Something free essay sample

Resource and Liability issues: The data introduced here speaks to chosen information from the December 31, 2010, accounting reports and salary proclamations for the year at that point finished for three firms. Ascertain the missing sums for each firm. Firm AFirm BFirm C Total resources, 12/31/10$401,000 $531,000$334,000 Total liabilities, 12/31/10222,000 143,000___________ Paid-in capital, 12/31/1085,000[pic]42,000 Retained profit, 12/31/10[pic]319,000___________ Net salary for 2010_________91,000116,000 Dividends proclaimed and paid during 201050,00012,00062,000 Retained income, 1/1/1079,000_________35,000 [pic] Calculate the missing sums for each firm. Firm AFirm BFirm C Total resources, 12/31/10________$261,000$312,000 Total liabilities, 12/31/1048,000114,000123,000 Paid-in capital, 12/31/1033,00035,40084,000 Retained profit, 12/31/10_______111,600 Â 105000 Net pay for 201040,800 66,000 Â 48,600 Dividends proclaimed and paid during 20107,200 ________â 16,800 Â Â Â Retained income, 1/1/1030,000 Â 74,400 Â _________â [pic] Garys TV had the accompanying records and sums in its budget reports on December 31, 2010. We will compose a custom exposition test on Something or on the other hand any comparative theme explicitly for you Don't WasteYour Time Recruit WRITER Just 13.90/page Accept that all monetary record things reflect account adjusts at December 31, 2010, and that all pay explanation things reflect exercises that happened during the year at that point finished. ___________________ Interest cost $ 9,000 Paid-in capital 80,000 Gathered deterioration 6,000 Notes payable (long haul) 280,000 Rent cost 16,000 Merchandise stock 164,000 Accounts receivable 48,000 Depreciation cost 3,000 Land 35,000 Retained profit 225,000 Cash 36,000 Cost of products sold 394,000 Equipment 18,000 Income charge cost 60,000 Accounts payable 26,000 Sales income 620,000 __________________________________________________ (b) Calculate the all out resources at December 31, 2010. Absolute resources $ __________ c) Calculate the profit from tasks (working salary) for the year finished December 31, 2010. Working pay $ __________ (d) Calculate the net gain (or shortfall) for the year finished December 31, 2010. Net lossNet salary $ ___________ (e) What was the normal annual duty rate for Garys TV for 2010? (Round your response to 2 decimal spots. ) Average annual assessment rate ________ % (f) If $129,000 of profits had been announced and paid during the year, what was the January 1, 2010, equalization of held income? Held income $ ______ __