Find Total Current Assets.
Q: t Assets and Non-
A: The current assets are given as,
Q: Find Total Assets (Current assets + Fixed Assets)
A: SNo. Particulars Amount Debit (Rs) Amount Credit (Rs) 1 Heating & Lighting expenses To…
Q: Define current asset
A: Current Assets are those assets that are to be held for short term and can be converted into cash…
Q: Define assets and types of assets.
A: Assets: An asset is a resource controlled by the enterprise as a result of past events and from…
Q: Define Current assets
A: Introduction: Assets are the properties acquired and managed by business as a result of past events…
Q: What is non current assets ?
A: Current assets means those assets which will be converted in to cash in near future generally one…
Q: what is return on assets?
A: Return on Assets (ROA):- It is an indicator of how profitable a company is relative to its total…
Q: Describe classifications of long term assets.
A: Long-term assets: Long – term assets are those assets that are generally held by a company for more…
Q: Differentiate between permanent current assets and temporary current assets.
A: Assets: These are the resources owned and controlled by business and used to produce benefits for…
Q: Define the term net assets.
A: Net assets: The net assets are the difference between the total assets and the total liabilities of…
Q: e total current assets of
A: Current assets are the part of assets of a business entity which are recoverable within one…
Q: What is permanent operating current assets?
A: Current assets: A current asset is a corporation's cash and its other assets that are anticipated to…
Q: List of current assets
A: Asset refers to any economic value resource for an individual, corporation or a country. It…
Q: Distinguish between measuring assets based on current cost and historical cost.
A:
Q: Define current assets. What basis is used for ordering individual items within the current assets…
A: Current assets represent all the assets of a company that are expected to be conveniently sold,…
Q: Define Asset turnover ratio.
A: Definition: Asset turnover: This ratio analyzes the number of times sales or revenue generated…
Q: What is return on assets (roa ) ?? please comment own word.
A: Ratio analysis is based on the fact that a single accounting figure by itself may not communicate…
Q: What are the four major accounts that a current assets include?
A: Current assets are assets which are readily realizable or going to be realized within one year from…
Q: Current assets
A: Definition: Current Assets: Currents assets are assets which have the liquidity to covert in to…
Q: example of assets
A: Assets represents the resources of an entity that are used for generation of resources of the…
Q: Define a financial asset
A: A contractual financial instrument is classified into financial assets and liabilities. They are an…
Q: From the following, calculate what would be the total of assets on the balance sheet.
A: Asset: Assets are tangible or intangible items that are used and controlled by the company for…
Q: Determine the Total Assets value
A: Assets show the company's balance and the valuable resource controlled by the company. Assets can be…
Q: What is operating current assets?
A: Operating current assets are those short-term assets used to support the operations of a business.…
Q: Explain return on total assets (ROA)
A: Those resources that are owned by the company and have economic value is term as the assets. The…
Q: Write note on current assets.
A: Assets: These are the resources owned and controlled by business and used to produce benefits for…
Q: provide an explanation of the concept of asset acquisition cost
A: The cost incurred in purchasing an asset is referred to as asset acquisition cost. It's beneficial…
Q: Intangible assets are often combined with_______________assets for measurement and recognition in…
A: Intangible assets means those assets which do not have any physical presence and that can only be…
Q: assets equation
A: Assets Equation is: Assets = Liabilities + Capital
Q: what is current assets
A: Assets are the resources that a firm or an individual owns at a particular time. Assets are created…
Q: Distinguish between current assets and non-current assets, giving TWO examples of each type of…
A: Assets are the resources owned by an entity for running the daily operations of the business. These…
Q: Analyze the rate ofreturn on assets
A: Accounting ratio: It is a number expressed in terms of another to establish relationship among…
Q: how do you find assets
A: Assets: These are the resources owned and controlled by business and used to produce benefits for…
Q: how to Determine the total assets
A: Financial Accounting: It refers to the process of recording the financial transactions of the…
Q: Prepare the current assets section. (List Current Assets in order of liquidity.)
