Presented below is selected information related to Santos Company at December 31, 2011. Santos reports financial information
Question:
(a) Determine the total assets of Santos Company at December 31, 2011.
(b) Determine the net income that Santos Company reported for December 2011.
(c) Determine the equity of Santos Company at December 31,2011.
Transcribed Image Text:
Accounts Payable Cash Advertising Expense Service Revenue Equipment RS16.500 25.000 0.5000 13.500 7.500 R5 3.000 Salaries Expense 7,000 Note Payable 6.000 Rent Expense 54.000 Accounts Receivable 29.000 Dividends
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 83% (12 reviews)
a The total assets are R 49500 comprised of Cash R 7000 Account...View the full answer
Answered By
Ali Khawaja
my expertise are as follows: financial accounting : - journal entries - financial statements including balance sheet, profit & loss account, cash flow statement & statement of changes in equity -consolidated statement of financial position. -ratio analysis -depreciation methods -accounting concepts -understanding and application of all international financial reporting standards (ifrs) -international accounting standards (ias) -etc business analysis : -business strategy -strategic choices -business processes -e-business -e-marketing -project management -finance -hrm financial management : -project appraisal -capital budgeting -net present value (npv) -internal rate of return (irr) -net present value(npv) -payback period -strategic position -strategic choices -information technology -project management -finance -human resource management auditing: -internal audit -external audit -substantive procedures -analytic procedures -designing and assessment of internal controls -developing the flow charts & data flow diagrams -audit reports -engagement letter -materiality economics: -micro -macro -game theory -econometric -mathematical application in economics -empirical macroeconomics -international trade -international political economy -monetary theory and policy -public economics ,business law, and all regarding commerce
4.00+
1+ Reviews
10+ Question Solved
Related Book For
Financial accounting
ISBN: 978-1118285909
IFRS Edition
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel
Question Posted:
Students also viewed these Accounting questions
-
Presented below is selected information related to Bonita Electronics' inventory. HDTV- 42" HDTV- TV (per unit) 50" Stand Historical cost $437 $312 $62 Selling price 561 342 82 Cost to sell 32 16 2...
-
Presented below is selected information related to Matt Perry Inc. as of December 21, 2012. All these items have debit balances. Cable television franchises .........Film contract rights Music...
-
Presented below is selected information related to Broadway Company at December 31, 2010. Broadway reports financial information monthly. (a) Determine the total assets of Broadway Company at...
-
A data analyst decided to do all design work from home and wants to create a home office. The analyst needs a new computer for $1,900 and printer/scanner for $250. A vendor offers a financing option...
-
Compare paging with segmentation with respect to the amount of memory required by the address translation structures in order to convert virtual addresses to physical addresses.
-
Replace the force system acting on the post by a resultant force, and specify where its line of action intersects the post AB measured from pointA. 0.5 m B. 500 N 1m 250 N 0.2 m 30 1m 300 N 1m
-
Solve Example 7.15 using the maximum strain criterion instead of the maximum stress criterion. See Problem 7.23, for additional information. Problem 7.23 Solve Example 7.15 using the Tsai-Hill...
-
Two-dimensional, steady-state conduction occurs in a hollow cylindrical solid of thermal conductivity k = 16 W/m K, outer radius ro = 1 m, and overall length 2zo = 5 m, where the origin of the...
-
Assume the zero-coupon yields on default-free securities are as summarized in the following table: Maturity 1 year 2 years 3 years 4 years 5 years Zero-Coupon Yields 3.20% 3.60% 3.80% 4.00% 4.20%...
-
1- Distinguish between vulnerability, threat and control 2- Theft usually results in some kind of harm. For example, if someone steals your car, you may suffer financial loss, inconvenience (by...
-
Why is it important for IT auditors to know about the legal environment of IS?
-
An analysis of the transactions made by S. Moses & Co., a certified public accounting firm, for the month of August is shown below. Each increase and decrease in equity is explained. Instructions (a)...
-
Cyber Queen Services manager must decide whether to hire a new employee or to outsource some of the web design work to Kai Yu, a freelance graphic designer. If she hires a new employee, she will pay...
-
Implementing a Company's Strategic Sustainability Plan debate the difficulty of establishing a sustainable supply chain operation while maintaining a balanced triple bottom line. Consider how you...
-
Couzen's Company's cost structure is dominated by variable costs with a contribution margin ratio of 0.26 and fixed costs of $508,500. Every dollar of sales contributes 26 cents toward fixed costs...
-
Official coding guidelines are used to ensure accurate coding practices, and coders find it necessary to consistently refer to them when assigning codes to justify medical necessity and to report...
-
Does leadership come with age or experience? Does better judgment come with age or experience? Does a 23-year-old with 1000 hours of flight time have better judgment than a 50-year-old with 10? Can...
-
Are dividends on preferred shares considered fixed payments or variable payments? Can different companies handle this differently? Why or why not?
-
Two doctorsan old doctor and a young doctorwere discussing an interesting case. The young doctor is the son of the older doctor, but the older doctor is not the father of the younger doctor. How can...
-
Medi-Exam Health Services, Inc. (MEHS), located in a major metropolitan area, provides annual physical screening examinations, including a routine physical, EKG, and blood and urine tests. MEUS's...
-
What is structured systems design?
-
What is the distinction between comparability and consistency?
-
Stallman Company took a physical inventory on December 31 and determined that goods costing $200,000 were on hand. Not included in the physical count were $25,000 of goods purchased from Pelzer...
-
Contrast the advantages and disadvantages of the direct and indirect methods of preparing the statement of cash flows. Are both methods acceptable? Which method is preferred by the FASB? Which method...
-
4.5. Multiplication in GF(24): Compute A(x)-B(x) mod P(x) in GF(24) using the irreducible polynomial P(x) = x++x+1. What is the influence of the choice of the reduction polynomial on the computation?...
-
Write a C++ program that calculates the volume of a cylinder. Define appropriate variables for the diameter and the height of the cylinder. Assuming the units of these variables are in inches,...
-
a. Show the d and values that result from running breadth-first search on the directed graph of Fig 1, using vertex A as the source. (Ascending Order) b. Show the d, f and values that result from...
Study smarter with the SolutionInn App