C. Complete the statement of changes in equity.MURA MALL, INc.Statement of Changes in EquityFor the Month Ended June 30, 2020Mahal, Capital, 6/1/20(1)Add: Additional Investments234,000Net Income374,000(2)Total1,000,000Less:Withdrawals238,700Mahal, Capital, 6/30/20(3)

Statement of changes in equity shows all the addition and deduction made during the year regarding…

Answered: C. Complete the statement of changes in…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Selected account balances from the adjusted trial balance for Karam co. at 31/12/2020, are provided below: 5000 account receivables 17900 retained earmings 8000 land held for speculation 1900 treasury shares 500 allowance for doubtful account 10000 share capital 800 dividends 1500 prepaid expenses Assume net loss for 2020 is $5,000, what is the total equity to be reported at the 31/12/2020 statement of financial position? 22,100 25,200 26,000 20,200
Peoples Bank Ltd.Balance sheetAs at 31/03/2021Assets $(000) Liab. & Equity $(000)Cash 50,000 Payables 50,000Short term Invest 50,000 short term deposits 500,000Long term Invest. 180,000 long term deposits. 180,000Loans 550,000 Long-term bonds 50,000Other 50,000 Equity 100,000Total 880,000 880,000 The long-term investment portfolio comprises shares in an associate company (25%), azero-coupon bond (25%), government fixed rate bonds (40) and shares in publicly tradedcompanies (10%).The loan portfolio is composed as follows: 10% residential mortgages, 50% consumerand 40% commercial. The loan portfolio has a 5% delinquency, and the average return is8%. Fixed rate loans are 60% and floating rate 40%.Deposits are primarily short term. The renewal rate is declining and expected to continueinto the medium term. The average deposit rate is 4%.Interest rates are expected to rise in the short term for both, loans and deposits. A. Based on the balance sheet and the information above, identify…
hrl.3
Particulars As on 31.3.2019(Rupees. In Lacs)As on 31.3.2020(Rupees. In Lacs)Investment in FinancialAssets- 100Equity Share Capital 150 160Long term Loans taken 100 200Dividend paid - 26Dividend received - 10Interest received - 15 Calculate the debt-equity ratio & comment
ratio. Deana Company's working capital accounts at December During 19x7, Denna Company completed the following transactions P17-11 Effect of various transa given below: Cash Marketable securities Accounts receivable (net) Inventory - Prepaid expenses Accounts payable Notes due within one year Accrued llabilities. S 50,000 30,000 200,000 210,000 10,000 150,000 30,000 20,000 R Paid a cash dividend previously declared, $12.000 b. Soid inventory costing $50,000 for $30,000, on account Wrote off uncollectible accounts in the amount of $10 000 Declared a cash dividend, $15,000. Paid accounts payable, $50,000. f. Borrowed cash on a short-term note with the bank, $35.000 A Sold inventory costing $15,000 for SI0,000 cash. Purchased inventory on account, $60,000. DI Paid off all short-term notes due, $30,000. Purchased equipment for cash, $15,000. d. e. h. j. Sold marketable securities costing $18,000 for cash, $15,000 k. Collected cash on accounts receivable, $80,000. ves Compute the following…
10. An investment entity provided the following data for the current year: Dividend income from investments 10,000,000Distribution income from trusts 500,000Interest income on deposits 700,000Income from bank treasury bills 100,000Income from dealing in securities held for trading 600,000Write-down on securities held for trading 150,000Other income 250,000Finance cost 300,000Administrative staff costs 3,800,000Sundry administrative costs 1,400,000Income tax expense 2,000,000Question 1: What is the income before tax?a. 12,000,000 c. 11,750,000b. 12,150,000 d. 11,550,000 Question 2: What is the total amount of expenses before tax?a. 7,500,000 c. 5,500,000b. 5,650,000 d. 7,650,000 Question 3: What is the net income for the year?a. 6,500,000 c. 4,650,000b. 4,500,000 d. 4,250,000
In the above financial statement, the Debt-To-Asset Ratio for 2020 is?
4. HAT Company provided the following information for the 2018: Total Assets at December 31 4,500,000 Share Capital at December 31 2,000,000 Share Premium at December 31 200,000 Treasury Share (at cost) 300,000 The debt-to-equity ratio (total liability over total shareholders’ equity) is 25% at December 31, 2018. What is the retained earnings unappropriated on December 31, 2018? Group of answer choices 2,300,000 1,700,000 1,400,000 1,100,000
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C. Complete the statement of changes in equity. MURA MALL, INC. Statement of Changes in Equity For the Month Ended June 30, 2020 Mahal, Capital, 6/1/20 • (1) Add: Additional Investments P 234,000 Net Income 374,000 (2) Total 1,000,000 Less: Withdrawals 238,700 Mahal, Capital, 6/30/20 (3)