Income Statement For the Year Ended December 31, 2012 Sales. $1,800,000 A Less cost of goods sold. Gross margin.. Less operating expenses. Net operating income Less interest expense .. $900,000 B $45,000 D E F Net income before taxes.. Less income taxes (40%) Net income Balance Sheet December 31, 2012 January 1, 2012 Current assets: Cash Accounts receivable, net. $160.000 Inventory. . $280,000 Total current assets.. E Debt-to-equity ratio E Earnings per share E Return on total assets 0.875 to 1 Plant and equipment, net Total assets. 4 $4.05 5 $1,200,000 14% $250,000 6 Current liabilities (b) All sales during the year were on account. (c) The interest expense on the income statement relates to the bonds pay- able; the amount of bonds outstanding did not change throughout the Bonds payable, 10%.. Total liabilities Stockholder's equity. 81 year. Common stock, $2.50 par value. Retained earnings Total stockholders' equity 19 (d) There were no issues or retirements of common stock during the year. 10 Required: Compute the missing amounts on the company's financial statements. Total liabilities and stockholders'equity 5] Income Statement: The following additional information is available about the company: A B D E (a) Selected financial ratios computed from the preceding statements are given as follows: 8 Current ratio E Quick (acid-test) ratio Z Average collection period O Inventory turnover Balance Sheet: 2.40 to 1 1.12 to 1 2 4 6 10 24.3333 days 6.0 times

Can you give me an example of intra-equity asset transactions? How do you account for intra-equity asset transactions in consolidated financial statements

Which of the following overall accounting concepts has a number of exceptions under GAAP?  a) Historical cost b) Transaction basis c) Conservatism d) Accrual accounting

Which of the following are Assets, Liabilities, EquityAccounts PayableCommon StockBonds PayableFurniture and FixturesInventoryInterest PayableDividentsAdditional paid-in-capitalPatents and copyrightsShort-term investments

Define share captial of a company.

Please do not give solution in image format ?

Define each of the following terms:d. Securities and Exchange Commission (SEC); registration statement; shelfregistration; margin requirement; insiders

[The following information applies to the questions displayed below.] Jaguar Plastics Company has been operating for three years. At December 31 of last year, the accounting records reflected the following: Cash Investments (short-term) Accounts receivable Inventory Notes receivable (long-term) Equipment Factory building Operating lease right-of-use assets Intangible assets $26,000 Accounts payable 3,000 Accrued liabilities payable 3,900 Notes payable (current) 29,000 Notes payable (noncurrent) 2,900 Long-term lease liabilities 59,000 Common stock 91,000 Additional paid-in capital 145,000 Retained earnings 3,500 $22,000 2,900 7,100 41,000 63,000 10, 100 90,900 126,300 During the current year, the company had the following summarized activities: a. Purchased short-term investments for $7,800 cash. b. Lent $5,500 to a supplier, who signed a two-year note. c. Leased equipment that cost $22,000; paid $4,300 cash and signed a five-year right-of-use lease for the balance. d. Hired a new…