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!
Directions: Answer the following questions in a separate Microsoft Word or Excel document. Explain how you reached the answer or show your work if a mathematical calculation is needed, or both. Submit your assignment using the assignment link in Blackboard.
Two items are omitted from each of the following summaries of balance sheet and income statement data for two corporations for the year 2015, Plunkett Co. and Herring Enterprises.
Beginning of year.
Plunkett Co.
Herring Enterprises
Total assets
$ 97,000
$122,000
Total liabilities
85,000
(c)
Total stockholders equity
(a)
75,000
End of year.
160,000
180,000
120,000
50,000
40,000
130,000
Changes during year in stockholders' equity:
Additional investment
(b)
25,000
Dividends
15,000
(d)
Total revenues
215,000
100,000
Total expenses
175,000
55,000
Instructions
Determine the missing amounts.
Identify the major components of stockholders' equity by examining the Statement of Stockholders Equity. What types of accounts and transaction resulted in major changes in the Stockholder Equity accounts during the most recent year?
Rensing, Inc., has $800,000 of 5% preferred stock and $1,200,000 of common stock outstanding, each having a par value of $10 per share. No dividends have been paid or declared during 2013 and 2014. As of December 31, 2015, it is desired to distribute..
Based on your review of the financial data for every company, show the accuracy and reliability of the data for making investment decision.
sugarland company sells a single product and anticipates opening a new facility in charlotte on may 1 of the current
(Conversion of Bonds) Telta Inc. issued $15,000,000 of 12%, 40-year convertible bonds on November 1, 2014, at 97 plus accrued interest. The bonds were dated July 1, 2014, with interest payable January 1 and July 1. Bond discount (premium) is amortize..
Did the common buy back a significant amount of its shares in the current year? You can see this in the Statement of Stockholders' Equity as a reduction in shares.
Do you agree with the current practice of testing Goodwill for impairment or would you prefer the previous practice of amortizing Goodwill over 40 years? Defend your position.
Describe the background of the company and explain why you decide to choose this company and
Boyne Inc. had beginning inventory of $18,000 at cost and $20,900 at retail. Net purchases were $131,590 at cost and $181,700 at retail. Net markups were $11,100; net markdowns were $8,200;
Jasper Corporation incurred the following costs which includes salaries and wages in April: Salesperson's salaries $32,000 Factory maintenance $25,000 Factory insurance 10,000 Administrative utilities 4,000
How would using the sum-of-the-years'-digits method of depreciation instead of the double-declining-balance method of depreciation affect a gain or loss on the sale of the plant asset?
The average market price during 2004 was $50. Calculate the number of shares to be used in determining diluted earnings per share for 2004.
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