Question 5 of 10 7 L December 31, 2022 December 31, 2021 Current assets $123,400 $100,000 Plant assets (net) 394,350 330,000 Current liabilities 86,328 72,000 Long-term liabilities 133,280 85,000 Common stock, $1 par 166,440 120,000 Retained earnings 131,702 153,000 Prepare a schedule showing a horizontal analysis for 2022, using 2021 as the base year. (Enter negative amo either a negative sign preceding the number e.g. -45,-45% or parentheses e.g. (45), (45%). Round percentages to 1 Veducation.wiley.com/was/ui/v2/assessment-player/index.html?launchld=4fd721f7-2f1f-4d91-9ab4-9010f0a0e288#

Question 5 of 10 7 L December 31, 2022 December 31, 2021 Current assets $123,400 $100,000 Plant assets (net) 394,350 330,000 Current liabilities 86,328 72,000 Long-term liabilities 133,280 85,000 Common stock, $1 par 166,440 120,000 Retained earnings 131,702 153,000 Prepare a schedule showing a horizontal analysis for 2022, using 2021 as the base year. (Enter negative amo either a negative sign preceding the number e.g. -45,-45% or parentheses e.g. (45), (45%). Round percentages to 1 Veducation.wiley.com/was/ui/v2/assessment-player/index.html?launchld=4fd721f7-2f1f-4d91-9ab4-9010f0a0e288#

Corporate Financial Accounting

15th Edition

ISBN:9781337398169

Author:Carl Warren, Jeff Jones

Publisher:Carl Warren, Jeff Jones

ChapterD: Investments

Section: Chapter Questions

Problem D.10EX: Fair value journal entries, trading investments Jets Bancorp Inc. purchased a portfolio of trading...

