FDNACCT has the following information on October 31, 2021. Assets P202,000 Liabilities 77,000 Capital, beginning 93,000 Revenues 105,200 Expenses ? Drawings None How much is the total expenses of the business?
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![FDNACCT has the following information on October 31, 2021.
Assets
P202,000
Liabilities
77,000
Capital, beginning
93,000
Revenues
105,200
Expenses
?
Drawings
None
How much is the total expenses of the business?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F44bc462b-9c1c-4e0f-8a31-0cd53f442170%2F0445f158-2fd7-42e0-b02f-ea01174a9e11%2Fb6bga1g_processed.png&w=3840&q=75)
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- Condensed balance sheet and income statement data for Jergan Corporation are presented here. Jergan CorporationBalance SheetsDecember 31 2020 2019 2018 Cash $ 29,600 $ 17,000 $ 17,600 Accounts receivable (net) 50,600 44,300 48,300 Other current assets 90,300 94,500 64,500 Investments 55,000 70,000 44,700 Plant and equipment (net) 500,400 370,600 357,400 $ 725,900 $ 596,400 $ 532,500 Current liabilities $ 85,400 $ 79,800 $ 69,900 Long-term debt 144,900 84,300 50,900 Common stock, $10 par 351,000 310,000 300,000 Retained earnings 144,600 122,300 111,700 $ 725,900 $ 596,400 $ 532,500 Jergan CorporationIncome StatementFor the Years Ended December 31 2020 2019 Sales revenue $ 737,000 $ 605,800 Less: Sales returns and allowances 39,700 30,300…Just Dew It Corporation reports the following balance sheet information for 2020 and 2021. JUST DEW IT CORPORATION 2020 and 2021 Balance Sheets Assets 2020 2021 Liabilities and Owners’ Equity 2020 2021 Current assets Current liabilities Cash $ 7,800 $ 12,250 Accounts payable $ 46,400 $ 52,750 Accounts receivable 15,800 31,000 Notes payable 20,600 26,500 Inventory 53,400 64,250 Total $ 77,000 $ 107,500 Total $ 67,000 $ 79,250 Long-term debt $ 46,000 $ 40,000 Owners’ equity Common stock and paid-in surplus $ 50,000 $ 50,000 Retained earnings 237,000 330,750 Net plant and equipment $ 323,000 $ 392,500 Total $ 287,000 $ 380,750 Total assets $ 400,000 $ 500,000 Total liabilities and owners’ equity $ 400,000 $ 500,000 For each account on this company’s balance sheet, show the change in the account during 2021 and note whether…A comparative balance sheet for Sunland Corporation is presented as follows. December 31 Assets 2020 2019 Cash $ 72,900 $ 22,000 Accounts receivable 84,190 68,290 Inventory 182,190 191,290 Land 73,190 112,290 Equipment 262,190 202,290 Accumulated Depreciation-Equipment (71,190 ) (44,290 ) Total $603,470 $551,870 Liabilities and Stockholders' Equity Accounts payable $ 36,190 $ 49,290 Bonds payable 150,000 200,000 Common stock ($1 par) 214,000 164,000 Retained earnings 203,280 138,580 Total $603,470 $551,870 Additional information: 1. Net income for 2020 was $129,380. No gains or losses were recorded in 2020. 2. Cash dividends of $64,680 were declared and paid. 3. Bonds payable amounting to $50,000 were retired through issuance of common stock. Prepare a statement of cash flows for 2020…
- The current sections of Headlands Corp.'s balance sheets at December 31, 2021 and 2022, are presented here. Headlands Corp.'s net income for 2022 was $330,200. Depreciation expense was $54,600. Current assets Cash Accounts receivable Inventory Prepaid expenses Total current assets Current liabilities Accrued expenses payable Accounts payable Total current liabilities 2022 $80,600 110,500 101,400 22,100 $314,600 $7,800 114,400 $122,200 2021 $ 115,700 89,700 80,600 24,700 $310,700 $20,800 93,600 $ 114,400 Prepare the net cash provided by operating activities section of the company's statement of cash flows for the year ended December 31, 2022, using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)Tara Co. Statement of Financial Position As at December 31, 2021 2021 2020 Cash 4,400 6,000 Accounts receivable (net) 9,400 10,600 6,040 4,000 Inventory Prepaid rent 520 1,200 64,840 48,040 - 6,400 - 8,000 960 FVTOCI Investments 800 Property, Plant and Equipment