Evaluate the net income of each company

Assignment Help Financial Accounting
Reference no: EM13535423

Four different corporations-W, X, Y, and Z-show the same balance sheet data at the beginning and end of a year. These data, exclusive of the amount of stockholders' equity, are summarized as follows:

 

Total
Assets

Total
Liabilities

Beginning of the year

$375,000

$150,000

End of the year

600,000

325,000

On the basis of the above data and the following additional information for the year, determine the net income (or loss) of each company for the year. (Hint: First determine the amount of increase or decrease in stockholders' equity during the year.)

Company W: No additional capital stock was issued, and no dividends were paid. Company X: No additional capital stock was issued, but dividends of $30,000 were paid.

Company Y: Capital stock of $75,000 was issued, but no dividends were paid.

Company Z: Capital stock of $75,000 was issued, and dividends of $30,000 were paid.

Reference no: EM13535423

Questions Cloud

What is the price of a perpetuity : What is the price of a perpetuity that has a coupon of $50 per year and a yield to maturity of 2.5%? If the yield to maturity doubles, what will happen to its price?
Air molecules in an otherwise empty room : Consider 10 air molecules in an otherwise empty room. Find the probability that exactly four molecules are in the front third and exactly six in the top half, exactly three molecules are both in the front third and the top half (that is, the same mol..
Find the shortest time it takes for gabriela to catch up : Gabriela, hunting for her favorite wooden horse, is running on the ground around the edge of a stationary merry-go-round. find the shortest time it takes for Gabriela to catch up with the horse
Explain which contain atoms from the third row or lower : Draw electron-dot structures for the following molecules, which contain atoms from the third row or lower.
Evaluate the net income of each company : On the basis of the above data and the following additional information for the year, determine the net income of each company for the year.
How to evaluate the benefits of each of the two policies : How to evaluate the benefits of each of the two policies?
What would altitude be right before it starts a tail-slide : At a total loss how to figure out this answer - If you are flying an aircraft at 250 KTAS (422.5 fps) at 15,000 ft stable flight and you wanted to perform a climb (Nose attitude greater than 60 deg) to zero airspeed, assuming constant drag, thrust an..
Explain the ph at the equivalence point for the titration : Calculate the pH at the equivalence point for the titration of .25 M CH3COOH with M NaOH.
Determine what was its final speed in rpm : Pilots can be tested for the stress of flying high-speed jets in a whirling "human centrifuge" which takes 1.0 min to turn through 20 complete revolutions before reaching its final speed. what was its final speed in rpm

Reviews

Write a Review

Financial Accounting Questions & Answers

  Analyze the issues and provide recommendations

Provide an assessment of the accountant's ethical responsibilities in the case situation.

  Calculate the net present value of the proposed investment

Explain the treatment of each item of your corrected calculations that is treated differently from the original analysis prepared by the sales manager.

  Prepare the current liabilities section of the balance

Calculate the employers payroll taxes and prepare the Current Liabilities section of the balance sheet for Carabiner Co. on March 31, 2013

  Prepare a statement of cash flows for year ended

Prepare a statement of cash flows for year ended December 31, 2014. Use the indirect method for cash flows from operating activities and how can users of financial statements utilize statement of cash flows in making informed decisions?

  Prepare a range of financial statements

Demonstrate an understanding of basic accounting concepts and how these apply apply to business, outline and contrast cash and accrual bases on accounting and prepare a range of financial statements

  What are generally accepted accounting principle

What are generally accepted accounting principles (GAAP)? Who currently develops and issues GAAP? What is the purpose of GAAP?

  Flyer company sells a product in a competitive marketplace

Market analysis indicates that their product would probably sell at $48 per unit. Flyer management desires a 12.5% profit margin on sales. Their current full cost per unit for the product is $44 per unit.

  Calculations of the current ratio

Describe the appropriate means of reporting each situation and explain your reasoning and is this practice ethical -Provide arguments both for and against.

  Ratio analysis from given income statementlucrative

ratio analysis from given income statement.lucrative corporationconsolidated income statementyear ended december 31

  Cash flows from operating activities and net income

Cash flows from operating activities and Net income will be increased or adjusted upward and Net income will be decreased or adjusted downward.

  Evaluate the selling price without the discount

An analysis of a recent sale of five building sites revealed a quantity discount of 33%. How much should the selling price be multiplied by in order to determine the selling price without the discount?

  This project should be completed using excel with formulas

this project should be completed using excel with formulas and linked data. the parameters of the project are below1.

Free Assignment Quote

Assured A++ Grade

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd