dear tutor, please answer the required solutions. Thank you so much. Chapter_13.pdf - Foxit ReaderE3FileHomeCommentFill & SignViewFormProtectShareHelpO Tell me what you want to do..a FindChapter 13.pdf- Merge and split PDFS 2Start3. Common-size balance sheet. The balance sheet data of South Corporationand North Corporation at December 31, 2012 are shown below (in thousand ofpesos):NorthSouthASSETSCurrent AssetsP51,0005,00048.000P240,000280,000Long-term investmentsLand, Building and equipment (net)Intangible assetsOther assets520,000100,0006,0005.00060.000Total assets115,0001,200,000LIABILITIES ANDSTOCKHOLDER'S EQUITYCurrent liabilitiesP15,00025.0005,0005,000180,000300.00070,000100,000200,000Long-term liabilitiesDeferred revenuesPreferred stockCommon stockAdditional paid-in capitalRetained eamings30,00025,00010.00185,000165.000Total liabilities and shareholder'sequity115.0001,200,000Required:1. Prepare a comparative common-size balance sheet for South Corporation andNorth Corporation.2. Based on your prepared common-size balance sheet, which company isbetter, financial position wise? Why?113/ 3971.75%

This question deals with the preparation of common size balance sheet. This type of statement is…

3. Common-size balance sheet. The balance sheet data of South Corporation and North Corporation at December 31. 2012 are shown below (in thousand of pesos): North South ASSETS Current Assets Long-term investments Land, Building and equipment (net) Intangible assets Other assets 51,000 5,000 48,000 6.000 5.0 00 240,000 280,000 520,000 100.000 60.0 00 Total assets 115.000 1200.00 LIABILITIES AND STOCKHOLDER'S EQUITY Current liabilities P 15.000 25. 000 5.000 5,000 180,000 300.0 00 70,000 100,000 200,000 Long-term liabilities Deferred revenues Preferred stock Common stock Additional paid-in capital Retained eamings 30.000 25,000 10.00 185,000 165.0 00 Total liabilities and shareholder's equity 115.000 1.200.000 Required: 1. Prepare a comparative common-size balance sheet for South Corporation and North Corporation. 2. Based on your prepared common-size balance sheet, which company is better, financial position wise? Why?

3. Common-size balance sheet. The balance sheet data of South Corporation and North Corporation at December 31. 2012 are shown below (in thousand of pesos): North South ASSETS Current Assets Long-term investments Land, Building and equipment (net) Intangible assets Other assets 51,000 5,000 48,000 6.000 5.0 00 240,000 280,000 520,000 100.000 60.0 00 Total assets 115.000 1200.00 LIABILITIES AND STOCKHOLDER'S EQUITY Current liabilities P 15.000 25. 000 5.000 5,000 180,000 300.0 00 70,000 100,000 200,000 Long-term liabilities Deferred revenues Preferred stock Common stock Additional paid-in capital Retained eamings 30.000 25,000 10.00 185,000 165.0 00 Total liabilities and shareholder's equity 115.000 1.200.000 Required: 1. Prepare a comparative common-size balance sheet for South Corporation and North Corporation. 2. Based on your prepared common-size balance sheet, which company is better, financial position wise? Why?

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter24: Analysis Of Financial Statements

Section: Chapter Questions

Problem 5CE

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