Prepare a 2018 balance sheet for Rogers Corporation based on the followinginformation: Cash = $360,000; Patents and copyrights = $670,000; Accounts payable=$350,000; Accounts receivable $149,000; Tangible net fixed assets = $3,700,000;Inventory $285,000; Notes payable= $170,000; Accumulated retained earnings =$1,235,000; Long-term debt = $1,930,000. What is the common stock account balance.for the company?Multiple Choice$1,881,000$1,724,000$1,819,00024476000

Common Stock Account Balance = Total Assets - Total Liabilities - Retained Earnings

Answered: Prepare a 2018 balance sheet for Rogers…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

See similar textbooks

Similar questions

Prepare a 2021 balance sheet for Willis Corporation based on the following information: Cash = $128,000; Patents and copyrights = $630,000; Accounts payable = $210,500; Accounts receivable = $100,000; Tangible net fixed assets = $1,620,000; Inventory = $293,500; Notes payable = $165,000; Accumulated retained earnings = $1,276,000; Long-term debt = $846,000. (Be sure to list the accounts in order of their liquidity. Do not round intermediate calculations.)
Prepare a 2018 balance sheet for Rogers Corp. based on the following information: Cash $420,000; Patents and copyrights = $800,000; Accounts payable = $490,000; Accounts receivable = $149,000; Tangible net fixed assets = $4,000,000; Inventory = $195,000; Notes payable = $180,000; Accumulated retained earnings = $1,245,000; Long-term debt = $1,530,000. What is the common stock account balance for the company? =
Prepare a 2020 balance sheet for Jarrow Corp. based on the following information: cash = $135,000; patents and copyrights = $630,000; accounts payable = $214,500; accounts receivable = $110,000; tangible net fixed assets = $1,640,000; inventory = $297,000; notes payable = $140,000; accumulated retained earnings = $1,262,000; long-term debt = $853,000. (Do not round intermediate calculations. Be sure to list the accounts in order of their liquidity.)
Prepare a 2021 balance sheet for Willis Corporation based on the following information: Cash = $138,000 Patents and copyrights = $630,000 Accounts payable = $216,500 Accounts receivable = $160,000 Tangible net fixed assets = $1,645,000 Inventory = $298,500 Notes payable = $155,000 Accumulated retained earnings = $1,256,000 Long-term debt = $856,000. (Be sure to list the accounts in order of their liquidity. Do not round intermediate calculations. Terms: Accounts payable, Accounts receivable, Accumulated cash retained earnings, Cash, Common stock, Intangible net fixed assets, Inventory, Long-term debt, Notes Payable, Notes Receivable, Tangible net fixed assets.
Prepare a balance sheet for Alaskan Peach Corporation as of December 31, 2022, based on the following information: cash = $206,000; patents and copyrights = $860,000; accounts payable = $283,000; accounts receivable = $266,000; tangible net fixed assets = $5,230,000; inventory = $551,000; notes payable = $176,000; accumulated retained earnings = $4,716,000; long-term debt = $1,120,000.
Prepare a balance sheet for Alaskan Peach Corporation as of December 31, 2022, based on the following information: cash = $199,000; patents and copyrights = $853,000; accounts payable = $290,000; accounts receivable = $259,000; tangible net fixed assets = $5,160,000; inventory = $544,000; notes payable = $183,000; accumulated retained earnings = $4,646,000; long-term debt = $1,190,000. Note: Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32. Cash Accounts receivable Inventory Total assets Current assets Intangible net fixed assets Tangible net fixed assets Accounts payable Notes payable Balance Sheet Current liabilities Long-term debt Assets Liabilities Total liabilities Accumulated retained earnings Common stock Total liabilities & owners' equity $ 199,000 259,000 544,000
Prepare a balance sheet for Alaskan Peach Corporation as of December 31, 2022, based on the following information: cash = $201,000; patents and copyrights = $855,000; accounts payable = $288,000; accounts receivable = $261,000; tangible net fixed assets = $5,180,000; inventory = $546,000; notes payable = $181,000; accumulated retained earnings = $4,666,000; long-term debt = $1,170,000. Note: Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32. Current assets Total assets Current liabilities Total liabilities Balance Sheet Assets Liabilities Total liabilities & owners' equity
Jackson Co. has the following balance sheet as of December 31, 2020. Current assets P600,000 Fixed assets 400,000 Total assets P1,000,000 Accounts payable P100,000 Accrued liabilities 100,000 Notes payable 100,000 Long-term debt 300,000 Total common equity 400,000 Total liabilities and equity P1,000,000 In 2020, the company reported sales of P5 million, net income of P100,000, and dividends of P60,000. The company anticipates its sales will increase 20 percent in 2021 and its dividend payout will remain at 60 percent. Assume the company is at full capacity, so its assets and spontaneous liabilities will increase proportionately with an increase in sales. Assume the company uses the AFN formula and all additional funds needed (AFN) will come from issuing new long-term debt. Given its forecast, how much long-term debt will the company have to issue in 2021?
The Davidson Corporation's balance sheet and income statement are provided here. Davidson Corporation: Balance Sheet as of December 31, 2018 (Millions of Dollars) Assets Liabilities and Equity Cash and equivalents $ 15 Accounts payable $ 100 Accounts receivable 515 Accruals 220 Inventories 830 Notes payable 230 Total current assets $ 1,360 Total current liabilities $ 550 Net plant and equipment 2,550 Long-term bonds 1,500 Total liabilities $ 2,050 Common stock (100 million shares) 260 Retained earnings $ 1,600 Common equity $ 1,860 Total assets $ 3,910 Total liabilities and equity $ 3,910 Davidson Corporation: Income Statement for Year Ending December 31, 2018 (Millions of Dollars) Sales $ 6,000 Operating costs excluding depreciation and amortization 3,780 EBITDA $ 2,220 Depreciation and amortization 420 EBIT $ 1,800 Interest 164 EBT $ 1,636 Taxes…
Prepare a balance sheet for Alaskan Peach Corporation as of December 31, 2022, based on the following information: $193,000; patents and copyrights = $847,000; accounts payable = $296,000; accounts receivable = $ cash $189,000; accumulated 253,000; tangible net fixed assets = $5,100,000; inventory = $538,000; notes payable retained earnings = $4,586, 000; long-term debt = $1,250,000. = =
The Murdock Corporation reported the following balance sheet data for 2021 and 2020: 2021 2020 Cash $ 77,375 $ 22,955 Available-for-sale debt securities (not cash equivalents) 15,500 85,000 Accounts receivable 80,000 68,250 Inventory 165,000 145,000 Prepaid insurance 1,500 2,000 Land, buildings, and equipment 1,250,000 1,125,000 Accumulated depreciation (610,000 ) (572,000 ) Total assets $ 979,375 $ 876,205 Accounts payable $ 76,340 $ 148,670 Salaries payable 20,000 24,500 Notes payable (current) 25,000 75,000 Bonds payable 200,000 0 Common stock 300,000 300,000 Retained earnings 358,035 328,035 Total liabilities and shareholders' equity $ 979,375 $ 876,205 Additional information for 2021:(1) Sold available-for-sale debt securities costing $69,500 for $74,000.(2) Equipment costing $20,000 with a book value of…
The following December 31, 2024, fiscal year-end account balance information is available for the Stonebridge Corporation: Cash and cash equivalents Accounts receivable (net) $ 6,300 33,000 73,000 Inventory Property, plant, and equipment (net) 185,000 Accounts payable 52,000 Salaries payable Paid-in capital 24,000 165,000 The only asset not listed is short-term investments. The only liabilities not listed are $43,000 notes payable due in two years and related accrued interest payable of $1,000 due in four months. The current ratio at year-end is 1.5:1. Required: Determine the following at December 31, 2024: 1. Total current assets 2. Short-term investments 3. Retained earnings

