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Can I please get help on calculating cash and current tax liability? Cash Accounts Receivable Allcnnance for Doubtful Accounts Merchandise Inventories (LIFO) Prepaid Expenses and
Can I please get help on calculating cash and current tax liability?
Cash Accounts Receivable Allcnnance for Doubtful Accounts Merchandise Inventories (LIFO) Prepaid Expenses and Other Current Assets Land auildings Accumulated Depreciation - auildings Leasehold Improvements Accumulated Depreciation - Leasehold Imprcvemen Trade Fixtures and Equipment Accumulated Depreciation - Trade Fixtures and Equip Transportation Equipment Accumulated Depreciation - Transportation Equipme Property Held Under Capital Lease Accumulated Depreciation - Capital Leases Other lane-Term Assets (including Securities) Deferred Taxes Accounts Payable and Accrued Salaries & Wages Current Tax Liability Bonds Payable (net of Amortization) Common Stock Additional Paid-in Capital Retained Earnings Treasury Stock Dividends Sales Revenues Cost of Goods sold (LIFO) Operating and Administrative Expenses Depreciation and amortization Sad Debt Expenses Inss (Gain) on Sale of Assets Unrealized Inss (Gain) on Held-for-Sale Securities Interest Income Interest Expense Tax Expense Federal & State lass (Gain) from Retirement of Bonds Dec 31, 2018 (35,000) 9,790, coo 820,000 3,640, ooo 1,295, ooo (900,000) 5,490, ooo (451,500) 250,000 40,580, ooo 4,850, ooo 5,000 (95,000) (45,000) (85,000) 540,000 auildings 36,300 2,800, coo 100,000 91,000 90,000 6,000 "2016 5,000.00 Dec 31, 2017 2,925, ooo (40,000) 1,060, ooo 3,630, ooo 1,334, (250,000) (448,000) 250,000 5,300, ooo (275,000) (100,000) (98,000) 880, ooo Leased Imprcvements 15, soo 12,400, coo 935, ooo 3,975, ooo "2017 10,000.00 1,000, ooo Additional Information: - 510,000 Of the accounts receivable were written off in the current year _ -3% of current year revenues were on account. - BWC sold some of its business assets for a net gain of 595,000. Tota Is Total Cost 12/31/2017 Accumulated Depreciation (2017) Purchase 2018 Depreciation Exbi FY2018 Sales of assets - 2018 Total Costs Sales in 2018- total accumulated Stock Options Expenses # of Options Issued Vesting Period (years) Trade Fix. & Equip 35,500, ooo 5,860, ooo 8,240, ooo 20,000 oo 10 oo 100000 1000 Transportation Equipment 385,000 129,500 510,000 479,500 Property held Under Captial Lease 490, ooo 274,500 Depreciation Estimated Value of Options (SI par) # of Options Excercised from 2016 grant # of Options Excercised from 2017 grant # of Options Excercised from 2018 grant Strike Price Amount ( S') Vesting In FY2018 Estimated Forfeiture Bond Information Amount Issued Stated Interest Rate Market Rate when Issued Management estimates that all options that have vested through 2019 will be exercised by the end of that year (aka the next calendar year}. They estimate that the market value of the stock will be significantly higher by December 2019. -One bond was Issued five years ago and the other one two years ago - Interest payments on the bonds are made semi-annually (January I & June At the end of the current fiscal year, Osbaldo, Co retired Bond 2 and paid Sg70,ooo; at the same time the comapanv issued a new SIM 10-year bond with market and stated rate of 8% Cash Accounts Receivable Allcnnance for Doubtful Accounts Merchandise Inventories (LIFO) Prepaid Expenses and Other Current Assets Land auildings Accumulated Depreciation - auildings Leasehold Improvements Accumulated Depreciation - Leasehold Imprcvemen Trade Fixtures and Equipment Accumulated Depreciation - Trade Fixtures and Equip Transportation Equipment Accumulated Depreciation - Transportation Equipme Property Held Under Capital Lease Accumulated Depreciation - Capital Leases Other lane-Term Assets (including Securities) Deferred Taxes Accounts Payable and Accrued Salaries & Wages Current Tax Liability Bonds Payable (net of Amortization) Common Stock Additional Paid-in Capital Retained Earnings Treasury Stock Dividends Sales Revenues Cost of Goods sold (LIFO) Operating and Administrative Expenses Depreciation and amortization Sad Debt Expenses Inss (Gain) on Sale of Assets Unrealized Inss (Gain) on Held-for-Sale Securities Interest Income Interest Expense Tax Expense Federal & State lass (Gain) from Retirement of Bonds Dec 31, 2018 (35,000) 9,790, coo 820,000 3,640, ooo 1,295, ooo (900,000) 5,490, ooo (451,500) 250,000 40,580, ooo 4,850, ooo 5,000 (95,000) (45,000) (85,000) 540,000 auildings 36,300 2,800, coo 100,000 91,000 90,000 6,000 "2016 5,000.00 Dec 31, 2017 2,925, ooo (40,000) 1,060, ooo 3,630, ooo 1,334, (250,000) (448,000) 250,000 5,300, ooo (275,000) (100,000) (98,000) 880, ooo Leased Imprcvements 15, soo 12,400, coo 935, ooo 3,975, ooo "2017 10,000.00 1,000, ooo Additional Information: - 510,000 Of the accounts receivable were written off in the current year _ -3% of current year revenues were on account. - BWC sold some of its business assets for a net gain of 595,000. Tota Is Total Cost 12/31/2017 Accumulated Depreciation (2017) Purchase 2018 Depreciation Exbi FY2018 Sales of assets - 2018 Total Costs Sales in 2018- total accumulated Stock Options Expenses # of Options Issued Vesting Period (years) Trade Fix. & Equip 35,500, ooo 5,860, ooo 8,240, ooo 20,000 oo 10 oo 100000 1000 Transportation Equipment 385,000 129,500 510,000 479,500 Property held Under Captial Lease 490, ooo 274,500 Depreciation Estimated Value of Options (SI par) # of Options Excercised from 2016 grant # of Options Excercised from 2017 grant # of Options Excercised from 2018 grant Strike Price Amount ( S') Vesting In FY2018 Estimated Forfeiture Bond Information Amount Issued Stated Interest Rate Market Rate when Issued Management estimates that all options that have vested through 2019 will be exercised by the end of that year (aka the next calendar year}. They estimate that the market value of the stock will be significantly higher by December 2019. -One bond was Issued five years ago and the other one two years ago - Interest payments on the bonds are made semi-annually (January I & June At the end of the current fiscal year, Osbaldo, Co retired Bond 2 and paid Sg70,ooo; at the same time the comapanv issued a new SIM 10-year bond with market and stated rate of 8%
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