A: Balance sheet: Balance Sheet is one of the financial statements that summarize the assets, the…
Q: Find the net book value of assets
A: Net book value of an asset is the value of an asset in the books of company after deducting the…
Q: is tool considered as current assets?
A: Assets are the resources owned by the company. They are acquired with an intention to sell or to…
Q: Define asset allocation models
A: Definition : Asset allocation mechanisms can be understood as an investment technique that seeks to…
Q: Explain how long-lived assets are reported and analyzed.
A: Introduction:- long-lived assets means any asset which is expected to be used or hold more than one…
Q: What are the various types of short term assets? Name them.
A: Short-term assets: Short-term assets are current assets whose benefit can be benefited within a…
Q: Define Long-lived assets
A: Assets are something that contain some value or its has some future benefits. The assets can be, a.…
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- To demonstrate the difference between cash account activity and accrual basis profits (net income), note the amount each transaction affects cash and the amount each transaction affects net income. A. issued stock for cash $20,000 B. purchased supplies inventory on account $1,800 C. paid employee salaries; assume it was current days expenses $950 D. paid note payment to bank (principal only) $1,200 E. collected balance on accounts receivable $4,750Accounts payable $281,700 Prepaid insurance $6,800 Property and equipment 672,500 Contributed capital 380,600 Cost of service expense 183,600 Other revenue 114,100 Supplies inventory 216,900 Deferred revenue 83,600 Service revenue 904,000 Depreciation expense 57,750 Bonds payable 229,600 Accounts receivable 607,550 Interest receivable 4,300 Rent expense 30,500 Retained earnings 187,400 Cash 351,340 Notes payable 356,040 Accrued liabilities 23,400 Investments 146,400 Prepaid rent 11,200 Accumulated depreciation 128,900 Administrative and general expense (includes interest, utilities, etc.) 64,300 Supplies expense 336,200 Income tax payable 0 Based on the following data for Checkmate Company, prepare a Statement of Retained Earnings and demonstrate that the accounting equation remains in balance after the retained earnings account has been updated. (Assume that the…Accounts payable $281,700 Prepaid insurance $6,800 Property and equipment 672,500 Contributed capital 380,600 Cost of service expense 183,600 Other revenue 114,100 Supplies inventory 216,900 Deferred revenue 83,600 Service revenue 904,000 Depreciation expense 57,750 Bonds payable 229,600 Accounts receivable 607,550 Interest receivable 4,300 Rent expense 30,500 Retained earnings 187,400 Cash 351,340 Notes payable 356,040 Accrued liabilities 23,400 Investments 146,400 Prepaid rent 11,200 Accumulated depreciation 128,900 Administrative and general expense (includes interest, utilities, etc.) 64,300 Supplies expense 336,200 Income tax payable 0 Income tax rate is 40%Prepare adjusted trial balance and income statement
- se the information provided for Harding Company to answer the question that follow. Harding Company Accounts payable $26,495 Accounts receivable 64,133 Accrued liabilities 6,993 Cash 21,465 Intangible assets 40,744 Inventory 89,481 Long-term investments 112,445 Long-term liabilities 70,738 Notes payable (short-term) 25,963 Property, plant, and equipment 664,167 Prepaid expenses 1,026 Temporary investments 30,035 Based on the data for Harding Company, what is the quick ratio (rounded to one decimal place)?BALANCE SHEET Liabilities Amt Assets Amt Accounts payable 5,000 Machine and equipment 15,000 Long term debt 8,700 Cash on hand 1,500 Current portion of long term debts 1,700 Merchandise inventory 12,400 Accrued interest payable 1,400 Buildings and improvements 20,000 Mortgage payable 14,500 Accounts receivables 6,200 Capital 74,500 Land 50,000 Prepaid expenses 700 105,800 105,800 Compute