QUIZ1

FINACC3
1ST SEM. S.Y. 2016-2017
1 Accounts Receivable
Cash
Prepaid Rent
Inventory
Short Term Investment
Current Assets

36,600.00
17,700.00
13,600.00
81,800.00
15,200.00
164,900.00

2 Wages Payable
Dividend Payable
Taxes Payable
Accounts Payable
Current Liabilities

25,600.00
14,000.00
22,800.00
24,800.00
87,200.00

3 Accounts Payable

108,900.00

Unearned Rent Revenue

Estimated Liability under Warranties
Bonds Payable
Discount on Bonds Payable
Total Liabilities

28,800.00
25,800.00
555,000.00
(22,500.00)
696,000.00

4 Balance
Account Payable
Bonds Payable
Discount on Bond Payable
Dividends Payable
Current Liabilities

200,000.00
30,000.00
50,000.00
(6,000.00)
16,000.00
290,000.00

1,050,000.00
680,000.00
370,000.00
125,000.00
(80,000.00)
110,000.00
525,000.00

2007 Total Assets

Total Liabilities
Equity
Issuance of Shares
Dividends Paid
Net Income
Equity-2008

10

Common Stock
Additional Paid in Capital
Treasury Stock, at Cost
Net unrealized holding loss on Available for Sale Securitites
Retained Earnings - Appropriated for Uninsured Earthquake Losses
Retained Earinings - unappropriated
Total owner's equity
Telephone Expense
Legal expense
Office Salaries
General and Administrative expenses
Pretax
Depreciation deducted for tax purposes in excess of depreciation
recorded on the books
Income from installment sale reportable for tax purposes in excess of income recog
Taxable Income
Income Tax Payable
Pretax
Rent Income
Depreciation Exepnse
Premium on officer's life insurance
Taxable Income
Income Tax Payable
Pretax
Warranty expense
Depreciation expense
Premiums on officers' life insurance
Taxable Income
Current Tax Expense

300,000.00
400,000.00
(25,000.00)
(10,000.00)
75,000.00
100,000.00
840,000.00
95,000.00
74,000.00
115,000.00
284,000.00
360,000.00
(16,000.00)
12,000.00
356,000.00
30%
106,800.00
1,000,000.00
(50,000.00)
(60,000.00)
90,000.00
980,000.00
30%
294,000.00
300,000.00
15,500.00
(50,000.00)
60,000.00
325,500.00
40%
130,200.00

DILEMMA COMPANY
STATEMENT OF FINANCIAL POSITI
31-Dec-15
ASSETS
CURRENT ASSETS
CASH
FINANCIAL ASSETS AT FAIR VALUE
ACCOUNTS RECEIVABLE
Less: Allowance for Doubttful Accounts
INVENTORY
PREPAID EXPENSES
NON CURRENT ASSETS
PROPERTY, PLANT AND EQUIPMENT
LAND
BUILDING
MACHINERY AND EQUIPMENT, NET
INTANGIBLE ASSETS
TOTAL ASSETS

LIABILITIES AND SHAREHOLDERS' EQUITY

CURRENT LIABILITIES
ACCOUNTS PAYABLE
ACCRUED EXPENSES
ACCRUED INTEREST ON BONDS PAYABLE
LIABILITY FOR LOSS ON LAWSUIT
NON CURRENT LIABILITIES
BONDS PAYABLE, DUE APRIL 1 2015
DISCOUNT ON BONDS PAYABLE
NOTE PAYABLE TO BANK, DEU JULY 1 2014
TOTAL LIABILITIES
SHAREHOLDERS' EQUITY
SHARE CAPITAL, 40,000 SAHRES AUTHORIZED
30,000 SHARES ISSUED
RSERVES (RETAINED EARNINGS APPROPRIATED FOR TREASURY
RETAINED EARNINGS
UNADJUSTED BALANCE
ADD: CANCELLATION OF APPRECIATION FOR CONTINGENCIES
TOTAL
INTEREST ACCRUED ON BONDS PAYABLE
APPROPRIATED FOR TREASURY STOCK
ACTUAL LOSS ON LAWSUIT
TREASURY SHARES
TOTAL LIABILITIES AND SHAREHLDER'S EQUITY

DILEMMA COMPANY
STATEMENT OF FINANCIAL POSITION
31-Dec-15
ASSETS

FAIR VALUE

ubttful Accounts

EQUIPMENT

AND EQUIPMENT, NET

500,000.00
5,000,000.00
1,200,000.00

LIABILITIES AND SHAREHOLDERS' EQUITY

N BONDS PAYABLE
LAWSUIT

APRIL 1 2015

K, DEU JULY 1 2014

0 SAHRES AUTHORIZED
RES ISSUED
EARNINGS APPROPRIATED FOR TREASURY

D BALANCE
ELLATION OF APPRECIATION FOR CONTINGENCIES

CCRUED ON BONDS PAYABLE

ED FOR TREASURY STOCK
S ON LAWSUIT

HLDER'S EQUITY

4,000,000.00
150,000.00
4,150,000.00
(50,000.00)
(250,000.00)
(100,000.00)

800,000.00
440,000.00
750,000.00
(50,000.00)
1,000,000.00
160,000.00

6,700,000.00
200,000.00

900,000.00
150,000.00
50,000.00
100,000.00

2,000,000.00
(200,000.00)
250,000.00

3,100,000.00

6,900,000.00
10,000,000.00

1,200,000.00

2,050,000.00
3,250,000.00

3,000,000.00
250,000.00

3,750,000.00
(250,000.00)

6,750,000.00
10,000,000.00