
Concept explainers
Fill in the blanks labeled (a) through (n).

Explanation of Solution
Fill the missing information:
Company F | ||
Balance Sheet | ||
December 31 | ||
Particulars | 2016 | 2017 |
Current assets | $19,100 | (h)$20,000 (8) |
Long-term investments | $23,700 | (m)$21,200 (12) |
Property, plant, and equipment (net) | (c) $79,400 (3) | $87,500 |
Intangible assets | $12,600 | $12,000 |
Total assets | (e)$134,800(5) | (k)$140,700 |
Current liabilities | (b)$9,200(2) | $9,800 |
Long-term liabilities | (d)$28,900(4) | $30,200 |
Total liabilities | $38,100 | (n)$40,000 (13) |
Common stock, $10 par | (f)$17,000 (6) | (l)$18,000(11) |
Additional paid-in capital | (g)$34,000(7) | $36,000 |
Total contributed capital | $51,000 | (i)$54,000(9) |
$40,900 | (j)$41,700(10) | |
Accumulated other comprehensive income | $4,800 | $5,000 |
Total shareholders’ equity | (a)$96,700(1) | $100,700 |
Total liabilities and shareholders’ equity | $134,800 | $140,700 |
Table (1)
Note:
The amount of total assets for missing information (k) is same as the amount of total liabilities and shareholders’ equity ($140,700) since, total assets equals total of liabilities and shareholders’ equity.
Working notes:
Year 2016:
(1) Calculate the amount of total shareholders’ equity:
(2) Calculate the amount of current liabilities:
(3) Calculate the amount of property, plant and equipment:
(4) Calculate the amount of long-term liabilities:
(5) Calculate the amount of total liabilities and shareholders’ equity:
(6) Calculate the amount of common stock for the year 2016:
(7) Calculate the amount of additional paid-in capital for the year 2016:
Year 2017:
(8) Calculate the amount of current assets:
(9) Calculate the amount of total contributed capital:
(10) Calculate the amount of retained earnings:
(11) Calculate the amount of common stock:
(12) Calculate the amount of long-term investments:
(13) Calculate the amount of total liabilities:
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Chapter 4 Solutions
Intermediate Accounting: Reporting and Analysis (Looseleaf)
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