GrawIn 2021, Hope Company Incurred sales on account of $120,000. The company also has the following Information:14DecemberDecember31, 202131, 2020$ 25,500 $ 58,000$ 47,000Accounts ReceivableAccounts Payable$ 70,000eBookWhat Is the amount of cash recelved from customers for Hope Company In 2021?Multiple Choice$102,500$120,000$127,400$152,500Mc< Prev14 of 2P Type here to search99+ The following Information pertalns to Alpha Computing at the end of 2021:13Assets$965,000Liabilities$510,000Net Income$225,000$315,000Common StockeBookAlpha Computing's Retalned Earnings account had a zero balance at the beginning of 2021, What amount of dividends did the company declare In 2021?Multiple Choice$86.000$87,000$88,000$85,000Graw< Prev13 of 25Next >O Type here to search%2399+CF1F2F3F4F5F6F7F8F9团近O O O

Name: GrawIn 2021, Hope Company Incurred sales on account of $120,000. The
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Description: GrawIn 2021, Hope Company Incurred sales on account of $120,000. The company also has the following Information:14DecemberDecember31, 202131, 2020$ 25,500 $ 58,000$ 47,000Accounts ReceivableAccounts Payable$ 70,000eBookWhat Is the amount of cash rec

In the first question the correct answer is D. $152500

Business

Accounting

In 2021, Hope Company Incurred sales on account of $120,000. The company also has the following Information: 14 December December 31, 2021 31, 2020 $ 25,500 $ 58,000 $ 70,000 $ 47,000 Accounts Receivable Accounts Payable eBook What Is the amount of cash recelved from customers for Hope Company In 2021? Multiple Choice $102,500 $120,000 27400וש $152,500

In 2021, Hope Company Incurred sales on account of $120,000. The company also has the following Information: 14 December December 31, 2021 31, 2020 $ 25,500 $ 58,000 $ 70,000 $ 47,000 Accounts Receivable Accounts Payable eBook What Is the amount of cash recelved from customers for Hope Company In 2021? Multiple Choice $102,500 $120,000 27400וש $152,500

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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The following information pertains to Alpha Computing at the end of 2021: Assets $ 1,000,000 Liabilities $ 472,500 Net Income $ 227,500 Common Stock $ 400,000 Alpha Computing's Retained Earnings account had a zero balance at the beginning of 2021. What amount of dividends did the company declare in 2021? Multiple Choice $101,000 $102,000 $103,000 $100,000
ine following intormation pertains tO Alpha Computing at the ena of 2021: Assets $957,500 $452,500 $270,000 $330,000 Liabilities Net Income Common Stock Alpha Computing's Retained Earnings account had a zero balance at the beginning of 2021. What amount of dividends did the company declare 2021? Multiple Choice $96,000 $97,000 $98,000 $95.000
Logan Company's comparative Balance Sheet at December 31, 2021 reports the nts following (in millions): 2021 2020 Total Assets 85 60 Total Liabilities 55 45 During 2021, Logan Company earned net income in the amount of $14 million and issued $8 million of common stock. Calculate the amount of dividends that Logan Company-should report in its 2021 Statement of Stockholders' Equity? $5 million O $3 million $2 million $7 million None of the above.
Based on the given data, what is the returns for Company JFC? Company Dec. 30, 2020 Dec. 29, 2019 Dividends Returns (%) AC 395.00 301.00 5.00 JFC 88.90 55.00 2.50 O a. 66.18% Ob. 19.19% Oc. 32.89% d. 26.80%
Paulson Company had the following on the dates indicated:12/31/18 12/31/17Total assetsTotal liabilities$ 530,00036,000$ 350,00023,000Paulson had no stock transactions in 2018, so the change in stockholders’ equity for 2018 wasdue to net income and dividends. If dividends were $75,000, how much was Paulson’s netincome for 2018? Use the accounting equation and the statement of retained earnings.a. $92,000b. $242,000c. $167,000d. $317,000
The changes in account balances for Allen Inc. for 2021 are as follows: Assets 260,000 debit Common stock 160,000 credit Liabilities 66,000 credit Paid-in capital-excess of par 22,000 credit Assuming the only changes in retained earnings in 2021 were for net income and a $39,000 dividend, what was net income for 2021? Multiple Choice • S27,000. • $22,000. • 551,000. • $12,000. %24
Help Save & Exit The changes in account balances for Elder Company for 2021 are as follows: Assets Common stock Liabilities Paid-in capital-excess of par $480,000 debit 250,000 credit 160,000 credit 30,000 credit Assuming the only changes in retained earnings in 2021 were for net income and a $50,0o00 dividend, what was net income for 2021? Multiple Choice $60,000. $70,000. $40,000. Next > 27 of 39
Hancock Company reported the following account balancesat December 31, 2027:Sales revenue $97,000Dividends. $11,000Supplies 13,000Accounts payable 41,000Patent $59,000Building Common stock.. $27,000Insurance expense .... $31,000Notes payable .. $39,000Income tax expense $42,000Cash . . $19,000Repair expense ?Copyright $20,000Equipment $14,000Utilities payable. $22,000Inventory $64,000Retained earnings. .. $87,000 (at Jan. 1, 2027)Interest revenue $55,000Cost of goods sold ..... .. $37,000Accumulated depreciation .... $23,000 $34,000Accounts receivable ? Trademark. ... $51,000Calculate the total intangible assets reported in HancockCompany's December 31, 2027 balance sheet. The following additional information is available:1) The note payable listed above was a 4- year bank loan taken out on September 1, 2024.2) The total P - P - E at Dec. 31, 2027 was equal to 75% of the total current liabilities at Dec. 31, 2027. ՄԴ S
(Figures in $ millions) Assets 2021 2022 Liabilities and Shareholders' Equity 2021 2022 Current assets $ 310 $ 420 Current liabilities $ 210 $ 240 Net fixed assets 1,200 1,420 Long-term debt 830 920 Required: a&b. What was shareholders’ equity at the end of 2021 and 2022? c. If Newble paid dividends of $100 million in 2022 and made no stock issues, what must have been net income during the year? d. If Newble purchased $300 million in fixed assets during 2022, what must have been the depreciation charge on the income statement? e. What was the change in net working capital between 2021 and 2022? f. If Newble issued $200 million of new long-term debt, how much debt must have been paid off during the year
Presented below are data for XYZ Corp. Assets, January 1 Liabilities, January 1 Stockholders' Equity, Jan. 1 Dividends Common Stock, Dec. 31 2023 2024 4,560 ? ? 2,736 2 2,750 570 646 608 650 Stockholders' Equity, Dec. 31 ? 2,266 Net Income 684 Net income for 2024 is O $484 loss. O $162 loss O $162 income. O $120 income. $484 income. $120 loss.
The stockholders' equity of Diakovsky Company at the beginning and end of 2021 totaled $119,000 and $136,000, respectively. Assets at the beginning of 2021 were $143,000. If the liabilities of Diakovsky Company increased by $66,000 in 2021, how much were total assets at the end of 2021? Use the accounting equation. OA. $213,000 OB. $209,000 OC. $226,000 O D. $60,000
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