Advanced Accounting
14th Edition
ISBN: 9781260247824
Author: Joe Ben Hoyle, Thomas F. Schaefer, Timothy S. Doupnik
Publisher: RENT MCG
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Question
Chapter 4, Problem 18P
To determine
Identify the appropriate answer for the given statement from the given choices.
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Students have asked these similar questions
16. The total dollar amount ofassets to be classified as current assets is
a. $110.000
b. $375.000
s. $560.000
d. $810.000
17. The total dollar amount ofassets to be classified as property, plant, and equipment is
a. $400.000
b. $450.000
c. $500.000
d. $635.000
18. The total dollar amount ofassets to be classified as non-curent assets is
a. $375.000
b. $450.000
s. $725.000
d. $140.000
The consolidated net income for 20x4 will be:
A. 106,000
B.112,000
C. 120,000
D. 130,000
A. $60,000 B. $58,240 C. $50,824 D. $40,000
Chapter 4 Solutions
Advanced Accounting
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Similar questions
- If current assets are $100,000 and current liabilities are $42,000, what is the working capital? A. 200 percent B. 50 percent C. 2.0 D. $58,000arrow_forwardhow arrived Purchase of fixed assets (10,20,000)arrow_forwardA.P75,000 and P 75,000 B.P 135,000 and P 135,000 C.P 210, 000 and P 75,000 D.P 135,000 and P 210,000arrow_forward
- I. Non-cash assets amounted toa. P125,000b. P140,000c. P130.000d. P145,000arrow_forwardWhat amount should be reported as depreciation expense in Pirn’s consolidated income statements? a. 50,000 b. 47,000 c. 44,000 d. 41,000arrow_forwardIf current assets are $100,000 and current liabilities are $42,000, what is the working capital?A. 200 percentB. 50 percentC. 2.0D. $58,000arrow_forward
- Cash Flow Asset End of year Amount Appropriate Required Return D 1 through 5 $1,500 12% 6 $8,500 By using cell references to the given datea and the function PV, Calculate the value of asset D.arrow_forwardWhat is the loss on realization of noncash assets? a. 632,000 b. 875,000 c. 855,000 d. 612,000arrow_forwardAssets 2001 2000 Cash 7,282 9,000 Short term investment 0 48,600 Acc. Receivable 632,160 351,200 Inventories 1,287,360 715,200 Total current assets 1,926,802 1,124,000 Fixed Assets Plant & Equipment 1,202,950 491,000 Less: Acc dep 263,160 146,200 939,790 344,800 Total assets 2,866,592 1,468,800 Liabilities & Equities Current liability A/c Payable 524,160 145,600 Notes payable 720,000 200,000 Accruals 489,600 136,000 total Current liability 1,733,760 481,600 Long-term debt 1,000,000 323,432 Common Stock 460,000 460,000 Retained Earning -327,168 203,768 1,132,832 987,200 Total equities 2,866,592 1,468,800 Income Statement Sales 5,834,400 3,432,000 Cost of Goods Sold 5,728,000 2,864,000 Other expense 680,000 340,000 dep 116,960 18,900…arrow_forward
- HOW MUCH SHOULD BE PRESENTED AS " TRADE AND OTHER RECEIVABLES" UNDER CURRENT ASSETS? This will be the choices: a. 1,125,000 b. 1,290,000 c. 1,600,000 d. 775,000arrow_forwardThe capitalized cost of machine P is closest to:a. $-35,405b. $-97,840c. $-354,050d. $-708,095arrow_forwardInformation on four investment proposals is given below:Investment ProposalA B C DInvestment required ........................ $(90,000) $(100,000) $(70,000) $(120,000)Present value of cash inflows ......... 126,000 138,000 105,000 160,000Net present value ............................ $ 36,000 $ 38,000 $ 35,000 $ 40,000Life of the project ............................ 5 years 7 years 6 years 6 yearsRequired:1. Compute the project profitability index for each investment proposal.2. Rank the proposals in terms of preference.arrow_forward
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