contributed capital (4000 shares) notanno caminys paRevenues (not detailed)Expenses (not detailed)TotalsF10442$ 199 $ 1993737CAYUGA LTD.Statement of EarningsFor the Year Ended December 31(In thousands of dollars, except for Earnings per Share)Revenues$ExpensesEarnings before income taxIncome tax expenseNet earningsEarnings per share$4-a. Using the adjusted balances, prepare a statement of earnings. (Enter your answers in thousands of dollars. Round "Earnings pershare" to 2 decimal places.)104604419251047937 $232 $ 2324-b. Using the adjusted balances, prepare a statement of changes in equity. (Enter your answers in thousands of dollars. Negativeanswers should be indicated by minus sign.)< Prev3 of 3Next >

The Income Statement is known as Statement of Earnings. It is a Statement that shows the result of…

Answered: o cammys only Revenues (not detailed)…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

WACC-Book weights and market weights Webster Company has compiled the information shown in the following table: a. Calculate the weighted average cost of capital using book value weights. b. Calculate the weighted average cost of capital using market value weights. c. Compare the answers obtained in parts a and b. Explain the differences. a. The firm's weighted average cost of capital using book value weights is decimal places.) %. (Round to two
ces W Ö Bing, Incorporated, has current assets of $6,400, net fixed assets of $25,000, current liabilities of $6,100, and long-term debt of $14,600. a. What is the value of the shareholders' equity account for this firm? (Do not round intermediate calculations.) b. How much is net working capital? (Do not round intermediate calculations.) a. Shareholders' equity b. NWC 000 000
Orem Corporation's current liabilities are $191,880, its long-term liabilities are $1,356, 420, and its working capital is $268, 600. If the corporation's debt-to - equity ratio is 0.39, total long-term assets must equal: Multiple Choice $5, 249, 700 $5,057, 820 $4, 565, 820 $3,970, 000
17. The asset and liabilities of a corporation are 100M and 20M, respectively. There are 10M shares outstanding whose market price is $10 per share. EPS for the year is $2. The book ROE for this corporation is ____ and the market ROE is ____. A. 25% / 20% B. 15% / 20% C. 20% / 25% D. 20% / 20% E. 25% / 15%
Ma3. Investor owns 10% of Investee shares and has the ability to exert significant influence. In 2022 Investee reported net income of $800,000 and paid cash dividends of $120,000. 1.. If Investor uses the indirect method to present the activities operational: a. It will add $80,000 b. It will add $12,000 c. Will subtract $68,000 d. It will add $68,000 2. If Investor uses the direct method to present the activities operational: a. It will add $80,000 b. It will add $12,000 c. Will subtract $68,000 d. It will add $68,000
A corporation is being formed with a P40, 000 authorized share capital. How much of the P40, 000 should be subscribed for, and how much must be paid in full? 1. P 10,000; P 2,500 2. P 15,000; P 5,000 3. P 10,000; P 5,000 4. P 15,000; P 2,500
of stion Paid-in capital consists of: O b. O c. O d. earnings generated by the corporation. capital raised by issuing bonds. amounts paid by customers. amounts received from stockholders. Bradley Corporation issued 10,000 shares of common stock on 101. par and was
C. 400,000 d. 600,000 2 shory r Poo : 2001 73. At the start of the year, the shareholders: equity section of D Corporation shows the following: Ordinary share capital, 400,000 shares at P10 par Share premium-Ordinary share Accumulated earnings During the year, the following donations were received from the shareholders: Land, P500,000 cost; P720,000 fair ,market value 40,000 of its own ordinary shares, P13 fair market value P4,000,000 2,500,000 1,000,000 The total shareholders' equity after the donations would be: a. P7,500,000 b. P8,020,000 C. P8,100,000 d. P8,620,000 74. The following transactions were taken from J Company: Authorized share capital is 100,000 shares at P100 par per share. Total subscription of equity share is 15,000 shares at subscription price of P125 per share. Two-thirds of total subscription were fully paid and issued with share certificate. The balance of total subscriptions had P400,000 outstanding receivable. How much is the net increase in the shareholder's…
The following additional information was provided: 1) The Authorized Capital of the business is 300,000 Ordinary Shares of Sh.0.50 each and 75,000 8% preference shares of Sh. 1.00 each. 2) A final dividend of Sh.0.625 per ordinary share is proposed. 3) The Reserve for Increased Replacement costs of Fixed Assets is to be increased to Sh.20,000. (i) A profit and Loss Appropriation Account for the year to 31st December 2019. (ii) Statement of Financial position as at the same date.
H7. The charter of a corporation provides for the issuance of 147,000 shares of common stock. Assume that 55,000 shares were originally issued and 11,500 were subsequently reacquired. What is the number of shares outstanding? a. 43,500 b. 55,000 c. 147,000 d. 11,500 Please show all step by step calculation
Current assets Long-term assets Total Locust Farming Balance Sheet ($ in millions) $ 42,524 46,832 Current liabilities Long-term debt Other liabilities Equity $ 89,356 Total $ 29,755 27,752 14,317 17,532 $ 89,356 Locust has 657 million shares outstanding with a market price of $83 a share. a. Calculate the company's market value added. b. Calculate the market-to-book ratio. c. How much value has the company created for its shareholders as a percent of shareholders' equity, that is, as a percent of the net capital contributed by shareholders?
The balance sheet for the Capella Corporation is as follows: Assets Liabilities and Shareholders' Equity Current assets $ 300 Current liabilities $ 110 Net fixed assets 1, 200 Long-term debt 500 Shareholders' equity 890 Total assets $ 1,500 Total liabilities and shareholders' equity $ 1, 500 What is the Net Working Capital for Capella Corporation?

SEE MORE QUESTIONS

Recommended textbooks for you

FINANCIAL ACCOUNTING

Accounting

ISBN:

9781259964947

Author:

Libby

Publisher:

MCG

Accounting

ISBN:

9781337272094

Author:

WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.

Publisher:

Cengage Learning,

Accounting Information Systems

Accounting

ISBN:

9781337619202

Author:

Hall, James A.

Publisher:

Cengage Learning,

FINANCIAL ACCOUNTING

Accounting

ISBN:

9781259964947

Author:

Libby

Publisher:

MCG

Accounting

ISBN:

9781337272094

Author:

WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.

Publisher:

Cengage Learning,

Accounting Information Systems

Accounting

ISBN:

9781337619202

Author:

Hall, James A.

Publisher:

Cengage Learning,

Horngren's Cost Accounting: A Managerial Emphasis…

Accounting

ISBN:

9780134475585

Author:

Srikant M. Datar, Madhav V. Rajan

Publisher:

PEARSON

Intermediate Accounting

Accounting

ISBN:

9781259722660

Author:

J. David Spiceland, Mark W. Nelson, Wayne M Thomas

Publisher:

McGraw-Hill Education

Financial and Managerial Accounting

Accounting

ISBN:

9781259726705

Author:

John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles

Publisher:

McGraw-Hill Education

SEE MORE TEXTBOOKS