Assets Current assets Property, plant and equipment (net) Other fixed assets Total assets Liabilities and owner's equity Current liabilities Long-term liabilities Owner's equity Total liabilities and owner's equity Instruction: 2019 $ 2020 $ Absolute Change $ 76,000 80,000 _(1)_ 99,000 90,000 (3)__ 25,000 40,000 (5) 200,000 210,000___(7)_ 40,800 48,000 (9)_ 143,000 150,000 _(11)_ 16,200 12,000 (13) 200,000 210,000___(15) Relative Change % (2). _(4)_ (6) _(8)_ (10) (12) _(14)_ (16) Prepare a horizontal analysis of the balance sheet data for Roadway Corporation using 2019 as a base.
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G.228.
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- PROBLEM C Kygo Corp. provided the following data on December 31, 2020: December 31, 2019 December 31, 2020 Current assets P1,605,750 P1,316,715 Property, plant, and equipment 864,900 600,000 Land Current liabilities Non-current liabilities 250,000 Additional information is as follows: · Total assets as of December 31, 2019 amounted to P2,970,650 while total liabilities are equal to 68% of the total assets. • As of December 31, 2019, working capital of the Company amounted to P65,000. It increased to P80,000 as of December 31, 2020. · Additional piece of land costing P350,000 was purchased during 2020. · Total revenues amounted to P524,392 while total expenses amounted to P195,000 in 2020. • There were no other changes in the equity during 2020 other than the net income or net loss. Question 36 Total noncurrent liabilities of Kygo Corp. as of December 31, 2019 amounts to?PROBLEM 1 BHEVERLYNN CORPORATIONSTATEMENTS OF FINANCIAL POSITIONAS AT MARCH 31,2021 AND 2020 (in peso)2021 2020 ASSETS Noncurrent AssetsProperty, Plant and equipment 1,125,000 742,000 Intangible assets 320,000 150,000 Financial asset at amortized cost 289,600 294,000 Investment in associate 144,000 120,000 Total noncurrent Assets 1,878,600 1,306,000 Current AssetsInventories 390,000 237,000 Prepaid expenses 23,000 15,000 Trade receivables 284,000 319,000 Financial assets at fair value through profit or loss (FVPL) 175,000 325,000 Temporary investments 148,000 46,000 Cash 54,000 102,000 Total current assets 1,074,000 1,044,000TOTAL ASSETS 2,952,600 2,350,000 EQUITY AND LIABILITIES Equity Share capital – P1 ordinary shares 550,000 400,000 Share premium 300,000 100,000 Revaluation surplus 130,000 60,000 Retained earnings 321,000 264,000 Retained earnings appropriated 250,000 100,000 Treasury shares (17,500) (25,000) Total equity 1,533,600 899,000 Noncurrent Liabilities Long-term loans…2019 (Rs. In Thousands) 2020 Assets Freehold Property at Cost 66 48 Plant and machinery (cost less depreciation) 41.6 121 Inventories 60.7 65.7 Sundry Debtors 40.2 49.5 Cash and bank 18.5 33.6 Preliminary Expenses 2.4 1.2 229.4 319 Liabilities Issued Share capital 120 150 Share Premium Account - 10 Capital Reserve - 34 Profit and Loss Account 43 42.4 Sundry Creditors 54.4 65.2 Proposed Dividends 12 17 229.4 319 There is no sale for plant and machinery in year 2020. Depreciation written off during year 2020 was Rs. 15000. Net Profit for the year was Rs. 16,400. dividend paid during 2020 in respect of previous year was Rs. 12,000 . Capital reserve represented a profit on sale of freehold premises. You need to prepare: (i) a Statement showing Changes of Working Capital during 2020; and (ii) A Funds Flow Statement for the same period.
