The liabilities of Barney Barn are equal to 1/3 of the total assets. The owner's equity is P 6,300,500. What is the amount of the liabilities?
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- *see attached Determine the total current liabilities:a. P 1,300,000b. P 1,800,000c. P 2,200,000d. P 3,600,00020. I MISS HIGH SCHOOL INC. leased a machine from ANYARE SA COLLEGE LTD. on January 01, 2019. The first annual payment was made on January 01, 2020. The machine has an economic life of six years. The lease agreement requires four annual payments of P33,000, including P3,000 annual payment for repairs and maintenance. At the end of the lease term, the machine will be returned to ANYARE SA COLLEGE LTD. A residual value in the amount of P5,000 has been guaranteed by I MISS HIGH SCHOOL INC. Interest implicit in the lease is 10% which is known to I MISS HIGH SCHOOL INC. For the year ended December 31, 2020, what would I MISS HIGH SCHOOL INC. record in relation to the lease? Round present value factors to five decimal places.*see attached What is the total unearned interest income? a. 3,052,705b. 2,652,705c. 2,252,705d. 6,000,000
- 5 - Our company has purchased a land for 472.000 TL including 18% VAT. Which of the following accounts is correct to use in the relevant accounting record ? a) 191 VAT Deductible 72.000 TL (Creditor) B) 250 Land and Lands Hs. 400.000 TL (Creditor) NS) 391 Calculated VAT Hs. 72.000 TL (Borrower) D) 252 Buildings Hs. 72.000 TL (Borrower) TO) 250 Land and Lands Hs. 400.000 TL (Borrower)the fixed assets 9 250 ID , Current assets 11 600 ID , short term liabilities 2 040 ID , Long term liabilities 5 400 ID , the capital in 31/12 areIf beginning and ending interest receivable were P16,000 and P5,000, respectively. Total interest income for the period amounted to P52,000, how much would be the amount of interest collections for the period?a. P31,000 c. P52,000b. P41,000 d. P63,000
- Cash Prepaid Insurance Accounts Receivable Inventory Land Held for Investment Land Buildings Less Accumulated Depreciation Trademark Total Assets NashAuto Supplies Balance Sheet December 31, 2021 Accounts Payable Salaries and Wages Payable Mortgage Payable Total Liabilities Common Stock Retained Earnings $ 39000 80000 99000 142000 182000 251000 $197000 (65000) 132000 142000 $1067000 Equity of liabilitior to ho clarified as current liabilities is Total Liabilities and Stockholders $397000 332000 $ 129000 54000 155000 338000 729000 $1067000*see attached What is the net rent income for the current year? *a. 275,000b. 290,000c. 350,000d. 365,000What amount should be reported as total current liabilities? a. 7,200,000 b. 4,700,000 c. 6,200,000 d. 5,100,000
- 1. 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?Total value of assets of M as follows: [House 20M: House hold furniture 2M; and personal car 5M; Cash 3057864]. How much Zakah is payable by M? ANSWER FORMAT: 12345.70 Answer:If current assets = OMR125, net fixed assets = OMR300, long- %3D %3D term debt = OMR80, and owners' equity = OMR275, what is the %3D value of current liabilities if it is the only other item on the balance sheet? Select one: O a. OMR 70 O b. OMR240 O c.-OMR35 O d.OMR425 O e. OMR 35