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The Financial Statements

how a balance sheet would be presented

1. Arrange the following items in proper balance sheet presentation. Accumulated depreciation $200,000 Retained earnings 110,000 Cash 5,000 Bonds payable 142,000 Accounts receivable 38,000 Plant and equipment?original cost 720,000 Accounts payable 35,000 Allowance for bad debts 6,000 Common stock $1 par, 150,0

Lucent Technologies Case: evalulate financial statements

Please see the attachment. 2. Evaluate the asset, debt, and equity structure of Lucent Technologies, as well as trends and changes found on the common-size balance sheet. 3. What concerns would investors and creditors have based on only this information? 4. What additional financial and non-financial information would

Prepare Financial Statements for O'Shea Enterprises

Please see attached O'Shea Enterprises started the 2002 accounting period with $30,000 of assets (all cash), $18,000 of liabilities, and $4,000 of common stock. During the year, O'Shea earned cash revenues of $48,000, paid cash expenses of $32,000, and paid a cash dividend to stockholders of $2,000. O'Shea also acquired $10,0

Increase in cash on the balance sheet; increase in debt

If on the balance sheet, it showed that cash increase $400,000 from the end of last year to the end of this year. How would you interpret that? Now looking at the statement of cash flows, it showed that cash from operations was a ($200,000) and cash from financing was a $600,000. How would you interpret that now?

Accounting Relations: supply missing amounts in reformulated

Please show work to all answers. Please view attachment for full problem. Answer: (a) find all missing numbers among which M = 690; (b) operating accruals = 266; (c) 234; (d) $865. E7.5 Using Accounting Relations Below are financial statements that have been reformulated. Some items are missing; they are indicated b

Financial Report for Home Depot: Which financial statement is more useful?

See attached annual reports containing financial statements for the year 2007 pertaining to: Home Depot(http://www.homedepotar.com/html/pdf/HDAR_2007_10k.pd) a. The Balance Sheet b. The Income Statement c. The Statement of Cash Flows Based on the general organization of Home Depot, I need an opinion on which of the ab

Maltbee summer lawn service business: prepare financial statements and analyze

Using an attached file, please help me with these questions: 1. Was Maltbee's summer work successful? Give the reason for your answer. 2. What are the steps in the accounting cycle? 3. Please write 1 - 2 paragraph explanation as to whether Maltbee was successful and your reasons for your answer. Doug Maltbee formed a la

The following balance sheet information was provided by Oleg Company

Please see the attached file. 12. The following balance sheet information was provided by Oleg Company: Assuming net credit sales totaled $120,000, what was the company's average days to collect receivables? 18.3 days 21.5 days 60 days 52.1 days 14. The following partial balance she

Drafting a problem statement

Read Scenario One (USAuto). Then review Steps 1, 2, and 3 of the Supplement entitled Sample Problem Solution Worksheet. Which of the USAuto/AutoMex problem statements listed in the supplement resonated best with you? Might you want to modify it? If so, how?

O'Henry's Data Services: prepare & analyze financial statements to assess purchase

Details: Benjamin O'Henry has owned and operated O'Henry's Data Services since its beginning ten years ago. From all appearances, the business has prospered. In the past few years, you have become friends with O'Henry and his wife. Recently, O'Henry mentioned that he has lost his zest for the business and would consider selling

INTERPRETING FINANCIAL STATEMENTS: Coca-Cola, PepsiCo

The Coca-Cola Company and PepsiCo, Inc. provide refreshments to every corner of the world. Selected data from the 2004 consolidated financial statements for The Coca-Cola Company and for PepsiCo, Inc., are presented here (in millions). CocaCola

Gardner Corporation Financial Statements

Attached is the balance sheet for Gardner Corporation, for December 31, 2003. If Sales for the year 2004 were $330,000, with cost of goods sold being 60 percent of sales. Selling and administrative expense was $33,000. Depreciation expense was 10 percent of plant and equipment (gross) at the beginning of the year.Interest expens