Question

Solve for the missing numbers. Total Assets _________ , Other Non-Current Liabilities _________ , Long Term Intangibles ________ , Income Taxes Payable _______ , Selling General & Admin Expense ________ , Accounts Receivable ______ , Income Tax Expense ______ , Cost Of Goods Sold ________ , Net Property, Plant & Equipment _______ , Interest Expense _________ , Revenue 17,656, Prepaid Expenses 294, Additional Paid In Capital 23,314, Long-term Investments 453, Gross Profit 10,003, Goodwill 30,475, Gross Property, Plant & Equipment 51,204, Depreciation 3,838, Deferred Tax Liability, Non-Current 2,413, Operating Income 2,257, Total Liabilities And Equity 75,611, Earnings before Taxes 776, Total Liabilities 52,120, Net Profit 1,389, Inventory 128, Other Current Assets 401, Total Current Assets 3,891, Accumulated Depreciation (24,352), Common Stock 1,069, Other Long-Term Assets 1,167, Accounts Payable 1,555, Other Operating Expense 83, Accrued Expenses 1,287, Current Portion of LT Debt 443, Cash 551, Comprehensive Income and Other (1,995), R & D Expense 23, Unearned Revenue, (Current Liability) 892, Other Current Liabilities 310, Total Current Liabilities 4,857, Long-Term Debt 37,283 , Pension & Other Post-Retire. Benefits (Long Term Liability) 5,178, Retained Earnings 1,103

Question 32 options:

26,852 -613 1,481 7,653 370 75,611 12345678910 2,389 3,802 12,773 2,517

1. Total Assets 2. Other Non-Current Liabilities 3. Interest Expense 4. Net Property, Plant & Equipment 5. Long Term Intangibles 6. Income Taxes Payable 7. Selling General & Admin Expense 8. Accounts Receivable 9. Income Tax Expense 10. Cost Of Goods Sold

Answer 1

NOTES 1ALL THE MISSING FIGURES SOLVED ARE HIGHLIGHTED IN GREEN

2.For convenience balance sheet has been made in T shape tabular form in working notes however it is advised to the students to follow Vertical format as stated in their course.

Particulars	Amount in $
1.Total Assets	75611
2.Other Non-Current Liabilities	2389
3.Interest Expense	1481
4.Net Property, Plant & Equipment	26852
5.Long Term Intangibles	12773
6.Income Taxes Payable	370
7.Selling General & Admin Expense	3802
8.Accounts Receivable	2517
9.Income Tax Expense	613
10.Cost Of Goods Sold	7653

Income Statement for the year ended........

PARTICULARS	AMOUNT(IN $)
Revenue	17656
Cost of GOODS SOLD	7653
Gross Profit	10003
Expenses & Cost
Depreciation	3838
Selling & Administrative Expenses	3802
Other operating Expenses	83
R&D expenses	23
Operating income before interest and taxes	2257
Interest expense	1481
Earning before tax	776
Income tax	(613)
Net Profit	1389

LIABILITIES	AMOUNT IN $	ASSETS	AMOUNT IN $
STOCKHOLDERS EQUITY		CASH	551
COMMON STOCK	1069	ACCOUNTS RECEIVABLE	2517
ADDITIONAL PAID UP CAPITAL	23314	PREPAID EXPENSES	128
RETAINED EARNINGS	1103	OTHER CURRENT ASSETS	294
COMPREHENSIVE INCOME & OTHER	(1995)	INVENTORY	128
TOTAL EQUITY	23491	TOTAL CURRENT ASSETS	3891
		LONG TERM INVESTMENT	453
LONG TERM DEBTS	37283	NET PROPERTY PLANT AND EQUIPMENT	26852
PENSION & OTHER RETIREMENT BENEFIT	5178	OTHER LONG TERM ASSETS	1167
OTHER NON CURRENT LIABILITIES	2389
DEFERRED TAX LIABILITY NON CURRENT	2413
CURRENT LIABILITIES		LONG TERM INTANGIBLE	12773
Accounts payable	1555	GOODWILL	30475
Accrued expenses	1287
Current portion of long term debt	443
Unearned revenue	892
Income tax payable	370
Other current liabilities	310
Total current liabilities	4857
TOTAL LIABILITIES	52120
TOTAL	75611	TOTAL ASSETS	75611