Refer to the following data of OCT2023CPACompany: Assets to be realized 1,375,000 Assets acquired 825,000 Liabilities liquidated 1,875,000 Assets realized 1,200,000 Liabilities not liquidated 1,700,000 Assets not realized 1,375,000 Llabilities assumed 1,625,000 Llabilities to be liquidated 2,250,000 Supplementary charges 3,125,000 Supplementary credits 2,800,000 Compute the beginning cash balance assuming that the ending balance of ordinary share and retained earnings are P1,200,000 and (400,000), respectively

Refer to the following data of OCT2023CPACompany: Assets to be realized 1,375,000 Assets acquired 825,000 Liabilities liquidated 1,875,000 Assets realized 1,200,000 Liabilities not liquidated 1,700,000 Assets not realized 1,375,000 Llabilities assumed 1,625,000 Llabilities to be liquidated 2,250,000 Supplementary charges 3,125,000 Supplementary credits 2,800,000 Compute the beginning cash balance assuming that the ending balance of ordinary share and retained earnings are P1,200,000 and (400,000), respectively

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter9: Metric-analysis Of Financial Statements

Section: Chapter Questions

Problem 9.23E: Unusual income statement items Assume that the amount of each of the following items is material to...

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Refer to the following data of SG Company: Assets to be realized1,375,000Liabilities liquidated1,875,000Assets acquired825,000Liabilities not liquidated1,700,000Assets realized1,200,000Liabilities to be liquidated2,250,000Assets not realized1,375,000Supplementary charges3,125,000Liabilities assumed1,625,000Supplementary credits2,800,000Compute the beginning cash balance assuming that the ending balance of ordinary share and retained earnings are P1,200,000 and (400,000), respectively.
Refer to the following data of SG Company: Assets to be realized1,375,000Liabilities liquidated1,875,000Assets acquired825,000Liabilities not liquidated1,700,000Assets realized1,200,000Liabilities to be liquidated2,250,000Assets not realized1,375,000Supplementary charges3,125,000Liabilities assumed1,625,000Supplementary credits2,800,000Compute the beginning cash balance assuming that the ending balance of ordinary share and retained earnings are P1,200,000 and (400,000), respectively.A. P1,325,000b. P1,475,000c. P2,075,000d. P1,450,000
PROBLEM 6The following data were taken from the statement of realization andliquidation of CRASHED CO.Assets to be realized 1,375,000 Assets acquired 750,000Supplementary credits 2,800,000 Assets realized 1,200,000Liabilities to be liquidated 2,250,000 Liabilities assumed 1,625,000Supplementary charges 3,125,000 Assets not realized 1,375,000Liabilities liquidated 1,875,000 Liabilities not liquidated 1,700,000The ending balances of capital stock and retained earnings are P1,500,000 and P238,000, respectively. A net loss of P738,000 was reported for the period. Requirements: 1) What is the net gain/(loss) for the three-month period?A. (325,000) C. 425,000B. 250,000 D. 750,0002) How much is the ending balance of cash?A. 425,000 C. 1,325,000B. 575,000 D. 1,375,000
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Statement of Realization & Liquidation of Riverdale is presented below: ASSETS: Assets to be realized - 1,375,000 Assets acquired- 250,000 Assets realized - 1,200,000 Assets not realized - 400,000 LIABILITIES: Liabilities liquidated - 1,875,000 Liabilities not liquidated - 1,700,000 Liabilities to be liquidated - 2,250,000 Liabilities assumed 1,625,000 Supplementary charges - 500,000 Supplementary credits - 655,000 1. If cash balance at the end is P1,500,000, how much is the beginning shareholders' equity? A. (230,00) B. (25,000) C. 630,000 D. 200,000
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Orbit Limited : Statement of Financial Position as at 31 December 2022 2021 Non-current Assets R11 810 000 R7 560 000 Property, Plant, Equipment R10 025 000 R6 250 000 Investments R1 785 000 R1 310 000 Current Assets R4 190 000 R4 690 000 Inventories R 1 875 000 R2 350 000 Account Receivable R1 925 000 R2 200 000 Cash R390 000 R140 000 Toatal Assets R16 000 000 R12 250 000 Equities & Liabilities Equity ? ? Oridanary share capital R5 480 000 R3 680 000 Retained earnings ? ? Non-current Liabilities R4 500 000 R3 800 000 Loan (20% p.a) R4 500 000 R3 800 000 Current Liabilities R2 300 000 R1 500 000 Accounts payable? R2 300 000 R1 500 000 Calculate the increase in the retained earnings over the two-year period.
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The following data were taken from the statement of realization and liquidation of XYZ Corporation for the quarter ended September 30, 2008: Assets to be realized P 330,000 Assets acquired 360,000 Assets realized 420,000 Assets not realized 150,000 Liabilities to be liquidated 540,000 Liabilities assumed 180,000 Liabilities liquidated 360,000 Liabilities not liquidated 450,000 Supplementary credits 510,000 Supplementary charges 468,000 The ending balances of capital stock and retained earnings are P300,000 and P120,000,respectively. 1. How much is the ending balance of cash?