Something free essay sample

Resource and Liability issues: The data introduced here speaks to chosen information from the December 31, 2010, asset reports and pay articulations for the year at that point finished for three firms. Figure 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 pay for 2010_________91,000116,000 Dividends announced 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 announced 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 fiscal reports on December 31, 2010. We will compose a custom paper test on Something or on the other hand any comparable point explicitly for you Don't WasteYour Time Recruit WRITER Just 13.90/page Accept that all asset report things reflect account adjusts at December 31, 2010, and that all pay proclamation things reflect exercises that happened during the year at that point finished. ___________________ Interest cost $ 9,000 Paid-in capital 80,000 Amassed 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 complete resources at December 31, 2010. All out resources $ __________ c) Calculate the profit from activities (working salary) for the year finished December 31, 2010. Working salary $ __________ (d) Calculate the net gain (or deficit) for the year finished December 31, 2010. Net lossNet salary $ ___________ (e) What was the normal personal duty rate for Garys TV for 2010? (Round your response to 2 decimal spots. ) Average personal assessment rate ________ % (f) If $129,000 of profits had been pronounced and paid during the year, what was the January 1, 2010, equalization of held income? Held profi t $ ________