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
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Snoopy Co.'s
|
$ 86,000 |
FV-NI investments |
16,000 |
|
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 |
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- Allstate Moving Company reported the following amounts on its balance sheet as of December 31, 2019 and December 31, 2018: 2019 2018 Cash and Receivables $ 95 comma 000$95,000 $ 125 comma 000$125,000 Merchandise Inventory 165 comma 000165,000 190 comma 000190,000 Property, Plant and Equipment, net 750 comma 000750,000 770 comma 000770,000 Total Assets $ 1 comma 010 comma 000$1,010,000 $ 1 comma 085 comma 000$1,085,000 Total Liabilities $ 485 comma 000$485,000 $ 445 comma 000$445,000 For the vertical analysis, what is the percentage of current assets as of December 31, 2019? (Round your answer to two decimal places.) A. 40.9140.91% B. 29.0329.03% C. 25.7425.74% D. 34.6734.67%Required Information [The following information applies to the questions displayed below.] On January 1, 2021, the general ledger of ACME Fireworks includes the following sccount balances: Accounts Debit Credit $ 27,100 Cash Accounts Receivable Allowance for Uncollectible Accounts Inventory Land Equipnent Accumulated Depreciation Accounts Payable Notes Payable (6%, due April 1, 2822) 5e, 200 $ 6,200 22, B00 66, 800 25, e00 3,5ee 30,5ee 70, e00 55,e00 25,100 Common Stock Retained Earnings Totals $190,300 $198,300 During January 2021, the following transactions occur: January 2 Sold gift cards totaling $12,e0e. The cards are redeenable for merchandise within one year of the purchase date. January 6 Purchase additional inventory on account, $167,88e. January 15 Firework sales for the first half of the month total $155,e0e. All of these sales are on account. The cost of the units sold is $83,88e. January 23 Receive $127,480 from custoners on accounts receivable. January 25 Pay $11e,eee to…Balance Sheet for Bearcat Hathaway, 2022 2021 2022 Cash Accounts Receivable Inventory Current Assets Accum.Depreciation Net Fixed Assets Gross Fixed Assets $16,251,665 $20,567,330 Less $7,460,897 $10,117,819 Total Assets O 11.58% O 44.90% O 8.37% $5,268,485 $10,268,485 O 4.35% $2,574,230 $2,314,672 O 6.02% $529,062 $696,685 $8,371,777 $13,279,842 Total Liabilities and Equity What is the common size value for 2022 Notes Payable? $8,790,768 $10,449,511 $17,162,545 $23,729,353 Current Liabilities 2021 Accounts Payable Notes Payable $1,033,110 $1,987,233 2022 $1,673,992 $2,438,271 $2,707,102 $4,425,504 Long Term Debt $9,242,830 $11,468,302 Total Liabilities $11,949,932 $15,893,806 Common Stock ($0.50 par) $1,300,000 $1,600,000 Capital Surplus $1,148,120 $1,800,969 Retained $2,764,493 $4,434,578 Earnings $17,162,545 $23,729,353
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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 20,000On January 1, 2021, the general ledger of ACME Fireworks includes the following account balances:Accounts Debit CreditCash $ 25,100Accounts Receivable 46,200Allowance for Uncollectible Accounts $ 4,200Inventory 20,000Land 46,000Equipment 15,000Accumulated Depreciation 1,500Accounts Payable 28,500Notes Payable (6%, due April 1, 2022) 50,000Common Stock 35,000Retained Earnings…The following comparative balance sheet is given for Estern Co.: Assets Dec 31, 2021 Dec 31, 2020 Cash $58,500 $351,000 72,000 Notes Receivable 63,000 Supplies & Inventory 81,000 121,500 Prepaid expense 31,500 54,000 Long-term investments 0 81,000 Machines and tools 166,500 144,000 Accumulated depreciation-equipment (63.000) (45,000) Total Assets $639,000 $477.000 Liabilities & Stockholders' Equity Accounts payable $ 76,500 $ 31,500 Bonds payable (long-term) 166,500 211,500 Common Stock 180,000 103,500 Retained Earnings 216.000 130.500 Total Liabilities & Stockholders' Equity $639.000 $477,000 Income Statement Information (2021): 1. Net income for the year ending December 31, 2021 is $130,500. 2. Depreciation expense is $18,000. 3. There is a loss of $9,000 resulted from the sale of long-term investment. Additional information (2021): 1. All sales and purchases of inventory are on account (or credit). 2. Received cash for the sale of long-term investments that had a cost of $81,000,…
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