User Account

All Pages

Prepare the balance sheet and income statement

Assignment Help Financial Accounting
Reference no: EM13962997

Prepare the 2015 Balance sheet and Income statement for the Hogan's Accessories Inc. using the following information-

Cash $72,000

Accounts receivables $439,000

inventories $894,000

land and buildings $238,000

Machinery $132,000

Other equipment $61,000

Accounts Payable $432,000

Accrued liabilities $170,000

Long term debt $404,290

Common Stock $575,000

Retained earnings $254,710

Sales $4,290,000

Material and Labor 3,580,000

Administrative and Advertising 236,320

Depreciation expense 159,000

Interest Expense $134,000

tax 40%

Number of shares common stock 23,000

Dividend per share $0.95

Reference no: EM13962997

Questions Cloud

Summarize the above information in a table : a) Summarize the above information in a table b) Assuming that the factory can sell all the printers and scanners that it assembles, formulate the above information into a Linear Programming problem.
Compare and contrast the various hrm styles : Compare and contrast the various HRM styles and philosophies to explain how HRM can contribute to the successful strategic management of a firm.
The charges on the smaller and larger spheres : A 5cm radius conducting sphere has a charge density of 2*10^-6C/m^2 on its surface. Its electric potetial relative to the potential far away is:
Why the traditional and activity based cost assignments : Using Exhibit 7-13 as a guide, prepare a quantitative comparison of the traditional and activity-based cost assignments. Explain why the traditional and activity-based cost assignmentsdiffer.
Prepare the balance sheet and income statement : Prepare the 2015 Balance sheet and Income statement for the Hogan's Accessories Inc. using the following information.
How much less fresh than the main course will the dessert be : If the ?rst package travels with constant speed and takes time ΔT = 5.0 days to arrive as measured by the crew member on the space station, what distance does it travel in the frame of reference of the space station? Give your answer in units of l..
Gene therapy in hemophilia : Written review article on chosen biotechnology research topic - gene therapy in hemophilia
What are five basic elements in traditional chinese belief : What are five basic elements in traditional Chinese belief? Describe the origins of Daoism (Taoism) and identify its key teachings (in particular, the Dao).
Minimize the sum of the trim and surplus waste : Letting xj denote the number of reels cut according to pattern j, formulate and solve an LP to minimize the sum of the trim and surplus waste.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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