Chapter 5, part 1 - BE5-1 Harding Corporation Balance...

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Chapter 5 part 1 (questions 6,13,15,16,17,18, BE5-1, BE5-9, BE5-10, BE5-12) 6) Liquidity is the ability to generate cash. a- Goodwill: 3 b- Inventories: 2 c- Buildings: 4 d- Short-term investments: 2 e- Accounts receivable: 1 13) $ 20,000,000 15) a- Current assets/ prepaid expenses b- Current Liabilities/ accounts payable c- Assets, Property, plant and equipment/ Land d- current assets/ cash e) Liabilities/ bonds payable f) Intangible assets/ Copyrights g) Current assets/ Cash h) Stockholders’ equity/ Paid in Capital Stock i) Long term investments/ Investments 16) a) Current assets b) Stockholders Equity c) Current Liabilities d) Current assets e) Current asset f) Current asset g) Current asset h) Contra-asset i) Current asset 17) 18) The building for the lessee is a future probable economic benefits because he can use the building for his o
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Unformatted text preview: BE5-1 Harding Corporation Balance Statement Dec 31 2010 Current Assets Cash $30,000.00 Accounts receivables 110000.00 Inventory 290000.00 Prepaid insurance 9500.00 Total Current assets $439,500.00 BE5-9 Long-term Liabilities Interest Payable $12,000.00 Total long-terms liabilities $12,000.00 BE5-10 Stockholder's equity Common Stock $750,000.00 Additional Paid-in Capital 200,000 Accumulated other Comprehensive L 150,000 Total Stockholder's equity $1,100,000.00 BE5-12 Statement OF Cash Flows Net income $40,000.00 Increase in accounts receivable 10,000 Increase in accounts payable 7,000 3,000 Net cash operating activities $37,000.00 own benefits and try to gain money out of it....
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Chapter 5, part 1 - BE5-1 Harding Corporation Balance...

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