FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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2014
201
Lease expen se
55.00
55.00
Plant & Equipment
5,170.00
4,910.00
Long term debt
3,220.00
3,122.00
Common stock
1,550.00
1,300.00
Addition al paid in capital
572.00
542.00
Accumulated depreciation
170.00
136.00
Land
350.00
270.00
Accounts Payable
380.00
300.00
Notes payable
25.00
44.00
Other current liabilities
242.00
211.00
Depreciation expense
34.00
30.00
Selling and G&A expenses
765.00
632.00
Sales
6,000.00
4,250.00
Cost of goods sold
3,300.00
2,550.00
Fixed expenses
100.00
100.00
Interest expense
130.00
110.00
Cash
121.00
80.00
Accounts receivable
370.00
347.00
Inventory
925.00
752.00
Retained earnings
758.00
723.00
Taxrate
35%
35%
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Transcribed Image Text:2014 201 Lease expen se 55.00 55.00 Plant & Equipment 5,170.00 4,910.00 Long term debt 3,220.00 3,122.00 Common stock 1,550.00 1,300.00 Addition al paid in capital 572.00 542.00 Accumulated depreciation 170.00 136.00 Land 350.00 270.00 Accounts Payable 380.00 300.00 Notes payable 25.00 44.00 Other current liabilities 242.00 211.00 Depreciation expense 34.00 30.00 Selling and G&A expenses 765.00 632.00 Sales 6,000.00 4,250.00 Cost of goods sold 3,300.00 2,550.00 Fixed expenses 100.00 100.00 Interest expense 130.00 110.00 Cash 121.00 80.00 Accounts receivable 370.00 347.00 Inventory 925.00 752.00 Retained earnings 758.00 723.00 Taxrate 35% 35%
e) None of the above
16- The common size balance sheet for the year 2013 shows total assets of: *
a) $6,223
b) $6,766
O C) S7,322
Od 100%
e) None of the above
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Transcribed Image Text:e) None of the above 16- The common size balance sheet for the year 2013 shows total assets of: * a) $6,223 b) $6,766 O C) S7,322 Od 100% e) None of the above
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