Based on the following information, prepare a balance sheet. Current Assets = $15,000; Property, Plant & Equipment = $25,000; Accumulated Depreciation = $5,000; Accounts Payable = $5,000; Notes Payable = $5,000; Total Liabilities = $25,000
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- Based on the following information, prepare a balance sheet.
Current Assets = $15,000; Property, Plant & Equipment = $25,000;
Notes Payable = $5,000; Total Liabilities = $25,000
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- Huron has provided the following year-end balances:· Cash, $25,000· Long-term Investments, $7,900· Accounts receivable, $9,300· Property, plant, and equipment, $98,700· Prepaid insurance, $3,600· Accumulated depreciation, $10,000· Inventory, $37,000· Retained earnings, $12,600How much are Huron's current assets? Group of answer choices a)$74,900. B)$163,600. c)$87,500.D)$95,400Given the following, calculate total current assets. Prepaid insurance=$300Long-term investments=$1,200Cash=$540Prepaid Rent=$2,050Inventory=$640Plant assets, at cost=$16,800Accounts receivable=$5,900Accumulated depreciation=$6,600help me please
- If current assets are Php 270,000 and total assets are Php810,000,what percentage of total assets ae current assets?From the data below please complete a Balance Sheet with the appropriate sections including Fixed Assets, Current Assets, Other Assets, Long Term Liabilities, short term liabilities and Equity. Land - £ 44,300 Equipment - £45,000 Intangible asset - £3,800 Accounts Payable - £30,000 Notes Payable - £30,000 Building and Improvements - £250,000 Account Expenses - £7,100 Additional Paid in capital - £20,000 Common Stock - £10,000 Long term Liabilities - £200,000 Inventory - £15,000 Investments - £14,000 Long Term Loan - £195,000 Cash and cash - £100,000 Accounts receivable - £20,000The following data pertain to Mori Company: Accounts Payable, $10,200; Accounts Receivable, $7,600; Accumulated Depreciation—Building, $2,800; Accumulated Depreciation—Equipment, $3,400; Bonds Payable, $12,000; Building, $14,000; Cash, $6,240; Copyright, $1,240; Equipment, $30,400; Inventory, $8,000; Investment in Corporate Securities (long-term), $4,000; Investment in Six-Month Government Securities, $3,280; H. Mori, Capital, $47,640; Land, $1,600; Prepaid Rent, $240; and Revenue Received in Advance, $560. Prepare a classified balance sheet at December 31, 2014. Assume that this is Mori’s first year of operations.
- Use the following data to determine the total dollar amount of assets to be classified as current assets. Cash $ 195,000 Accounts payable $ 210,000 Accounts receivable 150,000 Salaries and wages payable 30,000 Inventory 165,000 Mortgage payable 240,000 Prepaid insurance 90,000 Total liabilities $480,000 Stock investments 255,000 Land 270,000 Buildings $315,000 Less: Common stock $360,000 Accumulated depreciation (60,000) 255,000 Retained earnings 750,000 Trademarks 210,000 Total stockholders’ equity $1,110,000 Total assets $1,590,000 Total liabilities and stockholders’ equity $1,590,000 Answers: $855,000 $600,000 $510,000 $435,000Based on the information below of FDNACCT Co., how much should be recorded as total assets in the Statement of Financial Position? Long-term Payable Notes Payable Property, Plant and Equipment Accounts Receivable Accounts Payable Accumulated Depreciation Cash Unearned Income Notes Receivable Prepaid Insurance Accrued Expense Accrued Revenue P500,000 120,000 831,000 50,000 65,000 121,000 76,000 15,345 259,000 56,700 37,890 154,840Presented below is the balance sheet of Sheffield Corporation for the current year, 2025. Current assets Investments 643,870 Property, plant, and equipment 1,723,870 Intangible assets 305,000 1. 2. 3. The following information is presented. The current assets section includes cash $153,870, accounts receivable $173,870 less $13,870 for allowance for doubtful accounts, inventories $183,870, and unearned rent revenue $8,870. Inventory is stated on the lower-of-FIFO-cost-or-net realizable value. 4. 5. Sheffield Corporation Balance Sheet December 31, 2025 $ 488,870 6. 7. $3,161,610 Current liabilities Long-term liabilities Stockholders' equity $ 383,870 1,003,870 1,773,870 $3,161,610 The investments section includes the cash surrender value of a life insurance contract $43,870; investments in common stock, short-term $83,870 and long-term $273,870; and bond sinking fund $242,260. The cost and fair value of investments in common stock are the same. Property, plant, and equipment includes…
- Based on the following data, what is the amount of quick assets? Accounts payable $30,200 Accounts receivable 45,200 Accrued liabilities 7,100 Cash 20,200 Intangible assets 40,100 Merchandise inventory 72,100 Long-term investments 101,000 Long-term liabilities 75,300 Marketable securities 36,100 Notes payable (short-term) 20,100 Property, plant, and equipment 627,000 Prepaid expenses 2,300 a.$65,400 b.$173,600 c.$101,500 d.$175,900Equipment(net), $80,000. The equipment originally cost $140,000. How would I classify this on a balance sheet? Total asset is $104,000, current asset is $52,000.The net income reported on the income statement for the current year was $278,260. Depreciation recorded on fixed assets and amortization of patents for the year were $34,649, and $11,472, respectively. Balances of current asset and current liability accounts at the end and at the beginning of the year are as follows: Cash Accounts receivable Inventories End a. $370,545 b. $208,919 c. $347,601 Od. $278,217 $47,146 124,126 102,601 4,506 45,924 Beginning $57,260 104,236 93,932 7,914 66,937 Prepaid expenses Accounts payable (merchandise creditors) What is the amount of cash flows from operating activities reported on the statement of cash flows prepared by the indirect method?