Pa help po salamat Transactions1. Purchased inventory on account.2. A larger physical volume of goods was soldat smaller unit prices.3. Corporation declared a cash dividend.4. A bad account was written off againstthe allowance account.5. Issued additional shares of common stockand issued proceeds to retire long-term debt.6. Paid stock dividends on common stockin common stock.7. Conversion of bonds payable intocommon stock (ignore income taxes)8. Created an appropriation ofretained earnings9. During period of rising prices, companychanged from FIFO to LIFO method ofinventory pricing10.Paid previously declared cash dividend.for all costs.Ratio1. Quick ratio2. Gross profitpercentage3. Current ratio4. Current ratio5. Debt ratio6. Earnings pershare7. Interest coverageratio8. ROR on stockhold-er's equity9. Inventory turnover10. Debt ratioREQUIRED:1. What effect would each transaction or event have on the ratio at the right(increase, decrease, remain unchanged)?

Ratio analysis is a method for examining a company's financial accounts and assessing its…

Answered: haller unit prices. 3. Corporation…

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter9: Corporate Valuation And Financial Planning

Section: Chapter Questions

Problem 2Q

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Pa help po salamat
Classify each of the following items as: Inflow or Outflow. If neither, indicate Not Applicable. Particulars Amount Classification 1 Cash +600 2 Accounts Payable -1,200 3 Notes Payable +800 4 Long-term Debt -2,500 5 Inventory +400 6 Building +600 7 Accounts Receivable -900 8 Net Profits +700 9 Depreciation +200 10 Repurchase of shares of stock +500 11 Cash Dividends +300 12 Sale of Stock +1,300 13 Transportation Equipment -500 14 Treasury Stock -300 15 Ordinary Shares +1,500
Accounts Payable Accounts Receivable Accumulated Depreciation (Equip) Allowance for Doubtful Accounts Bonds Payable Cash Cash Dividends Common Stock Cost of Goods Sold Depreciation expense Equipment Interest Expense Inventory Adjusted Trial Balance 12/31/2020 Gain on Sale of Equipment Notes Payable (due 9/30/22) PIC in Excess of Par - Common PIC from Treasury Stock Preferred Stock Prepaid Rent Retained Earnings Salary Expense Sales Returns & Allowances Sales Revenue Supplies Treasury Stock Unearned Sales Revenue Utilities Expense TOTALS Debit $4,000 $12,400 $2,800 $16,400 $1,400 $50,000 $400 $4,800 $600 $4,600 $2,000 $400 $600 $2,000 Credit $9,000 $10,000 $200 $10,000 $600 $600 $600 $20,000 $1,400 $6,000 $6,400 $36,800 $800 $102,400 $102,400 Total Assets Total Current Assets Total Liabilities Total Current Liabilities Total Stockholders' Equity Total Paid-in Capital Gross Profit Income from Operations Net Income Intangible Assets
4. Roland Carlson: disc ops The following data is from the records of Roland Carlson Inc. for the year ended December 31, 2021. $ Cost of goods sold Sales revenue Sales discounts General and administrative expenses Gain on sale of available-for-sale securities Gain on sale of discontinued operations Income taxes attributed to discontinued operations Loss on sale of building Loss on write-down of inventory to NRV Unrealized loss on trading securities Income tax expense Dividends declared (common stock) Dividends declared (preferred stock) Common stock outstanding 850,000 1,900,000 30,000 240,000 95,000 75,000 25,000 40,000 6,000 47,000 187,000 90,000 40,000 1,600,000 shares . The company disposed of the discontinued operations component during the year, and the disposal ripresented a deliberate strategic shift which had a material effect on the company's operations. Instructions: Prepare a multiple-step Income statement. Round earnings per share to 2 decimal places.
Show the effect of each transaction on the items listed next to the transactions(increase, decrease, no effect)
19. Ebasan Company have the following account balances: Cash (net of overdraft of P100,000) Accounts receivable Accounts payable Notes payable Loans payable Income tax payable Warranty obligations Deferred revenue Cumulative, redeemable preference shares at the option of the holder Non-cumulative, non-redeemable preference shares What is the total amount considered as financial liabilities? A. 4,620,000 B. 3,620,000 C. 4,600,000 D. 4,500,000 P300,0000 450,000 1,200,000 500,000 1,800,000 120,000 180,000 240,000 1,000,000 2,000,000
C O O O Using a perpetual inventory system, how should a company record the sale of inventory costing $540 for $1,100 on account? Inventory Cost of Goods Sold Sales Revenue Accounts Receivable Accounts Receivable. Sales Revenue Accounts Payable Inventory Inventory Gain. Sales Revenue O Accounts Receivable. Sales Revenues. Gain O None of these answer choices are correct. ! 1 F1 Click Save and Submit to save and submit. Click Save All Answers to save all answers. Q A 2 N I F2 W #3 3 80 F3 E X $ 4 S D a F4 R C 1,100 LL 1,100 сторо 540 5 J *540 1,100 F 540 560 F5 T V ^ 6 540 1,100 1,100 540 1,100 MacBook Air G 540 560 F6 Y & 7 B J F7 H * 00 U 8 DII FB J N ( 9 1 F9 K M ) Save All Answers O O F10 <
1. Mark the active and passive items in the list (marking with A or P) Goods in stock Spare parts 1 2 3 4 10 5 160 Overpayment of taxes Money in the current account Advance payments made by buyers Share capital 7 8 9 10 11 12 Trade payables Reserve capital Debt to suppliers Debt for wages Retained earnings Vehicles
Which of the following is not a way to manage earnings? A. Change the method for bad debt estimation. B. Change the figure for the uncollectible percentage. C. Under the balance sheet aging method, change the past-due categories. D. Change the dates of common stock issuance.
1. Mark the active and passive items in the list (marking with A or P) 2 3 4 5 6 Goods in stock Spare parts Overpayment of taxes Money in the current account Advance payments made by buyers Share capital 2. What a balance-sheet equation is: 3. Elements of the accounting method 7 8 9 10 11 12 Trade payables Reserve capital Debt to suppliers Debt for wages Retained earnings Vehicles
List of accounts Bonds Payable Buildings Cash Cash Dividends Common Stock Common Stock Dividends Distributable Debt Investments Discount on Bonds Payable Dividend Revenue Dividends Payable Fair Value Adjustment-Available-for-Sale Fair Value Adjustment-Stock Fair Value Adjustment-Trading Gain on Sale of Debt Investments Gain on Sale of Stock Investments Interest Expense Interest Payable Interest Receivable Interest Revenue Loss on Sale of Debt Investments Loss on Sale of Stock Investments No Entry Pald-In Capital in Excess of Par-Common Stock Revenue from Stock Investments Short-Term Investments Stock Dividends Stock Investments Unrealized Gain or Loss-Equity Unrealized Gain or Loss-Income
22 - Which of the following accounts is not included in the opening record? A) linked securitiesB) net profit for the periodC) accumulated depreciationD) long term Bank loansE) ordinary income and profits

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