Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

For the below Income Statement and Balance Sheet, you are to match the Available Choices with the Accounts that are missing numbers.Total Revenue 2 7

For the below Income Statement and Balance Sheet, you are to match the Available Choices with the Accounts that are missing numbers.Total Revenue 27,625 Common Stock 16 Retained Earnings ________ Long Term Bonds (Liability)742 Capital Leases (Long Term Liability)965 Research & Development 1,055 Other Long Term Assets 4,420 Total Long Term Assets 5,174Total Assets 24,342 General and Administrative 14,502 Labor Expense __________Accounts Payable 2,010 Short/Current Long Term Debt _________Other Long Term Liabilities 1,049 Interest Expense 923 Total Current Liabilities 3,936 Income Before Tax __________Short Term Investments 51 Net Receivables ___________Inventory 3,000 Other Current Assets 748 Net Income -12,288 Cash And Cash Equivalents 10,301Total Current Assets _________ Long Term Investments 45Total Liab. and Equity _________ Cost of Revenue 20,730 Other Current Liabilities 1,006 Bank Loans (Long Term)_________Gross Profit ________ Depreciation 65Selling Expense 760 Operating Income -11,362Property Plant and Equipment 505 Goodwill 0Other Long Term Investments 204 Total Liabilities 6,692Redeemable Preferred Stock 74 Preferred Stock 150Income Tax Expense ___________ Capital Surplus 38,624.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Fundamental Managerial Accounting Concepts

Authors: Thomas Edmonds, Christopher Edmonds, Bor Yi Tsay, Philip Olds

8th edition

978-1259569197

More Books

Students also viewed these Accounting questions