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10:48 1 = X Current Liabilities 202301-ACCT-20... Total Assets Take Test. M3 HT Noncurrent Assets Common Stock Total AA $14 ,00 10 135, 000 11, 000 16, Shareholders' 000 Equity Calculate the Working Capital 2,0 00 ✰ecampus.wvu.edu m 91
Question 78 Using Financial Statements for 2018-2019. Net asset value per share of preferred stock for 2018 is $685.71. TRUE OR FALSE?
what is the total average equity capital for a. 2020 b. 2021 c. 2022 4 5 A 1 2 Total Equity Capital 3 Common stock 6 B (² C D E 2022 2019 2020 2021 $430,159 $461,567 $465,699 $265,426 $12,250 $12,250 $12,250 $12,250 Surplus $40,150 $40,150 $40,150 $65,150 Undivided profits $377,759 $409,167 $413,299 $188,026
Plppi Aaia of S C acell(PASUC 45,939,500.00 1:37 U v O 4G 4 0 Statement of Financial Position December 31, 2018 and 2019 2019 2018 Assets 2,030,500.00 Cash Marketable Securities 1,191,000.00 4,002,000.00 4,383,500.00 208,500.00 18,384,500.00 379,500.00 28,132,000.00 2,636,000.00 4,704,000.00 Accounts Receivable Allowance for Doubtful Accounts - Inventories 224,000.00 - 23,520,500.00 256,000.00 Prepaid Expenses Total Current Assets 32,923,000.00 20,303,500.00 Property, Plant and Equipment Less: Accumulated Depreciation 13,253,500.00 3,765,000.00 9,488,500.00 5,764,000.00 14,539,500.00 Other Assets Total Assets 186,500.00 47,649,000.00 334,000.00 37,954,500.00 Liabilities and Equity Accounts Payable 7,147,000.00 2,807,000.00 942,000.00 2,834,500.00 3,795,500.00 Notes Payable Current Portion of Long-term Debt 3,006,000.00 758,000.00 2,656,500.00 317,500.00 8,487,500.00 Accrued Liabilities Deferred Income Tax Long-term Debt Total Liabilities 421,500.00 10,529,500.00 24,681,500.00…
39. D On January 1, 2019, Caraga Company purchased equity securities to be held as financial assets measured at fair value through other comprehensive income. Market – 12/31/19 3,200,000 3,500,000 4,600,000 Market 12/31/2020 Security R Security S Security T Cost 3,000,000 4,000,000 5,000,000 3,700,000 4,700,000 On January 31, 2020, the entity sold Security R for P3,500,000. What amount should be recognized directly in retained earnings of as a result of the sale of investment in 2020? a. 500,000 b. 300,000 c. 200,000 d. 0
Question 80 Using Financial Statements for 2018-2019. Net book value per share of common stock for 2018 is $18.46. TRUE OR FALSE?
D CONSOLIDATED STATEMENTS OF FINANCIAL POSITION December 31, December 31, PERCENTAGE 2021 2020 USD USD Assets Current assets Cash and cash equivalents 34,115,412 25,681,845 Short-term financial instruments 71,417,748 80,798,680 Short-term financial assets at amortized cost 2,944,705 2,409,853 Short-term financial assets at fair value through profit or loss 35,624 62,452 Trade receivables 35,585,565 27,065,012 Non-trade receivables 3,930,828 3,150,548 Prepaid expenses 2,042,001 1,980,685 Inventories 36,172,043 28,007,314 Other current assets 4,441,629 3,281,589 Assets held-for-sale - 812,370 Total Current Assets 190,685,555 173,250,348 Non-current assets Financial assets at fair value through other comprehensive income 12,206,843 10,991,369 Financial assets at fair value through profit or loss 1,333,227 1,051,455 Investment in associates and joint ventures…
Problem 2: Trody Co., from the previous problem, wants to prepare forecasted financial statements for the year 2015 using the percent of sales method, and the below additional given (Round numbers to the nearest dollar): Given forecasted sales of 2015: $6,500 b- The tax rate will be 40% in 2015. The company expected to distribute dividends of $750 in 2015. The interest rate on all interest-bearing loans will be 5% annually in 2015. The company is not intending to make changes to its fixed assets a- C- d- e- 1- The forecasted cost of goods sold for 2015 is expected to be: O a) $3,300 Ob) $3,738 c) $3,000 d) $4,250 e) None of the above. 2- Forecasted fixed expenses amount for 2015 is expected to ber
QUESTION 11 Adjust FVA at Sale and Year-End At December 31, 2019, the portfolio of investments in equity securities measured at FV-NI held by Athletes Inc. is as follows. Investment Security Cost FairValue UnrealizedHoldingGain (Loss) Badger Common Stock (1,000 shares) $112,000 $110,600 $(1,400) Spartan Common Stock (1,600 shares) 140,000 142,800 2,800 Wildcat Common Stock (500 shares) 70,000 65,800 (4,200) Total $322,000 $319,200 $(2,800) On June 1, 2020, Athletes Inc. sold 1,120 shares of Spartan stock for $33 per share and 280 shares of Wildcat stock for $55 per share. Athletes Inc. purchased 1,120 shares of Gopher common stock for $35 per share on August 1, 2020. The fair value of the remaining stock held on December 31, 2020, is as follows: Badger common stock, $117,600; Spartan common stock, $100,800; Wildcat common stock, $58,240; and Gopher common stock, $40,320. a. Prepare the entry for the sale of Spartan and Wildcat common stock on June 1, 2020. Prior…
Problem 19-9 (Static) EPS from statement of retained earnings [LO19-4, 19-5, 19-6] Comparative Statements of Retained Earnings for Renn-Dever Corporation were reported as follows for the fiscal years ending December 31, 2019, 2020, and 2021. RENN-DEVER CORPORATION Statements of Retained Earnings For the Years Ended December 31 2021 2020 2019 Balance at beginning of year Net income (loss) $6,794, 292 3,308,700 $5,464,052 2,240,900 $5,624,552 (160,500) Deductions: Stock dividend (34,900 shares) Common shares retired, September 30 (110,000 shares) Common stock cash dividends 242,000 212,660 698,000 889,950 Balance at end of year $8,971,042 $6,794, 292 $5,464,052 At December 31, 2018, paid-in capital consisted of the following: $1,855,000 Common stock, 1,855,000 shares at $1 par Paid in capital-excess of par 7,420,000 No preferred stock or potential common shares were outstanding during any of the periods shown. Required: Compute Renn-Dever's earnings per share as it would have appeared in…
Question 19 of 50 -/1 View Policies Current Attempt in Progress The following data are available for Oriole Corporation. Sale of land $224900 Sale of equipment $129900 Issuance of common 140200 stock Purchase of equipment 69400 Payment of cash 119700 dividends Net cash provided by investing activities is: O $285400. O $425600. O $259800. O $304600. Save for Later Attempts: 0 of 1 used Submit Answer !!
41 Assume that total current assets, fixed assets, current liabilities and equity of the company are OMR OMR 9000, OMR 11000, OMR 5000, OMR 12000 respectively. From the following given options, select the long-term liabilities of the company. a. OMR 5000 b. OMR 3000 c. OMR 17000 d. OMR 20000