math 41

Income Statement, Statement of stockholders’ equity, and Balance Sheet Viva Travel Service reported assets, liabilities, revenues and expenses for September 30, 20Y6 below. As of October 1, 20Y5, the beginning of the current year, Viva Travel Service reported retained earnings as $60,900, and common stock as $7,500. During the current year, dividends in the amount of $28,600 were paid. Accounts payable $22,290 Accounts receivable 134,312 Common stock 15,000 Cash 240,858 Fees earned 801,300 Miscellaneous expense 6,230 Rent expense 103,770 Supplies 10,380 Supplies expense 16,600 Utilities expense 62,260 Wages expense 296,480 Instructions:   Question Content Area 1.  Prepare an income statement for the current year ended September 30, 20Y6. Viva Travel ServiceIncome StatementFor the Year Ended September 30, 20Y6     $- Select - Operating expenses:       $- Select -     - Select -     - Select -     - Select -     - Select -…

Income Statement Goldfinger Corporation had account balances at the end of the current year as follows: sales revenue, $13,600; cost of goods sold, $8,300; operating expenses, $3,200; and income tax expense, $630. Assume shareholders owned 500 shares of Goldfinger's common stock during the year. Prepare Goldfinger's income statement for the current year. GOLDFINGER CORPORATION Income Statement For the Year Ended December 31, Current Year Sales revenue

Provide Answer for Financial Accounting

Examine the following selected financial information for Best Value Corporation and Modern ​Stores, Inc., as of the end of their fiscal years ending in 2018​: Data table (In millions) Best Value Corporation Modern Stores, Inc. 1. Total assets. . . . . . . . . . . . . . . . . . . . . . . . . .   $15,256     $203,110   2. Total common stockholders' equity. . . . .   $3,075     $71,460   3. Operating income. . . . . . . . . . . . . . . . . . . .   $1,350     $26,820   4. Interest expense. . . . . . . . . . . . . . . . . . . . . .   $88     $2,020   5. Leverage ratio. . . . . . . . . . . . . . . . . . . . . . . .             6. Total debt. . . . . . . . . . . . . . . . . . . . . . . . . . . .             7. Debt ratio. . . . . . . . . . . . . . . . . . . . . . . . . . . .             8. Times interest earned. . . . . . . . . . . . . . . . .             Requirements…

Assuming that total assets were $8,037,000 at the beginning of the current fiscal year, determine the following: When required, round to one decimal place. a. Ratio of fixed assets to long-term liabilities b. Ratio of liabilities to stockholders' equity c. Asset turnover d. Return on total assets e. Return on stockholders' equity f. Return on common stockholders' equity % % %

Subject: accounting

Prepare the shareholders’ equity section of the balance sheet of Colton Company at the end of the second year of operations