What is the amount of calcitrons retained earnings

Assignment Help Accounting Basics
Reference no: EM131487742

Accounting Assignment

Calcitron Corporation has provided the following financial information as of April 30, 2017:

Accounts payable

$ 15,000

Accounts receivable

$ 12,000

Accrued expenses

$ 26,000

Accumulated depreciation

$ 10,000

Additional paid-in capital

$ 22,000

Allowance for doubtful accounts

$ 1,200

Cash

$ 25,000

Common stock

$ 40,000

Fixed assets

$ 75,000

Intangibles

$ 40,000

Inventory

$ 17,000

Long-term notes payable

$ 80,000

Prepaid expense

$ 12,000

Treasury stock

$ 4,000

Wages payable

$ 12,000

What is the amount of Calcitron's retained earnings as of April 30, 2017?

Reference no: EM131487742

Questions Cloud

How would a high performance organization : In your view, how would a high performance organization (HPO) be as a result of the above impact?
Design to control an extraneous variable : Under what circumstances is it extremely difficult or even impossible for even the best design to control an extraneous variable?
What design could control the confounding variables : How can a design described as R O1 X1 O2 be confounded? What design could control the confounding variables?
Discuss the differences of the three cloud types : After a number of business seminars dealing with the future adoption of technologies within the business framework the theme of remotes access to business data.
What is the amount of calcitrons retained earnings : Calcitron Corporation has provided the following financial information as of April 30. What is the amount of Calcitron's retained earnings as of April 30, 2017?
Managers or supervisors to be better leaders : As an owner of the company, what actions would you take to inspire your managers or supervisors to be better leaders?
What specific section of the constitution were involved : What specific section(s) of the Constitution were involved in this case? Based on the language and intent of the Constitution
Average number of patients waiting in the clinic : On an average, every 4 minutes a person walks in. Assume the M/M/1 queuing system. Find the following using the formulas discussed in class:
What is the role of the supreme court : What is the role of the Supreme Court? What is the meant by "Judicial Review". Which theory do you believe is the correct theory to follow

Reviews

Write a Review

Accounting Basics Questions & Answers

  Create a financial statement or document that a business

create a financial statement or document that a business might use to account for losses damaged goods and stolen

  Estimating cash flows

Would you be able to help me with another assignment? here is what it consists of and it is for estimating cash flows.

  What are the principal differences between activity-based

what are the principal differences between activity-based costing abc and traditional product

  Accounting connection gt explain how the analysis for the

canned fruits and vegetables are the main products made by yummy foods inc. all direct materials are added at the

  Production beginning inventory 4000 units units started

the painting department of the garner manufacturing company has the following production and manufacturing cost data

  Tarlo company recognizes each year using the percentage

In 2010, Tarlo Company agrees to construct a highway for Brice County over a three year period (2010 through 2012).

  Fiscal year without negative tax effects

How much salary must Gander pay Patrick during the period November 1 through December 31, 2008, to permit the corporation to continue to use its fiscal year without negative tax effects?

  Time to handle calls are exponentially distributed

The small mail-order firm Sea's Beginning has one phone line. An average of 60 people per hour call in orders, and it takes an average of one minute to handle a call. Time between calls and time to handle calls are exponentially distributed.

  Conclusion on the calculations of variances in a cash budget

Provide a short conclusion on the calculations of variances in a cash budget.

  Determine wilma taxable income

Wilma is a widow, age 80 and blind, who is claimed as a dependent by her son. During 2009, she received $4,800 in Social Security benefits, $2,200 in bank interest, and $1,800 in cash dividends from stocks. Wilma's taxable income for 2009 is:

  Problem regarding bad debt expense

For the year ended December 31, 2007, May's bad debt expense would be ??

  Gaap and ifrs address accounting processes from different

GAAP and IFRS address accounting processes from different perspectives

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!

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