Calculate the Current assets from the following: Current liabilities $35978, Current ratio 3. a $11992.70 b $11900 c $107934
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H1.
Question 4.
Calculate the Current assets from the following: Current liabilities $35978,
a $11992.70
b $11900
c $107934
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- Determine the missing amount from each of the seperate situations given below. Assets = Liabilities + Equity = $94,000 + $29,000 $110,000 = $40,000 + $144,000 = + $62,000E5.3B (L0 1,2) (Classification of Balance Sheet Accounts) Assume that Clark Enterprises uses the following headings on its balance sheet. (a) Current assets. (f) Current liabilities. (b) Investments. (g) Long-term liabilities. (c) Property, plant, and equipment. (h) Capital stock. (d) Intangible assets. (i) Paid-in capital in excess of par. (e) Other assets. (j) Retained earnings. Instructions Indicate by letter how each of the following usually should be classified. If an item should appear in a note to the financial statements, use the letter “N” to indicate this fact. If an item need not be reported at all on the balance sheet or the notes to the financial statements, use the letter “X.” 1. Twenty-year issue of bonds payable that will 5. Salaries that company budget shows will be mature within the next year. (No sinking fund paid to employees within the next year. exists, and…Assets - Liabilities = Owner's Equity $81, 600 $17,000 ? 430,185 ? $373,065 44,625 42,917 ? ? 591,600 843,285 974,534 ? 319,439 Calculate the missing values indicated with a ?
- Find out the missing value assets in an accounting equation if liabilities is OMR 320000 and capital is OMR 119000 Select one : O a . OMR 439000 assets O b . OMR 201000 assets O c . OMR 349000 assets O d . OMR 102000 assets Clear my choiceIf current assets are P90,000 and total assets are P270,000, what percentage of total assetsare current assets?For each of the following independent cases, fill in the blank with the appropriate dollar amount. Assets = Liabilities + Owners' Equity Case 1 $147,700 = $65,600 + $ ? Case 2 $508,200 = $ ? + $194,200 Case 3 $ ? = $170,400 + $199,200
- LO1 - Describe the specific elements of the balance sheet (assets, liabilities, and owners’ equity), and prepare a balance sheet with assets and liabilities properly classified into current and noncurrent categories. A balance sheet contains the following classifications: (a) Current assets (b) Investments (c) Property, plant, and equipment (d) Intangible assets (e) Other noncurrent assets (f) Current liabilities (g) Long-term debt (h) Other noncurrent liabilities (i) Capital stock (j) Additional paid-in capital (k) Retained earnings Indicate by letter how each of the following accounts would be classified. Place a minus sign (-) for all accounts representing offset or contra balances. Discount on Bonds Payable Stock of Subsidiary Corporation 3.12% Bonds Payable (due in six months) U.S. Treasury Bills Income Taxes Payable Sales Taxes Payable Estimated Claims under Warranties for Service and Replacements Par Value of Stock Issued and Outstanding Unearned Rent Revenue (six months…Income 31955 , assets 213000, assets at end year, 259000. What return on assetsIf the value of liabilities is 80000 OMR and owner's equity is 30000 OMR. Calculate the amount of Assets? Select one: a. 110000 OMR b. 100000 OMR c. 90000 OMR d. 10000 OMR
- Determine the missing amount for each of the following: Assets = Liabilities + Owner's equity a. x = $556,000 + $3,374,000 b. $6,111,200 = x + $5,725,000 c. $2,150,000 = $812,500 + xCalculate the missing value (in $) according to the accounting equation. Assets Liabilities Owner's Equity $15,808,000 $8,338,500 $Total assets = $900, fixed assets = $600, long-term debt = $500, and short-term debt = $200. Total equity? A. $0B. $100C. $200D. $300