163.
Accounts payable appear on which of the following statements?
164.
The income statement reports all of the following
except
:
165.
Use the following information as of December 31 to determine equity.
Cash
$57,000
Buildings
175,000
Equipment
206,000
Liabilities
141,000
166.
Use the following information for Meeker Corp. to determine the amount of equity to
report.
Cash
$70,000
Buildings
125,000
Land
205,000
Liabilities
130,000
167.
Determine the net income of a company for which the following information is available for
the month of July.
Employee salaries expense
$180,000
Interest expense
10,000
Rent expense
20,000
Consulting revenue
400,000
168.
Determine the net income of a company for which the following information is available for
the month of September.
Service revenue
$300,000
Rent expense
48,000
Utilities expense
3,200
Salaries expense
81,000
169.
Determine the net income (net loss) of a company for which the following information is
available for the month of September.
Service revenue
$200,000
Rent expense
68,000
Utilities expense
15,000
Salaries expense
121,000
170.
Determine the net income (net loss) of a company for which the following information is
available for the month of July.
Service revenue
$250,000
Rent expense
28,000
Utilities expense
15,000
Salaries expense
41,000
Dividends
20,000
171.
A company acquires equipment for $75,000 cash. This represents a(n):
172.
A company borrows $125,000 from the Northern Bank and receives the loan proceeds in
cash. This represents a(n):
173.
Zippy had cash inflows from operations $60,500; cash outflows from investing activities of
$47,000; and cash inflows from financing of $25,000. The net change in cash was:
174.
Zapper has beginning equity of $257,000, net income of $51,000, dividends of $40,000 and
investments by stockholders of $6,000. Its ending equity is:
175.
Cragmont has beginning equity of $277,000, net income of $63,000, dividends of $25,000,
and no additional investments by stockholders during the period. Its ending equity is:
176.
Rent expense appears on which of the following statements?
177.
A company’s balance sheet shows: cash $22,000, accounts receivable $16,000, office
equipment $50,000, and accounts payable $17,000. What is the amount of stockholders’
equity?
178.
A company reported total equity of $145,000 at the beginning of the year. The company
reported $210,000 in revenues and $165,000 in expenses for the year. Liabilities at the end
of the year totaled $92,000. What are the total assets of the company at the end of the
year?
179.
Prevor Corporation reports the following account balances at the end of its first year of
operation:
Accounts Payable
$30,000
Accounts Receivable
16,500
Cash
14,000
Common Stock
20,000
Expenses
110,500
Land
40,000
Revenues
133,000
Supplies
2,000
Prevor’s total assets equal:
180.
Prevor Corporation reports the following account balances at the end of its first year of
operation:
Accounts Payable
$30,000
Accounts Receivable
16,500
Cash
14,000
Common Stock
20,000
Expenses
110,500
Land
40,000
Revenues
133,000
Supplies
2,000
Prevor’s total liabilities equal:
181.
Prevor Corporation reports the following account balances at the end of its first year of
operation:
Accounts Payable
$30,000
Accounts Receivable
16,500
Cash
14,000
Common Stock
20,000
Expenses
110,500
Land
40,000
Revenues
133,000
Supplies
2,000
Prevor’s total equity equals:
182.
Flitter reported net income of $17,500 for the past year. At the beginning of the year the
company had $200,000 in assets and $50,000 in liabilities. By the end of the year, assets
had increased to $300,000 and liabilities were $75,000. Calculate its return on assets:
183.
Dawson Electronic Services had revenues of $80,000 and expenses of $50,000 for the
year. Its assets at the beginning of the year were $400,000. At the end of the year assets
were worth $450,000. Calculate its return on assets.
184.
Rico’s Taqueria had cash inflows from operating activities of $27,000; cash outflows from
investing activities of $22,000, and cash outflows from financing activities of $12,000.
Calculate the net increase or decrease in cash.
185.
Charlie’s Chocolates Inc.’s stockholders made investments of $50,000 and dividends of
$20,000. The company has revenues of $83,000 and expenses of $64,000. Calculate its net
income.