Reference no: EM131262331
The following information is taken from the records of ROK Corporation at December 31, 2010:
Accounts Payable - 2,100
Common Stock - 14,000
Inventories - 3,000
Land - 10,000
Note Payable (due Dec 31, 2015) - 11,300
Cash - 6,600
Accounts Receivable - 10,000
Investment in Real Estate - 7,200
Office Equipment - 24,000
Accumulated Depreciation: Office Equipment - 5,000
Trademark - 3,100
Note Payable (due Sep 1, 2011) - 11,000
Salaries Payable - 2,950
Retained Earnings - 20,050
Supplies - 2,500
What are current assets, long term nvestments, Net property, plant, and equpment, intangible assets, current liabilities, long term liabilities, stockholders' equity?
|
Payroll expenses and liabilities
: On January 15, the end of the first biweekly pay period of the year, North Company’s payroll register showed that its employees earned $28,000 of sales salaries. Prepare the journal entry to record North Company’s January 15 (employee) payroll expens..
|
|
Shares of common stock outstanding
: Anderson Steel Company began 2016 with 500,000 shares of common stock outstanding. On March 31, 2016, 160,000 new shares were sold at a price of $70 per share. The market price has risen steadily since that time to a high of $75 per share at December..
|
|
As part of its executive compensation plan
: As part of its executive compensation plan, Vertovec Inc. granted 69,000 of its no par common shares to executives, subject to forfeiture if employment is terminated within three years. Compute Vertovec’s basic and diluted earnings per share for the ..
|
|
Compute basic and diluted earnings per share
: On December 31, 2015, Berclair Inc. had 600 million shares of common stock and 16 million shares of 9%, $100 par value cumulative preferred stock issued and outstanding. Compute Berclair’s basic and diluted earnings per share for the year ended Decem..
|
|
What are current assets-long term nvestments-net property
: The following information is taken from the records of ROK Corporation at December 31, 2010: What are current assets, long term nvestments, Net property, plant, and equpment, intangible assets, current liabilities, long term liabilities, stockholders..
|
|
Manufactures sun protection lotion
: ABC Company manufactures sun protection lotion. The Mixing Department, the first process department, mixes the chemicals required for the repellent. The following data are for the current month: Direct materials are added at the beginning of the proc..
|
|
Variety of musical instruments-sound reproduction equipment
: Wildhorse Music Emporium carries a wide variety of musical instruments, sound reproduction equipment, recorded music, and sheet music. Wildhorse uses two sales promotion techniques—warranties and premiums—to attract customers. Musical instruments and..
|
|
Cost of ending work in process under weighted average method
: Ralph Inc. manufactures a product that passes through two processes: Mixing and Packaging. All manufacturing costs are added uniformly in the Mixing Department (i.e., same completion percentage applied to direct materials and conversion costs). Dete..
|
|
What is the future worth of the bank account in year
: A bank account earns 0.06% per year compounded bimonthly. An initial deposit of $80,000 is made with consecutive payments of $1,000 every 3 months for 10 years. Semiannual withdrawals of $3,000 are planned to occur beginning in years 3 to 10. What is..
|