{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-05-26T16:04:10-04:00", "answer_date": "2024-05-26 16:04:10", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "1747674", "url": "\/study-help\/questions\/comparative-financial-statements-for-weller-corporation-a-merchandising-company-for-1747674", "question_creation_date_js": "2024-05-26T16:04:10-04:00", "question_creation_date": "May 26, 2024 04:04 PM", "meta_title": "[Solved] Comparative financial statements for Well | SolutionInn", "meta_description": "Answer of - Comparative financial statements for Weller Corporation, a merchandising company, for the year ending December 31 appe | SolutionInn", "meta_keywords": "comparative,financial,statements,weller,corporation,merchandising,company,year,ending,december,31,appear", "question_title_h1": " Comparative financial statements for Weller Corporation, a merchandising company, for the year ending December 31 appear below. The company did not issue any new", "question_title": " Comparative financial statements for Weller Corporation, a merchandising company, for the", "question_title_for_js_snippet": "Comparative financial statements for Weller Corporation, a merchandising company, for the year ending December 31 appear below The company did not issue any new common stock during the year A total of 950 000 shares of common stock were outstanding The Interest rate on the bond payable was 12 , the income tax rate was 40 , and the dividend per share of common stock was $0 75 last year and $0 40 this year The market value of the company's common stock at the end of this year was $25 50 All of the company's sales are on account Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year Assets Current assets Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Property and equipment Land Buildings and equipment, net Total property and equipment Total assets Liabilities and Stockholders' Equity Current liabilities Accounts payable Accrued liabilities Notes payable, short term Total current liabilities Long term liabilities Bonds payable Total liabilities Stockholders equity Common stock Additional paid in capital Total paid in capital Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $ 770 $ 1,810 15,900 9,000 10,450 8,800 1,950 2,400 29,070 22,010 7,500 7,500 20,700 28,200 $ 57,270 $ 11,000 20,500 28,000 $ 50,010 900 $ 9,050 1,450 450 10,950 17,350 450 12,350 5,000 5,000 15,950 950 950 4,950 4,950 5,900 5,900 34,020 28,160 39,920 34,060 $ 57,270 5 50,010", "question_description": "\"image\"image\"image", "transcribed_text": "Comparative financial statements for Weller Corporation, a merchandising company, for the year ending December 31 appear below. The company did not issue any new common stock during the year. A total of 950.000 shares of common stock were outstanding. The Interest rate on the bond payable was 12%, the income tax rate was 40%, and the dividend per share of common stock was $0.75 last year and $0.40 this year. The market value of the company's common stock at the end of this year was $25.50. All of the company's sales are on account Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year Assets Current assets: Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Property and equipment: Land Buildings and equipment, net Total property and equipment Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Accrued liabilities Notes payable, short term Total current liabilities Long-term liabilities: Bonds payable Total liabilities: Stockholders equity: Common stock Additional paid-in capital Total paid-in capital Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $ 770 $ 1,810 15,900 9,000 10,450 8,800 1,950 2,400 29,070 22,010 7,500 7,500 20,700 28,200 $ 57,270 $ 11,000 20,500 28,000 $ 50,010 900 $ 9,050 1,450 450 10,950 17,350 450 12,350 5,000 5,000 15,950 950 950 4,950 4,950 5,900 5,900 34,020 28,160 39,920 34,060 $ 57,270 5 50,010", "related_book": { "title": "Survey of Accounting", "isbn": "9780077392659, 978-0-07-73417, 77392655, 0-07-734177-5, 73379557, 978-0073379555", "edition": "2nd edition", "authors": "Edmonds, old, Mcnair, Tsay", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/76.jpg", "uri": "\/textbooks\/survey-of-accounting-2nd-edition-76", "see_more_uri": "" }, "free_related_book": { "isbn": "1609945921", "uri": "\/textbooks\/99-to-1-how-wealth-inequality-is-wrecking-the-world-and-what-we-can-do-about-it-1st-edition-978-1609945923-119706", "name": "99 To 1 How Wealth Inequality Is Wrecking The World And What We Can Do About It", "edition": "1st Edition" }, "question_posted": "2024-05-26 16:04:10", "see_more_questions_link": "\/study-help\/questions\/business-economics-2023-September-08", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/study-help\/questions\/if-you-deposit-2-comma-0002000-today-into-an-account-352584", "description": "If you deposit $2,000 today into an account earning an annual rate of return of 9 percent, what would your account be worth In 30 years? a. 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