Question
Please provide the answers to these 10 questions below Oriole Companystarted the year with total assets of $320000and total liabilities of $260000. During the year
Please provide the answers to these 10 questions below
Oriole Companystarted the year with total assets of $320000and total liabilities of $260000. During the year the business recorded $635000in revenues, $335000in expenses, and dividends of $57000. The net income reported byOriole Companyfor the year was
$300000.
$243000.
$180000.
$570000.
If total liabilities increased by $89000and stockholders' equity increased by $27000during a period of time, then total assets must change by what amount and direction during that same period?
$143000increase
$170000increase
$116000increase
$116000decrease
Bramble Corp.compiled the following financial information as of December 31, 2022:
Service revenue
$836000
Common stock
179000
Equipment
244000
Operating expenses
743000
Cash
222000
Dividends
56000
Supplies
31000
Accounts payable
106000
Accounts receivable
95000
Retained earnings, 1/1/22
435000
Bramble's assets on December 31, 2022 are:
$592000.
$1042000.
$488000.
$1432000.
Vaughn Manufacturingcompiled the following financial information as of December 31, 2022:
Service revenue
$1186000
Common stock
243000
Equipment
322000
Salaries and wages expense
366000
Rent expense
91500
Depreciation expense
457500
Cash
279000
Dividends
84000
Supplies
38000
Accounts payable
173000
Accounts receivable
123500
Retained earnings, 1/1/22
580000
Vaughn's total assets at December 31, 2022 are:
$1948500.
$644000.
$762500.
$1342500.
Based on the following data, what are total liabilities?
Accounts payable
$63000
Accounts receivable
62000
Cash
90000
Inventory
150000
Buildings
169000
Bonds payable
504000
Supplies
9800
Notes payable
64000
Equipment
363000
$631000
$567000
$568000
$127000
Based on the following data, what is the amount of current assets?
Accounts payable
$60000
Accounts receivable
95000
Cash
65000
Intangible assets
95000
Inventory
125000
Long-term investments
155000
Long-term liabilities
180000
Short-term investments
75000
Notes payable
55000
Property, plant, and equipment
1300000
Prepaid insurance
1000
$235000
$203000
$236000
$361000
TheConcord Corporationhas five plants nationwide that cost $240million. The current fair value of the plants is $400million. The plants will be reported as assets at
$640million.
$240million.
$400million.
$160million.
Use the following data to determine the total dollar amount of assets to be classified as current assets.
Swifty Corporation
Balance Sheet
December 31, 2022
Cash and cash equivalents
$69500
Accounts payable
$139000
Accounts receivable
87500
Salaries and wages payable
10700
Inventory
137000
Bonds payable
171500
Prepaid insurance
86500
Total liabilities
$321200
Stock investments
176500
Land
197000
Buildings
$202500
Common stock
$231800
Less: Accumulated depreciation
(68000)
134500
Retained earnings
475000
Trademarks
139500
Total stockholders' equity
$706800
Total assets
$1028000
Total liabilities andstockholders' equity
$1028000
$243500
$380500
$321200
$557000
Kingbird, Inc.has assets of $4306000, common stock of $1079000, and retained earnings of $666000. What are the creditors' claims on their assets?
$4745000
$1875000
$2561000
$3891000
Using the following balance sheet and income statement data, what is the current ratio?
Current assets
$33000
Net income
$41500
Current liabilities
14200
Stockholders' equity
76800
Average assets
159900
Total liabilities
41100
Total assets
118000
Average common shares outstanding was15700.
2.8: 1
2.7: 1
0.4: 1
2.3: 1
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