l3ase answ3 in a table format like in an exc3l or g00gle sheets
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- Unusual income statement items Assume that the amount of each of the following items is material to the financial statements. Classify each item as either normally recurring (NR) or unusual (U) items. If unusual item, then specify if it is a discontinued operations item (DO). a. Interest revenue on notes receivable. b. Gain on sale of segment of the company's operations that manufactures bottling equipment. c.Loss on sale of investments in stocks and bonds. d. Uncollectible accounts expense. e. Uninsured flood loss. (Hood insurance is unavailable because of periodic Hooding in the area.)Required: List any corrections that need to be made. Errors can be in classification, lack of disclosure, format, or terminology. Eldorado Bhd. Balance Sheet For the Year Ended June 30, 2019 Assets Current Assets: RM 37,000 62,000 17,000 RM116,000 Accounts Receivable Merchandise Inventory Cash Investments: Marketable Securities Treasury Stock RM 18,000 4,000 22,000 Tangible Assets: Buildings Less: Reserve for Depreciation RM194,000 (34,000) 160,000 Other Assets: Unamortized Portion of Bond Payable Discount 3,000 RM301.000 Liabilities and Stockholders' Equity Current Liabilities: Accounts Payable Bank Note Payable (due 6/1/2022) RM 26,000 22,000 RM 48,000 Long-Term Liabilities: Bonds Payable 112,000 Capital Stock: Common Stock Earned Surplus RM 49,000 92,000 141,000 RM301.000calculated the current ratio, acid test ratio, account receivable turnover ratio, net profit margin ratio, gross profit margin ratio, asset turnover ratio, asset turnover ratio, debt ratio, debt to total assets ratio. tq
- O Terminology Matching Long-Term Investments Ratio Analysis Depreciation Intangible Assets Current Liabilities Long-Term Liabilities Liquidity Ratios Solvency Ratios SEC IFRS Hg continued - Academic Resou... Terminology Matching - Academic Res... Oversees U.S. financial markets and accounting standard- setting bodies Obligations to pay within the next year of the operating cycle Set accounting standards that have been adopted by many countries outside the United States Expresses the relationship among selected items of financial statements Allocation of the cost of an asset to a number of years Examples: Current ratio, working capital ratio Examples: Bonds payable, mortgages payable, long-term notes payable, lease liabilities, pension liabilities Measures the ability of the organization to survive over a long period of time Examples: Stocks and bonds that are held more than 1 year, land, buildings, long-term notes Examples: Goodwill, character, patents, copyrights, trademarks,…QUESTION : " The balance sheet of Lara Ltd are as follows: 31/12/2019 Non-Current Assets RM RM RM Equipment (Cost) Less: Accumulated depreciation 28,500 (11,450) 17,050 Current Assets 18,570 Inventory Account receivable 8,470 Less: Provision doubtful debts (420) 8,050 4,060 30,680 Cash and bank Total Assets Current Liabilities Account Payable 4,140 Non-Current Liabilities Loan 10,000 Total Liabilities (14,140) 16,540 Net Assets 33,590 Capital Opening Add: Net profit 35,760 10,240 Cash introduced Less: Drawing Total Capital (12,410) 33,590 31/12/2020 Non-Current Assets RM RM RM Equipment (Cost) Less: Accumulated depreciation 26,100 (13,010) 13,090 Current Assets 16,250 Inventory Account receivable 14,190 Less: Provision doubtful debts (800) 13,390 3,700 33,340 Cash and bank Total Assets Current Liabilities Account Payable 5,730 Non-Current Liabilities Loan 4,000 23,610 36,700 Total Liabilities (9,730) Net AssetsThe return on average shareholders' equity for 2022 is 63.8%. Calculate the return on average shareholders' equity for 2023.
- PROBLEM I The current asset section of the statement of financial position prepared by the accountant of II Company as of December 31, 2024 as follows: Current Assets: Cash Financial asset at fair value through profit or loss Accounts receivable Inventory Other current assets TOTAL CURRENT ASSETS 536,000 500,000 3,285,000 3,500,000 140,000 P7,961,000 The company determines its inventory at year-end by physical count. An examination of the accounts showed the following: a. On December 31, 2024, the company issued and recorded a check payable to a vendor dated January 15, 2025 in the amount of P80,000. b. The financial assets were purchased during the year 2024 for P500,000. Fair value at December 31 was P550,000. c. Accounts receivable includes selling price of goods invoiced to a customer on December 27, 2024. The goods cost P120,000 and were billed at 150% of cost. The goods were shipped FOB destination on December 27, 2024 and were received by the customer on January 5, 2025. d.…Topic: InvestmentScanned with CamScanner Scanned with CamScanner Balance Sheets as at 31 December Non current asse Current assets ess depreciation Accounts reco Total assets Accounts pavable oan hotes Net awetse entory at 1 January 2018 was E50,000. Required: 2018 and 2019 Cn Net promt capons for and signi of any changes in the ratios shown by your calaton Scanned with CamScanner given below. Income Statements for the years ending 31 December 2018 2019 £00 £000 £000 E000 Sales Less Cost of sales Gross profit 200 (150) 50 280 (210) 70 Less Administration expenses 38 46 Loan note interest 4 (50) (38) 12 Net profit 20
- Calculate the liquidity ratios and current ratios?Common-size Balance Sheet. Explain what it is and why it is used inbusiness. Prepare common-size balance sheet for Target with the infoprovided below. Assets CashAccounts receivableInventoryOther current assetsTotal current assetsGross plant and equipmentAccumulated depreciationNet plant and equipmentLong-term investmentsGoodwill, trademarks, andother intangible assetsTotal assets $ Dec 31, 2022$20,2684,8733.2772,886$31,304$25,032-10,065$14,96711,512 32,272 $90,055Classify the accounts listed below by matching the account name with one of the following financial statementsections in which the account would be reported:a. Current Assetsb. Fixed Assetsc. Intangible Assetsd. Current Liabilitye. Long-Term Liabilityf. Owners’ Equityg. Revenuesh. Operating Expensesi. Other Income/Expense____ 31. Buildings____ 32. Accumulated Depreciation - Buildings____ 33. Depreciation Expense____ 34. Trademarks____ 35. Amortization Expense____ 36. Repairs Expense____ 37. Land Improvements____ 38. Gain on sale of equipment____ 39. Loss on disposal of asset____ 40. Loss from Impaired Goodwill