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CASE A CASE B CASE C CASE E CASE D 100000 CASH 100000 40000 25000 ACCOUNT RECEIVABLE PREPAID INSURANCE 12500 3000 45000 10000 40000 45000 3000 5000 SUPPLIES 5000 5000 7000 15000 80000 177000 OTHER ASSETS 200000 238500 160000 230000 115000 265000 TOTAL ASSETS ACCOUNTS PAYABLE 24000 60000 35000 18000 15000 WAGES PAYABLE NOTE PAYABLE 10000 30000 100000 5000 20000 49000 45000 20000 TOTAL PAYABLE 95000 40000

CASE A CASE B CASE C CASE E CASE D 100000 CASH 100000 40000 25000 ACCOUNT RECEIVABLE PREPAID INSURANCE 12500 3000 45000 10000 40000 45000 3000 5000 SUPPLIES 5000 5000 7000 15000 80000 177000 OTHER ASSETS 200000 238500 160000 230000 115000 265000 TOTAL ASSETS ACCOUNTS PAYABLE 24000 60000 35000 18000 15000 WAGES PAYABLE NOTE PAYABLE 10000 30000 100000 5000 20000 49000 45000 20000 TOTAL PAYABLE 95000 40000

FINANCIAL ACCOUNTING
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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**Title: Analysis of Financial Data for Calendar-Year 2010** The following table presents several independent financial cases for a calendar-year accounting period in 2010. It includes assets, liabilities, and stockholder's equity items, highlighting differences across various scenarios labeled as Cases A through E. --- ### Financial Table Overview #### ASSETS - **Case A:** Total Assets = $238,500 - **Case B:** Total Assets = $230,000 - **Case C:** Total Assets = $265,000 - **Case D:** Total Assets = $265,000 - **Case E:** Total Assets = $177,000 **Components:** - **Cash:** Varies between $25,000 and $100,000 - **Accounts Receivable:** Ranges from $12,500 to $45,000 - **Prepaid Insurance:** Common values are $3,000 or $10,000 - **Supplies:** Varies between $5,000 and $15,000 - **Other Assets:** Range from $80,000 to $200,000 #### LIABILITIES - **Total Payable:** - Consists of Accounts Payable, Wages Payable, and Note Payable. - Values range from $40,000 to $100,000. #### EQUITY - **Common Stock:** Varies between $11,000 and $120,000 - **Beginning Retained Earnings:** Values are between $2,000 and $25,000 - **Dividend:** Range from $4,000 to $30,000 - **Revenue:** Varies from $85,000 to $232,000 - **Expense:** Ranges between $60,000 and $156,000 - **Total Stockholder's Equity:** Ranges from $135,000 to $189,500 --- **Objective:** - **Instruction:** Determine the missing amount for each case by analyzing relationships between assets, liabilities, and equity. --- This exercise serves as a practical application for students to enhance their understanding of financial statement analysis, focusing on identifying and filling data gaps in balance sheets and income statements.
Transcribed Image Text:**Title: Analysis of Financial Data for Calendar-Year 2010** The following table presents several independent financial cases for a calendar-year accounting period in 2010. It includes assets, liabilities, and stockholder's equity items, highlighting differences across various scenarios labeled as Cases A through E. --- ### Financial Table Overview #### ASSETS - **Case A:** Total Assets = $238,500 - **Case B:** Total Assets = $230,000 - **Case C:** Total Assets = $265,000 - **Case D:** Total Assets = $265,000 - **Case E:** Total Assets = $177,000 **Components:** - **Cash:** Varies between $25,000 and $100,000 - **Accounts Receivable:** Ranges from $12,500 to $45,000 - **Prepaid Insurance:** Common values are $3,000 or $10,000 - **Supplies:** Varies between $5,000 and $15,000 - **Other Assets:** Range from $80,000 to $200,000 #### LIABILITIES - **Total Payable:** - Consists of Accounts Payable, Wages Payable, and Note Payable. - Values range from $40,000 to $100,000. #### EQUITY - **Common Stock:** Varies between $11,000 and $120,000 - **Beginning Retained Earnings:** Values are between $2,000 and $25,000 - **Dividend:** Range from $4,000 to $30,000 - **Revenue:** Varies from $85,000 to $232,000 - **Expense:** Ranges between $60,000 and $156,000 - **Total Stockholder's Equity:** Ranges from $135,000 to $189,500 --- **Objective:** - **Instruction:** Determine the missing amount for each case by analyzing relationships between assets, liabilities, and equity. --- This exercise serves as a practical application for students to enhance their understanding of financial statement analysis, focusing on identifying and filling data gaps in balance sheets and income statements.
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