Accounting
Number of shares of common stock authorized, issued, and outstanding.
Number of shares of common stock authorized, issued, and outstanding. on the face of the balance sheet
Inventory costing method.
Inventory costing method. in the summary of significant accounting policies note
Depreciation method.
Depreciation method. in the summary of significant accounting policies note
Indicate whether the above items should be disclosed (A) in the summary of significant accounting policies note, (B) in a separate disclosure note, or (C) on the face of the balance sheet.
Indicate whether the above items should be disclosed (A) in the summary of significant accounting policies note, (B) in a separate disclosure note, or (C) on the face of the balance sheet. A related-party transaction. in a separate disclosure note
The following is a December 31, 2018, post-closing trial balance for Culver City Lighting, Inc.
The following is a December 31, 2018, post-closing trial balance for Culver City Lighting, Inc. Account Title Debits Credits Cash $ 62,000 Accts Receivable 46,000 Inventories 52,000 Prepaid insurance 22,000 Equipment 100,000 Accumulated dep. $41,000 Patent, net 47,000 Accounts payable 15,500 Interest payable 5,500 Note payable (due in 10, annual instlmt) 130,000 Common stock 77,000 […]
ou have been asked to review the December 31, 2018, balance sheet for Champion Cleaning. After completing your review, you list the following three items for discussion with your superior:
ou have been asked to review the December 31, 2018, balance sheet for Champion Cleaning. After completing your review, you list the following three items for discussion with your superior: An investment of $32,000 is included in current assets. Management has indicated that it has no intention of liquidating the investment in 2019. A $120,000 […]
The trial balance for K and J Nursery, Inc., listed the following account balances at December 31, 2018, the end of its fiscal year: cash, $22,000; accounts receivable, $17,000; inventories, $31,000; equipment (net), $86,000; accounts payable, $20,000; wages payable, $8,000; interest payable, $4,000; note payable (due in 18 months), $36,000; common stock, $62,000.
The trial balance for K and J Nursery, Inc., listed the following account balances at December 31, 2018, the end of its fiscal year: cash, $22,000; accounts receivable, $17,000; inventories, $31,000; equipment (net), $86,000; accounts payable, $20,000; wages payable, $8,000; interest payable, $4,000; note payable (due in 18 months), $36,000; common stock, $62,000. Determine the […]
The trial balance for K and J Nursery, Inc., listed the following account balances at December 31, 2018, the end of its fiscal year: cash, $32,000; accounts receivable, $27,000; inventories, $41,000; equipment (net), $96,000; accounts payable, $30,000; wages payable, $13,000; interest payable, $9,000; note payable (due in 18 months), $46,000; common stock, $82,000.
The trial balance for K and J Nursery, Inc., listed the following account balances at December 31, 2018, the end of its fiscal year: cash, $32,000; accounts receivable, $27,000; inventories, $41,000; equipment (net), $96,000; accounts payable, $30,000; wages payable, $13,000; interest payable, $9,000; note payable (due in 18 months), $46,000; common stock, $82,000. Calculate total […]
Is a Patent a current on long-term account?
Is a Patent a current on long-term account? Patent
Is a Note Payable (due in 5 years) a current or long-term account?
Is a Note Payable (due in 5 years) a current or long-term account? Long-term