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!
Balance Sheet - The following is an alphabetical list of the December 31, 2007 balance sheet accounts and amounts for the Green Manufacturing Company:
Accounts payable
$20,900
Accumulated depreciation: machinery
Accounts receivable
15,300
and equipment
30,000
Accrued pension cost
13,300
Allowance for doubtful accounts
1,000
Accumulated depreciation: buildings
32,400
Bond sinking fund
7,700
Bonds payable (due 2021)
29,000
Marketable securities (short-term)
8,400
Buildings
92,500
Notes payable (short-term)
5,000
Cash
7,200
Patents (net)
8,600
Common stock, $10 par
44,100
Preferred stock, $100 par
Deferred taxes payable
2,800
Premium on common stock
16,300
Discount on bonds payable
2,500
Premium on preferred stock
7,000
Dividends payable
5,600
Prepaid insurance
2,600
Finished goods
23,800
Raw materials
10,100
Income taxes payable
8,900
Retained earnings
28,100
Interest payable
500
Unearned rent
Investment in available-for-sale stock
16,400
Unrealized increase in value of available-for-sale stock
2,000
Land
17,000
Wages payable
2,700
Machinery and equipment
57,800
Work in process
14,700
Required
Prepare a properly classified balance sheet for the Green Manufacturing Company on December 31, 2007. List the additional parenthetical or note disclosures (if any) that should be made for each item. Compute the working capital and the current ratio.
The general manager suggested recognizing revenue at an earlier point. If this were done, net account receivables would be increased by $12,000 at 31st December 2011 and by $23,000 at 31st December 2012.
in a period when costs are rising and inventory quantities are stable the inventory method that would result in the
which financial statement is used to determine cash generated from operations?a. income statementb. statement of
On July 1, 2014, Crowe Co. pays $30,000 to Zubin Insurance Co. for a 3-year insurance policy. Both companies have fiscal years ending December 31. For Crowe Co., journalize the entry on July 1 and the adjusting entry on December 31.
Determine the book value per share of the preferred and common stock under two separate situations.
which of the following is not a step in the accounting process?
Activity-based costing (ABC) information cannot be used by managerial decision-makers to evaluate the:
Compute the net income to be earned under each alternative and course of action will produce the highest net income?
The prevailing rate of interest for a note of this type on January 1, 2010, was 9%. At what amount should the gain from the sale of the building be reported?
Why is it so subjective and what are the implications to the quality of the income statement?
speedy delivery company purchases a delivery van for 31000. speedy estimates that at the end of its four-year service
Investments in Short-Term Government Securities
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