As4FIN8200 Assignment 4

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Need help on b. How to show this on a balance sheet in excel.

! Required information [The following information applies to the questions displayed below.] Turtle Creek Partnership had the following revenues, expenses, gains, losses, and distributions: Sales revenue Long-term capital gains Cost of goods sold Depreciation-MACRS Amortization of organization costs. Guaranteed payments to partners for general management Cash distributions to partners $ 65,500 $ 4,800 Ordinary income (loss) $ (22,100) $ (7,900) $ (1,240) $ (15,600) $ (3,600) a. Given these items, what is Turtle Creek's ordinary business income (loss) for the year?

Given the following information for Jane Brown, lawyer, calculate the value of J. Brown, Capital as ofDecember 31, 2022. Please create a balance sheet.

At December 31, 2020, Cord Company's plant asset and accumulated depreciation and amortization accounts had balances as follows: Accumulated Depreciation and Amortization $ Category Land Land improvements Buildings Equipment Automobiles and trucks Leasehold improvements Plant Asset $ 180,000 1,750,000 1,375,000 177,000 226,000 333,900 322,500 105,325 113,000 Depreciation methods and useful lives: Buildings-150% declining balance; 25 years. Equipment Straight line; 10 years. Automobiles and trucks-200% declining balance; 5 years, all acquired after 2017. Leasehold improvements-Straight line. Land improvements-Straight line. Depreciation is computed to the nearest month and residual values are immaterial. Transactions during 2021 and other information: a. On January 6, 2021, a plant facility consisting of land and building was acquired from King Corp. in exchange for 30,000 shares of Cord's common stock. On this date, Cord's stock had a fair value of $40 a share. Current assessed values…

Answer the following using the FASB codification

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Discuss how the results of Quick ratio and debt ratio will affect the organization's performance.

Complete all of the following listed in the picture. Such as: General Journal General Ledaer Trial Balance Income Statement Statement of SE Balance Sheet Analysis Following an accountant format. Including: Compute the total asset turnover ratio for 2020.... Compute the net profit margin ratio for 2020...

The fact that generally accepted accounting principles allow companies flexibility in choosing between certain allocation methods can make it difficult for a financial analyst to compare periodic performance from firm to firm. Suppose you were a financial analyst trying to compare the performance of two companies. Company A uses the double-declining- balance depreciation method. Company B uses the straight-line method. You have the following information taken from the 12/31/2021 year-end financial statements for Company B: Income Statement Depreciation expense $10,000 Balance Sheet Assets: Plant and equipment, at cost Less: Accumulated depreciation Net $ 200,000 (40,000) $ 160,000 You also determine that all of the assets constituting the plant and equipment of Company B were acquired at the same time, and that all of the $200,000 represents depreciable assets. Also, all of the depreciable assets have the same useful life and residual values are zero. Required: 1. In order to compare…

a) Prepare appropriate journal entries for each relevant event. nearest dollar). Show your working. b) What is a qualifying asset? Provide two (2) examples. (Round amounts to the

Please help me find the following numbers. Please find the Sales, COGS, Other Operating expenses, and Depreciation & Amortization for the years 2020, 2021, and 2022 for Humana Inc and The Cigna Group. Thank you! Please show me where you found the numbers (links if possible!)

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Cost to date Estimated cost to complete Total estimated cost Percentage complete (Round) to nearest whole number) Total contract price Total estimated cost Estimated grass profit or lass Revenue to recognize to date Less Revenue previously recognized Revenue to recognize in year Estimated grass profit to recognize to date Less Gross profit or loss previously recognized Gross profit or loss to recognize in year 2022 2023 2024 $ S % % %

Exercise 14-36 (Algo) Comparing Business Units Using Economic Value Added (EVA) (LO 14-4) Lauderdale Corporation is organized in three geographical divisions (regions) with managers responsible for revenues, costs, and assets in their respective regions. The firm is highly decentralized and managers are evaluated solely on divisional performance. Corporate overhead (all fixed) is allocated to the regions based on regional gross margin (regional revenue minus regional cost of sales). The following information is from Lauderdale's first year of operations: Revenues Cost of sales Selling, General and Administrative (all fixed) Corporate overhead Region I $ 1,206,000 453,000 429,000 Region II $ 1,656,000 813,000 639,000 R&D expenditures Current liabilities Information on the division assets in the three regions of Lauderdale Corporation follows: Region III $ 2,256,000 1,143,000 859,000 Region I $ 706,000 Region II 636,000 1,296,500 Region III Lauderdale Corporation has a cost of capital of…

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Classified Balance Sheet:       Identify each of the following elements as a Current Asset (CA), Property, Plant & Equipment (PPE), Current Liability (CL), or Long-Term Liability (LTL)   Cash                                                            ________ Sales Tax Payable                                       ________ Machinery                                                  ________ Note Payable (due in 2029)                        ________ Accumulated Depreciation                        ________ Salaries Payable          ________

In cell D22, by using cell references, calculate the total long-term assets for year 2014 Use the relevant cells from the given data in the balance sheet. In call D23, by using a cell reference, calculate the total assets for year 2014. Refer to the relevant cell from the given data in the balance sheet. Note: The total assets must equal the total liabilities and owners' equity." in cell D18, by using cell references, calculate the total current assets for year 2014. Use the relevant cells in the balance sheet. In cell D16, by using cell references, calculate the accounts receivable for year 2014. Use the relevant cells in the balance sheet, in cell H14, by using cell references, calculate the accounts payable for year 2014. Use the relevant cells from the given cata in the balance sheet. In cell H22, by using cell references, calculate the total owners' equity for year 2014. Use the relevant cells from the given data in the balance sheet. In cell H18, by using cell references,…

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icerca Dashboard My courses Which of these is an allowable cost of an asset under IAS 16? 1. Professional fees 2. General overheads 3. Cost of site preparation 4. Initial operating losses 5. Administration expenses 6. Decommissioning costs O a. 1, 3 and 6 O b. 1, 3 and 5 O c. 1, 2 and 6 O d. 1, 2 and 4 O Financial Reporting (level 5) (2022_23) t Y ASUS ZenBook Assessment

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