Week2Ch3HWProblems(2)

Week2Ch3HWProblems(2) - 3-29Page 103-29Name:Kathy...

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Unformatted text preview: 3-29Page 103-29Name:Kathy HainesEnter the appropriate amounts/formulas in the blue-shaded cells in columns G, J and LThe word Wrong will appear to the left of an incorrect entry.CLARK AND CConsolidated BDecemberAssetsCurrent assets:CashInvestment securitiesAccounts and notes receivable$129,515 Allowance for doubtful accounts and notes 7,851 InventoriesOther current assetsTotal current assetsNoncurrent assets:Property, plant, and equipment$694,604 Less: Accumulated depreciation295,772 Other noncurrent assetsTotal noncurrent assetsTotal assetsLiabilities and Owners' EquityCurrent liabilities:Accounts payablePayable to banksIncome taxes payableCurrent installments of long-term debtAccrued expensesTotal current liabilitiesNoncurrent liabilities:Long-term debtDeferred income tax liabilityMinority interest in subsidiariesTotal noncurrent liabilitiesTotal liabilitiesContributed capital:Preferred stock, No par value, (authorized 1,618 shares; issued 1,115 shares)Common stock, $1 par value per share(authorized 60,000 shares; is$21,842 Additional paid-in capital - common stock43,911 Total contributed capitalRetained earnings Total contributed capital and retained earningsLess Treasury stock, at cost (1,229 shares)Total owners' equityTotal liabilities and owners' equityHint: It is strategic to work some answers out of order. 3-29Page 23-29Page 3L.OMPANY INC.Balance Sheetr 31, 2013$24,250 22,642 (a)(b)121,664 197,682 14,227 $380,465 (c)(d)$398,832 13,217 412,049 $792,514 $88,484 (e)34,236 9,211 6,341 7,100 $145,372 (f)$159,991 (g) 41,218 4,201 205,410 $350,782 $12,392 (h)(i)65,753 (j)$78,145 (k)390,625 $468,770 (l)27,038 441,732 (m)$792,514 (n)3-29Page 43-30Page 503-30Name:Select the appropriate account titles from the drop-down lists given in the blue-shaded Enter the appropriate amounts/formulas in the blue-shaded cells in columns H, K, and The word Wrong will appear to the left of an incorrect entry.1.(a)Current assets:CashInvestment securities (tradingNotes receivableAccounts receivableLess:Allowance for doubtful accountsAccrued interest on notes recInventoryPrepaid expensesTotal current assets(b)Property, plant, and equipment:LandBuildingsEquipmentTotal property, plant, and equipment...
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This note was uploaded on 08/12/2011 for the course ACCT 2201 taught by Professor Alvarez during the Spring '11 term at FIT.

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Week2Ch3HWProblems(2) - 3-29Page 103-29Name:Kathy...

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