Week 12 class 1

Week 12 class 1 - Week 12 class 1 (15-20 min.) Balance...

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Week 12 class 1 (15-20 min.) CP 13-12 Balance Sheet (Amounts in thousands) Cash $ 53 Receivables 631 (a) Total current liabilities $2,164 Inventories 755 Long-term debt 857 (e) Prepaid expenses 142 (b) Other long-term liabilities 826 Total current assets 1,581 (c) Capital assets, net 2,584 (d) Common shares 185 Other assets 2,150 Retained earnings 2,283 Total liabilities and Total assets $6,315 equity $6,315 (f) (f) = $6,315 (same as total assets) (e) = $6,315 × 0.6092 = $3,847 $3,847 – $2,164 – $826 = $857 or $6,315 – $2,164 – $826 – $185 – $2,283 = $857 (c) = $2,164 × 0.7306 = $1,581 (a) = $2,164 × 0.3161 = $684; $684 – $53 = $631 (b) = $1,581 – $53 – $631 – $755 = $142 (d) = $6,315 – $1,581 – $2,150 = $2,584
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(20-30 min.) E 13-12 ORDER OF COMPUTATION Millions Given Current assets……………………………………. .. $10,196 4 Capital assets…….…………………… $10,817 Given Less Accumulated amortization…… (1,448) 9,369 3 Total assets ($11,806 ÷ 0.60342)……………….
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Week 12 class 1 - Week 12 class 1 (15-20 min.) Balance...

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