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Please show work k Sheep Company with the parent Wolf Corporation is A. $3,000 credit B. $5,000 credit D. $10,000 credit C. $7,000 debit Questions
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Sheep Company with the parent Wolf Corporation is A. $3,000 credit B. $5,000 credit D. $10,000 credit C. $7,000 debit Questions 12-15. DIRECTIONS: Questions 12 through 15 are to be answered on the basis of the CLIMAX CORPORATION - Trial Balances (000 Omitted) Trial Balances and the Notes below December 31.2010 Credit December 31.2011 Debit $ 178 300 CreditDebit $ 84 240 Cash Accounts Receivable Allowance for Bad Debts Merchandise Inventory Building & Equipment Allowance for Depreciation Accounts Payable Mortgage Bonds Unamortized Bond Discount Capital Stock Retained Earnings Net Sales Cost of Goods Sold Salaries & Wages Heat & Utilities Depreciation Taxes & Insurance Interest Bad Debts Losso on Equipment Sales (Note 1) Dividends Paid (Note 2) $ 13 $ 10 370 420 400 360 190 210 300 21 270 90 $4,000 180 220 300 18 357 125 $4,200 $2,300 1,500 110 20 $2,100 1,400 100 20 10 15 20 20 6 127 $5,395 300 $5,395 $5,070 $5,070 4 (#1) f $10,000 was NOTES:(1) In 2011 equipment costing $40,000 and having a net bookvalueo sold for $4,000 (2) Dividends paid in 2011include a stock dividend of $27,000. 12. The net change in working capital from 2010 to 2011 is 13. The amount of funds provided from net income for the year ended December 14. The amount of funds applied to dividends during the year 2011 is 15. The amount of funds applied to building and equipmentduring the year 2011 is Questions 16-17. A. $111,000 B. $130,000 C. $260,000 D. $333,-000 31, 2011 is A. $214,000 B. $244,000 C. $254,000 D. $284,000 A. $100,000 B. $125,000 C. $175,000 D. $202,350 A. $100,000 B. $70,000 C. $50,000 D. $30,000Step by Step Solution
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