Calculate and show the values for current assets

Assignment Help Financial Accounting

Reference no: EM133432751

Question: To prepare a 2022 Statement of Financial Position for Misty International the following information is available:

Cash: $145,000
Patents & Copyrights: $225,000
Accounts Payable: $134,000
Accounts Receivable: $146,000
Tangible Net Fixed Assets: $1,255,000
Inventory: $234,000
Notes Payable: $125,000
Retained Earnings: $645,000
Long-term Debt: $694,000

Calculate and show the values for Current Assets, Net Fixed Assets, Current Liabilities, Total Liabilities, and Equity.

Reference no: EM133432751

Questions Cloud

What is the acb of smalls non-depreciable assets : Big and Small amalgamated on January 1 of the current year. What is the ACB of Small's non-depreciable assets in the corporation formed by amalgamation

What advantages does the sophia ddm system : What advantages does the Sophia DDM system have compared to the approach attempted by MD Anderson, as described in the previous case.

How much does he need to invest every quarter : If Dain wants $50,000 after 3 years to make a down payment on a house, how much does he need to invest every quarter, into an account that pays 6% compounded

When should you use hard disks : When should you use tape? When should you use hard disks? When is cloud storage a good alternative for backups?

Calculate and show the values for current assets : Calculate and show the values for Current Assets, Net Fixed Assets, Current Liabilities, Total Liabilities, and Equity.

How comfortable are you using excel for business purposes : What has been your experience in this class using Excel to solve math problems? At this point, how comfortable are you using Excel for business purposes?

Project the net operating income for the next five year : To account for any time that may be necessary to find new tenants after the first leases expire, vacancy is estimated to be 10 percent of EGI for the last two

What impact will this have on melissas 2022 oas payments : Melissa is 69 years old and has been retired for a few years. Jessica's income in 2021 was $116,895. What impact will this have on Melissa's 2022 OAS payments

What is the ideal reporting structure for a ciso : What trends are impacting the role of the Chief Information Security Officer (CISO) in organizations? What is the ideal reporting structure for a CISO?

User Account

All Pages