…
Q: King Limited Statement of Financial Position at 31 December 2020 2010 %24 104,000 360.000 460,000…
A: The cash flow statement is prepared to record cash flow from various activities during the period.
Q: CDE Co. has the following assets: Cash = P64,800, Accounts Receivable = P684,800, Inventory =…
A: Assets are the revenue-generating property of the business. Current assets are the assets that can…
Q: Prepare an Income Statement of Company Alfex as at 31 Dec. 2020. a) Write off (in minus) of…
A: Income Statement- An income statement is a financial statement that shows a company's income and…
Q: the nominal ledger shows a carrying amount of $135.600. The difference could be due t a ap asset not…
A: Correct Answer to Question 7.4 : A. Asset with disposal proceeds of $15,000 and a profit on disposal…
Q: if land and buildings are R100000, vehicles R75000, equipment 80000 and cash and cash equivalent…
A: Non-current assets are assets that are not expected to be acquired within one year of accounting.…
Q: ecreased by P310,100 5. The necessary adjusting journal entry for the error in recording capital…
A: Depreciation means the loss in value of assets because of usage of assets , passage of time or…
Determine the missing amount: cash$239,186;short term investment$353,700;acct receiv$504,944;inventory? Prepaid exp$83,259;total current asset$1,594927; property&equipment?
what is the inventory amount and property& equipment amount?
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 1 images
- A company has the following three assets with the information provided:($ in millions) Equipment Land Building Book value $8 $20 $12 Estimated total future cash flows 6 35 14 Fair value 5 30 10Determine the amount of the impairment loss, if any. a. $0. b. $5 million. c. $10 million. d. $3 million.Below is the information as at the end of accounting year of December 2020:Details RMDebtors 23,000Bank 55,000Fixed asset at cost 698,000Accumulated depreciation 98,000Creditors 48,000Operating expenses for December 60,000Sales for December 400,000Ending inventory 20,000Retained earnings 120,000 The following additional information was also provided to assist your work.i) Depreciation is provided at the rate of 5% on cost of non-current assets per month.ii) Closing inventory is expected to increase by RM2000 in January from December levels. This is expected to increase by the same figure in February from the projected figure in January. It is expected that in March closing inventory is desired to be RM26,000iii) The company makes a profit of 25% on its sales.iv) Operating expenses is expected to increase by 10% from that of December in January and this is projected to increase at the same growth rate until March.v) Sales is projected to grow by 15% per month from December until…Below is the information as at the end of accounting year of December 2020:Details RMDebtors 23,000Bank 55,000Fixed asset at cost 698,000Accumulated depreciation 98,000Creditors 48,000Operating expenses for December 60,000Sales for December 400,000Ending inventory 20,000Retained earnings 120,000 The following additional information was also provided to assist your work.i) Depreciation is provided at the rate of 5% on cost of non-current assets per month.ii) Closing inventory is expected to increase by RM2000 in January from December levels. This is expected to increase by the same figure in February from the projected figure in January. It is expected that in March closing inventory is desired to be RM26,000iii) The company makes a profit of 25% on its sales.iv) Operating expenses is expected to increase by 10% from that of December in January and this is projected to increase at the same growth rate until March.v) Sales is projected to grow by 15% per month from December until…
- Consider the following financial information and answer the questionsthat follow:Sales : $250,000Costs : $134,000Depreciation : $10,200Operating expenses : $6,000Interest expenses : $20,700Taxes : $18,420Dividends : $10,600Addition to Retained Earnings : $50,080Long term debt repaid : $9,300New Equity issued : $8,470New fixed assets acquired : $15,000You are required to:iv) Calculate the cash flow from assets v) Calculate net capital spending vi) Calculate change in NWC PLEASE SHOW WORKINGConsider the following financial information and answer the questionsthat follow:Sales : $250,000Costs : $134,000Depreciation : $10,200Operating expenses : $6,000Interest expenses : $20,700Taxes : $18,420Dividends : $10,600Addition to Retained Earnings : $50,080Long term debt repaid : $9,300New Equity issued : $8,470New fixed assets