Snoopy Co.'s trial balance includes the following account balances at September 30, 2021: Accounts receivable, net $ 86,000 FV-NI investments 16,000 Accumulated depreciation, equipment 31,000 Cash 25,000 Inventory 56,000 Equipment 150,000 Land 36,000 Prepaid expenses 3,000 What is the total of non-current assets as at September 30, 2021? Question 9 options: $186,000 $217,000 $171,000 $155,000

Snoopy Co.'s trial balance includes the following account balances at September 30, 2021: Accounts receivable, net $ 86,000 FV-NI investments 16,000 Accumulated depreciation, equipment 31,000 Cash 25,000 Inventory 56,000 Equipment 150,000 Land 36,000 Prepaid expenses 3,000 What is the total of non-current assets as at September 30, 2021? Question 9 options: $186,000 $217,000 $171,000 $155,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Selected accounts from Han Corporation’s trial balance are as follows. Prepare a partial balance sheet listing only the Fixed Assets section. Han Corporation Abbreviated Trial Balance December 31, 2020 Account Name (Acct. #) Debit Balances Credit Balances Cash 150,000 Short-term Marketable Securities 145,000 Accounts Receivable 26,000 Inventories 90,000 Other Current Assets 10,000 Land 350,000 Buildings 300,000 Accumulated Depreciation: Buildings 40,000 Equipment 145,000 Accumulated Depreciation: Equipment 150,000 Goodwill 40,000 Other Intangible Assets 20,000
Balance Sheet for Bearcat Hathaway, 2022 2021 2022 Cash Accounts. Receivable $5,268,485 $10,268,485 Inventory $529,062 $696,685 Current Assets $8,371,777 $13,279,842 Less $2,574,230 $2,314,672 Gross Fixed Assets $16,251,665 $20,567,330 Accum.Depreciation Total Assets $7,460,897 $10,117,819 Accounts Payable Notes. Payable Current Liabilities Calculate the net working capital in 2022. Long Termi Debt Total Liabilities, None of these options are correct $10,572,740 $5,664,675 $8,854,338 $3,946,273 Total $17,162,545 $23,729,353 Liabilities and Equity Capital Surplus Retained. Earnings 2021 2022 $1,673,992 $2,438,271 Common Net Fixed Assets $8,790,768 $10,449,511 Stock ($0.50 $1,300,000 $1,600,000 par) $1,033,110 $1,987,233 $2,707,102 $4,425,504 $9,242,830 $11,468,302 $11,949,932 $15,893,806 $1,148,120 $1,800,969 $2,764,493 $4,434,578 $17,162,545 $23,729,353
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January 2020 the following trial balance was extracted from the books of Yusiti Credit RM Particulars Debit RM Capital 1 February 2019 Vehicles at cost 101,430 Equipment at cost Purchases and sales 35,000 80,000 284,680 503,520 Provision for depreciation at 1 February 2019: Vehicles 21,000 35,000 650 Equipment Return inward and return outwards 1,340 Finance expenses Stock at 1 February 2019 Vehicles expenses Rent, rates and insurance Office expenses Drawings Petty cash Wages and salaries Bad debts Debtors and creditors Cash at bank 1,220 25,570 4,930 7,420 21,940 23,550 200 95,370 1,240 83,210 14,880 680,550 680,550 18,950 ТОTAL dditional information as at 31 January 2020: RM No. Particulars i. Stock valued at Insurance prepaid iii. Goods taken from stock for own use iv. Wages due Provision for doubtful debt required vj. Provision for depreciation is to be provided as follows: 29,750 C 340 i. 420 2,4009 620 C V. 30% straight line method reducing balance method Vehicles 25% Equipment
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The following December 31, 2021, fiscal year-end account balance information is available for the Stonebridge Corporation: Cash and cash equivalents $ 5,000Accounts receivable (net) 20,000Inventory 60,000Property, plant, and equipment (net) 120,000Accounts payable 44,000Salaries payable 15,000Paid-in capital 100,000 The only asset not listed is short-term investments. The only liabilities not listed are $30,000 notes payable due in two years and related accrued interest of $1,000 due in four months. The current ratio at year-end is 1.5:1.Required:Determine the following…
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bartleby, a Learneo, Inc. business

Accounts receivable, net	$ 86,000
FV-NI investments	16,000
Accumulated depreciation, equipment	31,000
Cash	25,000
Inventory	56,000
Equipment	150,000
Land	36,000
Prepaid expenses	3,000