Prepare a 2018 balance sheet for Rogers Corp. based on the following information: Cash = $280,000;...

Prepare a 2018 balance sheet for Rogers Corp. based on the following information: Cash = $280,000; Patents and copyrights = $720,000; Accounts payable = $460,000; Accounts receivable = $159,000; Tangible net fixed assets = $3,700,000; Inventory = $255,000; Notes payable = $180,000; Accumulated retained earnings = $1,345,000; Long-term debt = $1,930,000. What is the common stock account balance for the company?

Expert Solution

Formulae

jeff jeffy answered 1 year ago

Prepare a 2018 balance sheet for Rogers Corp. based on the following information: Cash = $300,000;...

Prepare a 2018 balance sheet for Rogers Corp. based on the following information: Cash = $300,000; Patents and copyrights = $790,000; Accounts payable = $390,000; Accounts receivable = $159,000; Tangible net fixed assets = $3,100,000; Inventory = $195,000; Notes payable = $180,000; Accumulated retained earnings = $1,215,000; Long-term debt = $1,430,000. What is the common stock account balance for the company? ( show your work please) Multiple Choice $1,329,000 $1,129,000 $1,791,000 $1,529,000 $1,689,000

Prepare a 2018 balance sheet for Rogers Corp. based on the following information: Cash = $260,000;...

Prepare a 2018 balance sheet for Rogers Corp. based on the following information: Cash = $260,000; Patents and copyrights = $690,000; Accounts payable = $350,000; Accounts receivable = $179,000; Tangible net fixed assets = $4,300,000; Inventory = $255,000; Notes payable = $180,000; Accumulated retained earnings = $1,365,000; Long-term debt = $1,530,000. What is the common stock account balance for the company?

Prepare a 2018 balance sheet for Rogers Corp. based on the following information: Cash = $140,000;...

Prepare a 2018 balance sheet for Rogers Corp. based on the following information: Cash = $140,000; Patents and copyrights = $630,000; Accounts payable = $218,000; Accounts receivable = $107,500; Tangible net fixed assets = $1,650,000; Inventory = $299,500; Notes payable = $165,000; Accumulated retained earnings = $1,252,000; Long-term debt = $858,000.

Prepare a 2018 balance sheet for Rogers Corp. based on the following information: Cash = $127,000;...

Prepare a 2018 balance sheet for Rogers Corp. based on the following information: Cash = $127,000; Patents and copyrights = $660,000; Accounts payable = $210,000; Accounts receivable = $115,000; Tangible net fixed assets = $1,610,000; Inventory = $286,000; Notes payable = $155,000; Accumulated retained earnings = $1,368,000; Long-term debt = $830,000. (Be sure to list the accounts in order of their liquidity. Do not round intermediate calculations.)

Prepare a 2018 balance sheet for Rogers Corp. based on the following information: Cash = $142,000;...

Prepare a 2018 balance sheet for Rogers Corp. based on the following information: Cash = $142,000; Patents and copyrights = $630,000; Accounts payable = $219,500; Accounts receivable = $162,500; Tangible net fixed assets = $1,655,000; Inventory = $300,500; Notes payable = $115,000; Accumulated retained earnings = $1,248,000; Long-term debt = $860,000. (Be sure to list the accounts in order of their liquidity. Do not round intermediate calculations.)

Prepare a 2018 balance sheet for Rogers Corp. based on the following information: Cash = $136,000;...

Prepare a 2018 balance sheet for Rogers Corp. based on the following information: Cash = $136,000; Patents and copyrights = $630,000; Accounts payable = $215,000; Accounts receivable = $105,000; Tangible net fixed assets = $1,640,000; Inventory = $297,500; Notes payable = $145,000; Accumulated retained earnings = $1,260,000; Long-term debt = $854,000. (Be sure to list the accounts in order of their liquidity. Do not round intermediate calculations.)

Prepare a 2018 balance sheet for Rogers Corp. based on the following information: Cash = $290,000;...

Prepare a 2018 balance sheet for Rogers Corp. based on the following information: Cash = $290,000; Patents and copyrights = $710,000; Accounts payable = $430,000; Accounts receivable = $179,000; Tangible net fixed assets = $3,900,000; Inventory = $345,000; Notes payable = $180,000; Accumulated retained earnings = $1,295,000; Long-term debt = $1,930,000. What is the common stock account balance for the company?

Prepare a 2018 balance sheet for Rogers Corp. based on the following information: Cash = $360,000;...

Prepare a 2018 balance sheet for Rogers Corp. based on the following information: Cash = $360,000; Patents and copyrights = $760,000; Accounts payable = $500,000; Accounts receivable = $159,000; Tangible net fixed assets = $3,500,000; Inventory = $235,000; Notes payable = $180,000; Accumulated retained earnings = $1,265,000; Long-term debt = $1,530,000. What is the common stock account balance for the company?

From the following balance sheet and additional information given, prepare cash flow statement. Balance Sheet as...

From the following balance sheet and additional information given, prepare cash flow statement. Balance Sheet as on March 31, 2005 and 2006 Particulars 2005 Rs. 2006 Rs. Particulars 2005 Rs. 2006 Rs. Share Capital 9,00,000 9,00,000 Fixed Assets 8,00,000 6,40,000 General Reserve 6,00,000 6,20,000 Investments 1,00,000 1,20,000 Profit & loss a/c 1,12,000 1,36,000 Stock 4,80,000 4,20,000 Creditors 3,36,000 2,68,000 Debtors 4,20,000 9,10,000 Provision for tax 1,50,000 20,000 Bank 2,98,000 3,94,000 Mortgage loan - 5,40,000 20,98,000 24,84,000 20,98,000 24,84,000 Additional Information:...

Prepare balance sheet and an income statement for corp xyz given the following information: Inventory $...

Prepare balance sheet and an income statement for corp xyz given the following information: Inventory $ 6,500 Common Stock 45,000 Cash 15,550 Operating expenses 1,350 Short-term notes payable 600 Interest expense 900 depreciation expense 500 sales 12,800 accounts receivable 9,600 Accounts payable 4,800 long-term debt 55,000 Cost of goods sold 5,750 Buildings and equipment 122,000 Accumulated depreciation 34,000 Taxes 1,440 General and Administrative expenses 850 retained earnings? Using previously worked financial statements, determine the following financial ratios. Please interpret each...

Question