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Homework Answers
The cash balance
= (total liabilities +shareholders equity) - total assets other than cash
= (account payable +note payable +capital stock + retained earnings) - (land+building +account receivable +equipment)
=(19500+197000+267000+167000)-(247000+187000+47000+127000)
= $ 42500
Thus the correct answer cash = $ 42500
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Required information [The following information applies to the questions displayed below.] At December 31, 2018, the...
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Required information [The following information applies to the questions displayed below.] At December 31, 2018, the accounting records of Braun Corporation contain the following items: $ 47,000 Accounts Payable Land Capital Stock Building Retained Earnings $ 19,500 $ 247,000 ? $ 187,000 $ 167,000 Accounts Receivable Cash Equipment Notes Payable $ 127,000 $ 197,000 If Cash at December 31, 2018, is $93,000, Capital Stock is:
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Required information [The following information applies to the questions displayed below.] At December 31, 2018, the accounting records of Braun Corporation contain the following items: $ 19,500 $ 247,000 Accounts Payable Land Capital Stock Building Retained Earnings Accounts Receivable Cash Equipment Notes Payable $ 47,000 ? $ 127,000 $ 197,000 $ 187,000 $ 167,000 If Capital Stock is $327,000, total assets of Braun Corporation at December 31, 2018, amount to:
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Required information [The following information applies to the questions displayed below.] At December 31, 2018, the accounting records of Braun Corporation contain the following items: Accounts Payable Land Capital Stock Building Retained Earnings $ 19,500 $ 247,000 ? $ 187,000 $ 167,000 Accounts Receivable Cash Equipment Notes Payable $ 47,000 ? $ 127,000 $ 197,000 If Cash at December 31, 2018, is $33,000, total owners' equity is:
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Required information [The following information applies to the questions displayed below.] At December 31, 2018, the accounting records of Braun Corporation contain the following items: $ 47,000 Accounts Payable Land Capital Stock Building Retained Earnings $ 19,500 $ 247,000 ? $ 187,000 $ 167,000 Accounts Receivable Cash Equipment Notes Payable $ 127,00 $ 127,000 $ 197,000 If Cash at December 31, 2018, is $73,000, total assets amount to:
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Required information [The following information applies to the questions displayed below.] At December 31, 2018, the accounting records of Braun Corporation contain the following items: $ 47,000 Accounts Payable Land Capital Stock Building Retained Earnings $ 19,500 $ 247,000 ? $ 187,000 $ 167,000 Accounts Receivable Cash Equipment Notes Payable $ 127,000 $ 197,000 If Cash at December 31, 2018, is $93,000, Capital Stock is:
Required information [The following information applies to the questions displayed below.] At December 31, 2018, the accounting records of Braun Corporation contain the following items: $ 19,500 $ 247,000 Accounts Payable Land Capital Stock Building Retained Earnings Accounts Receivable Cash Equipment Notes Payable $ 47,000 ? $ 127,000 $ 197,000 $ 187,000 $ 167,000 If Capital Stock is $327,000, total assets of Braun Corporation at December 31, 2018, amount to:
Required information [The following information applies to the questions displayed below.] At December 31, 2018, the accounting records of Braun Corporation contain the following items: Accounts Payable Land Capital Stock Building Retained Earnings $ 19,500 $ 247,000 ? $ 187,000 $ 167,000 Accounts Receivable Cash Equipment Notes Payable $ 47,000 ? $ 127,000 $ 197,000 If Cash at December 31, 2018, is $33,000, total owners' equity is:
Required information [The following information applies to the questions displayed below.] At December 31, 2018, the accounting records of Braun Corporation contain the following items: $ 47,000 Accounts Payable Land Capital Stock Building Retained Earnings $ 19,500 $ 247,000 ? $ 187,000 $ 167,000 Accounts Receivable Cash Equipment Notes Payable $ 127,00 $ 127,000 $ 197,000 If Cash at December 31, 2018, is $73,000, total assets amount to:
Please find the answers and show how to solve:
At December 31. Year 1, the accounting records of Braun Corporation contain the following items: 10 $ 11,000 $ 230,000 30,000 Accounts Payable Land Capital Stock Building Retained Earnings Accounts Receivable Cash Equipment Notes Payable $ 170,000 $ 150,000 $ 110,000 $ 180,000 cBook If Cash at December 31, Year 1, is $56,000, total assets amounts to: Multiple Choice $607.000 $746.000 Ο Ο Ο Ο $566,000. $596,000 At December 31, Year...
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