Correct Answer Determine the missing amount:Assets = Liabilities + Owner'sEquity. $895000$354000=+

Step 1: Analysis of information givenAssets = Liabilities + Owner's EquityAssets = $895,000Owner's…

Answered: Determine the missing amount: Assets =…

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter15: Financial Statements And Year-end Accounting For A Merchandising Business

Section: Chapter Questions

Problem 4TF

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Determine the missing amount: cash$239,186;short term investment$353,700;acct receiv$504,944;inventory? Prepaid exp$83,259;total current asset$1,594927; property&equipment? what is the inventory amount and property& equipment amount?
Based on the following data, what is the amount of current assets? Accounts payable $64500 Accounts receivable 112000 Cash 74000 Intangible assets 112000 Inventory 128000 Long-term investments 168000 Long-term liabilities 206500 Short-term investments 81500 Notes payable 57000 Property, plant, and equipment 1330000 Prepaid insurance 2400 O $239900 $267500 O $269900 $397900
ACCOUNTING ASAP Assume the following data: EBIT = 100; Depreciation = 40; Interest = 20; Dividends = 10. Calculate the cash coverage ratio. Select one: a. 7.0x b. 4.7x c. 14.0x d. 5.0x
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1.3Comment on the following:1.3.1Cash flows from operating activities R756 000(4 marks)1.3.2Increase in receivables (R396 000)(4 marks)1.3.3Cash flows from investing activities (R1 368 000)(4 marks)
ii
1. What anount should be reported as total assets after restatement for hyperinflation? a. 5,150,000 b. 3,950,000 c. 4,800,000 d. 4,850,000 2. What amount should be reported as total liabilities after restatement for hyperinflation? a. 2,400,000 b. 1,200,000 c. 1,325,000 d. 1,500,000 3. What amount should be reported as retained earnings after adjusting for hyperinflation? a. 2,350,000 b. 2,750,000 c. 3,550,000 d. 2,625,000
B4.
the equation for book value is: book value = cost of an asset minus its accumulated depreciation. true or false?
Based on the following adjusted trial balance of Lyndon Company on December 31, 200C, the end of the accounting period: Cash Note Receivable P 67,075 70,000 176,500 Accounts Receivable Allowance for Bad Debts Merchandise Inventory, Jan. 1 Furniture & Fixtures 5,400 60,900 34,100 Accumulated Depreciation - Furn. & Fixt Office Equipment Accumulated Depreciation - Office Eapmt Note Payable Accounts Payable Leonard Capital Leonard Drawing Sales Sales Returns 3,100 15,500 1,500 20,000 94,750 265,000 9,500 572,875 11,000 6,400 390,750 5,415 Sales Discount Purchases Freight in Purchase Returns Pychase discount Salaries Expense Rent Expense Insurance expense Office supplies expense Rental Income 3,630 6,885 99.530 24,000 5,250 2,200 5,000 Additional information: Merchandise Inventory, December 31, P 76,000
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Determine the missing amount: Assets = Liabilities + Owner's Equity. $895000 $354000 = +