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1 year ago

What change in the book value of the company's equity took place at the end of ?

Business

1 answer:

Dmitriy789 [7]1 year ago

5 0

What change in the book value of the company's equity took place at the end of previous year, and was negative.

The book value of equity decreased by $2.094 billion compared with that at the end of previous year, and was negative. Change in book value = 1638+456 = 2094 billion

What is book value of equity?

The amount of money left over after a company's assets have been liquidated and any outstanding debts have been settled using the profits from the sale is known as the book value of equity, or "Shareholders' Equity."

Therefore,

The book value of equity decreased by $2.094 billion compared with that at the end of previous year, and was negative. Change in book value = 1638+456 = 2094 billion

To learn more about book value of equity from the given link;

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Answer:

Total= $65,100

Explanation:

Giving the following information:

Wells Company reports the following sales forecast: September, $55,000; October, $66,000; and November, $80,000.

Collections of credit sales are received as follows: 25% in the month of sale, 60% in the first month after sale, and 10% in the second month after sale. 5% of all credit sales are written off as uncollectible.

Cash collection November:

November= 80,000*0.25= 20,000

From October= 66,000*0.6= 39,600

From September= 55,000*0.10= 5,500

Total= $65,100

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3 years ago

Gross billings for merchandise sold by Lang Company to its customers last year amounted to $12,520,000; sales returns and allowa

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Answer:

c. $12,175,000.

Explanation:

Given: Merchandise sold by Lang company= $12520000.

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Here, we have to find the last year net sales for Lang company.

∴ $Net sales= sales\ revenue- (sales\ returns\ and\ allowances + sales\ discount)$

⇒ Net sales = $12520000-(270000 + 75000) = 12520000 - 345000$

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When an independent CPA assists in preparing the financial statements of a publicly held entity but has not audited or reviewed them, the CPA should issue a disclaimer of opinion. In such situations, the CPA has no responsibility to apply any procedures beyond Documenting that internal control is not being relied on.

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Answer:

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The computation of the annual payment is shown below;

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