HCS 380 Wk 3 Individual: WileyPLUS Homework
HCS 380 Wk 3 Individual: WileyPLUS Homework
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HCS 380 Wk 3 Individual: WileyPLUS Homework
Due Sunday evening 11: 59 om AZT. Time listed above is EST. All work due 11:59 pm AZT. Complete the assigned Quiz activity in WileyPLUS. Remember that you have 3 attempts for each question to achieve the best score!
Problem 2-5A
The following are financial statements of Bramble Corp..
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Bramble Corp.Income StatementFor the Year Ended December 31, 2017
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Net sales
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$2,231,500
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Cost of goods sold
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1,027,800
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Selling and administrative expenses
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918,600
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Interest expense
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90,600
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Income tax expense
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70,170
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Net income
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$ 124,330
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Bramble Corp.Balance SheetDecember 31, 2017
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Assets
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Current assets
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Cash
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$ 73,100
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Debt investments
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85,170
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Accounts receivable (net)
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189,700
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Inventory
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164,200
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Total current assets
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512,170
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Plant assets (net)
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590,700
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Total assets
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$ 1,102,870
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Liabilities and Stockholders’ Equity
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Current liabilities
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Accounts payable
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$ 173,000
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Income taxes payable
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36,670
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Total current liabilities
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209,670
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Bonds payable
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219,900
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Total liabilities
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429,570
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Stockholders’ equity
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Common stock
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365,400
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Retained earnings
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307,900
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Total stockholders’ equity
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673,300
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Total liabilities and stockholders’ equity
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$1,102,870
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***************************************************************
Click Here To Download Your Files :
https://uopcourse.com/category/hcs-380/ ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
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