Question
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;
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 Expense 1,055; Other Long Term Assets 4,420; Total Long Term Assets 5,174; Total Assets 24,342; General and Administrative Expenses 14,502; Labor Expense __________; Accounts Payable 2,010; Current Portion of 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 10,301; Total Current Assets _________; Long Term Investments 45; Total Liab. and Equity _________; Cost of Revenue 20,730; Other Current Liabilities 1,006; Bank Loans (Long Term) _________; Gross Profit ________; Depreciation 65; Selling Expense 760; Operating Income -11,362; Property Plant and Equipment 505; Goodwill 0 Other Long Term Investments 204; Total Liabilities 6,692; Redeemable Preferred Stock 74; Preferred Stock 150; Income Tax Expense ___________; Capital Surplus 38,624. This format is somewhat confusing as below these comments you see a list of accounts adjacent to a list of numbers. Usually, some of the numbers are correct by sheer chance. Your job is to use all of the numbers with all of the accounts.
I am having a hard time figuring:
Income Tax Expense
Bank Loans (Long Term)
Total Liabilities and Owner's Equity
Short /Current Long Term Debt
Gross Profit
Net Receivables
Total Current Assets
Labor Expense
The Remaining/Unused Number
Retained Earnings
1. 6895 2. 3 3. 1875 4. 5068 5. 920 6. 19168 7. -21214 8. 24342 9. 0 10. 748
letontent/1385 view.content/2901274/View eyen Attempt 1 M Gross Profit 5. 920 Net Receivables 6. 19168 7. -21214 V Total Current Assets 8. 24342 Labor Expense 9. 0 The Remaining/Unused Number 10. 748 Retained Earnings Download Print Activity Details PT SAD iu.edu/dVle/content/438 ent/2901274/View onemeyer: Attempt 1 Bank Loans (Long Term) 1. 6895 2. 3 Total Liabilities and Owner's Equity 3. 1875 Short/Current Long Term Debt 4. 5068 Gross Profit 5. 920 Net Receivables 6. 19168 7. -21214 Total Current Assets 8. 24342 Labor Expense 22 0 TL ne: Download Print Activity Details sic 0 S 9. 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 Expense 1,055; Other Long Term Assets 4,420; Total Long Term Assets 5,174; Total Assets 24,342; General and Administrative Expenses 14,502; Labor Expense ; Accounts Payable 2,010; Current Portion of Long Term Debt L; 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 10,301; Total Current Assets ; Long Term Investments 45; Total Liab. and Equity ; Cost of Revenue 20,730; Other Current Liabilities 1,006; Bank Loans (Long Term) ; Gross Profit Depreciation 65; Selling Expense 760; Operating Income -11,362; Property Plant and Equipment 505; Goodwill o Other Long Term Investments 204; Total Liabilities 6,692; Redeemable Preferred Stock 74; Preferred Stock 150; Income Tax Expense _; Capital Surplus 38,624. This format is somewhat confusing as below these comments you see a list of accounts adjacent to a list of numbers. Usually, some of the numbers are correct by sheer chance. Your job is to use all of the numbers with all of the accounts. Use the pull-down menu to match the proper account to the correct number. letontent/1385 view.content/2901274/View eyen Attempt 1 M Gross Profit 5. 920 Net Receivables 6. 19168 7. -21214 V Total Current Assets 8. 24342 Labor Expense 9. 0 The Remaining/Unused Number 10. 748 Retained Earnings Download Print Activity Details PT SAD iu.edu/dVle/content/438 ent/2901274/View onemeyer: Attempt 1 Bank Loans (Long Term) 1. 6895 2. 3 Total Liabilities and Owner's Equity 3. 1875 Short/Current Long Term Debt 4. 5068 Gross Profit 5. 920 Net Receivables 6. 19168 7. -21214 Total Current Assets 8. 24342 Labor Expense 22 0 TL ne: Download Print Activity Details sic 0 S 9. 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 Expense 1,055; Other Long Term Assets 4,420; Total Long Term Assets 5,174; Total Assets 24,342; General and Administrative Expenses 14,502; Labor Expense ; Accounts Payable 2,010; Current Portion of Long Term Debt L; 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 10,301; Total Current Assets ; Long Term Investments 45; Total Liab. and Equity ; Cost of Revenue 20,730; Other Current Liabilities 1,006; Bank Loans (Long Term) ; Gross Profit Depreciation 65; Selling Expense 760; Operating Income -11,362; Property Plant and Equipment 505; Goodwill o Other Long Term Investments 204; Total Liabilities 6,692; Redeemable Preferred Stock 74; Preferred Stock 150; Income Tax Expense _; Capital Surplus 38,624. This format is somewhat confusing as below these comments you see a list of accounts adjacent to a list of numbers. Usually, some of the numbers are correct by sheer chance. Your job is to use all of the numbers with all of the accounts. Use the pull-down menu to match the proper account to the correct numberStep by Step Solution
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