Please do not give solution in image format thanku Catena's Marketing Company has the following adjustedtrial balance at the end of the current year. Cashdividends of $630 were declared at the end of the year,and 500 additional shares of common stock ($0.10 parvalue per share) were issued at the end of the year for$3,120 in cash (for a total at the end of the year of 860shares). These effects are included below:Catena's Marketing CompanyAdjusted Trial BalanceEnd of the Current YearCashAccounts receivableInterest receivablePrepaid insuranceLong-term notes receivableEquipmentAccumulated depreciationAccounts payableDividends payableAccrued expenses payableIncome taxes payableUnearned rent revenueCommon Stock (860 shares)Additional paid-in capitalRetained earningsSales revenueRent revenueInterest revenueWages expenseDepreciation expenseUtilities expenseInsurance expenseRent expenseIncome tax expenseTotalOperating revenues:Income StatementTotal operating revenuesOperating expenses:Other item:CATENA'S MARKETING COMPANYTotal operating expensesDebit Credit$1,5302,260112Net incomeEarnings per share1,6603,10015,89020,1001,920404804Prepare a multistep Income statement for the current year.Note: Round your earnings per share to 2 decimal places.$3,1202,5206303,9801,752530863,6801,52039,8809,1201,740$58,640 $58,6400830112000 Catena's Marketing CompanyAdjusted Trial BalanceEnd of the Current YearCashAccounts receivableInterest receivablePrepaid insuranceLong-term notes receivableEquipmentAccumulated depreciationAccounts payableDividends payableAccrued expenses payableIncome taxes payableUnearned rent revenueCommon Stock (860 shares)Additional paid-in capitalRetained earningsSales revenueRent revenueInterest revenueWages expenseDepreciation expenseUtilities expenseInsurance expenseRent expenseIncome tax expenseTotalDebit$1,5302,2601121,6603,10015,89020,1001,920404804Credit$3,1202,5206303,9801,752530863,6801,52039,8808301129,1201,740$58,640 $58,640Prepare a multistep income statement for the current year.Note: Round your earnings per share to 2 decimal places.

An income statement is a company's revenues, expenses, and profitability over a period of time.

Catena's Marketing Company Adjusted Trial Balance End of the Current Year Cash Accounts receivable Interest receivable Prepaid insurance Long-term notes receivable Equipment Accumulated depreciation Accounts payable Dividends payable Accrued expenses payable Income taxes payable Unearned rent revenue Common Stock (860 shares) Additional paid-in capital Retained earnings Sales revenue Rent revenue Interest revenue Wages expense Depreciation expense Utilities expense Insurance expense Rent expense Income tax expense Total Debit $1,530 2,260 112 1,660 3,100 15,890 Credit $3,120 2,520 630 3,980 1,752 530 86 3,680 1,520 39,880 830 112 20,100 1,920 404 804 9,120 1,740 $58,640 $58,640 Prepare a multistep income statement for the current year. Note: Round your earnings per share to 2 decimal places.

Catena's Marketing Company Adjusted Trial Balance End of the Current Year Cash Accounts receivable Interest receivable Prepaid insurance Long-term notes receivable Equipment Accumulated depreciation Accounts payable Dividends payable Accrued expenses payable Income taxes payable Unearned rent revenue Common Stock (860 shares) Additional paid-in capital Retained earnings Sales revenue Rent revenue Interest revenue Wages expense Depreciation expense Utilities expense Insurance expense Rent expense Income tax expense Total Debit $1,530 2,260 112 1,660 3,100 15,890 Credit $3,120 2,520 630 3,980 1,752 530 86 3,680 1,520 39,880 830 112 20,100 1,920 404 804 9,120 1,740 $58,640 $58,640 Prepare a multistep income statement for the current year. Note: Round your earnings per share to 2 decimal places.

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter1: The Role Of Accounting In Business

Section: Chapter Questions

Problem 1.4.2MBA: Return on assets The following data (in millions) were adapted from recent financial statements of...

