Chapter 1, Problem 1.10E

Financial statement items Identify each of the following items as (a) an asset, (h) a liability, (c) revenue, (d) an expense, or (e) a dividend:

Following is a list of balance sheet accounts for Branman Co. as of December 31, 2018. Solve, a. Classify each of the following accounts as an asset, liability, or net worth. b. What is the balance in the Retained Earnings account if the data forms a valid balance sheet?

Indicate the financial statement on which each of the following items appears. Use I for income statement, E for statement of retained earnings and B for Balance Sheet

ndicate whether the following items would appear on the income statement, balance sheet, or retained earnings statement. a. Service Revenue   select a financial statement                                                              b. Utilities Expense   select a financial statement                                                              c. Cash   select a financial statement                                                              d. Accounts Payable   select a financial statement                                                              e. Supplies   select a financial statement                                                              f. Salaries Expense   select a financial statement                                                              g. Accounts Receivable   select a financial statement                                                              h. Retained Earnings (ending)   select a financial statement…

6. RequiredState whether each item is reported:1. in the statement of financial position2. in profit or loss in the statement of profit or loss and other comprehensive income3. as other comprehensive income in the statement of profit or loss and other comprehensive income4. in the statement of changes in equity5. in the notes to the financial statements.Item How item shown in financial statements(a) loss on revaluation of availablefor-sale investments(b) finance expenses(c) aggregate dividends declared and paid during the year(d) revaluation loss on building (not reversing any previous revaluation)(e) allowance for doubtful debts(f) transfer from retained earnings to general reserve(g) contractual commitments under an operating lease(h) deferred tax liability

For each ofthe following accounts, identify whether that item is an asset, liability, or equity account.a. Bonds payableb. Equipmentc. Accounts payabled. Salaries payablee. Common stockf. Retained earningsg. Cashh. Accounts receivablei. Sales revenuej. Inventory

A) Calculate the total Current Assets, Total Assets, Total Liabilities and Equity, Gross profit, Operating Profit, Earning before Taxes, Taxes and Net Income after Tax on the Balance Sheet and Income statement below (rows highlighted in yellow) B) Calculate the percentage of each line item under Assets to the Total Assets, each line item under Liabilities and Equity to the total Liabilities and Equity, and Cost of Goods Sold, SG&A and Interest Expense to Revenue (blue boxes)

Show income statement , Retained earnings statement , Statement of financial position. Service Revenue = 131720

Use the following information from XYZ Company's balance sheet to answer the next six questions: Assets a. b. c. d. a. b. 30. C. d. Cash........ Marketable Securities Accounts Receivable Inventory........ Property and Equipment. Accumulated Depreciation. Total Assets a. b. c. d. Liabilities and Stockholders' Equity Accounts Payable. Notes Payable (current). Mortgage Payable (long-term). Bonds Payable (long-term). Common Stock, $50 Par.. The average number of common stock shares outstanding during the year was 840 shares. Net earnings for the year were $6,300. 25. XYZ's current ratio is 6.0 to 1. 5.5 to 1. 26. XYZ's quick (acid-test) ratio is 4.0 to 1. 4.5 to 1. 3.5 to 1. 3.0 to 1. Paid-in Capital in Excess of Par......... Retained Earnings............ Total Liabilities, and Stockholders' Equity 4.0 to 1. 4.5 to 1. ***** 27. XYZ's earnings per share is $7.50 per share. $7.00 per share. $0.13 per share. $6,300 per share. 28. XYZ's return on assets is a. 6.9% b. 7.9% C. 14.6% d. 23.4% 29.…