User Account

All Pages

Prepare the liabilities section of pedricks balance sheet

Assignment Help Accounting Basics
Reference no: EM13543387

Pedrick, Inc. reports the following liabilities (in thousands) on its January 31, 2012, balance sheet and notes to the financial statements.

825_Prepare the liabilities section.PNG

Instructions

(a) Identify which of the above liabilities are likely current and which are likely longterm. Say if an item fits in neither category. Explain the reasoning for your selection.

(b) Prepare the liabilities section of Pedrick's balance sheet as at January 31,2012.

Reference no: EM13543387

Questions Cloud

What portion of the total contract price : Same facts as those shown on page 1139 except that Hamilton uses the cost-recovery method of accounting, what portion of the total contract price would be recognized as revenue in2013?
What is the cost of the raw materials requisitioned : What is the cost of the raw materials requisitioned in June for each of the three jobs and how much direct labor cost is incurred during June for each of the three jobs?
Prepare an income statement for july : Prepare an income statement for July, a retained earnings statement for July, and a balance sheet as of July 31 - Determine the amount of retained earnings as of July 1 of the current year.
What is the dollar amount of income : London purchased a piece of real estate last year for $82,200. The real estate is now worth $103,400. If London needs to have a total return of0.20 during the year, then what is the dollar amount of income that she needed to have to reach her obje..
Prepare the liabilities section of pedricks balance sheet : Identify which of the above liabilities are likely current and which are likely longterm. Say if an item fits in neither category. Explain the reasoning for your selection.
What would the trailing hose manometer reading be : A pressure quantity survey is being undertaken in an access decline used as an intake airway to an underground mine. The survey uses both traverse barometer and trailing hose methods.
Find the velocity of sphere a and wedge b immediately after : At an angle of α=30°with the vertical, a 5kg sphere is suspended on a string of length .8m with a initial velocity of 1.2m/s, it colides with wedge B. ε=.7 between the .9kg wedge and sphere
Under what situation shall engineers use jacking at one end : Sometimes the side of concrete bridges is observed to turn black in colour. What is the reason for this phenomenon? In prestressing work, if more than one wire or strand is included in the same duct, why should all wires/strands be stressed at the sa..
Determine the young modulus of the steel alloy and the : A round steel alloy bar with a diameter of 0.75 in and a gauge length of 3.0 in was subjected to tension, with the results shown in the accompanying table. using a computer spread sheet program, plot the stress-strain relationship. from the graph, de..

Reviews

Write a Review

Accounting Basics Questions & Answers

  Heritage insurance co is a regional insurance company that

heritage insurance co. is a regional insurance company that began operations on january 12012. the following

  Cash dividend on common stock

A company declared a cash dividend on its common stock in December 2010, payable in January 2011.

  Simple interest on savings account balances

First City Bank pays 8 percent simple interest on its savings account balances, whereas Second City Bank pays 8 percent interest compounded annually. If you made a $5,000 deposit in each bank, how much more money would you earn from your second Ci..

  What is the total manufacturing costs assigned to job

Weaver Company's predetermined overhead rate is $18.00 per direct labor-hourand its direct labor wage rate is $12.00 per hour.

  During the year equipment was sold for 9700 cash this

presented below and on the next page are the ?nancial statements of rajesh company. rajesh company comparative balance

  A company purchased a machine valued at 66000 it traded in

a company purchased a machine valued at 66000. it traded in an old machine for a 9000 trade-in allowance and the

  What predetermined overhead rates are used

What predetermined overhead rates would be used in Dept A and Dept B, respectively?

  Common source of asset write-offs

What is a common source of asset write-offs?

  Return of capital and capital gain

The partners share equally in partnership capital, income, gain, loss, deduction, and credit and capital is not a material income-producing factor.

  Determining margin of safety

If a business had a capacity of $10,000,000 of sales, actual sales $6,000,000, break-even sales of $4,500,000, fixed costs of $1,800,000, and variable costs of 60% of sales, what is the margin of safety expressed as a percentage of sales?

  Concept regarding transactions

The company can identify separately the cost of the product and services and has determined that fair value of the products and services is the selling price (VSOE). Under both US GAAP and IFRS, which of the following statements would be correct r..

  Suzy owns a 25 capital and profits interst in the

suzy owns a 25 capital and profits interst in the calendar-year sjdv partnership. her adjusted basis for her

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