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ACG2011 PRIN ACCT II ENHANCED 668049 Shafi Ullah Homework: Chapter F:16 Hom Score: 0 of 1 pt XEF16-23 (similar to) Superior Exercise Equipment, Inc. reported

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ACG2011 PRIN ACCT II ENHANCED 668049 Shafi Ullah Homework: Chapter F:16 Hom Score: 0 of 1 pt XEF16-23 (similar to) Superior Exercise Equipment, Inc. reported the following financial statemer (Click the icon to view the income statement.) (Click the icon to vie Read the requirements, Requirement 1. Compute the amount of Superior Exercise's acquisition of asset was $45,700. No cash was received upon disposal. The acquisitions of plant assets amounts to $ 101,000 Requirement 2. Compute new borrowing or payment of long-term notes pay Net borrowing or Amount of net payment? borrowing/payment Payment Choose from any list or enter any number in the input fields and then clici parts remaining 3 of 5 (5 complete) HW Score: 14.8%, 3.74 pts Question Help g financial statements for 2024 Click the icon to view the comparative balance shoot.) cise's acquisition of plant assets. Superior Exercise disposed of plant assets at book value. The cost and accumulated depreciation of the disposed 5,000 of long-term notes payable, with Superior Exerciso having only one long-term notes payable transaction during the year ut fields and then click Check Answer Clear All lomer Chapter F. lb Homework - A Sa Score: 0 of 1 pt 3 of 5 15 complete HW Score: 74.8%, 3.74 of 5 Question Help X EF16-23 (similar to) Superior Exercise Equipment, Inc. reported the following financial statements for 2024 Blok the icon to view the income statement) Click the icon to view the comparative balance sheet Head the moments Requirement 1. Compute the amount of Superior Exercita's acquisition of plante Superior Exercise disposed of plant assets at book value. The cost and accumulated depreciation of the disposed was $45.700 No cash was received upon disposal The acquisitions of plant amounts to $ 101 000 Requirement 2. Computo new bonowing or payment of long-term notes payable, with Superior Exercise having only one long-term notes payable transaction during the yea. Net borrowing or payment? Amount of net borrowing payment Payment mework A 3 of 5 (5 complete) i Data Table Plant Assets 267,900 212,600 Accumulated Depreciation-Plant Assets (39,900) 97,000 (33,600) 71,000 Investments Total Assets 483,000 $ 401,000 Liabilities Current Liabilities: Accounts Payable Salaries Payable Long-term Liabilities: 77,000 $ 70,000 7,000 5,000 60,000 71,000 Notes Payable Total Liabilities 142.000 148,000 Stockholders' Equity Common Stock, no par 38,000 43,000 298,000 Retained Earnings Total Stockholders' Equity 215.000 341,000 253,000 Total Liabilities and Stockholders' Equity 483,000 $ 401,000 dt Print Done Clear All Superior Exercise Equipment, Inc. Income Statement Year Ended December 31, 2024 Net Sales Revenue $ 714,000 348,000 Cost of Goods Sold Gross Profit 366,000 Operating Expenses: Depreciation Expense $ 52,000 215,000 Other Operating Expenses 267,000 Total Operating Expenses 99,000 Net Income Print Done ? X EF Superior Exercise Equipment, Inc reported the following financial statements for 2024 Co the loan to view the income statement) (Click the icon to view the comparative balance sheet.) Rand the mourements Requirement i Compute the amount of Superior Exercise's acquisition of plant assets Superior Exercise disposed of plant assets at book value. The cost and accumu upon to The com of plantes amounts to $ 101,000 Reprument 2. Compute new borrowing or payment of long-term notes payable, with Superior Exercise having only one long-term notes payable transaction during the Not borrowing or Amount of net borrowing payment Requirements 1. Compute the amount of Superior Exercise's acquisition of plant assets. Assume the acquisition was for cash. Superior Exercise disposed of plant assets at book value. The cost and accumulated depreciation of the disposed asset was $45,700. No cash was received upon disposal. 2. Compute new borrowing or payment of long-term notes payable, with Superior Exercise having only one long-term notes payable transaction during the year. 3. Compute the issuance of common stock with Superior Exercise having only one common stock transaction during the year. 4. Compute the payment of cash dividends. Print Done Clear

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