Following are selected balance sheet accounts of Del Conte Corp. at December 31, 2018 and 2017, and the increases or decreases in each account from 2017 to 2018. Also presented is selected income statement information for the year ended December 31, 2018, and additional information.

Additional information:

Accounts receivable relate to sales of merchandise.

During 2018, equipment costing $48,000 was sold for cash.

During 2018, bonds payable with a face value of $28,000 were issued in exchange for property, plant, and equipment. There was no amortization of bond discount or premium.

Required:
Items 1 through 5 represent activities that will be reported in Del Conte's statement of cash flows for the year ended December 31, 2018. The following two responses are required for each item:

Determine the amount that should be reported in Del Conte's 2018 statement of cash flows.

Select the category (i.e., O - Operating activity, I - Investing activity and F - Financing activity) in which the amount should be reported in the statement of cash flows.

q.30

Following are selected balance sheet accounts of Del Conte Corp. at December 31, 2018 and 2017, and the increases or decreases in each account from 2017 to 2018. Also presented is selected income statement information for the year ended December 31, 2018, and additional information.

Additional information:

1. Accounts receivable relate to sales of merchandise.
2. During 2018, equipment costing $78,000 was sold for cash.
3. During 2018, bonds payable with a face value of $58,000 were issued in exchange for property, plant, and equipment. There was no amortization of bond discount or premium.

Required:
Items 1 through 5 represent activities that will be reported in Del Conte's statement of cash flows for the year ended December 31, 2018. The following two responses are required for each item:

1. Determine the amount that should be reported in Del Conte's 2018 statement of cash flows.
2. Select the category (i.e., O - Operating activity, I - Investing activity and F - Financing activity) in which the amount should be reported in the statement of cash flows.

don't forget to out category

Brokeback Towing Company is at the end of its accounting year, December 31, 2018. The following data that must be considered were developed from the company’s records and related documents:

1. On July 1, 2018, a two-year insurance premium on equipment in the amount of $800 was paid and debited in full to Prepaid Insurance on that date. Coverage began on July 1.
2. At the end of 2018, the unadjusted balance in the Supplies account was $1,200. A physical count of supplies on December 31, 2018, indicated supplies costing $400 were still on hand.
3. On December 31, 2018, YY’s Garage completed repairs on one of Brokeback’s trucks at a cost of $900. The amount is not yet recorded. It will be paid during January 2019.
4. On December 31, 2018, the company completed a contract for an out-of-state company for $8,050 payable by the customer within 30 days. No cash has been collected and no journal entry has been made for this transaction.
5. On July 1, 2018, the company purchased a new hauling van. Depreciation for July–December 2018, estimated to total $2,850, has not been recorded.
6. As of December 31, the company owes interest of $600 on a bank loan taken out on October 1, 2018. The interest will be paid when the loan is repaid on September 30, 2019. No interest has been recorded yet.
7. Assume the income after the preceding adjustments but before income taxes was $40,000. The company’s federal income tax rate is 15%. Compute and record income tax expense.

Required:

Indicate the accounting equation effects (amount and direction) of each adjusting journal entry. Provide an appropriate account name for any revenue and expense effects. (Enter any decreases to Assets, Liabilities, or Stockholders' Equity with a minus sign.)

Following are selected balance sheet accounts of Del Conte Corp. at December 31, 2018 and 2017, and the increases or decreases in each account from 2017 to 2018. Also presented is selected income statement information for the year ended December 31, 2018, and additional information.

Additional information:

1. Accounts receivable relate to sales of merchandise.
2. During 2018, equipment costing $78,000 was sold for cash.
3. During 2018, bonds payable with a face value of $58,000 were issued in exchange for property, plant, and equipment. There was no amortization of bond discount or premium.

Required:
Items 1 through 5 represent activities that will be reported in Del Conte's statement of cash flows for the year ended December 31, 2018. The following two responses are required for each item:

1. Determine the amount that should be reported in Del Conte's 2018 statement of cash flows.
2. Select the category (i.e., O - Operating activity, I - Investing activity and F - Financing activity) in which the amount should be reported in the statement of cash flows.

ullerton, Inc. makes and sells a single snowboard model, the Titan. Fullerton’s CEO expects to sell 3,910 snowboards at an estimated retail price of $1,320 per board during 2018. In the fall of 2017, Fullerton gathered the following data to prepare budgets for 2018:

​

CEO expects to sell 3,910 snowboards during 2018 at an estimated retail price of

$ 1,320 per board.​ Further, the CEO expects 2018 beginning inventory of 700 snowboards and would like to end 2018 with 900 snowboards in stock. The inventoriable unit cost for beginning finished goods inventory on January 1, 2018 ​is ​$230.00.

Data pertaining to the direct materials inventories are as follows:

Variable manufacturing overhead is $20 per direct labor-hour. There are also $28,770 in fixed manufacturing overhead cots budgeted for 2018. Both variable and fixed overhead costs are allocated based on direct manufacturing labor-hours.

Other data include the following:

Assume Fullerton uses a FIFO inventory method for both direct materials and finished goods. Ignore work in process in your calculations.

