Here is financial information for Larkspur, Inc. December 31, 2022 December 31, 2021 $108,675 $ 94,500...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Here is financial information for Larkspur, Inc. December 31, 2022 December 31, 2021 $108,675 $ 94,500 Current assets Plant assets (net) 404,493 352,600 Current liabilities 103,428 67,600 Long-term liabilities 124,740 94,500 Common stock, $1 par 133,663 117.600 Retained earnings 151,337 167.400 Prepare a schedule showing a horizontal analysis for 2022, using 2021as the base year. (famount and percentage are a decrease show the numbers as negative, eg. 55,000, -20% or (55,000), (20%). Round percentages to 1 decimal place, eg. 12.1%) LARKSPUR, INC. Condensed Balance Sheet December 31 Increase or (Decrease) 2022 2021 Amount Percentage Assets Current Assets S108,675 $94,500 Plant assets (net) 404,493 352,600 Total assets $513,169 $447,100 Liabilities Curtent Liabities $103,428 S67,600 Long-term liabilities 124,740 94,500 Total liabities $229,168 S162,100 Stockholders' Equity Common stock, $1 par 133,663 117,600 Retained earmings 151,337 167,400 Total stockholders 285,000 265,000 equity Total iebiities and stockholders' equity $513,168 $447,100 %24 Here is financial information for Larkspur, Inc. December 31, 2022 December 31, 2021 $108,675 $ 94,500 Current assets Plant assets (net) 404,493 352,600 Current liabilities 103,428 67,600 Long-term liabilities 124,740 94,500 Common stock, $1 par 133,663 117.600 Retained earnings 151,337 167.400 Prepare a schedule showing a horizontal analysis for 2022, using 2021as the base year. (famount and percentage are a decrease show the numbers as negative, eg. 55,000, -20% or (55,000), (20%). Round percentages to 1 decimal place, eg. 12.1%) LARKSPUR, INC. Condensed Balance Sheet December 31 Increase or (Decrease) 2022 2021 Amount Percentage Assets Current Assets S108,675 $94,500 Plant assets (net) 404,493 352,600 Total assets $513,169 $447,100 Liabilities Curtent Liabities $103,428 S67,600 Long-term liabilities 124,740 94,500 Total liabities $229,168 S162,100 Stockholders' Equity Common stock, $1 par 133,663 117,600 Retained earmings 151,337 167,400 Total stockholders 285,000 265,000 equity Total iebiities and stockholders' equity $513,168 $447,100 %24
Expert Answer:
Answer rating: 100% (QA)
Answer Requirement asked LARKSPUR Inc Condensed Balance Sheet Dec31 Increase Increase 20... View the full answer
Related Book For
Financial Accounting Tools for business decision making
ISBN: 978-0470534779
6th Edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
Posted Date:
Students also viewed these accounting questions
-
Here is financial information for Glitter Inc. Instructions Prepare a schedule showing a horizontal analysis for 2020, using 2019 as the base year. December 31, 2020 December 31, 2019 $ 90,000...
-
Here is financial information for Pauletti Inc. InstructionsPrepare a schedule showing a horizontal analysis for 2012, using 2011 as the base year. December 31, 2012 December 31, 2011 Current assets...
-
Here is financial information for Spangles Inc. Instructions Prepare a schedule showing a horizontal analysis for 2014, using 2013 as the baseyear. December 31, 2014 106,000 400,000 99,000 122,000...
-
John Deer began a restaraunt consulting company. Below are events and transactions that occurred during the first month of operation. May 1 John Deer invested $38,000 cash to start a consulting...
-
Outline the issues and problems involved in identifying a companys desired future state.
-
The table here shows six stocks traded on either the New York Stock Exchange (NYSE) or the NASDAQ Exchange. Also shown is an indication of whether the stock gained or lost value by the close of the...
-
Analytical Procedures. Analytical procedures are typically done during the planning phase. Required A. Define analytical procedures. B. Other than during planning, when does an auditor conduct...
-
Net Play Manufacturing uses a job order cost system in each of its three manufacturing departments. Manufacturing overhead is applied to jobs on the basis of direct labor cost in Department A, direct...
-
In 2 0 2 4 , Bratten Fitness Company made the following cash purchases: The exclusive right to manufacture and sell the X - Core workout equipment from Symmetry Corporation for $ 2 0 0 , 0 0 0 ....
-
The financial statements for Harridges Ltd are given below for the two years ended 30 June 2009 and 2010. Harridges Limited operates a department store in the centre of a small town. Dividends were...
-
Assess the value of framing and reframing in interpreting the role of leadership in the management of change. (33 marks). Please provide comprehensive answers.
-
A line passes through the point (-8, 6) and has a slope of Write an equation in slope-intercept form for this line. 5 4
-
Case 4. Accounts Payable AccrualAbdul & El-Emir assigned a senior with experience in the retail area to audit accounts payable. Although Nefret had poor internal controls, Abdul & El-Emir selected a...
-
As the stakeholders provide their needs and expectations to improve the process, identify steps that could be improved with the support of a hiring system. Also look for examples of issues and...
-
Shine Co. Manufactures laser printers. It has outlined the following overhead cost drivers: Overhead Cost Pool Cost Driver Overhead Cost Budgeted Level for Cost Driver Budgeted Overhead Rate Quality...
-
Problem 4: New Wave Company produces two products, Side A and Side B. Units produced during the period totaled 13,625 for Side A and 11,400 for Side B. Total manufacturing overhead costs are...
-
28 The use of particular words by groups or professions is known as A. distinction communication B. in-grouping C. slang D. jargon QUESTION 29 Our book asserts that unintentional messages cou
-
Describe the general ways that the revised Form 990, applicable for tax year 2008 and beyond, is different from previous versions.
-
Phil Eubanks recorded the following transactions during the month of April. Post these entries to the Cash account of the general ledger to determine the ending balance in cash. The beginning balance...
-
From the information in BE5-3, prepare the journal entries to record these transactions on Rodriguez Companys books under a perpetual inventory system.
-
Data for Cadet Company are presented in P12-9B. Further analysis reveals that accounts payable pertain to merchandise creditors. Instructions Prepare a statement of cash flows for Cadet Company using...
-
What are the main categories of quality costs that a business may incur and why is it useful to categorise them? (R-3)
-
Completing a Statement of Financial Position and Inferring Net Earnings LO1-1 Terry Lloyd and Joan Lopez organized Read More Store as a corporation; each contributed $50,000 cash to start the...
-
Analyzing Revenues and Expenses and Preparing a Statement of Earnings LO1-1 Assume that you are the owner of The University Shop, which specializes in items that interest students. At the end of...
Study smarter with the SolutionInn App