I want to this question answer for general accounting and not use ai solution Sunshine Corporation reported the following information at December31, 2023:••Accounts payable: $350,000Dividends paid: $80,000. Cash: $120,000•Expenses: $500,000Inventories: $600,000Revenue: $850,000Calculate Sunshine Corporation's total equity at the end of 2023.

Step 1: Define EquityStockholders' equity represents the portion of a company's assets that belongs…

Answered: Sunshine Corporation reported the…

FINANCIAL ACCOUNTING

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Chapter1: Financial Statements And Business Decisions

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The following financial information is provided for Brightstar Corp.: Net Income (2023): $500 million Total Assets on January 1, 2023: $3,500 million Total Assets on December 31, 2023: $4,500 million What is Brightstar Corp. _ s return on assets (ROA) for 2023? A. 11.80% B. 12.50% C. 13.20% D. 14.00%
Daryyu Inc.’s Balance Sheet as of December 31, 2022 is as follows: Current Assets P 800,000.00 Accounts Payable P 200,000.00 Notes Payable 200,000.00 Long-term Liabilities 350,000.00 Fixed Assets 300,000.00 Equity 350,000.00 1,100,000.00 1,100,000.00 In 2022, the company reported sales of 3,000,000, Net Income of 60,000, and dividends of 10,000. Sales are projected to increase by 10% next year. Both Profit Margin and the Dividend Pay-Out Ratio will remain the same. Operations are at full capacity. Assume external fund will be raised through issuances of Long-Term Obligations or Bonds. A. How much Long-term Debt will the company have to issue next year? B. If the operations are not in full capacity, what will be your answer?
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Below is Company A's balance sheet at the end of 2022. Assume that Company A issues 25 shares of common stock and 1 share of preferred stock. What is the earnings per share of Company A? 2022 AmountNet sales$1,000.0Variable operating costs 770.0Fixed operating costs 50.0Depreciation and amortization 50.0Interest30.0Taxes20.0Preferred dividends5.0Common dividends25.0 Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
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On January 1, 2024 Palk Corp. and Spraz Corp. had condensed balance sheets as follows: Current assets Palk Corp. Spraz Corp. $ 99,000 $28,000 125,000 56,000 Noncurrent assets Total assets Current liabilities Long-term debt 224,000 84,000 42,000 14,000 70,000 70,000 Time left 3:54:49 Stockholders' equity 112,000 Total liabilities and stockholders' equity $224,000 $ 84,000 On January 1, 2024, Palk borrowed the entire $72,000 it needed to acquire 80% of the outstanding common shares of Spraz. Sha4res of Spraz are not actively traded on the market. The loan is to be paid in ten equal annual principal payments, plus interest, beginning December 31, 2024. The excess consideration transferred over the underlying book value of the acquired net assets was allocated 35% to inventory and 65% to goodwill. What is the amount attributable to consolidated noncurrent assets at January 1, 2024? O a. $196,000 O b. $181,000 Oc $223,000 Od. $218,500 O e. $194,000
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(Figures in $ millions) Assets 2021 2022 Liabilities and Shareholders' Equity 2021 2022 Current assets $ 310 $ 420 Current liabilities $ 210 $ 240 Net fixed assets 1,200 1,420 Long-term debt 830 920 Required: a&b. What was shareholders’ equity at the end of 2021 and 2022? c. If Newble paid dividends of $100 million in 2022 and made no stock issues, what must have been net income during the year? d. If Newble purchased $300 million in fixed assets during 2022, what must have been the depreciation charge on the income statement? e. What was the change in net working capital between 2021 and 2022? f. If Newble issued $200 million of new long-term debt, how much debt must have been paid off during the year
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Sunshine Corporation reported the following information at December 31, 2023: • • Accounts payable: $350,000 Dividends paid: $80,000 . Cash: $120,000 • Expenses: $500,000 Inventories: $600,000 Revenue: $850,000 Calculate Sunshine Corporation's total equity at the end of 2023.