These are selected account balances on December 31, 2014.Land $100,000Land (held for future use) 150,000Buildings 800,000Inventory 200,000Equipment 450,000Furniture 100,000Accumulated Depreciation 300,000 What is the total amount of property, plant, and equipment that will appear on the balance sheet?


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Use the following data to determine the total dollar amount of assets to be classified as current assets.Koonce Office SuppliesBalance SheetDecember 31, 2014Cash $ 130,000 Accounts payable $ 140,000Accounts receivable 100,000 Salaries and wages payable 20,000Inventory 110,000 Mortgage payable 160,000Prepaid insurance 60,000 Total liabilities $320,000Stock investments 170,000 Land 180,000 Buildings $210,000 Common stock $240,000Less: Accumulated Retained earnings 500,000 depreciation (40,000) 170,000 Total stockholders" equity $740,000Trademarks 140,000 Total liabilities and Total assets $1,060,000 stockholders" equity $1,060,000
Use the following data to determine the total amount of working capital.Koonce Office SuppliesBalance SheetDecember 31, 2014Cash $ 130,000 Accounts payable $ 140,000Accounts receivable 100,000 Salaries and wages payable 20,000Inventory 110,000 Mortgage payable 160,000Prepaid insurance 60,000 Total liabilities $320,000Stock investments 170,000 Land 180,000 Buildings $210,000 Common stock $240,000Less: Accumulated Retained earnings 500,000 depreciation (40,000) 170,000 Total stockholders" equity $740,000Trademarks 140,000 Total liabilities and Total assets $1,060,000 stockholders" equity $1,060,000
Use the following data to calculate the current ratio.Koonce Office SuppliesBalance SheetDecember 31, 2014Cash $ 130,000 Accounts payable $ 140,000Accounts receivable 100,000 Salaries and wages payable 20,000Inventory 110,000 Mortgage payable 160,000Prepaid insurance 60,000 Total liabilities $320,000Stock investments 170,000 Land 180,000 Buildings $210,000 Common stock $240,000Less: Accumulated Retained earnings 500,000 depreciation (40,000) 170,000 Total stockholders" equity $740,000Trademarks 140,000 Total liabilities and Total assets $1,060,000 stockholders" equity $1,060,000
N3 Corporation has assets of $3,000,000, common stock of $780,000, and retained earnings of $475,000. What are the creditors" claims on their assets?
The following information is available for Bradshaw Corporation and Newell Corporation: Bradshaw Corporation Newell Corporation(in millions) 2014 2013 2014 2013Preferred dividends 25 10 0 30Net income 500 480 490 520Shares outstanding at the end of the year 200 180 150 200Shares outstanding at the beginning of the year 180 150 200 220Based on this information, what is the amount of Bradshaw"s earnings per share (rounded to two decimals) for 2014?
McKinney Corporation had beginning retained earnings of $2,242,000 and ending retained earnings of $2,499,000. During the year they issued common stock totaling $141,000. No dividends were paid. What was their net income for the year?
Jamal Company began the year with $84,000 in its Common Stock account and a debit balance in Retained Earnings of $36,000. During the year, the company earned net income of $18,000 and declared and paid $6,000 of dividends. In addition, the company sold additional common stock amounting to $22,000. Based on this information, what should the transaction analysis show for the ending total of all stockholders" equity accounts?
Crawford Company started the year with $30,000 in its Common Stock account and a credit balance in Retained Earnings of $22,000. During the year, the company earned net income of $24,000 and declared and paid $10,000 of dividends. In addition, the company sold additional common stock amounting to $14,000. As a result, the amount of its retained earnings at the end of the year would be
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Introduction to Managerial Accounting with Connect Plus5th EditionEric W. Noreen, Peter C. Brewer, Ray H Garrison


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