The following information is for SQU Company . Trademark 70.000 Share Capital 120.000 Land 90,000 Retained Earnings 250,000 Building 100 000 Accumulated Depreciation 20,000 , Land held for investment 75,000 Account Payable 60,000 Prepaid Insurance 30,000 Salaries Payable 10,000 : Loans Payable 70,000 , Mortgage Payable 90,000 Accounts Receivable 50,000 Cash 65,000 The total amount of liabilities to be classified as non - current liabilities is?

The following information is for SQU Company . Trademark 70.000 Share Capital 120.000 Land 90,000 Retained Earnings 250,000 Building 100 000 Accumulated Depreciation 20,000 , Land held for investment 75,000 Account Payable 60,000 Prepaid Insurance 30,000 Salaries Payable 10,000 : Loans Payable 70,000 , Mortgage Payable 90,000 Accounts Receivable 50,000 Cash 65,000 The total amount of liabilities to be classified as non - current liabilities is?

Name: The following information is for SQU Company . Trademark 70.000 Share
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Description: The following information is for SQU Company . Trademark 70.000 Share Capital 120.000 Land 90,000 Retained Earnings 250,000 Building 100 000 Accumulated Depreciation 20,000 , Land held for investment 75,000 Account Payable 60,000 Prepaid Insurance 30

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter14: Statement Of Cash Flows

Section: Chapter Questions

Problem 37E: During 20X1, Craig Company had the following transactions: a. Purchased 300,000 of 10-year bonds...