acquired : $15,000You are required to:iv) Calculate the cash flow from assets v) Calculate net capital spending vi) Calculate change in NWCPreparation of statement of cash flow and a statement of financial position Land $30.000 Bond payable 100.000 Bulding 120.000 Current Liabilities 150.000 Equipment 90.000 Share capital (ordinary) 180.000 Acc.depreciation bulding (30.000) Retained earnings 44.000 Acc. Depreciation building (11.000) Totaal 474.000 Patents 40.000 Current asset 235.000 Total 474.000 The following information is available for 2019 Net income was $ 55,000 Equipment cost 20,000 and aqumulated depreciation $ 8,000 was sold for $9,000 Depreciation expense was %4,000 on the building and $9,000 for equipment Patent amortize cost was $ 2,500 Currrent asset other than cash is increase by $25,000. Current liabilities increases by $ 13,000 An additional to the building was completed at a cost $16,000 Bonds payable of $50,000 were issued A long term investment in debt securities was purchased for $ 16,000 Cash devident of $25,000 were declared and paid Treasury shares were purchased at a cost $ 11,000…
- Consider the following financial information and answer the questions that follow:Sales : $250,000Costs : $134,000Depreciation : $10,200Operating expenses : $6,000Interest expenses : $20,700Taxes : $18,420Dividends : $10,600Addition to Retained Earnings : $50,080Long term debt repaid : $9,300New Equity issued : $8,470New fixed assets acquired : $15,000You are required to:iv) Calculate the cash flow from assetsv) Calculate net capital spendingvi) Calculate change in NWCLand costing $41,155 was sold for $77,036 cash. The gain on the sale was reported on the income statement as other income. On the statement of cash flows, what amount should be reported as an investing activity from the sale of land? Select the correct answer. -$41,155 -$118,191 -$77,036 -$35,881Un Company sold office equipment with a cost of $42,960 and accumulated depreciation of $39,803 for $5,640. a. what is the book value of the asset at the time of sale b, what is the amount of gain/loss on the disposal c. how would the sale affect net income and by how much d. how would the sale affect the amount of total assets shown on the balance sheet e. how would the event affect the statements of cash flows
- The following are Statement of Financial Position and Statement of ComprehensiveIncome of Lala Electronics Sdn. Bhd.Table 3: Statement of Financial Position and Statement of Comprehensive Income of Lala Electronics Sdn. Bhd. Lala Electronics Sdn. Bhd. Statement of Financial Position as at 31/12/2020Non-Current Asset: RM RMInvestment 270,000Fixed Assets at cost 1,596,000Accumulated Depreciation (857,000)Net Book Value 739,000Current Asset:Cash 178,000Account Receivable 678,000Inventory 1,329,000Prepaid Expenses 56,000 2,241,000Total assets 3,250,000Current Liabilities:Account Payable 148,000Interest Payable 36,000Income Taxes Payable 448,000Other Accrued Liabilities 191,000Total Current Liabilities 823,000Long Term Liabilities:Bank Loan 631,000Total Liabilities 1,454,000Equity:Capital 782,000Appropriate Profit (RetainedEarnings) 1,014,000 1,796,0003,250,000Lala Electronics Sdn. Bhd. Statement of Comprehensive Income for the year ended 31/12/2020RM RM Sales 3,992,000(-) COGS…FDN Company shows the following balances on December 31, 2021: Accounts receivable P250,000 Accumulated depreciation P200,000 Allowance for uncollectible accounts P57,000 Cash P200,000 Property, plant and equipment P800,000 Supplies P20,000 How much is the Current Assets in the Statement of Financial Position as of December 31, 2021?The comparative statement of financial position for Moose Jaw Ltd. is as follows:Moose Jaw Ltd.Comparative Statement of Financial PositionAs at December 312021 2020Cash $20,500 $12,500Accounts receivable 34,000 25,500Inventories 20,000 30,000Prepaid insurance 2,500 2,000Equipment 102,000 90,000Accumulated depreciation - equipment (22,500) (12,500)Total assets $156,500 $147,500Accounts payable $23,000 $20,000Interest payable 2,000 3,000Wages payable 4,000 2,000Income taxes payable 4,000 5,000Long-term note payable 30,000 34,500Common shares 65,000 65,000Retained earnings 28,500 18,000Total liabilities and equity $156,500 $147,500More information about Moose Jaw’s operations for 2021:• A machine which the company paid $10,000 for was sold for a gain of$1,000. The equipment’s accumulated depreciation was $7,000.• The company had net income for of $13,500.RequiredConstruct the operating activities section of Moose Jaw Ltd.’s statement of cashflows using the indirect method. Use proper…
