User Account

All Pages

What is brocks total liabilities balance at the end

Assignment Help Financial Accounting
Reference no: EM132475040

Brock Corporation's end­of­year balance sheet consisted of the following amounts:

Cash                                         $ 25,000

Accounts receivable                     $ 46,000

Property, plant & equipment              69,000

Long-term debt                               41,000

Capital stock                                 100,000

Accounts payable                           24,000

Retained earnings                                  ?

Inventory                                        33,000

Required:

Quetsion 1: What is Brock's total liabilities balance at the end of the current year?

Reference no: EM132475040

Questions Cloud

Determine horizontal analysis of revenues and gross profit : Create horizontal analysis of revenues and gross profit both in dollar amounts and in percentages for 2019 2019 and 2018 2018.
Facets of the myer brand that communicate a brand image : Consider this statement. Identify those facets of the Myer brand that communicate a 'brand image' to the consumer.
Make the journal entry to record the issuance of the bond : Prepare the journal entry to record the issuance of the bonds. On October 1, 2016, Kristal Corp. issued $700,000, 5%, 10-year bonds at face value
What are three facts you learned about the brain : What are three facts you learned about the brain that you didn''t know before? Please be sure to provide examples - Why do you personally think that learning
What is brocks total liabilities balance at the end : What is Brock's total liabilities balance at the end of the current year? Brock Corporation's end­of­year balance sheet consisted amounts.
Determine which accounts are affected for each transaction : How is each account affected (debit or credit, increase or decrease), specifically? Which accounts are affected for each transaction?
Determine ehler corporation sells rock-climbing products : Determine Ehler Corporation sells rock-climbing products and also operates an indoor climbing facility for climbing enthusiasts. During the last part of 2017
Position paper on the quality of life : position paper on the Quality of Life: How mood disorders affect work, Home, and relationships - introduction should include a brief overview
Determine betsys maximum cost recovery deduction : Acquired 7-year property in July 2018 for $350,000. Determine Betsy's maximum cost recovery deduction with respect to her purchases in 2018

Reviews

Write a Review

Financial Accounting Questions & Answers

  Questionwymont company manufactures a single product that

questionwymont company manufactures a single product that needs a large amount of labor time. overhead cost is applied

  Explain the difference between direct and indirect methods

Explain the difference between the direct and indirect methods of preparing the operating section of the statement of cash flows. 2. Which method is preferred b

  Inventory item class used to add comments to invoices

The inventory item class used to add comments to invoices is called the:

  Annual coupon bond that makes semiannual payments

Chesterton, Inc. wants to sell you a 6.0 percent annual coupon bond that makes semiannual payments. Your required return on the bond is 6.48 percent annually with semi-annual compounding, and the bond matures in 7 years. How much would you pay for th..

  Cost per equivalent unit for materials and conversion costs

At the start of November, Penco Refinery had Work in Process inventory consisting of 4,000 units that were 90 percent complete with respect to materials and 50 percent complete with respect to coversion costs. Calculate the cost per equivalent unit f..

  Annual interest rate implicit in this agreement

On April 1, 2016, John Vaughn purchased appliances from the Acme Appliance Company for $1,700. In order to increase sales, Acme allows customers to pay in installments and will defer any payments for six months. John will make 18 equal monthly paymen..

  What is the organization total revenue

If the interest rate that the firm must pay to borrow capital is 25%, then if the firm borrows the optimal amount of capital, what is the organization's total revenue?

  Statements about self-employed retirement plans

Which of the following statements about self-employed retirement plans is false?

  Compute the debt to equity ratios for both companies

At the end of the current year, the following information is available for both pulaski company and scott company. Compute the debt to equity ratios for both companies

  Journalizing and reporting bond transactionsthe board of

journalizing and reporting bond transactionsthe board of directors of delta health spa authorizes the issuance of

  Prepare journal entries for sales and purchases

Prepare Journal Entries for Sales and Purchases (With Discounts) Super Copy Co. is an office supply store. The company uses a perpetual inventory system. Record the above transactions in the company's general journal. To conserve space, omit the writ..

  Uses an overhead rate based on direct labor cost

The Goods in Process Inventory account of a manufacturing company that uses an overhead rate based on direct labor cost has a $10,400 debit balance after all posting is completed. The cost sheet of the one job still in process shows direct material c..

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