SEE MORE QUESTIONS

Recommended textbooks for you

Essentials Of Investments

Finance

ISBN:

9781260013924

Author:

Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:

Mcgraw-hill Education,

FUNDAMENTALS OF CORPORATE FINANCE

Finance

ISBN:

9781260013962

Author:

BREALEY

Publisher:

RENT MCG

Financial Management: Theory & Practice

Finance

ISBN:

9781337909730

Author:

Brigham

Publisher:

Cengage

Essentials Of Investments

Finance

ISBN:

9781260013924

Author:

Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:

Mcgraw-hill Education,

FUNDAMENTALS OF CORPORATE FINANCE

Finance

ISBN:

9781260013962

Author:

BREALEY

Publisher:

RENT MCG

Financial Management: Theory & Practice

Finance

ISBN:

9781337909730

Author:

Brigham

Publisher:

Cengage

Foundations Of Finance

Finance

ISBN:

9780134897264

Author:

KEOWN, Arthur J., Martin, John D., PETTY, J. William

Publisher:

Pearson,

Fundamentals of Financial Management (MindTap Cou…

Finance

ISBN:

9781337395250

Author:

Eugene F. Brigham, Joel F. Houston

Publisher:

Cengage Learning

Corporate Finance (The Mcgraw-hill/Irwin Series i…

Finance

ISBN:

9780077861759

Author:

Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor

Publisher:

McGraw-Hill Education

SEE MORE TEXTBOOKS