plz solve this question?? The following are the balances stood in the books of Middle East Bank Limited for Year 2020.OMROMR('000)Fixed Deposits('000)70Drafts Payable42,60019,000Savings DepositsUnclaimed Dividends60RebateDiscountedBills50onCurrent Accounts23,200Money at call and short noticeGovernment SecuritiesShort borrowingsFurniture and Fixture4,7501,1641,8009,00016,0002,190Other InvestmentsOther Assets336Profit for the yearPremises (after depreciation)Cash in handShare CapitalStatutory ReserveCash with Central Bank4,0002,9506,20038010,0003,800Cash with other banks6,00051,000Bills DiscountedLoans, Cash Credits, OverdraftsYou are required to prepare the Balance Sheet of the Bank as on 31* Dec.2020 by providingan additional statutory reserve of OMR 310

Balance Sheet is a statement showing balances of Real and Personal Accounts in a systematic manner.…

The following are the balances stood in the books of Middle East Bank Limited for Year 2020. OMR OMR ('000) 42,600 19,000 ('000) Fixed Deposits Savings Deposits Drafts Payable Unclaimed Dividends Rebate Discounted Short borrowings Furniture and Fixture 70 60 on Bills Current Accounts Money at call and short notice Government Securities Other Investments Profit for the year Premises (after depreciation) Cash in hand Cash with other banks Loans, Cash Credits, Overdrafts 23,200 50 1,800 9,000 16,000 4,750 1,164 Other Assets 336 Share Capital Statutory Reserve Cash with Central Bank Bills Discounted 2,190 4,000 6,200 10,000 3,800 2,950 380 6,000 51,000 You are required to prepare the Balance Sheet of the Bank as on 31 Dec.2020 by providing an additional statutory reserve of OMR 310

The following are the balances stood in the books of Middle East Bank Limited for Year 2020. OMR OMR ('000) 42,600 19,000 ('000) Fixed Deposits Savings Deposits Drafts Payable Unclaimed Dividends Rebate Discounted Short borrowings Furniture and Fixture 70 60 on Bills Current Accounts Money at call and short notice Government Securities Other Investments Profit for the year Premises (after depreciation) Cash in hand Cash with other banks Loans, Cash Credits, Overdrafts 23,200 50 1,800 9,000 16,000 4,750 1,164 Other Assets 336 Share Capital Statutory Reserve Cash with Central Bank Bills Discounted 2,190 4,000 6,200 10,000 3,800 2,950 380 6,000 51,000 You are required to prepare the Balance Sheet of the Bank as on 31 Dec.2020 by providing an additional statutory reserve of OMR 310

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter9: Long-term Liabilities

Section: Chapter Questions

Problem 89E: Ratio Analysis Rising Stars Academy provided the following information on its 2019 balance sheet and...

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Leverage Cook Corporation issued financial statements at December 31, 2019, that include the following information: Balance sheet at December 31,2019 Assets $8,000,000 Liabilities $1,200,000 Stockholders' equity (300,000 shares) $6,800,000 Income statement for 2019: Income from operations $1,200,000 Less: Interest expense (100,000) Income before taxes $1,100,000 Less: Income taxes expense (0,30) (330,000) Net income $ 770,000 The levels of assets, liabilities, stockholders' equity, and operating income have been stable in recent years; however, Cook Corporation is planning a 51,800,000 expansion program that will increase income from operations by $350,000 to $1,550,000, Cook is planning to sell 8.5% notes at par to finance the expansion. Required: What earnings per share does Cook report before the expansion?
1. PGold Company provided the following trial balance on December 2020: Total credits amounting to P3,000,000 as follows; Bank overdraft P100,000, Accounts Payable P200,000, Accrued expenses P150,000, Ordinary share capital P1,500,000, Share premium P250,000, Retained earnings P800,000. Total debits of P3,000,000 composed the following; Accounts receivable P350,000, Inventory P600,000, Prepaid expenses P100,000, Land held for sale P1,000,000, Property, plant & equipment P950,000. Additional information: Checks amounting to 300,000 were written to vendors and recorded on December 29, 2020 resulting in a cash overdraft of P100,000. The checks were mailed on January 15, 2021. Land held for resale was sold for cash on January 31, 2021. The entity issued the financial statements on March 31, 2021. What is the total shareholders equity?
1. PGold Company provided the following trial balance on December 2020: Total credits amounting to P3,000,000 as follows; Bank overdraft P100,000, Accounts Payable P200,000, Accrued expenses P150,000, Ordinary share capital P1,500,000, Share premium P250,000, Retained earnings P800,000. Total debits of P3,000,000 composed the following; Accounts receivable P350,000, Inventory P600,000, Prepaid expenses P100,000, Land held for sale P1,000,000, Property, plant & equipment P950,000. Additional information: Checks amounting to 300,000 were written to vendors and recorded on December 29, 2020 resulting in a cash overdraft of P100,000. The checks were mailed on January 15, 2021. Land held for resale was sold for cash on January 31, 2021. The entity issued the financial statements on March 31, 2021. What total amount should be reported as as current assets?
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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…
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