Homework 1

Homework 1 - M1-1 1B 2D 3A 4C 5B 6D 7A 8D E1-2 1-L 2-A 3-A...

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Unformatted text preview: M1-1 1B 2D 3A 4C 5B 6D 7A 8D E1-2 1-L 2-A 3-A 4-E 5-A 6-E 7-E 8-A E1-4 Toyota Motor Co. Balance Sheet At March 31, 2004 (in billions of yen) Assets Cash Accounts receivable Inventories Plant and equipment Investments Other Total Assets Liabilities Accounts payable Other Long-term debt Total Liability Stockholders' Equity Contributed capital Retained earnings Total SE Total Liabilities and SE 1592 1476 1026 5204 1652 9203 20153 7054 1525 4138 12717 891 6545 7436 20153 9-A 10 - E 11 - L 12 - R 13 - L 14 - SE 15 L E1-10 Clay Co. Balance Sheet At January 31, 2006 (in thousands of dollars) Assets Cash Accounts receivable Inventories Total Assets Liabilities Payable to suppliers Income taxes payable Total Liability Stockholders' Equity Contributed capital Retained earnings Total SE Total Liabilities and SE 20 25 42 87 11 15 26 26 61 26 87 Clay Co. Income Statement For the month of January 2006 (in thousands of dollars) Total Revenues 150 Less Total Expenses 100 Pretax Income 50 Less: Income tax expense 15 Net Income 35 P1-1 Propane Co. Balance Sheet At December 31, 2006 (in thousands of dollars) Assets Cash Accounts receivable Inventories Equipment Total Assets Liabilities Accounts payable 20 12 90 45 167 52.37 Salary Payable Total Liability Stockholders' Equity Contributed capital Retained earnings Total SE Total Liabilities and SE 2 54.37 87 27.63 114.63 167 Propane Co. Income Statement For 2006 (in thousands of dollars) Total Revenues 155 Less Total Expenses 104.1 Pretax Income 50.9 Less: Income tax expense 15.27 Net Income 35.63 Propane Co. Statement of Retained Earnings For 2006 (in thousands of dollars) Retained earnings, Jan 2006 27.63 +Net Income 35.63 -Dividends 10 53.26 ...
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This note was uploaded on 02/12/2008 for the course ECON 1110 taught by Professor Wissink during the Spring '06 term at Cornell.

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Homework 1 - M1-1 1B 2D 3A 4C 5B 6D 7A 8D E1-2 1-L 2-A 3-A...

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