ple Win10 EXERCISE 1 Alfa srl is a company that produces car parts. At the end of 2018, it has the following Balance Sheet: ASSETS 2018 LIABILITIES 2018 Fixed assets 700.000 Paid in capital 400.000 Raw materials inventories 350.000 Retained earnings 200.000 WIP inventories 530.000 Net income 350.000 Final product inventories 550.000 Credit risk fund 80.000 Accounts receivables 300.000 Short-term bank debt 530.000 Cash 700.000 Long -term bank debt 1.000.000 Current liabilities 570.000 Total assets 3.130.000 Total liabilities 3.130.000 NOVINOVO Mongt 058 st 22470 SO3 the 2019, the events take place: 1.000.000 of revenues are realized and the 70% is cashed immediately. Accounts receivables in the initial Balance Sheet are cashed at 90%, meanwhile the 10% is uncollectible. Raw materials' purchases are At the end of the year raw 03 De and the 80% is paid cash only. inventory is 450,000, 300,000 of WIP are completed and final product inventories are 420,000. The 1 it is sold an old machine, purchased at 250.000, amortized for half, sold for 150.000. At 31/12/2019 it is bought a new machine to cover the sold one at the price of 500.000, financed by a new bank debt that cover the 60% of the purchase, meanwhile the rest is paid with cash. Annual amortization is 50.000. At 31/12/2019 50.000 of current liabilities are paid and 10% of the long-term debts present at the beginning of the period. Interest tax is 6% with the same reasoning as the debts. Services costs are 30.000, labour's costs are 25.000, both of them paid completely We pay all payable accounts from the previous year Company distributes net income of the previous year as dividends. Taxes rate is 50% and it is paid cash only Based on this information, prepare Income Statement (selling cost classification) and Balance sheet for 2019. COG Oy Kyun 2 1:24. no 2002 VOS 2008 11070524206 70 2470 50.000 of current liabilities are paid and 10% of long-term debt is paid. Interest tax is 6%. What are the correct registrations to make? o (a) Cash increases by 50.000, current liabilities decrease by 50.000. Cash increases by 100.000, bank debt decreases by 100.000. O (b) Long-term debts decrease by 100.000, 100.000 as cost in the Income Statement. Current liabilities decrease by 50.000, 50.000 as cost in the Income Statement. 0 (c) Cash decreases by 50.000, current liabilities decrease by 50.000. Long-term debts decrease by 100.000, cash decreases by 100.000. o (d) Cash decreases by 50.000, current liabilities decrease by 50.000. Long-term debts decrease by 100.000, cash decreases by 154.000, 54.000 as cost in the Income Statement. O (e) Cash decreases by 50.000, current liabilities decrease by 50.000. Long-term debts decrease by 100.000, cash decreases by 160.000, 60.000 as cost in the Income Statement. ple Win10 EXERCISE 1 Alfa srl is a company that produces car parts. At the end of 2018, it has the following Balance Sheet: ASSETS 2018 LIABILITIES 2018 Fixed assets 700.000 Paid in capital 400.000 Raw materials inventories 350.000 Retained earnings 200.000 WIP inventories 530.000 Net income 350.000 Final product inventories 550.000 Credit risk fund 80.000 Accounts receivables 300.000 Short-term bank debt 530.000 Cash 700.000 Long -term bank debt 1.000.000 Current liabilities 570.000 Total assets 3.130.000 Total liabilities 3.130.000 NOVINOVO Mongt 058 st 22470 SO3 the 2019, the events take place: 1.000.000 of revenues are realized and the 70% is cashed immediately. Accounts receivables in the initial Balance Sheet are cashed at 90%, meanwhile the 10% is uncollectible. Raw materials' purchases are At the end of the year raw 03 De and the 80% is paid cash only. inventory is 450,000, 300,000 of WIP are completed and final product inventories are 420,000. The 1 it is sold an old machine, purchased at 250.000, amortized for half, sold for 150.000. At 31/12/2019 it is bought a new machine to cover the sold one at the price of 500.000, financed by a new bank debt that cover the 60% of the purchase, meanwhile the rest is paid with cash. Annual amortization is 50.000. At 31/12/2019 50.000 of current liabilities are paid and 10% of the long-term debts present at the beginning of the period. Interest tax is 6% with the same reasoning as the debts. Services costs are 30.000, labour's costs are 25.000, both of them paid completely We pay all payable accounts from the previous year Company distributes net income of the previous year as dividends. Taxes rate is 50% and it is paid cash only Based on this information, prepare Income Statement (selling cost classification) and Balance sheet for 2019. COG Oy Kyun 2 1:24. no 2002 VOS 2008 11070524206 70 2470 50.000 of current liabilities are paid and 10% of long-term debt is paid. Interest tax is 6%. What are the correct registrations to make? o (a) Cash increases by 50.000, current liabilities decrease by 50.000. Cash increases by 100.000, bank debt decreases by 100.000. O (b) Long-term debts decrease by 100.000, 100.000 as cost in the Income Statement. Current liabilities decrease by 50.000, 50.000 as cost in the Income Statement. 0 (c) Cash decreases by 50.000, current liabilities decrease by 50.000. Long-term debts decrease by 100.000, cash decreases by 100.000. o (d) Cash decreases by 50.000, current liabilities decrease by 50.000. Long-term debts decrease by 100.000, cash decreases by 154.000, 54.000 as cost in the Income Statement. O (e) Cash decreases by 50.000, current liabilities decrease by 50.000. Long-term debts decrease by 100.000, cash decreases by 160.000, 60.000 as cost in the Income Statement