Question 1 Not yet answered Marked out of 20.00 Flag question uncate Philinnina. The December 31,...
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Question 1 Not yet answered Marked out of 20.00 Flag question uncate Philinnina. The December 31, 2020 Statement of Financial Position of Trend, Inc. is presented below: Amounts indicated by question Marks (?) can be calculated from the additional information given: Liabilities and Shareholders' Equity Assets Cash P 25,000 Accounts Payable ? 1 Accounts Receivable ? Income Tax Payable 25,000 Inventory ? Long-term Liability ? Property. Plant & Equipment 294,000 Ordinary Shares 300,000 Retained Earnings ? Total Assets P 432,000 Total Liabilities and Share holders' Equity? Additional information: Current ratio Total Liabilities to total Shareholders' Equity Inventory Turnover based on Sales and End. Invty. Inventory Turnover based on Cost of Sales & End. Invty. Gross Profit How much is Accounts Payable? 1.5 to 1 0.80 15 times 10.5 times P 315,000 etary Policy & Central Banking (WED/PM0230530) /JRC-FM 21 (WED/PM0230530) SEMI FINAL TERM / Semi-final Quiz 1 and Quiz 2 ] Not yet answered Marked out of 20.00 Question 2 How much is Retained Earnings? O a. P 60,000 O b. P 130,000 Flag question O c. P (60,000) Previous page O d. P 132,000 FM21 Semi-final Lecture Notes Jump to... = CO pps S Troubleshooting Gu... New Zimbra Link auchiefslms.com/college/mod/quiz/attempt.php?attempt=179417&cmid=130254&page=2 Electronics & Appli... Samsung Care SMS UltimateCSR NEW L... M Samsung - Medallia... ces.concentrix.c Arellano University - College JRC - Monetary Policy & Central Banking (WED/PM0230530) Dashboard / My courses JRC FM 21 (WED/PM0230530) SEMI FINAL TERM Semi-final Quiz 1 and Quiz 2 Quiz navigation 1 2 3 4 5 Finish attempt... Question 3 What was the balance in the inventory account as of December 31, 2020? Not yet answered Marked out of 20.00 O a. P 132,000 O b. P 70,000 Flag question Oc. P 138,000 Previous page O d. P 135,000 FM21 Semi-final Lecture Notes Jump to... Chooting Gu... New Zimbra Link Electronics & Appli... Samsung Care SMS UltimateCSR NEW L... M Samsung - Medallia... ces.concentrix.com Workday cnx Samsun ersity - College auchiefslms.com/college/mod/quiz/attempt.php?attempt 179417&cmid=130254&page=3 onetary Policy & Central Banking (WED/PM0230530) ourses/ JRC FM 21 (WED/PM0230530) / SEMI FINAL TERM / Semi-final Quiz 1 and Quiz 2 S Question 4 Not yet answered What was the balance of Accounts Receivable as of December 31, 2020? O a. P 138,000 Marked out of 20.00 O b. P 70,000 Flag question O c. P 43,000 Previous page O d. P 34,000 FM21 Semi-final Lecture Notes Jump to... 13 0 Pro cebook x in Semi-final Quiz 1 and Quiz 2 (pa x auchiefslms.com/college/mod/quiz/attempt.php?attempt=179417&cmid=130254&page=4 S Troubleshooting Gu... New Zimbra Link S Electronics & Appli.... Samsung Care SMS UltimateCSR NEW L... M Samsung Medallia... ces.concentrix.com Workday cnx ellano University - College - Monetary Policy & Central Banking (WED/PM0230530) oard My courses /JRC FM 21 (WED/PM0230530) SEMI FINAL TERM / Semi-final Quiz 1 and Quiz 2 navigation 2 3 4 5 attempt... Question 5 The balance of Long-Term Liability as of December 31, 2020 is? Not yet answered Marked out of 20.00 O a. P 230,000 O b. P 300,000 Flag question Oc. P 100,000 Previous page O d. P 192,000 FM21 Semi-final Lecture Notes Jump to... Question 1 Not yet answered Marked out of 20.00 Flag question uncate Philinnina. The December 31, 2020 Statement of Financial Position of Trend, Inc. is presented below: Amounts indicated by question Marks (?) can be calculated from the additional information given: Liabilities and Shareholders' Equity Assets Cash P 25,000 Accounts Payable ? 