(please show how you got the answer) 2. A business has the following items in it: - Land 500 000 - Machinery 40 000 - Cash 60 000 - Loan? - Owner's equity 250 000 What is the value of the loan? A) 350 000 B) 850 000 C) 1 000 000 D) 1 030 000

(please show how you got the answer) 2. A business has the following items in it: - Land 500 000 - Machinery 40 000 - Cash 60 000 - Loan? - Owner's equity 250 000 What is the value of the loan? A) 350 000 B) 850 000 C) 1 000 000 D) 1 030 000

Name: (please show how you got the answer)2. A business has the following it
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Description: (please show how you got the answer)2. A business has the following items in it: - Land 500 000- Machinery 40 000- Cash 60 000- Loan?- Owner's equity 250 000 What is the value of the loan?A) 350 000B) 850 000C) 1 000 000D) 1 030 000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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A business has the following in it: - Land 750 000 - Machinery 40 000 - Cash 10 000 - Owner's equity 450 000 - Loan 250 000 - Creditors? What is the value of the creditors? A) 100 000 B) 7 00 000 C) 900 000 D) 1500 000 please show how you got it
1. A business has the following items in it: - Land 2 000 000 - Machinery 40 000 - Cash 20 000 - Owner's equity 1 000 000 - Debt? What is the value of debt and how is it calculated A) 1 060 000 b) 3 060 000 C) 840 000 D) 1 010 000 (please show how you got the answer) 2. A business has the following items in it: - Land 500 000 - Machinery 40 000 - Cash 60 000 - Loan? - Owner's equity 250 000 What is the value of the loan? A) 350 000 B) 850 000 C) 1 000 000 D) 1 030 000 3. A business has the following items in it: - Owner's equity: 1 200 000 - Total liabilities 2 800 000 Assets? What is the value of assets in this business? a) 300 000 b) 400 000 c) 1 600 000 d) 4 000 000 e) none of the above 4. A business has the following in it: - Land 750 000 - Machinery 40 000 - Cash 10 000 - Owner's equity 450 000 - Loan 250 000 - Creditors? What is the value of the creditors? A) 100 000 B) 7 00 000 C) 900 000 D) 1500 000
A business has the following items: - Land R? - Vehicles R600 000 - Debtors R120 000 - Cash R30 000 - Owners equity R1 000 000 - Long-term Loan R500 000 - Creditors control R50 000 What is the value of the land?
A business has Cash RO 5000, Receivables RO 2000, Land RO 10,000 and Loan RO 10,000, What is the amount of equity in the business? a. RO 7000 b. RO 17,000 c. RO 15,000 d. RO 10,000
A business has Cash RO 10,000, Receivables RO 4000, Land RO 20,000 and Loan RO 20,000. What is the amount of assets in the business? a. RO 14,000 b. RO 20,000 c. RO 30,000 d. RO 34,000
please show me how you got answer A business has the following items in it: - Owner's equity: 1 200 000 - Total liabilities 2 800 000 Assets? What is the value of assets in this business? a) 300 000 b) 400 000 c) 1 600 000 d) 4 000 000 e) none of the above
7: Purchased a building with a market value of $ 120 comma 000$120,000, and land with a market value of $ 24 comma 000$24,000. The business paid $ 45 comma 000$45,000 cash and signed a note payable to the bank for the remaining amount I'm confused as too which is credit and how to add the answer to the balance sheet etc.
A business has Building worth RO 5000, Cash RO 2500, Accounts payable RO 2000, unearned revenue RO 2000, Furniture RO 500, Rent payable RO 2000. The owner’s equity would be. a. RO 2500 b. RO 5000 c. RO 2000 d. RO 3000
Please help share how to get to solution 5. A business has the following items in it - Land 1 000 000 - Vehicles? - Debtors 60 000 - Cash 15 000 - Owner's equity 900 000 - Loan 250 000 - creditors 25000 what is the value of vehicles A. 100 000 B. 200 000 C. 1 275 000 D. 1 175 000 E. None of the above 6. The following information relates to Star Outlet Opening stock: 1 000 000 Purchases 300 000 Closing sto k 500 000 The cost of Sales is: A. 1 800 000 B. 800 000 C. 700 000 D. 200 000 E. None of the above''
I need help with these homework questions for accounting Merle Company pays $3,000 towards the amount owed due to the equipment purchase. The effect to equity would be: (Type your numeric answer) Merle company pays $3,000 towards the amount owed due to equipment purchase. The effect to Liabilities would be: (Type your numeric answer) Merle company pays $3,000 towards the amount owed due to the equipment. The effect to Assets would be: (Type your numeric answer) Merle company earns $9,000 from services preformed. The effect to Equity would be: (Type your numeric answer)
The accounting equation for Goodboy's enterprises is as follows: Assets Liabilities Owner's Equity $120,000 = $60,000 + $60,000, If Goodboy's purchases office equipment on account for $12,000, the accounting equation will change to? Show Solution.
The accounting equation for Cineo Enterprises is as follows: Assets Liabilities Owner’s Equity $120,000 = $60,000 + $60,000 If Cineo purchases office equipment on account for $15,000, the accounting equation will change to Select one: a. $135,000 = $60,000 + $75,000 b. $135,000 = $67,500 + $67,500 c. $120,000 = $60,000 + $60,000 d. $135,000 = $75,000 + $60,000