Based on the following statements, fill in blanks (show the process). Stock information: On Dec. 31, stock
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Based on the following statements, fill in blanks (show the process).
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Net Sales -Cost of goods sold Gross margin -Selling expenses Total assets Erika Corporation Income Statement for the year ended Dec. 31, 2022 -Administration expenses Operating Income before tax -Interest expense Income before tax Assets Cash Marketable securities Accounts receivable -Tax expense Net Income Inventory Prepaid expense Current Assets Property, plant and equipment Other assets Long-term assets (a Erika Corporation Balance Sheet Dec 31, 2022 (1) 4,000 7,000 22,000 24,000 60,000 100,000 $200.000 000 $500,000 300.000 (a) 100,000 (b) (c) (d) 10,000 6,000 $24,000 Liabilities and stockholders equity Accounts payable Notes payable Income taxes payable Current liabilities Bonds payable Total liabilities Common stock Retained earings Stockholders' equity Total liabilities and stockholders' equity $12,000 6,000 (h) 000' (1) (3) 30,000 80,000 120,000 (1) Net Sales -Cost of goods sold Gross margin -Selling expenses Total assets Erika Corporation Income Statement for the year ended Dec. 31, 2022 -Administration expenses Operating Income before tax -Interest expense Income before tax Assets Cash Marketable securities Accounts receivable -Tax expense Net Income Inventory Prepaid expense Current Assets Property, plant and equipment Other assets Long-term assets (a Erika Corporation Balance Sheet Dec 31, 2022 (1) 4,000 7,000 22,000 24,000 60,000 100,000 $200.000 000 $500,000 300.000 (a) 100,000 (b) (c) (d) 10,000 6,000 $24,000 Liabilities and stockholders equity Accounts payable Notes payable Income taxes payable Current liabilities Bonds payable Total liabilities Common stock Retained earings Stockholders' equity Total liabilities and stockholders' equity $12,000 6,000 (h) 000' (1) (3) 30,000 80,000 120,000 (1) Net Sales -Cost of goods sold Gross margin -Selling expenses Total assets Erika Corporation Income Statement for the year ended Dec. 31, 2022 -Administration expenses Operating Income before tax -Interest expense Income before tax Assets Cash Marketable securities Accounts receivable -Tax expense Net Income Inventory Prepaid expense Current Assets Property, plant and equipment Other assets Long-term assets (a Erika Corporation Balance Sheet Dec 31, 2022 (1) 4,000 7,000 22,000 24,000 60,000 100,000 $200.000 000 $500,000 300.000 (a) 100,000 (b) (c) (d) 10,000 6,000 $24,000 Liabilities and stockholders equity Accounts payable Notes payable Income taxes payable Current liabilities Bonds payable Total liabilities Common stock Retained earings Stockholders' equity Total liabilities and stockholders' equity $12,000 6,000 (h) 000' (1) (3) 30,000 80,000 120,000 (1) Net Sales -Cost of goods sold Gross margin -Selling expenses Total assets Erika Corporation Income Statement for the year ended Dec. 31, 2022 -Administration expenses Operating Income before tax -Interest expense Income before tax Assets Cash Marketable securities Accounts receivable -Tax expense Net Income Inventory Prepaid expense Current Assets Property, plant and equipment Other assets Long-term assets (a Erika Corporation Balance Sheet Dec 31, 2022 (1) 4,000 7,000 22,000 24,000 60,000 100,000 $200.000 000 $500,000 300.000 (a) 100,000 (b) (c) (d) 10,000 6,000 $24,000 Liabilities and stockholders equity Accounts payable Notes payable Income taxes payable Current liabilities Bonds payable Total liabilities Common stock Retained earings Stockholders' equity Total liabilities and stockholders' equity $12,000 6,000 (h) 000' (1) (3) 30,000 80,000 120,000 (1)
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Related Book For
Advanced Financial Accounting
ISBN: 978-0137030385
6th edition
Authors: Thomas Beechy, Umashanker Trivedi, Kenneth MacAulay
Posted Date:
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