1 Accounts Receivable ? Income Tax Payable 25,000 Inventory ? Long-term Liability ? Property. Plant & Equipment 294,000 Ordinary Shares 300,000 Retained Earnings ? Total Assets P 432,000 Total Liabilities and Share holders' Equity? Additional information: Current ratio Total Liabilities to total Shareholders' Equity Inventory Turnover based on Sales and End. Invty. Inventory Turnover based on Cost of Sales & End. Invty. Gross Profit How much is Accounts Payable? 1.5 to 1 0.80 15 times 10.5 times P 315,000 etary Policy & Central Banking (WED/PM0230530) /JRC-FM 21 (WED/PM0230530) SEMI FINAL TERM / Semi-final Quiz 1 and Quiz 2 ] Not yet answered Marked out of 20.00 Question 2 How much is Retained Earnings? O a. P 60,000 O b. P 130,000 Flag question O c. P (60,000) Previous page O d. P 132,000 FM21 Semi-final Lecture Notes Jump to... = CO pps S Troubleshooting Gu... New Zimbra Link auchiefslms.com/college/mod/quiz/attempt.php?attempt=179417&cmid=130254&page=2 Electronics & Appli... Samsung Care SMS UltimateCSR NEW L... M Samsung - Medallia... ces.concentrix.c Arellano University - College JRC - Monetary Policy & Central Banking (WED/PM0230530) Dashboard / My courses JRC FM 21 (WED/PM0230530) SEMI FINAL TERM Semi-final Quiz 1 and Quiz 2 Quiz navigation 1 2 3 4 5 Finish attempt... Question 3 What was the balance in the inventory account as of December 31, 2020? Not yet answered Marked out of 20.00 O a. P 132,000 O b. P 70,000 Flag question Oc. P 138,000 Previous page O d. P 135,000 FM21 Semi-final Lecture Notes Jump to... Chooting Gu... New Zimbra Link Electronics & Appli... Samsung Care SMS UltimateCSR NEW L... M Samsung - Medallia... ces.concentrix.com Workday cnx Samsun ersity - College auchiefslms.com/college/mod/quiz/attempt.php?attempt 179417&cmid=130254&page=3 onetary Policy & Central Banking (WED/PM0230530) ourses/ JRC FM 21 (WED/PM0230530) / SEMI FINAL TERM / Semi-final Quiz 1 and Quiz 2 S Question 4 Not yet answered What was the balance of Accounts Receivable as of December 31, 2020? O a. P 138,000 Marked out of 20.00 O b. P 70,000 Flag question O c. P 43,000 Previous page O d. P 34,000 FM21 Semi-final Lecture Notes Jump to... 13 0 Pro cebook x in Semi-final Quiz 1 and Quiz 2 (pa x auchiefslms.com/college/mod/quiz/attempt.php?attempt=179417&cmid=130254&page=4 S Troubleshooting Gu... New Zimbra Link S Electronics & Appli.... Samsung Care SMS UltimateCSR NEW L... M Samsung Medallia... ces.concentrix.com Workday cnx ellano University - College - Monetary Policy & Central Banking (WED/PM0230530) oard My courses /JRC FM 21 (WED/PM0230530) SEMI FINAL TERM / Semi-final Quiz 1 and Quiz 2 navigation 2 3 4 5 attempt... Question 5 The balance of Long-Term Liability as of December 31, 2020 is? Not yet answered Marked out of 20.00 O a. P 230,000 O b. P 300,000 Flag question Oc. P 100,000 Previous page O d. P 192,000 FM21 Semi-final Lecture Notes Jump to...
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Related Book For
Intermediate Accounting Volume 1
ISBN: 978-1119496496
12th Canadian edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Irene M. Wiecek, Bruce J. McConomy
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