- Analyzing Fixed Assets Pitt reported the following information for 2018 and 2019: Required: Compute Pitts fixed asset turnover ratio and the average age of its fixed assets. ( Note: Round all answers to two decimal places.)An extract of the Asset Register of Ace Pty Ltd (“Ace”) for the 2018 - 2019 Income year isshown as follows:Asset Cost OpeningAdjustableValueMethod EffectiveLifeDecline inValue forThis PeriodClosingAdjustableValuePrinter 1,200 1,200 DiminishingValue3 years 400 800Desks 3,000 2,400 Prime Cost 10 years 300 2,100Appliances 2,600 1,040 Prime Cost 5 years 520 520All depreciable assets are 100% for business use and Ace uses a low-value pool for all eligibleassets. The closing value of the low-value pool at 30 June 2019 was $8,000. Ace purchased a camera on 20 Jan 2020 for $840.Advise Ace of the Income Tax consequences arising out of the above information for the 2019 - 2020 Income year assuming Ace is not a small business entity.Required: Compute for the following: Gain or loss on sale of Asset P Total depreciation expense for 2021 Adjusted cost of PPE as of Dec. 31, 2021 Carrying amount of PPE as of Dec. 31, 2021
- Classified Balance Sheet: Identify each of the following elements as a Current Asset (CA), Property, Plant & Equipment (PPE), Current Liability (CL), or Long-Term Liability (LTL) Cash ________ Sales Tax Payable ________ Machinery ________ Note Payable (due in 2029) ________ Accumulated Depreciation ________ Salaries Payable ________Balance sheet extracts as at 31/12/2019 & 31/12/2020 2019(RO) 2020(RO) Current assets Inventories 6500 4500 Account receivables 3400 5300 Prepaid Expenses 1220 1550 Current liabilities Account payables 4320 3450 Expense payables 3100 4700 The operating profit for 2020 was RO 22500 and the depreciation for the year was RO7650 The profit on sale of fixed assets RO 4200 . Amortisation of intangible assets OMR 550. Calculate cash flow from operating activity2018 2019 Assets: Current assets 45% P550,000 10% Long-term investments Fixed assets (net) Intangible assets Total Assets 200,500 25% 30% 50,000 P1,211,500 Liabilities Current liabilities 20% Long-term liabilities Total liabilities P200,800 200,000. P400,800 100,000 ? Owner's Equity P869,200 60% Total liabilities and equity ?
- Use the following data to determine the total dollar amount of assets to be classified as long-term investments. Ace Supply Company Balance Sheet December 31, 2025 Cash Accounts receivable Inventory Short-term investments Land (held for future use) Land Buildings Less: Accumulated depreciation (60,000) Franchise Total assets O $255,000 O $0 $339,000 O $465,000 O $585.000 $ 126,000 120,000 210,000 90.000 255.000 285,000 210.000 $1.575.000 Accounts payable Salaries and wages payable Note payable (due 2028) Total liabilities Common stock Retained: earnings Total stockholders' equity Total liabilities and stockholders' equity 279,000 $ 165,000 30,000 270.000 465,000 360,000 750,000 1.110.000 $1.575.000XNM Bhd prepared its profit & loss statement and financial position statement as at December 31, 2020 as follows; XNM Bhd Statement of Financial Position As at 31 December 2020 2020 2019 ASSETS RM RM Property, plant and equipment (PPE) 154,000 130,000 Accumulated depreciation – (PPE) (35,000) (25,000) Cash 6,000 9,000 Accounts receivable 62,000 49,000 Short-term investments (Available for sale) 35,000 18,000 Inventories 40,000 60,000 Prepaid rent 5,000 4,000 Copy right 46,000 50,000 Total assets 313,000 295,000 EQUITY AND LIABILITIES Ordinary shares 130,000 130,000 Retained earnings 57,000 36,000 Note payable 8,000 10,000 Long-term loans 60,000 67,000 Interest payable 46,000 42,000 Salaries payable 8,000 4,000 Income tax payable 4,000 6,000 Total liabilities and equity 313,000 295,000 XNM Bhd Statement…The following are extracts from the financial statements of Captus Ltd. As at 31 March: 2021 2020 Sh.’000’ Sh.’000’ Sh.’000’ Sh.’000’ Fixed assets: Goodwill Freehold land and building Plant and machinery (NBV) Investment at cost Current assets: Stocks Accounts receivable Investments Cash at hand and bank Current liabilities Bank overdraft Accounts payable Proposed dividends Taxation Net current assets 15% debentures Capital and reserves: Authorised, issued and paid Sh.10 Ordinary shares Share premium Revaluation reserve Retained profit 10,050 6,140 1,710 200 18,100 (2,390) (5,850) (450) (820) (9,510) 2,800 16,800 5,860 3,600 29,060 8,590 37,650 (7,500) 30,150 18,000 1,500 4,500 6,150 8,700 7,800 840 430 17,770 (6,540) (5,250) (380) (600) (12,770) 2,900 12,000 6,350 3,750 25,000 5,000 30,000 (9,000) 21,000 15,000 750 -…