for and interpret the following:a. Current ratiob. Working capitalc. Acid-test ratiod. Net capital ratioe. Networth ratiof. Debt/Asset ratiog. Debt/Equity ratio3. What can you say about the short-run and long-run financial conditions of Farm A?4. What do you think is the main limitation of the given information? Can you effectively analyze both the short-run and long-run positions of Farm A? Why or why not?Use the information provided for Harding Company to answer the question that follow. Harding Company Accounts payable $26,136 Accounts receivable 71,999 Accrued liabilities 6,575 Cash 16,008 Intangible assets 40,514 Inventory 77,552 Long-term investments 102,623 Long-term liabilities 70,943 Notes payable (short-term) 25,456 Property, plant, and equipment 674,580 Prepaid expenses 2,265 Temporary investments 32,175 Based on the data for Harding Company, what is the amount of quick assets? a.$120,182 b.$48,183 c.$800,315 d.$1,618,032
- A company settles a long-term note payable plus interest by paying $68,000 cash toward the principal amount and $5,440 cash for interest. The amount reported as a use of cash under cash flows from financing activities is a. $0; this is an investing activity. b. $0; this is an operating activity. c. $73,440. d. $68,000. e. $5,440.Privett Company Accounts payable $25,706 Accounts receivable 69,080 Accrued liabilities 6,802 Cash 24,669 Intangible assets 39,621 Inventory 80,854 Long-term investments 102,077 Long-term liabilities 71,722 Marketable securities 31,454 Notes payable (short-term) 20,574 Property, plant, and equipment 695,319 Prepaid expenses 2,739 Based on the data for Privett Company, what is the quick ratio, rounded to one decimal point? a.19.7 b.3.9 c.2.4 d.1.1Use the information provided for Harding Company to answer the question that follow. Harding Company Accounts payable $36,068 Accounts receivable 67,962 Accrued liabilities 6,331 Cash 21,747 Intangible assets 38,687 Inventory 88,371 Long-term investments 111,372 Long-term liabilities 75,442 Notes payable (short-term) 25,371 Property, plant, and equipment 645,701 Prepaid expenses 2,435 Temporary investments 31,403 Based on the data for Harding Company, what is the amount of working capital? a.$1,007,678 b.$643,266 c.$144,148 d.$211,918
- An entity reported the following current assets on December 31, 2020: Cash in bank 4,000,000 Accounts receivable 7,000,000 Notes receivable 2,500,000 Notes receivable discounted (400,000) Inventory 4,500,000 Financial asset – FVPL 1,000,000 Financial asset – FVOCI 1,500,000 Prepaid expenses 200,000 Deferred tax asset 2,500,000 Equipment classified as “held for sale” 2,000,000 Total 24,800,000 Customers’ accounts 5,000,000 Allowance for doubtful accounts (500,000) Sale price of unsold goods out on consignment at 125% of cost and excluded from ending inventory 2,500,000 Net accounts receivable 7,000,000 What amount should be reported as total current assets on December 31, 2020?Use the information provided for Harding Company to answer the question that follow. Harding Company Accounts payable $34,251 Accounts receivable 69,478 Accrued liabilities 6,529 Cash 23,300 Intangible assets 36,101 Inventory 89,377 Long-term investments 104,908 Long-term liabilities 70,482 Notes payable (short-term) 21,433 Property, plant, and equipment 695,698 Prepaid expenses 1,772 Temporary investments 39,777 Based on the data for Harding Company, what is the amount of working capital? a. $223,704 b. $1,060,411 c. $693,926 d. $161,491Privett Company Line Item Description Amount Accounts payable $27,815 Accounts receivable 70,978 Accrued liabilities 6,525 Cash 22,970 Intangible assets 43,640 Inventory 74,446 Long-term investments 100,209 Long-term liabilities 78,528 Marketable securities 34,768 Notes payable (short-term) 25,264 Prepaid expenses 2,065 Property, plant, and equipment 646,687 Based on the data for Privett Company, what is the amount of working capital? a. $205,227 b. $995,763 c. $128,716 d. $145,623