Swifty Corporation's comparative balance sheets are presented below. Cash Accounts receivable Land Total Buildings Accumulated depreciation-buildings Accounts payable Common stock Retained earnings Total SWIFTY CORPORATION Comparative Balance Sheets December 31 Additional information: 1. 2 3. A 2022 $14,800 21,500 20,300 70,000 (14,600) $112,000 $12,200 74,400 25,400 $112,000 2021 $10,300 23,500 26,400 70,000 (10,400) $119,800 $28,600 69,500 21,700 $119,800 Net income was $22,900. Dividends declared and paid were $19,200. No noncash investing and financing activities occurred during 2022. The land was sold for cash of $4,500.

Swifty Corporation's comparative balance sheets are presented below. Cash Accounts receivable Land Total Buildings Accumulated depreciation-buildings Accounts payable Common stock Retained earnings Total SWIFTY CORPORATION Comparative Balance Sheets December 31 Additional information: 1. 2 3. A 2022 $14,800 21,500 20,300 70,000 (14,600) $112,000 $12,200 74,400 25,400 $112,000 2021 $10,300 23,500 26,400 70,000 (10,400) $119,800 $28,600 69,500 21,700 $119,800 Net income was $22,900. Dividends declared and paid were $19,200. No noncash investing and financing activities occurred during 2022. The land was sold for cash of $4,500.

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

Is there an excel table showing how to use functions?
1. DOT MATRIX PRINTERS ARE NOT CONSIDERED AS DESKTOP PRINTERS. A. TRUE B. FALSE
Adjusting entries and error example
HI Exam A "Queue" is also known as what? a. Linked list b. LIFO C. FIFO d. Stack
please see attached problem
how to find ADF
Write a about memorandum message
The easiest way to change the order in a chart is in the __________. Multiple Choice underlying spreadsheet slicer chart options chart itself
Write a note on IFRS.