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Balance sheets for Brierwold Corporation follow: Additional transactions were as follows: a. Purchased equipment costing 50,000. b. Sold equipment costing 60,000, with a book value of 25,000, for 40,000. c. Retired preferred stock at a cost of 110,000. (The premium is debited to Retained Earnings.) d. Issued 10,000 shares of common stock (par value, 4) for 10 per share. e. Reported a loss of 15,000 for the year. f. Purchased land for 50,000. Required: Prepare a statement of cash flows using the indirect method.
During 20X1, Craig Company had the following transactions: a. Purchased 300,000 of 10-year bonds issued by Makenzie Inc. b. Acquired land valued at 105,000 in exchange for machinery. c. Sold equipment with original cost of 810,000 for 495,000; accumulated depreciation taken on the equipment to the point of sale was 270,000. d. Purchased new machinery for 180,000. e. Purchased common stock in Lemmons Company for 82,500. Required: 1. Prepare the net cash from investing activities section of the statement of cash flows. 2. CONCEPTUAL CONNECTION Usually, the net cash from investing activities is negative. How can Craig cover this negative cash flow? What other information would you like to have to make this decision?
Choose the letter of the correct answer. How much is the total assets, liabilities and shareholder' equity of Tom Corporation? (check the picture attached) a. Asset = P 326,000; Liabilities = P 130,000; Shareholder's equity = P 196,000 b. Asset = P 320,000; Liabilities = P 136,000; Shareholder's equity = P 184,000 c. Asset = P 200,000; Liabilities = P 70,000; Shareholder's equity = P 130,000 d. Asset = P 326,000; Liabilities = P 180,000; Shareholder's equity = P 146,000
The owner's capital is ₱150,000. The creditors have 60% claims on total assets. What is the correct amount of total assets? ₱250,000 ₱60,000 ₱90,000 ₱375,000 The owner's equity of BSA Company is ₱90,000 representing 30% of the total assets. How much is the amount of total its total liabilities? ₱120,000 ₱210,000 ₱300,000 ₱200,000 My Fried Towel Company collected a note of ₱200,000 plus interest of ₱20,000. The total assets of the company has increased by: ₱220,000 ₱200,000 ₱20,000 ₱180,000
Liabilities OMR Assets OMR Share capital 400,000 Land and building 280,000 Net profit 60,000 Plant and machinery 700,000 General reserve 80,000 Stock 400,000 Debentures 840,000 Debtors 200,000 Creditors 200,000 Bills receivables 20,000 Bills payable 100,000 Cash 80,000 Total 1,680,000 Total 1,680,000 1- calculate Capital Employed 2-Calculate Shareholders Equity
The following were extracted from the books of A. Ltd: Equipment $40,000, a Land and Building $150,000 , Cash $3, 000, Stock $2,000, Mortgage $60,000, and creditors $10,000, accruals $5,000 : a) The correct fixed assets amounts to: $190,000 $195,000 $100,000 $5,000 b) The correct current assets amounts to: $190,000 $195,000 $100,000 $5,000 c) The correct current liabilities amounts to: $75,000 $10,000 $65,000 $15,000 d) The correct long-term liability amounts to: $75,000 $10,000 $65,000 $60,000 e) The total assets amounts to: $190,000 $195,000 $250,0000 $5,000 f) The total liabilities amounts to: $60,000 $70,000 $75,000 $65,000
The following information is for Sandoval Company: Sandoval Company Balance Sheet December 31, 2021 Cash $ 25,000 Accounts Payable $ 60,000 Accounts Receivable 50,000 Salaries and Wages Payable 15,000 Prepaid Insurance 30,000 Mortgage Payable 85,000 Inventory 70,000 Total Liabilities 160,000 Land Held for Investment 85,000 Land 120,000 Buildings $100,000 Common Stock $120,000 Less Accumulated Retained Earnings 250,000 370,000 Depreciation (20,000) 80,000…
How much is the total free assets? The following data were taken from the statement of affairs of TW CORP: Shareholder's equity- P441,000 Salaries-50,000 Bonds payable (unsecured)-735,000 Loss on asset realization-551,250 Accounts payable-P367,500 Taxes-72,500 Trustees expenses-55,125 A.953,575 B.1,114,750 C.1,059,625 D.992,250
Current Assets P 1,375,000Property, plant and equipment 3,375,000Other non-current assets 500,000Total Assets P 5,250,000 Liabilities and Shareholders’ equity Total liabilities P 1,500,000Ordinary shares, P10 par value 4,000,000Additional paid in capital 750,000Deficit (1,000,000)Total liabilities and equity P 5,250,000The stockholders and creditors approved the quasi reorganization effective July 1,2011, to be accomplishedby a reduction in property, plant and equipment (net) P 875,000, a reduction in other non-current assets ofP375,000, and a reduction in par value from P10 to P51. Logan’s July 1 balan ce sheet after the quasi-reorganization should show total assets ofa. P 4,000,000b. P 2,500,000c. P 4,375,000d. P 3,875,0002. The balance in additional paid in capital after the quasi-reorganization on July 1 is:a. P 750,000b. P 2,000,000c. P 500,000d. P-0-3. Logan’s deficit after the quasi -reorganization on July 1,2011 should be:a. P 750,000b. P 250,000c.…
he data below are selected account balances taken from the financial statements of the Goat Corporation: Income Statement: 2023 Net income 98,500 Depreciation expense 23,500 Patent Amortization 7,000 Gain on sale of investments 11,000 Balance Sheet: 2023 Cash 140,350 Accounts Receivable 95,300 Inventories 165,200 Prepaid Expenses: 6,240 Accounts Payable: 43,500 Accrued Expenses Payable: 14,000 Income Taxes Payable: 7,900 Common Stock 450,000 Paid in Capital in Excess of Par-Common Stock 66,250 Dividends Payable: 14,000 Investments: 35,700 Balance Sheet: 2022. ..................Increase(decrease) Cash 95,900 Accounts Receivable 102,300 Inventories 157,900 Prepaid Expenses 5,860 Accounts Payable 46,700 Accrued Expenses Payable: 12,500 Income Taxes Payable 8,400 Common Stock 375,000 Paid in Capital in Excess of Par-Common Stock 41,250 Dividends Payable 10,000 Additional Information for 2023: Land costing $15,000 was sold for $15,000 Mortgage note was issued for $40,000 A…
Susan Company experienced the following transactions during the current year: 1.Purchased machinery for P 500,000 cash 2.Purchase land and building for P 5,500,000 cash, including an appraiser’s fee of P 100,000. An appraisal indicated fair value as follows: Land 2,000,000 and Building 3,000,000. 3.Invested in 5,000 shares of another entity at P 100 per share. Subsequently, Susan Company exchanged the 5,000 shares for a delivery Record the transactions and compute for the total PPE
The following balances were extracted from the books of TopWatch Sdn Bhd for the year ended 31 December 2021. Dr (RM) Cr (RM) Land 500,000 Building 200,000 Motor vehicles 120,000 Plant and machinery 70,000 Retained profit as at 1.1.2021 312,150 8% debenture 150,000 Ordinary share 230,000 Acc depreciation as at 1.1.2021 : -Building 60,000 -Motor Vehicles 69,250 -Plant & Machinery 40,000 Returns 3,600 4,100 Revenue 700,000 Purchases 400,000 Discounts 5,000 3,500 Carriage inwards 7,700 Carriage outwards 8,000 Opening inventory 52,000 7% Preference shares 50,000 Provision for bad debts 2,000 Trade receivables / Trade payable 66,000 43,200 General reserve 25,000 Advertising 18,000 Staff training cost 4,000 Bad debts 12,500 Motor expenses 27,000 Rental 90,000 Bank 7,600 Wages and salaries 115,000 Proceed from sale of motor vehicles 8,000 Debenture interest 6,000…