Accumulated depreciation 80.000 62,400 Accounts payable 4,095 3,700 Wages payable Interest payable 365 710 360 300 Unearned revenues 500 700 Dividends payable 560 Long term Note Payable 10,300 52,000 39,000 12,000 8,300 Common shares Retained earnings Accumulated OCI – FVTOCI Investments 9,600 180 90 80,000 62,400 Additional Information for 2021: Machinery costing $10,000 was acquired by issuing a long-term note for the full amount. Machinery with original cost of $5,500 was sold during the year. One FVTOCI investment was sold for $400 during the year. This investment's original cost was $160 and had a carrying value of $360 at the beginning of 2021. Required : Prepare the following parts of the Statement of Cash Flow for the…If a business has the following balances, what would be the amount of total liabilities?ASSETSCash $ 5000Accounts Receivable 2575Equipment 14000OWNER'S EQUITYAnne Miller, Capital 2600
- A. Moneague Wholesale Ltd. Statement of Financial Position as at Dec. 31, 2019 Assets $000 $1000 Net Fixed Assets 800 Current Assets Inventories 1000 Accounts Receivable 600 Cash and Securities 100 1700 Total Assets 2500 Equity and Liabilities Common Equity 1100 Non-Current Liabilities Long term debt (12%)…• The following is available for Golden Corporation for 2019: Sales 2,000,000 Average invested capital (assets) 500,000 Net income 300,000 I Cost of capital 18% What is the residual income for Golden Corp.? 1. P - 0 - 2. P 200,000 3. P 210,000 4. P 246,000 0 1 O 2 O 3 O 4Suppose the following financial data were reported by 3M Company for 2019 and 2020 (dollars in millions). 3M CompanyBalance Sheets (partial) 2020 2019Current assets Cash and cash equivalents $3,200 $1,845Accounts receivable, net 3,450 3,180Inventories 2,639 3,042Other current assets 1,872 1,549Total current assets $11,161 $9,616Current liabilities $4,853 $5,893 (a)Calculate the current ratio and working capital for 3M for 2019 and 2020. (Round current ratio to 2 decimal places, e.g. 1.25 : 1. Enter working capital answers to million.) Current ratio 2019 :12020 :1 Working capital 2019 $ million2020 $ million (b)The parts of this question must be completed in order. This part will be available when you complete the part above.
- compute the amount of liabilities for December 31 2018. assets for 2018 119,000. december 2019 assets 113,000. liabilities 70,000.stock issuance 6,500. net income 20,000. cash dividends 11,000.Presented here are the financial statements of Coronado Company. Coronado Company Comparative Balance Sheets December 31 Assets 2022 2021 Cash 37,500 19,100 Accounts Receivable 33,000 20,000 Inventory 30,700 20,200 Property, Plant, and Equipment 59,700 77,100 Accumulated Depreciation (29,900) (23,100) Total 131,000 113,300 Liabilities and Stockholders’ Equity Accounts Payable 28,100 17,000 Income Taxes payable 7,200 8,300 Bonds Payable 27,800 33,000 Common Stock 19,000 14,800 Retained Earnings 48,900 40,200 Total 131,000 113,300 Coronado Company Income Statement For the Year Ended December 31, 2022 Sales revenue 241,900 Cost of Goods Sold 177,000 Gross Profit 64,900 Selling Expenses 18,150 Administrative Expenses 6,050 24,200 Income from Operations 40,700…Presented here are summarized data from the balance sheets and income statements of Wiper Inc.: WIPER INC. Condensed Balance Sheets December 31, 2020, 2019, 2018 (in millions) 2020 2019 2018 Current assets $ 685 $ 917 $ 773 Other assets 2,417 1,924 1,723 Total assets $ 3,102 $ 2,841 $ 2,496 Current liabilities $ 581 $ 816 $ 714 Long-term liabilities 1,510 995 860 Stockholders’ equity 1,011 1,030 922 Total liabilities and stockholders' equity $ 3,102 $ 2,841 $ 2,496 WIPER INC. Selected Income Statement and Other Data For the year Ended December 31, 2020 and 2019 (in millions) 2020 2019 Income statement data: Sales $ 3,054 $ 2,917 Operating income 300 314 Interest expense 88 69 Net income 203 198 Other data: Average number of common shares outstanding 41.7 47.1 Total dividends paid $ 54.0 $ 52.7…
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