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Advanced Accounting
14th Edition
ISBN: 9781260726435
Author: Joe Ben Hoyle
Publisher: Mcgraw-hill Higher Education (us)
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Question
Chapter 4, Problem 18P
To determine
Identify the appropriate answer for the given statement from the given choices.
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Students have asked these similar questions
How much from the list above should be presented as part of noncurrent assets
4,900,000
1,000,000
4,000,000
5,500,000
The consolidated net income for 20x4 will be:
A. 106,000
B.112,000
C. 120,000
D. 130,000
A. $60,000 B. $58,240 C. $50,824 D. $40,000
Chapter 4 Solutions
Advanced Accounting
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Similar questions
- If current assets are $100,000 and current liabilities are $42,000, what is the working capital? A. 200 percent B. 50 percent C. 2.0 D. $58,000arrow_forwardhow arrived Purchase of fixed assets (10,20,000)arrow_forwardA.P75,000 and P 75,000 B.P 135,000 and P 135,000 C.P 210, 000 and P 75,000 D.P 135,000 and P 210,000arrow_forward
- I. Non-cash assets amounted toa. P125,000b. P140,000c. P130.000d. P145,000arrow_forwardWhat amount should be reported as depreciation expense in Pirn’s consolidated income statements? a. 50,000 b. 47,000 c. 44,000 d. 41,000arrow_forwardIf current assets are $100,000 and current liabilities are $42,000, what is the working capital?A. 200 percentB. 50 percentC. 2.0D. $58,000arrow_forward
- Cash Flow Asset End of year Amount Appropriate Required Return D 1 through 5 $1,500 12% 6 $8,500 By using cell references to the given datea and the function PV, Calculate the value of asset D.arrow_forwardWhat is the loss on realization of noncash assets? a. 632,000 b. 875,000 c. 855,000 d. 612,000arrow_forwardAssets 2001 2000 Cash 7,282 9,000 Short term investment 0 48,600 Acc. Receivable 632,160 351,200 Inventories 1,287,360 715,200 Total current assets 1,926,802 1,124,000 Fixed Assets Plant & Equipment 1,202,950 491,000 Less: Acc dep 263,160 146,200 939,790 344,800 Total assets 2,866,592 1,468,800 Liabilities & Equities Current liability A/c Payable 524,160 145,600 Notes payable 720,000 200,000 Accruals 489,600 136,000 total Current liability 1,733,760 481,600 Long-term debt 1,000,000 323,432 Common Stock 460,000 460,000 Retained Earning -327,168 203,768 1,132,832 987,200 Total equities 2,866,592 1,468,800 Income Statement Sales 5,834,400 3,432,000 Cost of Goods Sold 5,728,000 2,864,000 Other expense 680,000 340,000 dep 116,960 18,900…arrow_forward
- HOW MUCH SHOULD BE PRESENTED AS " TRADE AND OTHER RECEIVABLES" UNDER CURRENT ASSETS? This will be the choices: a. 1,125,000 b. 1,290,000 c. 1,600,000 d. 775,000arrow_forwardThe capitalized cost of machine P is closest to:a. $-35,405b. $-97,840c. $-354,050d. $-708,095arrow_forwardInformation on four investment proposals is given below:Investment ProposalA B C DInvestment required ........................ $(90,000) $(100,000) $(70,000) $(120,000)Present value of cash inflows ......... 126,000 138,000 105,000 160,000Net present value ............................ $ 36,000 $ 38,000 $ 35,000 $ 40,000Life of the project ............................ 5 years 7 years 6 years 6 yearsRequired:1. Compute the project profitability index for each investment proposal.2. Rank the proposals in terms of preference.arrow_forward
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