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Category Accounts payable Accounts receivable Accruals Additional paid in capital Cash Common Stock COGS Current portion long-term debt Depreciation expense Interest expense Inventories Long-term debt Net fixed assets Notes payable Operating expenses (excl. depr.) Retained earnings Sales Taxes Prior Year Current Year ??? ??? 320,715 397,400 40,500 33,750 500,000 541,650 17,500 47,500 94,000 105,000 328,500 431,876.00 33,750 35,000 54,000 54,402.00 40,500 42,823.00 279,000 288,000 339,660.00 398,369.00 946,535 999,000 148,500 162,000 126,000 162,881.00 306,000 342,000 639,000 847,928.00 24,750 47,224.00 What is the current year's return on assets (ROA)? Submit Answer format: Percentage Round to: 2 decimal places (Example: 9.24%, % sign required. Will accept decimal format rounded to 4 decimal places (ex: 0.0924))
How is the year-end balance of the NCI in Net Income (NCINI) account calculated? O A) NC1% of S's book/reported net income - NCI's % of Amort of Differential. B) NCI% of S's book/reported net income - NCI's % of Amort of Differential - NCI's% of S's dividends. C) NCI% of S's book/reported net income + NCI's % of Amort of Differential. D) NC1% of S's book/reported net income - NCI's % of Amort of Differential + NCI's% of S's dividends.
Category Accounts payable Accounts receivable Accruals Additional paid in capital Cash Common Stock COGS Current portion long-term debt Depreciation expense Interest expense Inventories Long-term debt Net fixed assets Notes payable Operating expenses (excl. depr.) Retained earnings Sales Taxes Prior Year Current Year 3,106.00 5,972.00 6,919.00 8,940.00 5,691.00 6,099.00 20,212.00 13,343.00 ??? ??? 2,850 18,751.00 500 2,850 22,826.00 500 965.00 1,016.00 1,259.00 1,123.00 3,086.00 6,750.00 16,982.00 22,296.00 75,731.00 73,844.00 4,053.00 6,596.00 19,950 20,000 35,937.00 34,762.00 46,360 45,530.00 350 920 What is the firm's cash flow from operations? Submit Answer format: Number: Round to: 0 decimal places.
O Accounts payable Accounts receivable Accruals Category Additional paid in capital Cash Common Stock COGS Current portion long-term debt Depreciation expense Interest expense Inventories Long-term debt Not fixed assets Notes payable Operating expenses (excl. depr.) Retained earnings Sales Taxes Prior Year Current Year 3,153.00 5,992.00 6,936.00 9,031.00 5,792.00 6,116.00 20,429.00 13,896.00 ??? Category 222 2,850 22,561.00 500 952.00 4,008.00 46,360 350 What is the firm's cash flow from financing? 1,259.00 1,120.00 3,060.00 6,658.00 16,820.00 22,100.00 75,431.00 74,071.00 6,567.00 19,950 20,000 35,524.00 34,531.00 45,432.00 2,850 Submit 18,594.00 500 1,019.00 920 Answer format: Number: Round to: 0 decimal places
How is the year-end balance of the NCI in Net Assets (NCINA) account calculated? A) Beginning-of-year NCINA + NCI's% of S's reported net income - NCI's % of Amort of Differential - NCI's% of S's dividends. B) Beginning-of-year NCINA – P's % of S's reported net income + P's % of Amort of Differential + P's % of S's dividends. C) Beginning-of-year NCINA – NCI's% of S's reported net income + NCI's % of Amort of Differential - NCI's% of S's dividends. D) Beginning-of-year NCINA + P's% of S's reported net income - P's % of Amort of Differential - P's% of S's dividends.
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Cash Accounts receivable Short-term debt investments (available-for-sale) Inventory Prepaid rent Equipment Accumulated depreciation-equipment Copyrights Total assets Accounts payable Income taxes payable Salaries and wages payable Short-term loans payable Long-term loans payable Common stock. $10 par Contributed capital, common stock Retained earnings Total liabilities & stockholders' equity Sales revenue Cost of goods sold Gross profit AYAYAI INC. INCOME STATEMENT FOR THE YEAR ENDING DECEMBER 31, 2017 Operating expenses Operating income 12/31/17 12/31/16 $6,000 $5,900 52,400 50,800 35,100 10,100 40.100 60,400 5,100 4,000 152,400 131,000 (34,700) (24,000) 45,500 49,900 $311,900 $296,300 Interest expense Gain on sale of equipment Income before tax Income tax expense Net income $45,900 $39,900 4,000 6,000 8,100 4,000 8,100 10,000 59,500 68,700 100,000 100,000 30,000 30,000 56.300 37,700 5311,900 $296,300 $11,400 2,000 $337,125 176,500 160,625 120,500 40,025 9,400 30,625 6,125 $24,500…
SalesOperating costs (excluding depreciation and amortization) EBITDADepreciation and amortization Earnings before interest and taxes Interest Earnings before taxesTaxes (40%)Net income available to common stockholders Common dividendsSEBRINGCORPORATION: BALANCESHEETSFORYEARENDINGDECEMBER31 (FIGURES ARE STATED IN MILLIONS) Assets: Cash and marketable securities Accounts receivableInventories Total current assets Gross Fixed Assets Less DepreciationNet plant and equipment Total assets 2005 2004 $3,600.0 $3,000.0 $3,060.0 $2,550.0 $540.0 $450.0 90.0 75.0 $450.0 $375.0 65.0 60.0 $385.0 $315.0 154.0 126.0 $231.0 $189.0 $15.0 $13.0 2005 2004 $ 36.00 $ 30.00 $ 340.00 $ 250.00 $ 457.00 $ 351.00 $ 833.00 $ 631.00 $ 1,065.00 $ 825.00 $ (165.00) $ (75.00) $ 900.00 $ 750.00 $ 1,733.00 $ 1,381.00 $ 324.00 $ 270.00 $ 201.00 $ 155.00 $ 216.00 $ 180.00 $ 741.00 $ 605.00 $ 450.00 $ 450.00 $ 1,191.00 $ 1,055.00 $ 150.00 $ 150.00 $ 392.00 $ 176.00 $ 542.00 $ 326.00 $ 1,733.00 $ 1,381.00…
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