Wiley Week One

BE1-7 Indicate which teaching you would examine to find each of the interest items: income affirmation (I), balance sheet (B), retained earnings statement (R), or statement of cash flows (C). (a) Revenue during the period. (I) (b) Supplies on miscarry at the end of the year. (B) (c) Cash received from issuing freshly bonds during the period. (C) (d) Total debts outstanding at the end of the period. (B) emergency: state proper financial statement. (SO 4) BE1-8 hitt the basic accounting par to answer these questions. (a) The liabilities of Cummings Company are $90,000 and the stockholders comeliness is $230,000. What is the go down of Cummings Companys score assets? $320,000 (b) The thorough assets of Haldeman Company are $170,000 and its stockholders blondness is $90,000. What is the amount of its match liabilities? $80,000 (c) The be assets of Dain Co. are $800,000 and its liabilities are bank check t o one-fourth of its total assets. What is the amount of Dain Co.s stockholders equity? $600,000 soupcon: delectation basic accounting equation.

(SO 5) BE1-9 At the beginning of the year, Fuqua Company had total assets of $800,000 and total liabilities of $500,000. (a) If total assets increase $150,000 during the year and total liabilities reduced $80,000, what is the amount of stockholders equity at the end of the year? $530,000 (b) During the year, total liabilities change magnitude $100,000 and stockholders equity decreased $70,000. What is the amount of total assets at the end of th e year? $830,000 (c) If total assets d! ecreased $90,000 and stockholders equity increased $110,000 during the year, what is the amount of total liabilities at the end of the year? $300,000 Hint: Use basic accounting equation. (SO 5)If you want to get a full essay, order it on our website: BestEssayCheap.com

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