These are selected account balances on December 31, 2010 for Sigma Corp.: Land $100,000 Corporate Office Building 600,000 Inventory Equipment 200,000 150,000 100,000 Office Furniture What is the total amount of property, plant, and equipment that will appear on the balance sheet? a. $1,050,000 b. $1,150,000 c. $850,000 d. $950,000
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- I need help how to compute this. Thanks!Jesse Ltd SoFP at 31/12/2024 £'000 Buildings £'000 1,800 Equipment 2,100 £1NV Shares 975 Inventory 450 Reserves Cash & Receivables 150 10% Loan Stock 600 400 Assets 1,075 Payables 3,775 Equity & Liabilities 3,775 Assume Jesse could purchase new plant at the start of the year (01/01/2024) on the following terms:- a) b) Required: 1) Buy new plant from a 2:9 rights issue made at a premium of 50p per share. Plant value is £600,000 with a life of 6 years. Or, instead, lease the new plant over 6 years with interest at 20% & annual repayments of £180,000 paid in arrears. Prepare amended balance sheets at 31/12/2024 for each option at a) and b) above. Calculate (for the original SoFP):- Current ratio 2) i) ii) Acid test ratioUTV Corp. have the following account balances for the year ended December 31, 2020:DEBIT BALANCESAmountCash and cash equivalents400,000Accounts receivable900,000Raw materials560,000Goods in process600,000Finished goods1,400,000Financial assets at FVOCI2,500,000Sinking fund200,000Land1,000,000Building6,000,000Plant and equipment2,400,000Patent800,000Goodwill1,400,000Unrealized loss – FVOCI100,000Prepaid benefit cost20,000Treasury shares at cost250,000TOTAL18,530,000 CREDIT BALANCESAmountBank overdraft100,000Due from an officer50,000Allowance for bad debts40,000Accumulated depreciation – building1,600,000Accumulated depreciation – plant and equipment400,000Notes payable, due June 30, 20211,300,000Notes payable, due June 30, 20222,100,000Accounts payable1,000,000Provision180,000Warranty liabilities80,000Income tax payable120,000Finance lease liability180,000Deferred tax liability280,000Actuarial gain300,000Revaluation surplus360,000Share capital6,000,000Share premium2,000,000Retained…
- 10:17 AM Mon 22 Jul 3 of 3 Final Project.pdf Q5) Do Horizontal and Vertical analysis of the following Balance Sheet of Ali and Co. Assets 2021 Cash 55,000 2020 49,000 Account Receivable 5.000 11.000 Closing stock 6,000 3,000 Plant and Machinery 35,000 25,000 Building 60,000 50,000 Total Assets 161,000 138,000 Labilities and Owner Equity Account payable 18000 12000 Notes payable 20000 11000 Bank loan 28000 30000 Capital 95000 85000 Total labilities and owner equity 161,000 138,000 ล 52%Angela Corporation has the following selected assets and liabilities: Given the said data, determine the company’s net working capital. (check the photo) Choose the letter of correct answer a. P35,000.00b. P39,000.00c. P33,000.00d. P72,000.00e. P52,000.00The financial statements of Carrier Office Furniture Company include the following items: 2025 $44,000 14,000 98,000 149,000 553,000 290,000 60,000 Cash Short-term Investments Net Accounts Receivable Merchandise Inventory Total Assets Total Current Liabilities Long-term Note Payable What is working capital for 2026? O A. $37,500 OB. $98,500 O C. $191,000 O D. $66,500 2026 $48,500 29,000 95,000 165,000 526,000 271,000 64,000
- What is the value of the current liabilities?whats the income statement for this equation?Based on the following data, what is the amount of working capital? Accounts payable $55040 Accounts receivable 98040 Cash 60200 Intangible assets 86000 Inventory 118680 Long-term investments 137600 Long-term liabilities 172000 Short-term investments 68800 Notes payable (short-term) 48160 Property, plant, and equipment 1152400 1720 Prepaid insurance $280360 $318200 $244240 $285520
- The Balance Sheet and Income Statement Data for Galaxy Computer Co. is given below BALANCE SHEET Assets 2001 2000 Cash 7,282 9,000 Short term investment 0 48,600 Acc. Receivable 632,160 351,200 Inventories 1,287,360 715,200 Total current assets 1,926,802 1,124,000 Fixed Assets Plant & Equipment 1,202,950 491,000 Less: Acc dep 263,160 146,200 939,790 344,800 Total assets 2,866,592 1,468,800 Liabilities & Equities Current liability A/c Payable 524,160 145,600 Notes payable 720,000 200,000 Accruals 489,600 136,000 total Current liability 1,733,760 481,600 Long-term debt 1,000,000 323,432 Common Stock 460,000 460,000 Retained Earning -327,168 203,768 1,132,832 987,200 Total equities 2,866,592 1,468,800 Income Statement Sales…The Balance Sheet and Income Statement Data for Galaxy Computer Co. is given below BALANCE SHEET Assets 2001 2000 Cash 7,282 9,000 Short term investment 0 48,600 Acc. Receivable 632,160 351,200 Inventories 1,287,360 715,200 Total current assets 1,926,802 1,124,000 Fixed Assets Plant & Equipment 1,202,950 491,000 Less: Acc dep 263,160 146,200 939,790 344,800 Total assets 2,866,592 1,468,800 Liabilities & Equities Current liability A/c Payable 524,160 145,600 Notes payable 720,000 200,000 Accruals 489,600 136,000 total Current liability 1,733,760 481,600 Long-term debt 1,000,000 323,432 Common Stock 460,000 460,000 Retained Earning -327,168 203,768 1,132,832 987,200 Total equities 2,866,592 1,468,800 Income Statement Sales…What is the amount of net fixed assets?