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4 years ago

The comparative balance sheets for 2018 and 2017 are given below for Surmise Company.

Business

1 answer:

ki77a [65]4 years ago

4 0

Answer:

Explanation:

Net income - (159-173) (14)

Add back depreciation (137-108) 29

Add back amortization ( 26-25) 1

Operating profit 16

Increase in noncollectible account (24-4) 20

Increase in note payable (48-0) 48

Decrease in receivable (106-89) 17

Decrease in payable (42-19) (23)

Decrease in accrued liabilities ((20-4) (16)

Increase in prepaid expenses (19-16) (3)

Increase in inventory (132-110) (22)

Operating profit before tax 37

Financing activities

Common stock (69-50) 19

Issue of paid capital (261-205) 56

Lease income (122-0) 122

Redemption of bonds (132-64) (68)

Cash flow from financing activities 129

Investing activities

Long term investment ( 89-50) (39)

Building and equipment (400-270) ( 130)

Cash flow from investing activities (169)

Increase in cash ( 3)

Cash at the beginning of the year 58

Cash at year end 55

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3 years ago

In the market for dog food, who is the customer and who is the consumer??

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Explanation:

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3 years ago

A corporation purchased a piece of land for $50,000. The corporation paid attorney's fees of $5,000 and brokers' commissions of

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To find the total cost of the land is $65,000.

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<h3>Solution -</h3>

To find the total cost of the last, add all the numbers as follows:

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2 years ago

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Answer:

The correct option is C,$2.25 and $0.00.

Explanation:

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In the second year,it is imperative to note that the balance of unpaid preferred stock dividends of $30,000 ($40,000-$10,000) would be paid alongside this year preferred dividends.

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However the $45,000 paid is not enough to settle the preferred stockholders,again,the total dividends of $45,000 would be paid to preferred stockholders

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Option C is the correct answer.

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