These are selected account balances on December 31, 2015, for Stellar Inc.: $120,000 Manufacturing Plant $550,000 Land Inventory Machinery Office Equipment $250,000 $180,000 $90,000 What is the total amount of property, plant, and equipment that will appear on the balance sheet?
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- Please help me with show all calculation thankuPlease answer, round off final answers to two decimal placesThe condensed financial statements of Evoc Company for the years 2019 and 2020 are presented as follows. Evoc CompanyStatements of Financial PositionDecember 31 2020 2019 Intangibles and other assets € 530 € 510 Property, plant, and equipment 420 380 Investments 10 10 Current assets Prepaid expenses €120 €160 Inventory 430 390 Accounts receivable (net) 470 433 Cash and cash equivalents 330 1,350 360 1,343 Total assets €2,310 €2,243 Equity €1,020 €1,040 Non‐current liabilities 390 393 Current liabilities 900 810 Total equity and liabilities €2,310 €2,243 Evoc CompanyIncome StatementsFor the Years Ended December 31 2020 2019 Sales revenue €4,000 €3,600 Costs and expenses Cost of goods sold 984 895 Selling and administrative expenses 2,400 2,330 Interest expense 10 20 Total costs and expenses 3,394 3,245 Income before income taxes 606…
- Please refer to the following information to answer question 12 and 13: Misra Company compiled the following financial information as of December 31, 2021: Revenues $170,000 Owner's Capital (1/1/21) Equipment Expenses 70,000 40,000 125,000 Cash 45,000 Owner's Drawings 10,000 Supplies Accounts payable 5,000 20,000 Accounts receivable 35,000 12. Misra's assets on December 31, 2021 are А. $90,000. В. S125,000. C. $180,000. D. $245,000. 13. Misra's owner's equity on December 31, 2021 is A. $45,000. B. $70,000. C. $105,000. D. $125,000.The following information was extracted from the financial statements working papersfile for year ended 31 December 2020 for Dave Song’s Cleaning Services List of balances at 31 December 2020 Debits Credits Capital: D Song 660 000 Drawings 160 000 Land and buildings at cost 582 000 Vehicle at cost 224 000 Accumulated depreciation: Vehicle (1 January2020) 46 000 Bank 360 000 Inventories: Consumables 104 000 Trade receivables 261 200 Allowance for credit losses 13 060 10% Long term loan 320 000 Trade payables 260 000 Fees earned 1 036 600 Rent expense 160 000 Telephone 10 708 Other distribution expenses 454 752 Interest on long term loan 19 000 2 335 660 2 335 660 Additional information not yet taken into account:1. Included in rent expenses is an amount of R68 000 in respect of rent for 2021 whichwas paid and recorded in December 2020.2. The telephone account for December 2020 of R1 540 was received but not yet…Vaughn's assets on December 31,2020 are ?
- The 2025 Annual Report of Indigo International contains the following information: (in millions) Total assets Total liabilities Net sales Net income (a) (b) (c) June 29, 2025 $1,456 1,130 2,485 Save for Inte 129 June 27, 2024 $1,436 Compute the following ratios for Indigo International for 2025: 1,157 2,663 137 Asset turnover ratio. (Round answer to 3 decimal places, e.g. 0.851 times.) Rate of return on assets. (Round answer to 2 decimal places, e.g. 4.87.) Profit margin on sales. (Round answer to 2 decimal places, e.g. 4.87 times %Prepare the Statement of Financial PositionKAT Productions reports the following amounts on December 31, 2024: retained earnings, $15,000; equipment, $38,000; accounts payable, $9,000; inventory, $15,000; notes payable, $20,000; common stock, $19,000; cash, $10,000. Prepare the balance sheet for KAT Productions. Equipment Intangible assets Inventory Cash Intangible assets Total assets Assets ***** S $ Answer is complete but not entirely correct. KAT Productions Balance Sheet December 31, 2024 38,000 38,000 15,000 10,000✔✔ 25,000 126,000 Accounts payable Notes payable Total liabilities Retained earnings Common stock Liabilities Stockholders' Equity equity Total stockholders' equity Total liabilities and stockholders 9 $ 9,000 20,000 29,000 15,000 19,000 34,000 63,000
- ABC Company, as of December 31, 2021 provided the following balances: Cash, net of a P7,000 overdraft 80,000 Receivable, net of customer credit balances totaling P6,000 30,000 Inventory (P20,000 of which are held on consignment 60,000 Prepayments 10,000 Property, plant and equipment, net of accumulated depreciation of P15,000 90,000 Accounts payable net of debit balances in suppliers' accounts of P3,000 45,000 Notes payable – bank, due on July 2022 25,000 Income tax payable 15,000 17. Total current assets reported in the December 31, 2021 balance sheet is a. 176,000 b. 156,000 c. 173,000 d. 170,000Please do not give solution in image formatThe following information relates to the draft financial statements of Jabo, Ltd: SUMMARISED STATEMENTS OF FINANCIAL POSITION AS AT 30 SEPTEMBER 2021 2020 К000 К000 ASSETS Non-current assets 32,600 24,100 Property, plant and equipment Financial asset: equity investments 4,500 7,000 Current assets Inventories 10,200 7,200 Trade receivables 3,500 3,700 nil 1,400 Cash and cash equivalents Total assets 50,800 43,400 EQUITY AND LIABILITIES Equity 14,000 8,000 nil Equity shares of K1 each Share premium Revaluation reserve Retained earnings 2,000 2,000 3,600 13,000 10,100 29,000 23,700 Non-current liabilities Lease liability 7,000 6,900 Deferred tax 1,300 900 Current liabilities: Tax 1,000 1,200 Bank overdraft 2,900 nil Provision for product warranties 1,600 4,000 Lease liability 4,800 2,100 Trade payables 3,200 4,600 Total equity and liabilities 50,800 SUMMARISED STATEMENTS OF PROFIT OR LOSS FOR THE YEARS ENDED 30 SEPTEMBER: 2021 2020 К000 K000 Revenue 58,500 41,000 Cost of sales (46,500)…