Question

In: Accounting

Quinn Company’s balance sheet information at the end of 2016 and 2017 is as follows:

Quinn Company’s balance sheet information at the end of 2016 and 2017 is as follows:

2016                                        2017

Total shareholders’ equity

$ (n)

$ 145,600

Accumulated other comprehensive income

14,800

5,000

Current liabilities

(m)

24,900

Intangible assets

15,000

13,900

Property, plant, and equipment (net)

(l)

96,700

Current assets

25,000

(j)

Total contributed capital

123,900

(i)

Long-term liabilities

(k)

78,000

Retained earnings

67,850

(h)

Total assets

(e)

(d)

Common stock, $5 par

(f)

(c)

Working capital

23,500

33,800

Additional paid-in capital

(g)

45,000

Long-term investments

28,900

(b)

Total liabilities

5,500

(a)

At the end of 2016, additional paid-in capital was twice the amount of common stock. During 2017 the company issued 1,000 shares of common stock.

Required:

Fill in the blanks lettered a through n. It is not necessary to calculate the information in alphabetical order.


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ekkarill92 answered 3 years ago
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