Category Prior year Current year Accounts payable...
60.1K
Verified Solution
Link Copied!
Question
Finance
| Category | Prior year | Current year |
| Accounts payable | 41,400 | 45,000 |
| Accounts receivable | 115,200 | 122,400 |
| Accruals | 16,200 | 13,500 |
| Additional paid in capital | 200,000 | 216,660 |
| Cash | ??? | ??? |
| Common Stock @ par value | 37,600 | 42,000 |
| COGS | 131,400 | 177,595.00 |
| Depreciation expense | 21,600 | 22,424.00 |
| Interest expense | 16,200 | 16,176.00 |
| Inventories | 111,600 | 115,200 |
| Long-term debt | 135,000 | 138,840.00 |
| Net fixed assets | 375,378.00 | 399,600 |
| Notes payable | 59,400 | 64,800 |
| Operating expenses (excl. depr.) | 50,400 | 65,728.00 |
| Retained earnings | 122,400 | 136,800 |
| Sales | 255,600 | 336,849.00 |
| Taxes | 9,900 | 19,415.00 |
What is the entry for the current year's operating expense on a common-sized income statement?
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.