HACC Eagle Inc Cost of Goods Net Property Long Term Debt & Payables Exam Practice
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Self Assessment
Final Test Review
Test Review – Using the amounts shown below from the end of 2020 for Eagle, Inc. (except for retained earnings which is from the beginning of 2020) answer the following questions
Net Sales | 78,812 | |
Cost of Goods Sold |
51,422 | |
Net Property and Equipment |
24,637 | |
Selling, General and Administrative Exp |
16,597 | |
Long-Term Debt |
14,724 | |
Inventory |
11,057 | |
Accounts Payable |
7,497 | |
Capital Stock |
5,427 | |
Retained Earnings |
4,032 | |
Income Tax Expense |
3,082 | |
Dividends |
2,322 | |
Other Long-Term Liabilities |
2,042 | |
Cash |
1,929 | |
Interest Payable |
46 | |
Depreciation Expense |
1,627 | |
Salaries Payable |
1,428 | |
Accounts Receivable, net |
2,000 | |
Unearned Revenue |
1,337 | |
Prepaid Insurance |
895 | |
Interest Expense |
699 | |
Income Taxes Payable |
526 | |
Sales Taxes Payable |
396 |