What is the budgeted cost of goods sold for 2018?

Group of answer choices

$4,521,170

$4,369,470

$4,508,070

$4,319,070

The December 31, 2018, adjusted trial balance for the Blueboy Cheese Corporation is presented below.

Required:
1-a. Prepare an income statement for the year ended December 31, 2018.
1-b. Prepare a classified balance sheet as of December 31, 2018.
2. Prepare the necessary closing entries at December 31, 2018.

Prepare an income statement for the year ended December 31, 2018.

Prepare a classified balance sheet as of December 31, 2018. (Amounts to be deducted should be indicated by a minus sign.)

Prepare the necessary closing entries at December 31, 2018. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

• Record the entry to close the revenue accounts using the income summary.
• Record the entry to close the expense accounts using the income summary.
• Record the entry to close the income summary account.

The following table lists the month-end prices from May 2017 to July 2018 of the Spider S&P 500 Index ETF (SPY) and iShares 20+ Treasury Bond ETF (TLT), respectively. During this time period the average annual yield for the one-month Treasury bills is 1.292% or 0.1077% per month. Apply the following equation to calculate the monthly returns from June 2017 to July 2018 for SPY and TLT, respectively. The monthly return for month n: rn = (Current month-end price – Previous month-end price) / Previous month-end price = (Pn – Pn-1) / Pn-1 Monthly Returns Data Date Adj Close Price Pn: SPY Adj Close Price Pn: TLT 5/31/2017 235.858 120.4887 6/30/2017 237.3616 121.4428 7/31/2017 242.2404 120.6433 8/31/2017 242.9471 124.7557 9/29/2017 247.8424 121.8577 10/31/2017 253.6826 121.8107 11/30/2017 261.4366 122.716 12/29/2017 264.6073 124.9404 1/31/2018 279.5203 120.8728 2/28/2018 269.3568 117.1966 3/29/2018 261.9736 120.548 4/30/2018 263.3276 118.0308 5/31/2018 269.7288 120.3966 6/29/2018 271.28 121.1741 7/31/2018 281.33 119.433

Using the monthly returns, find the values of the following inferences about SPY and TLT, respectively. AAR GAR HPR Standard deviation Sharpe ratio VaR (1%) and Var (5%)

Murderer of Love began operations on 1/1/2016. All shares of common and preferred stock were issued on that date. The following information relates to the company as of December 31, 2018:

Balance sheet info 2018

Preferred Stock, Cumulative, Par $5,10% dividend rate $160,000

Additional pain in capital- Preferred stcok 40,000

Common stock par $2 400,000

Additional pain in capital- common stock 3,024,000

Treasury Stock- 1,000 shares repurchased during 2016 (20,000)

Beginning Retained Earnings balance ( as of Jan. 1, 2018) 180,000

Income statement Info 2018

Net income 414,000

During 2018, Murderer of Love declared and paid a cash dividend of $60,000. The only other dividend the company has ever issued was a $20,000 cash dividend declared and paid during 2016.

Required (1):  What should be the company’s ending retained earnings balance (as of December 31, 2018)? Answer below.

Question 2

Required (2):  How many shares of common stock were issued on 1/1/16?

Question 3

Required (3):  How many shares of common stock are outstanding as of December 31, 2018?

Question 4

Required (4):  How much did Murderer of Love receive per share when the preferred stock was issued?

Question 5

Required (5):  How much of the cash dividend declared and paid in 2018 was paid to common stockholders?

Question 6

Required (6):  What is Murderer of Love's earnings per share for the year ended December 31, 2018?

Actuary and trustee reports indicate the following changes in the PBO and plan assets of Douglas-Roberts Industries during 2018:

Required:
1-a. Determine Douglas-Roberts' pension expense for 2018.
1.b, 2. to 4. Prepare the appropriate journal entries to record the pension expense, to record any 2018 gains and losses, to record the cash contribution to plan assets and to record retiree benefits..

Required 1-a.

Required 1B and 2 to 4

1. Record annual pension expense.

2. Record the change in plan assets.

3. Record the change in the PBO.

4. Record the cash contribution to plan assets.

5. Record the retiree benefits paid.

On January 1, 2018, Skysong Corp. had 469,000 shares of common stock outstanding. During 2018, it had the following transactions that affected the Common Stock account.

Determine the weighted-average number of shares outstanding as of December 31, 2018.

Assume that Skysong Corp. earned net income of $3,354,000 during 2018. In addition, it had 101,000 shares of 8%, $100 par nonconvertible, noncumulative preferred stock outstanding for the entire year. Because of liquidity considerations, however, the company did not declare and pay a preferred dividend in 2018. Compute earnings per share for 2018, using the weighted-average number of shares determined in part (a). (Round answer to 2 decimal places, e.g. $2.55.)

Assume the same facts as in part (b), except that the preferred stock was cumulative. Compute earnings per share for 2018. (Round answer to 2 decimal places, e.g. $2.55.)

Assume the same facts as in part (b), except that net income included a loss from discontinued operations of $418,000 (net of tax). Compute earnings per share for 2018. (Round answer to 2 decimal places, e.g. $2.55.)