$94‚410 and the stockholders’ equity is $241‚000. What is the amount of Daley Company’s total assets? Total assets (b) The total assets of Laven Company are $181‚800 and its stockholders’ equity is $84‚800. What is the amount of its total liabilities? Total liabilities (c) The total assets of Peterman Co. are $910‚600 and its liabilities are equal to one fourth of its total assets. What is the amount of Peterman Co.’s stockholders’ equity? Stockholders’ equity Business
Premium Balance sheet Generally Accepted Accounting Principles Accounting equation
Assessment activity 4 PART 1 A.In financial accounting‚ assets are economic resources. Anything tangible or intangible that is capable of being owned or controlled to produce value and that is held to have positive economic value is considered an asset. Simply stated‚ assets represent value of ownership that can be converted into cash (although cash itself is also considered an asset).The balance sheet of a firm records the monetary value of the assets owned by the firm. It is money and other valuables
Premium Asset Balance sheet Liability
to students. The approach to calculating cash flow from assets may be a new concept as they have probably been introduced to the standard accounting statement of cash flows. ANNOTATED CHAPTER OUTLINE Slide 2.2 Key Concepts and Skills Slide 2.3 Chapter Outline Slide 2.4 The Balance Sheet Current Assets are listed first on the right-hand side because they are the most liquid. Fixed assets can include both tangible and intangible assets and generally are not very liquid. Liabilities and equity
Premium Generally Accepted Accounting Principles Balance sheet Asset
17 Financial Forecasting and Planning 17-1. We are to estimate the total financing needed (total assets) and net funding requirements (discretionary financing needed) for the next year (2011) for Zapatera Enterprises. We’ll start with total assets. We’re told that the firm’s 2011 sales will be $15M‚ and that the proportion of sales represented by operating expenses‚ current assets‚ net fixed assets‚ and current liabilities will be the same as for 2010. Thus‚ we can create Zapatera’s pro forma balance
Premium Balance sheet Generally Accepted Accounting Principles Liability
application of the historical cost model. In IFRS financial statements‚ fair values are used in the three circumstances: • to measure some assets and liabilities at each balance sheet date; • to measure some assets and liabilities on their initial recognition in the financial statements or on transition from national GAAP to IFRS; and • to determine some asset impairments. Only the first of these circumstances should be described as ’fair value accounting’. It is the only circumstance that requires
Premium Balance sheet Asset Generally Accepted Accounting Principles
to the company because the profit margin is in deficit of -109.49% in percentage change or from 7.93% to -0.75%‚ which indicates the company is selling at loss. The absolutes values of fixed assets are in declining trend generally; except for the year 2010 to 2011‚ which has the biggest fixed assets gained by 5.58% in percentage change. This increase can be explained by the
Premium Generally Accepted Accounting Principles Asset Balance sheet
ACCOUNTS The total assets of a firm and the claims on assets change over time because of investing and financing activities. For example‚ a firm may issue common stock for cash; acquire a building by mortgaging a portion of the purchase price‚ or issue common stock in exchange for convertible bonds. These investing and financing activities affect the amount and structure of a firm’s assets‚ liabilities‚ and shareholders’ equity. The total assets of a firm and the claims on assets also change every
Premium Asset Balance sheet Generally Accepted Accounting Principles
Financial Analysis Coca-Cola verses PepsiCo. Inc. XACC/280 Financial Analysis Coca-Cola verses PepsiCo. Inc. There are many different types of soft drink manufactures in the United States and throughout the world. The two most popular manufactures are Coca-Cola and PepsiCo. They are the two companies that are well known all over the world. These two companies have cornered the soft drink market with their products for many years. Coca-Cola and PepsiCo have kept their prices quite
Premium Asset Balance sheet Inventory
QUESTION 1 i. Current Ratio = Current Assets/Current Liability = $ 14‚651‚000/$ 19‚639‚000 = 0.750 ii. Quick Ratio = (Current Assets – Inventory) / Current Liability = ($ 14‚651‚000 – $ 6‚136‚000) / $ 19‚539‚000 = 0.436 iii. Total Assets Turnover = Sales/Total Assets = $ 167‚310‚000/$ 108‚615‚000 = 1.540 iv. Inventory Turnover = COGS/Inventory = $ 117‚910‚000/$ 6‚136‚000 = 19.216 v. Receivable Turnover = Sales/Account Receivables = $ 167‚310‚000/$ 5‚473
Premium Balance sheet Financial ratios Generally Accepted Accounting Principles
(d)Termination benefits. CORRIDOR APPROACH The corridor rule is a materiality rule that requires disclosure of a pension actuarial gain or loss‚ if the gain or loss exceeds 10% of the greater of the Pension Benefit Obligation (PBO) or the fair value of plan assets. If this is the case‚ then the corridor rule allows this actuarial gain or loss to be amortized gradually over time into the income statement. Overall‚ the corridor rule can be seen as having a smoothing effect with respect to reporting pension gains
Premium Pension Employee benefit Balance sheet