Rutgers e-Terminal Ltd. is a private corporation wholly owned by Mr. Adonis Rutgers. Mr. Rutgers also personally owns 40% of the common shares of a company named Princeton Corp. A further 20% of the Princeton common shares are held by Rutgers e-Terminal Ltd. The bookkeeper for Rutgers e-Terminal prepared the following SFP: RUTGERS E-TERMINAL LTD. Financial Situation. For the year ending 31 December 20X3 Short-Term Assets Cash on hand Cash in the Royal Dominion chequing account Overdraft in the ScotiaTrust chequing account Accounts receivable (includes credit balances of $30,000) Automobile held for resale, fully depreciated (estimated market value, $18,000) Supplies on hand, at cost Inventory, at cost (estimated market value, $38,200) Final month's rent on office space (lease expires in 20X7) Investment in shares of subsidiary (market value, $166,000) $ 1,600 16,800 -20,800 55,800 18,000 5,000 45,900 11,000 146,000 $279.300

Grier & Associates maintains its records on the cash basis. You have been engaged to convert its cash basis income statement to the accrual basis. The cash basis income statement, along with additional information, follows: Grier & Associates Income Statement (Cash Basis) For the Year Ended December 31, 2025 Cash receipts from customers                                                                                                                      $425,000 Cash payments:                Salaries and wages                                                                                           $170,000                Income taxes                                                                                                          65,000                Insurance                                                                                                                40,000                Interest…

During the current year, Royal Industries sold treasury stock for $32,000 cash. The treasury stock was purchased last year for $28,000. The company also issued bonds payable for $430,000 cash and declared and paid dividends of $40,000. What amount did Royal report on its statement of cash flows for cash provided by financing activities? O $390,000 O $394,000 O $422,000 O $434,000

As of 31 Jan 2018, PT D. has balances in the following Balance Sheet accounts (partial accounts only): Cash (USD 100) = IDR 14,000 Accounts Receivable (USD 5,000) = IDR 70,000,000 Accounts Payable (USD 2,000) = IDR 28,000,000 Paid-in Capital (IDR 1,000,000) = IDR 13,999,000,000 (according to the deed). If on 28 Feb 2018 the exchange rate of 1 USD = 14,500, -, and the USD balance of each of these accounts has not changed, make a journal for each of these accounts on 28 Feb 2018 Question: The Cash Revaluation Journal is.......a. Dr. Cash 50,000 Cr. Difference in Exchange 50,000b. Dr. Cash 1,450,000 Cr. Loss on Foreign Exchange 50,000 Cr. Cash 1,400,000c. Dr. Loss on Foreign Exchange 50,000 Cr. Cash 50,000d. Dr. Cash 1,400,000 Dr. Difference in Exchange 50,000 Cr. Cash 1,450,000