What is the total amount of the stockholders equity

Assignment Help Financial Accounting
Reference no: EM132482910

In addition, the company had common stock of $42,000 at the beginning of the year and issued an additional $3,500 during the year. The company also had retained earnings of $28,700 at the beginning of the year and declared dividends of $1,500 during the year.

Cash

$28.784

Depreciation

Expense

$4,100

Taxes Payable

5712

Mortgage Payable

$43.500

Land

$62.000

Treasury Stock

$2210

Sales Discounts and Returns

$1,258

Accounts Receivable

$5,292

Supplies Expenses

$355

Bonds Payable

$38.000

Accumulated
Depreciation

$17.250

Income Tax Expense

$780

Equipment

$32,600

Interest Expense

$2 ,900

Notes

Payable

$11,000

Cost of Goods Sold

$31.500

Current Portion of Bonds

Payable

$6.200

Current Portion of Mortgage Payable

52.350

Product Sales (Gross)

$66.145

Utilities Expense

$950

Inventory

$12.500

Discount of Bonds

Payable

$970

Salaries Expense

$12.000

Revenues from

Software Licenses

51,050

Buildings

$52,000

Goodwill

$350

Advertising Expenses

$5,340

Sales Expenses

87.200

Salaries
Payable

$412

Marketable Securities

53,450

Accounts Payable

$5.340

PrePaid Expenses

$1.100

Deferred Revenues

$670

Interest
Payable

$710

Dividends Payable

$500

Current Portion Notes

Payable

1.100

Question 1) Calculate the Net Income (or Net Loss) After Interest and Taxes

Question 2) Calculate the Total Amount of Current Assets

Question 3) Calculate the Total Amount of Current Liabilities

Question 4) Calculate the Total Assets

Question 5) What is the total amount of the stockholders equity

Question 6) what is the amount of Long-Term Liabilities?

Reference no: EM132482910

Questions Cloud

Compute the amount Pronghorn should report : Compute the amount Pronghorn should report as net cash provided (used) by financing activities in its 2017 statement of cash flows
Compute the amount of loss : Compute the amount of loss, if any, to be recognized by Sarasota as a result of retiring the $1,230,000 of bonds in 2020. (Round answer to 0 decimal places)
Prepare the journal entry to record the transaction : On December 31, 2020, Novak Co. performed environmental consulting services for Hayduke Co. Prepare the journal entry to record the transaction
How semistrong emh empirical evidence encourage : Briefly explain how semistrong EMH empirical evidence encourage the investors to earn abnormal returns in case of IPO's and corporate events publicly available
What is the total amount of the stockholders equity : Calculate the Net Income (or Net Loss) After Interest and Taxes. What is the total amount of the stockholders equity. Calculate the Total Amount of Current
Determine the number of units of Widgets for Dorchester : Current variable costs are $7 a unit and fixed costs are expected to total of $154,000. Determine the number of units of Widgets for Dorchester to breakeven
Determine the free cash flow of soap : Determine the free cash flow (FCFF) of Soap Ltd for years 1 & 2.
Determine the amount to be paid in full settlement : Determine the amount to be paid in full settlement of each of two invoices (a) and (b), assuming that credit for returns and allowances
Determining the operating income-rao construction : Rao Construction recently reported $20.50 million of sales, $12.60 million of operating costs other than depreciation, and $3.00 million of depreciation

Reviews

Write a Review

Financial Accounting Questions & Answers

  Advantage to making lifetime transfer of property to donee

Which of the following is an advantage to making a lifetime transfer of property to a donee?

  Assume that all of the assets including the washer and dryer

A-Plus Auto Works sells and repairs used cars. As a benefit to its mechanics, A-Plus keeps a washer and dryer on hand to wash uniforms at the end of each shift. A-Plus must replace these units frequently given the high usage and soil level of mechani..

  What do you think is the best tax rate

Assume that you are a full-time worker earning $10 per hour, $80 per day, $400 per week, $20,000 per year. Would you quit their job if the tax rate was 20%? What about 30%? 50%? What do you think is the best tax rate? What are the economy-wide impact..

  What would be the project net present value

A project will require an initial investment of $300,000 and will return $75,000 each year for eight years. If taxes are ignored and the required rate of return is 9%, what is the project's net present value?

  What is the inventory period

garnishes, inc has sales for the year of $46,300 and cost of goods sold of $21,700. the firm carries an average inventory of $4,800 and has an average accounts payable balance of $4.400. what is the inventory period?

  How do you calculate the margin of safety

Tax Preparito budgeted revenues for 2015 of $618,000, based on a average of $206 per tax return. The company wants to achieve a margin of safety of 45%. The fixed costs are $327,600, with variable costs of $24 per customer. How do you calculate the m..

  Compute the gain or loss on holding net monetary items

Compute the gain or loss on holding net monetary items for the Liverpool Company for the year ending December 31, 20X5.

  Assume the exchange has commercial substance

Kerry, Inc., exchanged land and cash of $8,900 for equipment. The land had a book value of $64,000 and a fair value of $69,900. Prepare the journal entry to record the exchange. Assume the exchange has commercial substance.

  Presentation of financial statements

Presentation of financial statements - Approaches to cost control: beyond budgeting

  What would sales have to be in order for howard to earn

Howard Enterprises has a contribution margin ratio of 65% and fixed costs of $15,000. What would sales have to be in order for Howard to earn an after-tax profit of $50,000? The company is in the 40% tax bracket

  Determine the level of sales for company

A company has a return on equity of 20 percentand a profit margin of 13 percent. The company's total debt equal $450 million and total equity equal to $550 million. Determine the level of sales for this company? (Hints: assume debt + equity = tota..

  What is the ias regulation and what is the role of the iasb

What is the IAS Regulation? What is the role of the IASB? Name the primary financial statements and explain the purpose of each.

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