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!
Problem - The following data, presented in alphabetical order, are taken from the records of Radar Corporation.
Accounts payable
$240,000
Accounts receivable
140,000
Accumulated depreciation-buildings
180,000
Accumulated depreciation-equipment
52,000
Allowance for doubtful accounts
6,000
Bonds payable (10%, due 2020)
500,000
Buildings
950,000
Cash
42,000
Common stock ($10 par value; 500,000 shares authorized, 150,000 shares issued)
1,500,000
Dividends payable
80,000
Equipment
275,000
Fair value adjustment-non-trading securities (Dr)
8,000
Goodwill
200,000
Income taxes payable
120,000
Inventory
170,000
Investment in Mara common stock (30% ownership), at equity
380,000
Investment in Sasse common stock (10% ownership), at cost
278,000
Land
390,000
Notes payable (due 2015)
70,000
Paid-in capital in excess of par-common stock
130,000
Premium on bonds payable
40,000
Prepaid insurance
16,000
Retained earnings
103,000
Short-term investment, at fair value (and cost)
Unrealized gain-non-trading securities
The investment in Sasse common stock is considered to be a long-term non-trading security. Prepare a classified balance sheet at December 31, 2014.
define and write about the difference between the cash and accrual methods accounting? how would the financial
However, they will have some common characteristics. What are some of them? How is it used to achieve the company's goals
considering genesiss aggressive growth plan sensible essentials suggested that its client should broaden the scope of
Ratio analysis Use the following information to complete the balance sheet below Use 365 day calendar Current ratio = 5 Current liabilities = 5 million Credit sales = 25 million Average collection period = 30 Inventory turns = 8 Total asset turns ..
Lacks commercial substance. Montgomery's year ends on December 31, and depreciation has been recorded through December 31, 2010.
Why do you think some large, well-known companies such as Cisco Systems, Intel, and Microsoft prefer to trade on the Nasdaq OMX markets.
Create income statements using absorption costing, assuming that Stuart Glass makes 1,000, 1,250, and 1,500 lamps during the year.
All students will be expected to create an analysis of a company and prepare a Word document (your report) plus a PowerPoint presentation that summarizes the report.
Consider a 5-year balloon loan for $100,000. The bank requires a monthly payment equal to that of a 30-year fixed-rate loan with a nominal annual rate of 5.5%. How much will the borrower owe when the balloon payment is due?
The fair values of the swap are quotes obtained from a derivatives dealer. Those quotes and the fair values of the note are as follows:
If the collection period of a company is 31 days, and average receivables is $70,060, what is the total amount of the credit sales?
Explain the Constructive Receipt Doctrine. What role does the U.S. Congress play in creating the tax law? Briefly explain how a tax bill becomes a tax law.
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