Homework answers / question archive / 1) measure the profitability of operations Question 3 0/1 Tatum Enterprises' total assets decreased by $11,000 during the year

1) measure the profitability of operations Question 3 0/1 Tatum Enterprises' total assets decreased by $11,000 during the year

Accounting

Share With

1) measure the profitability of operations Question 3 0/1 Tatum Enterprises' total assets decreased by $11,000 during the year. Its stockholders' equity increased by $12,000 during the same period. Net income totaled $8,000 during the year. What occurred to the company's total liabilities during the year? er $23,000 decrease $1,000 increase $ 15,000 decrease.

2)You are required to construct a statement of earnings, a statement of retained earnings, and a balanced sheet for the year ened, or as at, april 30, 2020, whichever is appropriate. Not all the account titles needed are given. You must provide the missing titles as well as use those listed below and, in certain cases, determine the missing amounts.You are required to construct a Statement of Earnings, a Statement of Retained Earnings, and a Balance Sheet for the year ended, or as at, April 30, 2020, whichever is appropriate. Not all the account titles needed are given (i.c., Total Current Assets). You must provide the missing titles as well as use those listed below and, in certain cases, determine the missing amounts. This quiz has been designed so that if you cannot complete one section you can still proceed to the next section and not be at a disadvantage. PIE GUY ENTERPRISES LTD. (5000's) .482.6 34.0 7.6 519.3 52.8 60.0 3.469.8 92 107.6 647.6 94.2 Salaries & Wages Dividends Allowance for Doubtful Accounts Building, cost Organizational Expenses Preferred Stock Gross Sales Prepaid Expenses Long-term Debt Retained Earnings, April 30, 2020 Accounts Payable Acumulated Amortization: Equipment, April 30, 2020 Invintory, April 30, 2019 Income Taxes Payable Amortization: Equipment Goodwill... Mortgage, due 2027 Notes Payable Other Investments Sales Discounts Marketable Securities Accrued Expenses Payable Equipment, cost Common Stock Purchases Administrative Expenses Accounts Receivable Current Portion Long-term Debt Land Amortization: Building Cash Inventory, April 30, 2020 Accumulated Amortization: Building, April 30, 2020 Interest Expense Income Tax Expense Net Income After Tax 72.8 2843 26.7 24.2 10.1 497.0 23.4 62.4 208.4 .106.0 246.1 72.5 2,043,8 1 26.9 38.3 18.9 520,4 25.9 143.0 77.8 32.5 153.6 230.6