Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
The following data, presented in alphabetical order, are taken from the records of Radar Corporation.
Accounts payable
$ 240,000
Accounts receivable
140,000
Accumulated depreciation-buildings
180,000
Accumulated depreciation-equipment
52,000
Allowance for doubtful accounts
6,000
Bonds payable (10%, due 2020)
500,000
Buildings
950,000
Cash
42,000
Common stock ($10 par value; 500,000 shares authorized,
150,000 shares issued)
1,500,000
Dividends payable
80,000
Equipment
275,000
Goodwill
200,000
Income taxes payable
120,000
Inventory
170,000
Investment in Sasse common stock (10% ownership), at cost
278,000
Investment in Mara common stock (30% ownership), at equity
380,000
Land
390,000
Market adjustment-available-for-sale securities (Dr)
8,000
Notes payable (due 2013)
70,000
Paid-in capital in excess of par-common stock
130,000
Premium on bonds payable
40,000
Prepaid insurance
16,000
Retained earnings
103,000
Short-term investments, at fair value (and cost)
Unrealized gain-available-for-sale securities
The investment in Sasse common stock is considered to be a long-term available-for-sale security.
Instructions
Prepare a classified balance sheet at December 31, 2012.
The machine has an evaluated five-year useful life and scrap value of $5,000. This machine is being depreciated using the double-declining technique.
analysis of overheads and calculation of under or over application of overheads.1. woodman company uses a predetermined
Purpose two income statements and the Retained Earnings Statement. Use the single-step format and multiple-step income formats and income statement in the period
The estimated amount of the loss from the tornado is $ 100,000 and the related tax effect is 40 percent. Prepare final section of Fellups’s income statement, beginning with income before extraordinary items.
calculate the rate of return for the following ratios.the following information has been taken from the financial
The standard cost is how much a product should cost to manufacture and because accountants have financial expertise, they are the only ones that are able to set standard costs for the production area.
budgeting involves computation of cash budget.eddies bar and restaurant supplies expects its revenues and payments for
Purpose computations showing how much profits will increase or decrease as a result of making the starters.
explain the impact of an increase in the level of activity (cost driver) on a total variable cost and variable cost per unit.
Show two possible explanations for each of the unfavorable variances calculated in E25-8 (a), and suggest where responsibility for the unfavorable result might be placed. Refer to E25-8 (a).
What is the estimated variable cost per unit of Cutter's product and Comparing least-squares regression to high-low estimation.
Plastic Works Corporation bought a machine at the beginning of the year at a cost of $12,000. The estimated useful life was five years, and the residual value was $2,000.
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd