The following information, based on the 12/31/2021 Annual Report to Shareholders of Krafty Foods ($ in millions): Accounts payable Accounts receivable (net) Accrued liabilities Cash and cash equivalents Cost of goods sold Other current payables Current portion of long-term debt Other long-term liabilities Retained earnings as of 12/31/2021 Goodwill and other intangible assets (net) Salaries expense Interest and other debt expense, net Inventories Long-term debt Long-term notes payable Marketing, general and administration expenses Operating revenues Other current assets Other noncurrent assets Other shareholders' equity Common stock Property, plant and equipment (net) Short-term borrowings 1,897 3,131 4,105 162 17,531 1,652 540 10,311 2,391 35,957 1,565 1,437 3,026 8,134 5,000 11,460 33,875 687 3,726 (2,568) 23,655 9,109 681

The following information, based on the 12/31/2021 Annual Report to Shareholders of Krafty Foods ($ in millions): Accounts payable Accounts receivable (net) Accrued liabilities Cash and cash equivalents Cost of goods sold Other current payables Current portion of long-term debt Other long-term liabilities Retained earnings as of 12/31/2021 Goodwill and other intangible assets (net) Salaries expense Interest and other debt expense, net Inventories Long-term debt Long-term notes payable Marketing, general and administration expenses Operating revenues Other current assets Other noncurrent assets Other shareholders' equity Common stock Property, plant and equipment (net) Short-term borrowings 1,897 3,131 4,105 162 17,531 1,652 540 10,311 2,391 35,957 1,565 1,437 3,026 8,134 5,000 11,460 33,875 687 3,726 (2,568) 23,655 9,109 681

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Description: Please do not give solution in image format thanku The following information, based on the 12/31/2021 Annual Report to Shareholders of Krafty Foods ($ in millions):Accounts payableAccounts receivable (net)Accrued liabilitiesCash and cash equivalentsC

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 19BEA

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The following information, based on the 12/31/2021 Annual Report to Shareholders of Krafty Foods ($ in millions): Accounts payable 2,697 Accounts receivable (net) 3,931 Accrued liabilities 4,905 Cash and cash equivalents 242 Cost of goods sold 18,331 Other current payables 2,452 Current portion of long-term debt 620 Other long-term liabilities 11,111 Retained earnings as of 12/31/2021 3,191 Goodwill and other intangible assets (net) 38,357 Salaries expense 2,365 Interest and other debt expense, net 2,237 Inventories 3,826 Long-term debt 8,934 Long-term notes payable 5,800 Marketing, general and administration expenses 12,260 Operating revenues 37,875 Other current assets 767 Other noncurrent assets 4,526 Other shareholders’ equity (3,368 ) Common stock 24,455 Property, plant and equipment (net) 9,909 Short-term borrowings 761…
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Presented below are a number of balance sheet items for Tamarisk, Inc. for the current year, 2020. Goodwill Payroll Taxes Payable Bonds payable Discount on bonds payable Cash Land Notes receivable Notes payable (to banks) Accounts payable Retained earnings Income taxes receivable Notes payable (long-term) $ 128,190 Accumulated Depreciation-Equipment 180,781 Inventory 303,190 Rent payable (short-term) Income taxes payable Rent payable (long-term) Common stock, $1 par value Preferred stock, $10 par value Prepaid expenses Equipment Debt investments (trading) Accumulated Depreciation-Buildings Buildings 15,170 363,190 483,190 448,890 268,190 493,190 ? 100,820 1,603,190 $ 292,170 242,990 48,190 101,552 483,190 203,190 153,190 91,110 1,473,190 124,190 270,370 1,643,190 Prepare a classified balance sheet in good form. Common stock authorized was 400,000 shares, and preferred stock authorized was 20,000 shares. Assume that notes receivable and notes payable are short-term, unless stated…
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The following information pertains to Luna Company as at September 30, 2020:a. Notes payable – bank, P35,000b. Accounts payable arising from purchase of goods, P1,125,000c. Dividends in arrears on preference shares, not yet declared, P250,000d. Income tax payable, P134,000e. Accrued liabilities, P42,000f. Mortgage payable, P2,250,000g. Customers’ deposits, P89,000h. Reserve for contingencies, P250,000What is the total amount of liabilities that should be reported on Luna's statement of financial position as at September 30, 2020?
The current sections of Flint Corporation's balance sheets at December 31, 2021 and 2022, are presented here. Flint Corporation's net income for 2022 was $215,900. Depreciation expense was $35,700. Current assets Cash Accounts receivable Inventory Prepaid expenses Total current assets Current liabilities Accrued expenses payable Accounts payable Total current liabilities 2022 $52,700 eTextbook and Media 72,250 66,300 14,450 $205,700 $5,100 74,800 $79,900 2021 Adjustments to reconcile net income to $75,650 58,650 52,700 16,150 $203,150 Prepare the net cash provided by operating activities section of the company's statement of cash flows for the year ended December 31, 2022, using the indirect method. (Show amounts that decrease cash flow with either a-sign e.g. -15,000 or in parenthesis e.g. (15,000).) $ 13,600 61,200 $74,800 Flint Corporation Partial Statement of Cash Flows $
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