Create a classified balance sheet in good form

Assignment Help Cost Accounting
Reference no: EM13523369

The following items were taken from the financial statements of M. Wright Company. (All dollars are in thousands.)

Long-term debt $812 Accumulated depreciation $5,427
Prepaid expenses 867 Accounts payable 1,221
Property, plant, and equipment 11,183 Notes payable after 2013 203
Long-term investments 257 M. Wright, Capital 12,836
Short-term investments 3,420 Accounts receivable 1,289
Notes payable in 2013 430 Inventories 1,615
Cash 2,298


Instructions

Prepare a classified balance sheet in good form as of December 31, 2012. (List assets in order of liquidity. List current liabilities from largest to smallest e.g. 10, 5, 3, 2, with notes payable first and long-term liabilities from largest to smallest e.g. 10, 5, 3, 2. Present all numbers as positive and subtract as necessary.)

Reference no: EM13523369

Questions Cloud

Prepare a bank reconciliation at july 31 : Prepare a bank reconciliation at July 31 and journalize the adjusting entries at July 31 on the books of Family Video Company.
Obtain how much energy is transferred to the water as heat : A 110 g copper bowl contains 130 g of water, both at 24.0°C. A very hot 370 g copper cylinder is dropped into the water, causing the water to boil, How much energy (in calories) is transferred to the water as heat
Contrast incremental, strategic, and transformational change : 1.Contrast incremental, strategic, and transformational change.
Cost classifications important in managerial accounting : Why are these cost classifications important in Managerial Accounting?
Create a classified balance sheet in good form : Prepare a classified balance sheet in good form as of December 31, 2012. (List assets in order of liquidity.
Find what is the capacitance of your capacitor : You make a capacitor by cutting the 14.5 cm--diameter bottoms out of two aluminum pie plates, separating them by 3.30mm , What's the capacitance of your capacitor
Determine how many rosettes it must sell : Determine how many rosettes it must sell to achieve this target profit. (Round your intermediate calculations to 2 decimal places and final answer to next whole number.)
Estimate the potential difference between the plates : The plates of a parallel-plate capacitor have a separation of 3.68mm , and each has an area of 15.8cm^2. What is the potential difference between the plates
Explain disaccharide that cannot undergo mutarotation : Provide the structure of a (D-b-talopyranose)-( D-b-talopyranose) disaccharide that cannot undergo mutarotation.

Reviews

Write a Review

Cost Accounting Questions & Answers

  Prepare a budgeted income statement for the quarter ended

Expected sales for the year ended December 31, 2012 are based on actual sales to date and budgeted sales for the duration of the year.

  1 under which of the following conditions would it be

1. under which of the following conditions would it be appropriate to use a binomial random variable? in each case

  Questiontiger computers inc of singapore is considering the

questiontiger computers inc. of singapore is considering the purchase of an automated etching machine for use in the

  Question 1brenda formed a public relations firm in 2011

question 1brenda formed a public relations firm in 2011 brenda pr by contributing 10000 for 100 of its common stock.

  Questionbid company purchased 75 ownership of tic

questionbid company purchased 75 ownership of tic corporation on january 1 20x1 for 112500. on that date

  Compute the net present value of each machine

Two new machines are being evaluated for possible purchase. Forecasts relating to the two machines are.

  What tax issues should troy and the employees consider

Troy Department Stores offers employees discounts on merchandise carried in the store. Newly hired employees receive a 10% discount. The discount rate increases 1% each year until employees have 20 years of service.

  Public university transactions the statement of net assets

public university transactions. the statement of net assets of green tree state university a governmentally owned

  Prepare an amortization schedule for the interest

Prepare an amortization schedule for the interest and principal payments for the four-year period.

  Determine the breakeven point in units

Determine the breakeven point in units for the Peoria plant and for the Moline plant and evaluate the operating income that would result from the production manager's plan to manufacture 96,000 units at each plant.

  Compute earnings per share for the year 2009

What was the firm's operating profit and Compute earnings per share for the year 2009 - What is the gross profit margin (ratio of gross profit to sales)? (Round your answer to the nearest whole percentage. Omit the "%" sign in your response.)

  Question dolphin watching ltd dwl owns and does boats for

question dolphin watching ltd dwl owns and does boats for dolphin watching tours. the main business activity is to take

Free Assignment Quote

Assured A++ Grade

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd