Question Details

(Answered) Uhura Company has decided to expand its operations. The


Uhura Company has decided to expand its operations. The
More Details:

Uhura Company has decided to expand its operations. The bookkeeper recently completed the balance sheet presented below in order to obtain additional funds for expansion.,

 

,

 

UHURA COMPANY,

 

BALANCE SHEET,

 

FOR THE YEAR ENDED 2014 ,

 

,

 

Current assets,

 

Cash $232,120,

 

Accounts receivable (net) 342,120,

 

Inventory (lower-of-average-cost-or-market) 403,120,

 

Equity investments (trading)-at cost (fair value $121,740) 141,740,

 

Property, plant, and equipment,

 

Buildings (net) 571,740,

 

Equipment (net) 161,740,

 

Land held for future use 176,740,

 

Intangible assets,

 

Goodwill 82,120,

 

Cash surrender value of life insurance 92,120,

 

Prepaid expenses 14,120,

 

Current liabilities,

 

Accounts payable 136,740,

 

Notes payable (due next year) 127,120,

 

Pension obligation 83,740,

 

Rent payable 51,120,

 

Premium on bonds payable 55,120,

 

Long-term liabilities,

 

Bonds payable 501,740,

 

Stockholders? equity,

 

Common stock, $1.00 par, authorized 400,000 shares, issued 292,120 292,120,

 

Additional paid-in capital 162,120,

 

Retained earnings ???????,

 

,

 

Prepare a revised balance sheet given the available information. Assume that the accumulated depreciation balance for the buildings is $162,120 and for the equipment, $107,120. The allowance for doubtful accounts has a balance of $19,120. The pension obligation is considered a long-term liability. (List Current Assets in order of liquidity. List Property, Plant and Equipment in order of Buildings and Equipment. Enter account name only and do not provide the descriptive information provided in the question.)

 


Solution details:
STATUS
Answered
QUALITY
Approved
ANSWER RATING

This question was answered on: Dec 18, 2020

PRICE: $18.50

Solution~00031147883723.zip (25.37 KB)

Buy this answer for only: $18.50

This attachment is locked

We have a ready expert answer for this paper which you can use for in-depth understanding, research editing or paraphrasing. You can buy it or order for a fresh, original and plagiarism-free copy (Deadline assured. Flexible pricing. TurnItIn Report provided)

Pay using PayPal (No PayPal account Required) or your credit card . All your purchases are securely protected by .
SiteLock

About this Question

STATUS

Answered

QUALITY

Approved

DATE ANSWERED

Dec 18, 2020

EXPERT

Tutor

ANSWER RATING

GET INSTANT HELP/h4>

We have top-notch tutors who can do your essay/homework for you at a reasonable cost and then you can simply use that essay as a template to build your own arguments.

You can also use these solutions:

  • As a reference for in-depth understanding of the subject.
  • As a source of ideas / reasoning for your own research (if properly referenced)
  • For editing and paraphrasing (check your institution's definition of plagiarism and recommended paraphrase).
This we believe is a better way of understanding a problem and makes use of the efficiency of time of the student.

NEW ASSIGNMENT HELP?

Order New Solution. Quick Turnaround

Click on the button below in order to Order for a New, Original and High-Quality Essay Solutions. New orders are original solutions and precise to your writing instruction requirements. Place a New Order using the button below.

WE GUARANTEE, THAT YOUR PAPER WILL BE WRITTEN FROM SCRATCH AND WITHIN YOUR SET DEADLINE.

Order Now