Pinta Company purchased 40% of Snuggie Corporation on January 1, 20y4 for P150,000. Snuggie Corporation's balance sheet at the time of acquisition was as follows: Cash Accounts Receivable Inventory Land Buildings & Equipment Less: Acc. Depreciation Total Assets P30,000 Current Liabilities Bonds Payable 120,000 80,000 Common Stock 150,000 300,000 Additional Paid in Capital Retained Earnings (120,000) P560,000 Total Liabilities and Equities P 40,000 200,000 200,000 40,000 80,000 P560,000 During 20y4, Snuggie Corporation reported net income of P30,000 and paid dividends of P9,000. The fair values of Snuggie's assets and liabilities were equal to their book values at the date of acquisition, with the exception of Building and Equipment, which had a fair value of P35,000 above book value. All buildings and equipment had a remaining useful life of five years at the time of the acquisition. The amount attributed to goodwill as a result of the acquisition in not impaired

PE.17-03B Current Position Analysis The following items are reported on a company's balance sheet: Cash Marketable securities Accounts receivable (net) Inventory Accounts payable Determine (a) the current ratio and (b) the quick ratio. Round your answers to one decimal place. a. Current ratio $210,000 120,000 110,000 160,000 200,000 b. Quick ratio

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9. What is the capital balance of Tak at December 31, 20x2? 28 A a. P180,000 b. P170,000 c. P165,000 d. Not given SIXOS mot and 100 to stile si 10. What is the capital balance of Gu at December 31, 20x2? a. P220,000 b. P215,000 c. P200,000 d. Not given 007 0902 3 nevig Vo ordub juongoro att mi to side odd ei four we 17 000.08 I s 000.079 000/03/1 8

Under US GAAP ABC Company has provided the following information related to its investment in marketable equity securities: MARKETABLE VALUES COST. YEAR 2 YEAR 1 Trading $150,000. $155,000. $100,000 Available for sale $150,000. 130,000. $120,000 Based on the above information provided, what amount should ABC Company report in earnings Year 2?

d. mutual agency for stockholders 20. Stockholders' equity a. is usually equal to cash on hand b. is shown on the income statement c. includes paid-in capital and liabilities d. includes retained earnings and paid-in capita blec bise

Question 10 of 25 Based on the following data, what is the amount of working capital? Accounts payable Accounts receivable Cash Intangible assets Inventory Long-term investments Long-term liabilities Short-term investments Notes payable (short-term) Property, plant, and equipment Prepaid insurance $404240 O $411680 > O $458800 $79360 141360 86800 124000 171120 198400 248000 99200 69440 1661600 2480

2) Calculate the change in Working Capital given the following:               2021                                                                2020     A/R     240      A/P      185                  A/R     255      A/P      165 INV     210      Int/P    145                  INV     225      Int/P    155   W/C 2021                                           W/C 2020   Change in Working Capital  =

EB12. LO 5.3 Using the following Balance Sheet summary information, calculate for the two years presented: A. working capital B. current ratio Current assets Current liabilities 12/31/2018 $366,500 120,000 12/31/2019 $132,000 141,500

Financial statement analysis 2. Given below are the summarized accounts of Belper Ltd for the past five years. These the basis for the questions which follow. Summarized profit and loss accounts of Belper Ltd Sales Cost of sales Trading profit Depreciation Interest Net profit before tax Taxation Net profit after tax Extraordinary items Dividends Retained profits Retained at start of year Retained at end of year Fixed assets Freehold land and buildings Leasehold land and buildings Plant and machinery Total gross fixed assets Depreciation freehold Depreciation leasehold Depreciation plant, etc. Total depreciation Net fixed assets Intangible fixed assets Goodwill Investments Patents and trade marks Current assets Stock Debtors Bank and cash Current liabilities Creditors Taxation Dividends Bank loans and overdraft 19X4 Net current assets £000 Financed by Ordinary share capital Share premium account Retained profits Revaluation reserves 93,930 81,750 12,180 1,023 2,727 8,430 2,517 5,913…