Stockholder Equity Practice Quiz

If a business has a net income of $44,700 and total equity of $111,750, what is the ROE?  a.10% b. 15% c.44% d.40%. Want Correct Answer of accounting problem

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Activity - Using the Expanded Accounting Equation Using the expanded accounting equation, calculate and enter the answers for each question. You will need to use the answers you calculate for beginning and ending equity to answer the rest of the questions.   3) If the company issues common stock of $5,100 and pay dividends of $44,000, how much is net income (loss)?   4) If net income is $2,700 and dividends are $7,700, how much is common stock?   5) If the company issues common stock of $16,700 and net income is $19,300, how much is dividends?   6) If the company issues common stock of $42,300 and pay dividends of $2,100, how much is net income (loss)?

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Exercise 4-19A (Algo) Using common size statements and ratios to make comparisons LO 4-8 The following information is available for the Memphis and Billings companies: Memphis $ 1,212,000 800,000 336,000 1,440,000 380,000 Sales Cost of goods sold Operating expenses Total assets Stockholders' equity Required: a. Prepare a common size income statement for each company. b. Compute the return on assets and return on equity for each company. c. Which company is more profitable from the stockholders' perspective? d. One company is a high-end retailer, and the other operates a discount store. Which is the discounter? Complete this question by entering your answers in the tabs below. Billings $ 1,150,640 878,000 229,320 1,330,000 380,000 Required A Required B Required C Required D Prepare a common size income statement for each company. Note: Round percentage answers to 1 decimal place. MEMPHIS COMPANY AND BILLINGS COMPANY Common Size Income Statements Memphis % $ 0 0 0.0 Billings 0.0 $…

Problem 3-8 Financial Statements (LO1) Henry Josstick has just started his first accounting course and has prepared the following balance sheet and income statement for Omega Corp. Unfortunately, although the data for the individual items are correct, he is very confused as to whether an item should go in the balance sheet or income statement and whether it is an asset or liability. BALANCE SHEET $ 35 Payables Less accumulated depreciation Inventories $50 120 Receivables 35 Total current assets Total current liabilities Interest expense $ 25 Long-term debt Property, plant, and equipment $350 520 Total liabilities Net fixed assets Shareholders' equity $90 Total liabilities and Total assets shareholders' equity INCOME STATEMENT Net sales $700 Cost of goods sold Selling, general, and administrative expenses 580 38 ЕBIT Debt due for repayment $ 25 Cash 15 Taxable income Тахes $ 15 Depreciation 12 Net income

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find assets, liabilities, and stockholders equity

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Question: Determine the missing amount from each of the expanded accounting equation below: Assets Liabilities  Capital (Beg. Bal) Owner's Equity Drawings  Profit/Loss 97,600 85,400 48,800 ? (24,400) Explain Please.

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What is the formula used to calculate Owner's Equity on a balance sheet?   Question 4 options:   The fundamental accounting equation   Assets + Liabilities = Owner's Equity   Cash – Liabilities = Owner's Equity   Y = mx + b

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Balancing the Expanded Accounting Equation Using the expanded accounting equation, calculate and enter the answers for each question. You will need to use the answers you calculate for beginning and ending equity to answer the rest of the questions. Assets Liabilities Beginning of Year: $29,000 $15,000 End of Year: $64,000 $28,000   6) If the company issues common stock of $42,300 and pay dividends of $2,100, how much is net income (loss)? Net Income (Loss):

Performing a service on account willa. increase stockholders’ equity.b. increase total assets.c. increase total liabilities.d. accomplish both a and b.

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For each of the following accounts, select the correct financial statement where it is reported. Accounts payable Accounts receivable Accumulated Depreciation: Build Building Capital Stock Cost of Goods Sold Depreciation Expense: Building Fees Earned Retained Earnings Prepaid Insurance Insurance Expense [ Choose ] [ Choose ] Balance Sheet Statement of Stockholders' Equity Balance Sheet and Statement of Stockholders' Equity Income Statement [Choose ] [Choose ] [Choose ] [Choose ] [ Choose ] [Choose ] [Choose ] J

Owner's Equity Effects

Balancing the Expanded Accounting Equation Using the expanded accounting equation, calculate and enter the answers for each question. You will need to use the answers you calculate for beginning and ending equity to answer the rest of the questions. Assets Liabilities Beginning of Year: $29,000 $15,000 End of Year: $64,000 $28,000 3) If the company issues common stock of $5,100 and pay dividends of $44,000, how much is net income (loss)? Net Income (Loss):   4) If net income is $2,700 and dividends are $7,700, how much is common stock? Common Stock:   5) If the company issues common stock of $16,700 and net income is $19,300, how much is dividends? Dividends:   6) If the company issues common stock of $42,300 and pay dividends of $2,100, how much is net income (loss)? Net Income (Loss):

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Check my work For each of the Items listed below, identify the approprlate financial statement element. Item Element 1 Obligation to trasfer cash or other resouices as a resut of a past transaction 2 Dividends pad try a corporaton to ts shamholders a nfow of an anset tom providing a good or service 4 The financial positon ofa company Aset 5 Increase in equity dunng a penod trom nonowner transachons 6 increase in equity from perpheral or incidental transaction Assets, liobilities and equity Comprehensive income 7. Sak of an sset uned in the operations of a businens for ess than the assets book value B The owners msidual anterest n the asets of a company An dom owneod by the company tepresenting probable future bonets 10 Revenues plus gains less expenses and osses Distribution to owners 11 n owner's contribution of cash to a corporation in eKchange for ownershp shares of stock 12 Outfow of an asset related to the production of revenue

Each situation below relates to an independent company’s Owners’ Equity. Calculate the missing values. Based on your calculations, make observations about each company.

If a company has total assets of solve this question general Accounting