Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. problems oslens 127 p3.1 present in the proper for

PROBLEMS OSLENS 127 P3.1 Present in the proper form...

80.2K

Verified Solution

Question

Accounting

image

PROBLEMS OSLENS 127 P3.1 Present in the proper form a comparative horizontal analysis of the cor porate balance sheet shown below. Comment on any items of difference that you consider significant Assets Year 0007 Year 2008 Current Assets Cash Credit card receivables $ 11,300 S 15400 4,500 Accounts receivable 6,300 11.100 Vending inventories 18,900 7.500 8.400 Prepaid expenses 4,200 4,100 Total Current Assets $ 38,600 $ 53,100 Property Plant & Equipment Land Building Furnishings Equipment Accumulated depreciation Glassware, linen inventories Net Property and Equipment Total Assets $ 81,200 758,100 83,712 90,688 (315,500) 12,200 $710,400 $749,000 S 81,200 795,300 93,412 90,688 (335.800)- 15.300 $740,100 $793,200 Liabilities & Stockholders' Equity Current Liabilities Accounts payable Accrued expenses payable Taxes payable Current portion, mortgage payable Total Current Liabilities $ 9,200 4,150 12,150 13,500 $ 39,000 $ 12,200 4,900 15,500 11,200 $ 43,800 Long-Term Liabilities Mortgage payable Total Liabilities $423,800 $462,800 $412,300 $456,100 Stockholders' Equity Capital stock Retained earnings Total Stockholders' Equity Total Liabilities & Stockholders' Equity $125,200 161,000 $286,200 $749,000 $145,200 191.900 $337,100 $793,200

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

1 Over the past decade, there has been a strong positive correlation between teacher salaries and...

Advance Math
Q

Discuss the needs of at least three stakeholders involved in the project. In doing this you...

General Management
Q

Martinez company's relevant range of production is 7,500 units to 12,500 units. When it produces and...

Accounting
Q

A ring of radius R with a uniformly distributed charge q as shown in figure...

Physics
Q

Eyeglassomatic manufactures eyeglasses for different retailers They test to see how many defective lenses they...

Statistics
Q

For a monopolistic competitor: Multiple Choice P=MR in long.run equilibrium. P> ATC in iong-run equilibrium....

Accounting
Q

jammal is employed in the manufacturing industry by alpha inc., a canadian public corporation. he...

Accounting
Q

11 P. Chang & Co. intercambi terrenos y $8400 en efectivo por equipos....

Accounting
Q

In September direct labor was 40% of conversion cost. If the manufacturing overhead for the...

Accounting
Q

Assuming a starting point of a 1:1 relationship, state the effect of the following transactions...

Accounting
Q

Q2) An engineer is thinking of starting a part-time consulting business next September 5,on his...

Accounting
Q

Which of the following is least likely to qualify for intellectual property protection? Select an...

Finance