Business, 15.02.2021 19:50 Kiki18love
(Algo) Preparing an Income Statement, Statement of Stockholders' Equity, and Balance Sheet LO1-1 Skip to question [The following information applies to the questions displayed below.] Assume that you are the president of Highlight Construction Company. At the end of the first year of operations (December 31), the following financial data for the company are available:.Cash $ 25,600 Receivables from customers (all considered collectible) 10,800 Inventory of merchandise (based on physical count and priced at cost) 81,000 Equipment owned, at cost less used portion 42,000 Accounts payable owed to suppliers 46,140 Salary payable for 2014 (on December 31, 2014, this was owed to an employee 2,520 who was away because of an emergency; will return around January 10, 2015, at which time the payment will be made) Total sales revenue 128,400 Expenses, including the cost of the merchandise sold (excluding income taxes) 80,200 Income taxes expense at 30% × pretax income; all paid during 2014 ? Common stock (December 31, 2014) 87,000 Dividends declared and paid during 2014 10,000 (Note: The beginning balances in Common stock and Retained earnings are zero because it is the first year of operations.)Required:Prepare a summarized income statement for the year 2014.
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Business, 21.06.2019 23:30
You are frustrated to find that the only way to contact the customer service department is to make a phone call. the number listed would result in long distance charges to your phone bill. which issue should be addressed by the company to keep its crm in line with your expectations?
Answers: 2
Business, 22.06.2019 17:40
Because the demand for wheat tends to be inelastic. true or false
Answers: 1
Business, 22.06.2019 22:00
Gyou are in charge of making the work schedule for the next two weeks. typically this is not a difficult task as you work at a routine 8am – 5pm company. however, over the next two weeks you are required to schedule someone to be in the office each saturday. after contemplating this for a few days you make the schedule and assignments. before posting the schedule for everyone you decide that it is a good idea to meet personally with the two people you have scheduled to work the weekend. what do you say to them? what is your desired outcome?
Answers: 3
Business, 22.06.2019 23:50
The sarbanes-oxley act was passed to question 6 options: prevent fraud at public companies. replace all of the old accounting procedures with new ones. improve the accuracy of the company's financial reporting. both a and c
Answers: 3
(Algo) Preparing an Income Statement, Statement of Stockholders' Equity, and Balance Sheet LO1-1 Ski...
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