The following balances were provided by Stellar Corp. at the end of the year: Cash $82,000 Accounts Payable $28,000 Common Stock $18,000 Dividends $8,000 Inventory $25,000 Long-term Notes Payable $45,000 Revenues Salaries Payable $140,000 $19,000 What are total assets at the end of the year? a. $128,000 b. $107,000 c. $140,000 d. $150,000

The following balances were provided by Stellar Corp. at the end of the year: Cash $82,000 Accounts Payable $28,000 Common Stock $18,000 Dividends $8,000 Inventory $25,000 Long-term Notes Payable $45,000 Revenues Salaries Payable $140,000 $19,000 What are total assets at the end of the year? a. $128,000 b. $107,000 c. $140,000 d. $150,000

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter11: The Statement Of Cash Flows

Section: Chapter Questions

Problem 11MCQ: Chasse Building Supply Inc. reported net cash provided by operating activities of $243,000, capital...

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Sun City Corporation's end-of-year balance sheet consisted of the following amounts: Cash Property, plant, and equipment Capital stock Retained earnings $ 25,000 70,000 100,000 Ob. $200,000 Oc. $165,000 Od. $100,000 7 Accounts receivable Long-term debt Accounts payable Inventory What amount should Sun City report on its balance sheet for total assets? Oa. $95,000 $70,000 40,000 20,000 35,000
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Category. Prior Year Current Year Accounts payable ??? ??? Accounts receivable 320,715 397,400 Accruals 40,500 33,750 Additional paid in capital 500,000 541,650 Cash 17,500 47,500 Common Stock 94,000 105,000 COGS 328,500 429,735.00 Current portion long-term debt 33,750 35,000 Depreciation expense 54,000 55,152.00 Interest expense 40,500 42,662.00 Inventories 279,000 288,000 Long-term debt 339,349.00 400,985.00 Net fixed assets 946,535 999,000 Notes payable 148,500 162,000 Operating expenses (excl. depr.) 126,000 161,641.00 Retained earnings 306,000 342,000 Sales 639,000 848,846.00 Тахes 24,750 47,931.00
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Cullumber company has these comparative balance sheet data:
.
Please show calculation
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