For each of the items presented below, calculate the missing amount. No. Assets Liabilities Capital (RM) (RM) (RM) 1. 1,800 3,400 28,000 9,800 3. 19,200 6,200 8,100 7500 2. 4.
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A: Hi student Since there are multiple subparts, we will answer only first three subparts. If you want…
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Q: Question 4
A: a) Net worth is the difference between the assets and liabilities Answer: Net worth is $35,200
Q: ASSETS LIABILITIES OWNER’S EQUITY a. 760,000 360,000 ? b. 860,000 ? 592,000 c. ? 108,000 760,000
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- HOW MUCH SHOULD BE PRESENTED AS " TRADE AND OTHER RECEIVABLES" UNDER CURRENT ASSETS? This will be the choices: a. 1,125,000 b. 1,290,000 c. 1,600,000 d. 775,000How much is the total Liabilities of the business? P193,200 P259,170 P338,300 P404,170 answer not givenWhat is the value of the company's quick current assets?A. $ 164,477B. $ 305,885C. $ 243,146D. $ 486,266
- Refer to the information for Cox Inc. above. What amount would Cox record as depreciation expense at December 31, 2020, if the double-declining-balance method were used? a. $187,200 b. $192,000 c. $195,200 d. $312, 000Unusual income statement items Assume that the amount of each of the following items is material to the financial statements. Classify each item as either normally recurring (NR) or unusual (U) items. If unusual item, then specify if it is a discontinued operations item (DO). a. Interest revenue on notes receivable. b. Gain on sale of segment of the company's operations that manufactures bottling equipment. c.Loss on sale of investments in stocks and bonds. d. Uncollectible accounts expense. e. Uninsured flood loss. (Hood insurance is unavailable because of periodic Hooding in the area.)Listed below are several terms and phrases associated with current liabilities. Pair each item from List A (by letter) with the item from List B that is most appropriately associated with it. List A List B 1. Interest expense is recorded in the period interest is incurred rather than in the period interest is paid. 2. Payment is reasonably possible and is reasonably estimable. 3. Cash, current investments, and accounts receivable all divided by current liabilities. 4. Payment is probable and is reasonably estimable. 5. Gift cards. 6. Long-term debt maturing within one year. 7. Social Security and Medicare. 8. Unsecured notes sold in minimum denominations of $25,000 with maturities up to 270 days. 9. Classifying liabilities as either current or long-term helps investors and creditors assess this. 10. Incurred on notes payable. a. The riskiness of a business’s obligations. b. Current portion of long-term debt. c. Recording a contingent liability. d. Disclosure of a contingent…
- Analyze the following transactions and identify its effects on assets, liabilities, and capital. Write ? for increase, ? for decrease, NE for No effect and I/D if the effect is only in one major accounts. 1. 2. 3. 4. 5. 6. 7. 8. 9. 10.12) In the Allowance Method when we we collect on a previously written off receivableA) Assets stay the same, Net Income stays the same.B) Assets increase, Net Income increases.C) It dependsD) Assets decrease, Net Income decreases1. How much from the list od debt above? (items a to d, excluding accrued interests) should be presented as current as of December 31,2021? 2. How much from the list of debt above should be presented as non current assets as of December 31, 2021? 3. How much should be accrued, if there are any, as a result of the information in item E?
- Q11 Which of the following options is INCORRECT regarding financial assets and the subsequent measurement model(s)? Select one: a. Financial Asset: Equity instrument Management Intention: Realise fair value changes Measurement Model: Fair value, adjustments in OCI _ b. Financial Asset: Debt instrument Management Intention: Earning contractual cash flows Measurement Model: Amortised cost _ c. Financial Asset: Equity instrument Management Intention: Realise fair value changes Measurement Model: Fair value, adjustments in SPL _ d. Financial Asset: Debt instrument Management Intention: Earning contractual cash flows Measurement Model: Fair value, adjustments in OCI _The estimated amount payable to liabilities without priority is A. 7,059 B.5,709 C. 9 750 D. 9,570Which of the following items will not be shown in the balance sheet of ahotel? A. customer loyalty value B. accounts payable C. Intangible assets D. accrued taxes