The financial statements of prosperous company appear below

Assignment Help Accounting Basics

Reference no: EM13581333

The financial statements of Prosperous Company appear below. All are in thousand Rupiahs. You are also provided with the following additional data:

1. Dividends declared and paid were Rp1.400.000.000

2. The number of common stock outstanding is 1,000,000 shares.

3. During the year, equipment was sold for Rp1.200.000.000 cash. This equipment cost Rp2.800.000.000 originally and had a book value of Rp1.200.000.000 at the time of sale.

4. All depreciation expense is in the selling expense category.

5. All sales and purchases are on account.

6. Accounts payable pertain to merchandise suppliers.

7. All operating expenses except for depreciation were paid in cash.

Reference no: EM13581333

Questions Cloud

Angela peters practiced law with a partnership for 10 years : angela peters practiced law with a partnership for 10 years. recently she opened her own law office which she operates

On january 1 a company issues bonds dated january 1 with a : on january 1 a company issues bonds dated january 1 with a par value of 400000. the bonds mature in 5 years. the

Assume that the blood from both patients follow casson : blood from two different patients is to be tested by having it glow through a long straight tube of length 10 cm and

Management is considering purchasing an asset for 42000 : management is considering purchasing an asset for 42000 that would have a useful life of 6 years and no salvage value.

The financial statements of prosperous company appear below : the financial statements of prosperous company appear below. all are in thousand rupiahs. you are also provided with

Brewer company is considering purchasing a machine that : brewer company is considering purchasing a machine that would cost 451260 and have a useful life of 6 years. the

Iu2019m looking for startup dollar figures in establishing : iu2019m looking for startup dollar figures in establishing a used car dealership i.e. initial payment annual payment

An analysis that explains any differences between the : 1. the maturity date of a note receivableis the day the note is due to be repaid. is the day the note was signed. is

In each of the following cases indicate who is responsible : in each of the following cases indicate who is responsible for reporting the income.a. dr. a instructed the hospital

User Account

All Pages