Compute the net income or net loss for the month ended on June 30, 2021. from the following data: -Assets on June 1, 2021: $50,000 -Liabilities on June 1, 2021: $35,000 -Capital on June 30, 2021: $18,000 -Additional investments by the owner during the year 2021: $3,000 Withdrawals during the year 2021: $2,000 A. $1,000 B. $2,000 C. $3,000 D. $4,000

The following information is available for J Ltd. for the year ended 2021: Net working capital Long-term debt Total assets Fixed assets Calculate the amount of the total liabilities. $6,880 $4,970 $2,480 $460 $4,970 $8,390 $5,910 $6,990

Account

Sonic Corporation recorded current assets of $345,200 and current liabilities of $318,650 for year 2020. Compute for Sonic's working capital for the year. Select one: a. $663,850 b. $26,550 O C. 92% d. 1.08

What was Lumina Corp.'s rate of return on assets for 2023 on these general accounting question?

Presented below are a number of balance sheet items for radiant, Inc. for the current year, 2020. Goodwill   $ 126,520   Accumulated Depreciation-Equipment   $ 292,470 Payroll Taxes Payable   179,111   Inventory   241,320 Bonds payable   301,520   Rent payable (short-term)   46,520 Discount on bonds payable   15,470   Income taxes payable   99,882 Cash   361,520   Rent payable (long-term)   481,520 Land   481,520   Common stock, $1 par value   201,520 Notes receivable   447,220   Preferred stock, $10 par value   151,520 Notes payable (to banks)   266,520   Prepaid expenses   89,440 Accounts payable   491,520   Equipment   1,471,520 Retained earnings   ?   Debt investments (trading)   122,520 Income taxes receivable   99,150   Accumulated Depreciation-Buildings   270,670 Notes payable (long-term)   1,601,520   Buildings   1,641,520 Prepare a classified balance sheet in good form. Common stock authorized was…

Condensed financial data of Martinez Company for 2020 and 2019 are presented below. MARTINEZ COMPANYCOMPARATIVE BALANCE SHEETAS OF DECEMBER 31, 2020 AND 2019     2020   2019 Cash   $1,780     $1,130   Receivables   1,740     1,290   Inventory   1,610     1,870   Plant assets   1,930     1,710   Accumulated depreciation   (1,210 )   (1,150 ) Long-term investments (held-to-maturity)   1,290     1,440       $7,140     $6,290                 Accounts payable   $1,180     $900   Accrued liabilities   190     240   Bonds payable   1,410     1,590   Common stock   1,920     1,690   Retained earnings   2,440     1,870       $7,140     $6,290     MARTINEZ COMPANYINCOME STATEMENTFOR THE YEAR ENDED DECEMBER 31, 2020 Sales revenue   $6,880 Cost of goods sold   4,650 Gross margin   2,230 Selling and administrative expenses   940 Income from…

Calculate RETURNED ON INVESTED CAPITAL by referring the pictures of Financial Position and Statement of Profit or Loss given with this question.

Condensed financial data of Flounder Company for 2020 and 2019 are presented below. FLOUNDER COMPANYCOMPARATIVE BALANCE SHEETAS OF DECEMBER 31, 2020 AND 2019     2020   2019 Cash   $1,760     $1,180   Receivables   1,780     1,280   Inventory   1,610     1,920   Plant assets   1,880     1,660   Accumulated depreciation   (1,220 )   (1,190 ) Long-term investments (held-to-maturity)   1,310     1,400       $7,120     $6,250                 Accounts payable   $1,170     $880   Accrued liabilities   190     240   Bonds payable   1,390     1,540   Common stock   1,910     1,730   Retained earnings   2,460     1,860       $7,120     $6,250     FLOUNDER COMPANYINCOME STATEMENTFOR THE YEAR ENDED DECEMBER 31, 2020 Sales revenue   $7,020 Cost of goods sold   4,780 Gross margin   2,240 Selling and administrative expenses   910 Income from…

Condensed financial data of Cullumber Company for 2020 and 2019 are presented below. CULLUMBER COMPANYCOMPARATIVE BALANCE SHEETAS OF DECEMBER 31, 2020 AND 2019     2020   2019 Cash   $1,790     $1,170   Receivables   1,780     1,310   Inventory   1,580     1,900   Plant assets   1,900     1,720   Accumulated depreciation   (1,180 )   (1,140 ) Long-term investments (held-to-maturity)   1,310     1,420       $7,180     $6,380                 Accounts payable   $1,220     $880   Accrued liabilities   210     240   Bonds payable   1,380     1,550   Common stock   1,930     1,660   Retained earnings   2,440     2,050       $7,180     $6,380     CULLUMBER COMPANYINCOME STATEMENTFOR THE YEAR ENDED DECEMBER 31, 2020 Sales revenue   $6,690 Cost of goods sold   4,650 Gross margin   2,040 Selling and administrative expenses   930 Income from…