Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
The following information was obtained from the accounts of Alleg, Inc., as of December 31, 2008. It is presented in scrambled order.
Common stock, authorized 21,000 shares
at $1 par value, issued 10,000 shares
$ 10,000
Additional paid-in capital
38,000
Cash
13,000
Marketable securities
17,000
Accounts receivable
26,000
Accounts payable
15,000
Current maturities of long-term debt
11,000
Mortgages payable
80,000
Bonds payable
70,000
Inventory
30,000
Land and buildings
57,000
Machinery and equipment
125,000
Goodwill
8,000
Patents
10,000
Other assets
50,000
Deferred income taxes (long-term liability)
18,000
Retained earnings
33,000
Accumulated depreciation
61,000
Required
Prepare a classified balance sheet in report form. For assets, use the classifications of current assets, plant and equipment, intangibles, and other assets. For liabilities, use the classifications of current liabilities and long-term liabilities.
Investment in debt securities at premium. On April 1, 2014, West Company purchased $400,000 of 6% bonds for $415,750 plus accrued interest as an available-for-sale security. Interest is paid on July 1 and January 1 and the bonds mature on July 1..
macgiver brass is a brass plating firm with sales of 8 million and profits before taxes of 625000. macgiver has a loan
Simko Company issued $ 600,000, 10-year, 5 percent bonds on January 1, 2015. The bonds were issued for $ 580,000. Interest is payable annually on December 31. Using straight-line amortization, prepare journal entries to record (a) The bond issuance o..
boyles home center a retailing company has two departments bath and kitchen. the companys most recent monthly
super sales company is the exclusive distributor for a revolutionary bookbag. the product sells for 60 per unit and has
theory of interestnpv irr nominal and real amortization sinking fund twrr dwrr1. given npv-1000500v3800v8 and a rate of
What is the net realizable value of Sorter Company's accounts receivable before the write-off of the Ordonez receivable?
John has been offered a job in New York City at a salary of $50,000 per year. Currently, John lives and works in the Midwest at a salary of $35,000 per year.
A soft drink maker wants to expand into a neighboring country. They want the product bottled in that country to avoid political issues and to enhance the local image of the product.
discuss the impact of the sarbanes-oxley act on financial reporting and disclosure and assess whether or not you
When convertible debt is retired by the issuer, any material difference between the cash acquisition price and the carrying amount of the debt should be
american fabrics has budgeted overhead costs of 1259280. it has allocated overhead on a plantwide basis to its two
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd