Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Accounting Basics Expert

Q1) Peabody & Peabody Balance Sheet December 31, 2006 ($000)

Assets Liabilities & Stockholders' Equity
Cash $400 Accounts payable $1,400
Marketable securities 200 Accruals 400
Accounts receivable 1,200 Other Current Liabilities 80
Inventories 1,800 Total current Liabilities $1,880
Total current Assets $3,600 Long term Debt $2,000
Net fixed assets $4,000 Common equity $3,720
Total assets $7,600 Total Liabilities &stockholders' equity $7,600

A. Create a pro forma balance sheet dated December 31, 2008.

B. Describe the financing changes suggested by statement prepared in part A.

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M919657

Have any Question? 


Related Questions in Accounting Basics

Question 1you are a licensed cpa who is a member of both

Question #1 You are a licensed CPA who is a member of both the AICPA and the Oregon Society of CPAs. You work in the Tax Compliance Department of a major publicly traded supermarket chain. The company is considering whet ...

Explain what is meant by accruals and prepayments andhow

Explain what is meant by accruals and prepayments, and How they affect the trial balance.

Assignment discussion-ethical issuesreview the ethical

Assignment: Discussion-Ethical Issues Review the Ethical Issue: Dobbs Wholesale Antiques in chapter 5 (Page 317). address the following in your initial post: 1. Under Dobbs FOB policy, when should the company record a sa ...

What evidence would help you evaluate whether or not a

What evidence would help you evaluate whether or not a company does adequate cash planning? Is there any information not available in the company's annual report that would help you make this evaluation?

Practice questionswhat are the main problems associated

Practice questions: What are the main problems associated with strategic management accounting?

1 proceeds from an issue of debt securities having stock

1) Proceeds from an issue of debt securities having stock warrants should NOT be allocated between debt and equity features when A. the allocation would result in a discount on the debt security B. the warrants issued wi ...

Assignmentnbsp the eatery is a restaurant in dekalb

Assignment  The Eatery is a restaurant in DeKalb, Illinois. It specializes in deluxe sandwiches in a moderate price range. Michael Raye, the manager of The Eatery, has determined that during the last two years the sales ...

Assume dubello company uses the cost method for any

Assume Dubello Company uses the cost method for any treasury stock transactions. Dubello Company has the following information about it's common stock on January 1 of the current year: Common Stock, $4 par; 200,000 share ...

Project instructions-you have just been contracted as a

PROJECT INSTRUCTIONS- You have just been contracted as a budget consultant by LBJ Company, a distributor of bracelets to various retail outlets across the country. The company has done very little in the way of budgeting ...

The rules and requirements for reporting and disclosing

The rules and requirements for reporting and disclosing segments and non-controlling interests within a 10-K report. Executive Summary Projects Advanced Accounting Project 1: Analysis of a 10-K 1. Explore the concepts of ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

A cola-dispensing machine is set to dispense 9 ounces of

A cola-dispensing machine is set to dispense 9 ounces of cola per cup, with a standard deviation of 1.0 ounce. The manuf

What is marketingbullwhat is marketing think back to your

What is Marketing? • "What is marketing"? Think back to your impressions before you started this class versus how you

Question -your client david smith runs a small it

QUESTION - Your client, David Smith runs a small IT consulting business specialising in computer software and techno

Inspection of a random sample of 22 aircraft showed that 15

Inspection of a random sample of 22 aircraft showed that 15 needed repairs to fix a wiring problem that might compromise

Effective hrmquestionhow can an effective hrm system help

Effective HRM Question How can an effective HRM system help facilitate the achievement of an organization's strate