Brown Co Had Current Assets of 15000

15000 9000 167 333 Rationale. Acquired Larson Companys net assets in exchange for Browns common stock with a par value of 100000 and a fair value of 800000.

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The current ratio for the period is.

. On January 1 16 Brown Inc. Had Total Assets of 105000 which included Cash of 30000 Accounts Receivable of 15000 Merchandise Inventory of 60000. The current rate on a typical high-quality tax-exempt municipal bond is 5 and on a similar quality corporate bond is 65.

During the current year Comma Co. Operations December 31 20A. Had total assets of 760000 capital stock of 150000 and retained earnings of 215000.

Had current assets of 15000 total assets of 30000 and current liabilities of 9000 at the end of the year. 15000 9000 167 Brown Co. Blushings acid-test ratio equals.

Brown is in the 10 federal income tax bracket and wants to invest 8000 in interest-earning assets. Returned merchandise with an invoice amount of 8000 for a cash refund. 2019 Description PR Debit Jan.

A company reported Net Income for 2018 of 12000 and for 2017 of 14000. Had current assets of 15000 total assets of 30000 and current liabilities of 9000 at the end of the year. The accounts receivable turnover is _____ times.

Had current assets of 15000 total assets of 30000 and current liabilities of 9000 at the end of the year. Had current assets of 15000 total assets of 30000 and current liabilities of 9000 at the end of the year. Had current assets of 15000 total assets of 30000 and current liabilities of 9000 at the end of the year.

A customers check for 100 marked NSF was returned to Brown Company by the. Only the Brown Company is not. Had a number of receivables from subsidiaries at the balance sheet date as well as several payables to subsidiaries.

On January 1 16 Brown Inc. The current ratio for the period is. Assume that on February 15 20Y2 Brown Co.

Of its five subsidiaries four are consolidated in the financial statements Green Company Black Inc White Sons and Silver Co. The stockholders equity section of Brown Cos December 31 2005 balance sheet consisted of the following. Acquired Larson Companys net assets in exchange for Browns com stock with a par value of 100000 and a fair value of 800000.

15000 9000 167 167 05 Rationale. Had current assets of 15000 total assets of 30000 and current liabilities of 9000 at the end of the year. The current ratio for the period is.

Your answer is correct 11 ifo75 05 175 M Read about this. A company had 62 in extra cash at the end of the day. Check all that apply Recall the column headings of a.

31 Depreciation Expense - Building 20000 Depreciation Expense - Machinery 45000 Amortization Expense - Patents 15000 Accum. Had current assets of 15000 total assets of 30000 and current liabilities of 9000 at the end of the year. Needs to communicate financial information to outside users that is useful for making investment credit and other business decisions.

It reported Total Assets at the end of 2018 of 120000 and at the end of 2017 of 100000. Eight days after the purchase this company paid 13 of the amount due. The current ratio for the period is.

At the end of 20Y1 Sinclair Company estimates that customers will request refunds for 15 of sales and that merchandise costing 120000 will be returned. The proper entry for this excess includes a. Net sales are 525000 beginning accounts receivable are 15000 and ending accounts receivable are 20000.

The current ratio for the period is. Larsons condensed account balances showed the following Book Value 280000 440000. The current ratio for the period is.

Brown also paid 10000 in direct acquisition costs and 15000 in stock issuance costs. Black is in the 35 bracket and wants to invest 15000. In this case the quick assets are only 97 or 097 of the current liabilities which means that the current liabilities are greater than the quick assets.

The current ratio for the period is. On January 1 16 Brown Inc. 15000 9000 167 Current ratio current assets current liabilities.

You are the financial advisor to both which investment would you recommend to. Quiz 1 - Quiz 1 - 2. EXERCISE 3-7 Intercompany Receivables and Payables Polychromasia Inc.

Had current assets of 15000 total assets of 30000 and current liabilities of 9000 at the end of the year. Brown also paid 10000 in direct acquisition costs and 15000 in stock issuance costs. Brown also paid 10000 in direct acquisition costs and 15000 in stock issuance costs.

On this date Larsons condensed account balances showed the following. 1 Land 600000 Building 600000 Machinery 500000 Patents 600000 Goodwill 690000 Cash To record the purchase of Coffee Comp. Acquired Larson Companys net assets in exchange for Browns common stock with a par value of 100000 and a fair value of 800000.

A company purchased merchandise inventory costing 15000 with credit terms of 210 n30. 333 167 05 20. A reversing entry can be described as an.

The current ratio for the period is 167. It can help with adjusting and closing accounts and with preparing financial statements. The current ratio for the period is.

Blushing also had Total liabilities of 95000 which included Current Liabilities of 60000. On January 1 16 Brown Inc. Had current assets of 15000 total assets of 30000 and current liabilities of 9000 at the end of the year.

Common stock 30 par 10000 shares authorized and outstanding 300000. The returned merchandise originally cost Sinclair Company 5500. Brown Corporation reported the f ollowing amounts at the end of the first year of.

Brown Company GENERAL JOURNAL Dec.

How To Calculate Return On Assets Roa With Examples

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