Total stockholders' equity 12/31/14 1,288,000 common stock pv $2, authorized 400,000; issued 180,000 at an average issue price of 4.75 balance is retained earnings. during 2015 company issued 5,000 shares for 40,000 company has net income of 77.000 and declared dividends of 40,000 prepare the stockholders' equity section of the balance sheet as it would be presented in a classified balance sheet. pp& e 12/31/14 buildings, net 180,000 land held for speculation 100,000 land 120,000 equipment, net 210,000 accumulated depreciation buildings - 40,000 accumulated depreciation equipment - 140,000 during 2015: equipment (cost 40,000 and accumulated depreciation $22,000) was sold for $17,000 buildings purchased for $40,000 building (cost 50,000 and accumulated depreciation of 10,000) was sold for 70,000 equipment was purchased for 32,000 depreciation expense for 2015 was 50,000 ($6,000 buildings, 44,000 equipment) prepare the property, plant and equipment section of the balance sheet as it would be seen in a classified balance sheet.
Answers: 2
Business, 22.06.2019 08:10
The last time he flew jet value air, juan's plane developed a fuel leak and had to make an 4) emergency landing. the time before that, his plane was grounded because of an electrical problem. juan is sure his current trip will be fraught with problems and he will once again be delayed. this is an example of the bias a) confirmation b) availability c) selective perception d) randomness
Answers: 1
Business, 22.06.2019 10:30
Perez, inc., applies the equity method for its 25 percent investment in senior, inc. during 2018, perez sold goods with a 40 percent gross profit to senior, which sold all of these goods in 2018. how should perez report the effect of the intra-entity sale on its 2018 income statement?
Answers: 2
Business, 22.06.2019 11:40
The following pertains to smoke, inc.’s investment in debt securities: on december 31, year 3, smoke reclassified a security acquired during the year for $70,000. it had a $50,000 fair value when it was reclassified from trading to available-for-sale. an available-for-sale security costing $75,000, written down to $30,000 in year 2 because of an other-than-temporary impairment of fair value, had a $60,000 fair value on december 31, year 3. what is the net effect of the above items on smoke’s net income for the year ended december 31, year 3?
Answers: 3
Business, 22.06.2019 15:20
On january 2, 2018, bering co. disposes of a machine costing $34,100 with accumulated depreciation of $18,369. prepare the entries to record the disposal under each of the following separate assumptions. exercise 8-24a part 2 2. the machine is traded in for a newer machine having a $50,600 cash price. a $16,238 trade-in allowance is received, and the balance is paid in cash. assume the asset exchange has commercial substance.
Answers: 2
Total stockholders' equity 12/31/14 1,288,000 common stock pv $2, authorized 400,000; issued 180,00...
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