Bramble Corp. had the following accounts and balances: Accounts payable Accounts receivable Buildings Cash $29800 Equipment 4900 Land 96000 Unearned service revenue 15100 Total stockholders' equity $34100 35800 9800 ? If the equipment was sold for $34100, what would be the total of stockholders' equity?
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- The following is selected financial data from Block Industries. How much does Block Industries have in current liabilities? Cash Accounts receivable Equipment Prepaid expenses Accounts payable Unearned revenue Long-term notes payable Common stock Revenue Sales tax payable Interest expense Depreciation expense OOOO $1 $19,800 $25,800 $12,300 $20,000 13,400 10,650 5,000 12,300 7,500 10,000 18,000 11,700 6,000 4,500 1,000Hilltop Corporation had the following accounts and balances: Accounts payable Accounts receivable Buildings Cash ? Equipment 35,000 Land 215,000 Unearned service revenue 15,000 Total stockholders' equity What would be the balance of Accounts Payable? $15,000 $25,000 $30,000 $50,000 $125,000 15,000 10,000 365,000A transaction has been recorded in the T-accounts of Horowitz Corporation as follows: Debit Cash 25,000 A. + B. + C. D. Credit Assets = Liabilities Multiple Choice Which of the following reflects how this event affects the company's financial statements? Balance Sheet O Option C Option D Option B Option A Common Stock + N/A N/A Debit Credit 25,000 N/A Stockholders' Equity N/A + Revenue N/A N/A N/A Income Statement Expense = Net Income Statement of Cash Flows +FA +FA +0A -IA N/A N/A N/A + N/A N/A
- Based on the following data and assuming that the common stock account balance is $63000, what is the balance in retained earnings? Accounts payable $88000 Accounts receivable 51000 Cash 87000 Inventory 155000 Buildings 166000 Bonds payable 517000 Supplies 10300 Notes payable 66000 Equipment 351000 $149300 $240300 $86300 $174300Use the information below for Harding Company to answer the question that follow. Harding Company Accounts payable $36,767 Accounts receivable 74,993 Accrued liabilities 6,681 Cash 17,378 Intangible assets 41,965 Inventory 83,039 Long-term investments 90,147 Long-term liabilities 70,154 Marketable securities 39,256 Notes payable (short-term) 24,477 Property, plant, and equipment 689,894 Prepaid expenses 1,932 Based on the data for Harding Company, what is the amount of working capital?You are evaluating the balance sheet for SophieLex’s Corporation. From the balance sheet you find the following balances: cash and marketable securities = $280,000; accounts receivable = $1,380,000; inventory = $2,280,000; accrued wages and taxes = $590,000; accounts payable = $890,000; and notes payable = $780,000. What is the quick ratio (round your answer to 2 decimal places
- MC.03.083.Algo Wu Systems has the following balance sheet. Assume that all current assets are used in operations. How much net operating working capital does the firm have? Cash Accounts receivable Inventory Current assets Net fixed assets Total assets O a. $400 b. $1,770 O c. $2,200 d. $470 e. $830 $ 70 Accounts payable 720 Accruals 510 $1,300 1,000 Notes payable Current liabilities Long-term debt Common equity Retained earnings $2,300 Total liab. & equity $ 250 220 430 Question 3 of 40 $ 900 640 260 500 $2,300The following account values are from Baker Company's balance sheet: Cash $10,000 Accounts Receivable $5,000 Inventory $25,000 Equipment $75,000 Buildings $100,000 Short-term Liabilities $15,000 Long-term Liabilities $50,000 What is Baker's quick ratio? a. 0.70 b. 0.42 c. 2.33 d. 1.00A company has the following balance sheet. What is its total net operating capital? (Round it to a whole dollar, if necessary) Cash $ 20 Accounts payable $ 45 Short-term investments 30 Accruals 50 Accounts receivable 50 Notes payable 10 Inventory 50 Current liabilities xxx Current assets xxx Long-term debt 70 Net fixed assets 100 Common equity 30 Retained earnings xx Total assets $xxx Total liab. & equity $xxx