is revenue listed as a current asset on a balance sheet?
is revenue listed as a current asset on a balance sheet?
Homework Answers
No. Revenue is an Income statement Item. so it will not listed in balance sheet
In income statement we list income ( revenue) and Expenses
we get profit by deducting expense from revenue. The profit will go to balance sheet under retained earnings
In balance sheet we list Assets and Liabilities
Please comment if you have any doubt
Most liquid asset, listed first in current assets section of the balance sheet. Two general types:...
Most liquid asset, listed first in current assets section of the balance sheet. Two general types: ______ _____ maturities of less than or equal to 3 months. _________ _______ – reported separately from cash or disclosed in notes to financial statements.
Intangible assets are Olisted directly under current assets on the balance sheet O not listed on...
Intangible assets are Olisted directly under current assets on the balance sheet O not listed on the balance sheet because they do not have physical substance listed after property, plant, and equipment O listed as a long-term investment on the balance sheet
How would these accounts be listed in the Balance sheet such as Current Assets, Current Liabilities..etc Cash Accounts R...
How would these accounts be listed in the Balance sheet such as Current Assets, Current Liabilities..etc Cash Accounts Receivable Prepaid Insurance Prepaid Rent Software Inventory Office Supplies Equipment - Computer Accumulated Depreciation - Computer Furniture Accumulated Depreciation - Furniture Accounts Payable Salaries Payable Refund Payable unearned revenue Owner's, Capital Owner's, Withdrawals Cost of Goods Sold Estimated Returns Inventory Sales Revenue Service Revenue Thank you.
Prepaid insurance is reported on the balance sheet as a O a current asset b. current liability c. fixed asset d. lo...
Prepaid insurance is reported on the balance sheet as a O a current asset b. current liability c. fixed asset d. long-term liability
For each account listed, write the type of account (Asset, Liability, Equity, Revenue or Expense) and...
For each account listed, write the type of account (Asset, Liability, Equity, Revenue or Expense) and what statement it goes on (Income Statement, Statement of Retained Earnings or Balance Sheet) Account Name Account Type Statement Cash Accounts Payable Accounts Receivable Prepaid Insurance Unearned Revenue Rent Payable Rent Salaries Utilities Sales Fees Earned Common Stock Retained Earnings (Beginning Balance) Retained Earnings (Ending Balance) Inventory Supplies Supplies Expense Dividends Insurance Buildings
HELP! The current asset section of Stibbe Pharmaceutical Company’s balance sheet included cash of $26,000 and...
HELP! The current asset section of Stibbe Pharmaceutical
Company’s balance sheet included cash of $26,000 and accounts
receivable of $46,000. The only other current asset is inventory.
The company’s current ratio is 2.1 and its acid-test ratio is
1.6.
Determine the ending balance in inventory and total current
liabilities.
The current asset section of Stibbe Pharmaceutical Company's balance sheet included cash of $26,000 and accounts receivable of $46,000. The only other current asset is inventory. The company's current ratio is...
Accrued revenues are ordinarily listed on the balance sheet as current liabilities. True False
Accrued revenues are ordinarily listed on the balance sheet as current liabilities. True False
Exercise 7-40 Balance Sheet Presentation Listed below are items that may appear on a classified balance...
Exercise 7-40 Balance Sheet Presentation Listed below are items that may appear on a classified balance sheet. Required: Indicate whether each item is included as an operating asset on a classified balance sheet. If the item is an operating asset, indicate whether the item is property, plant, and equipment; an intangible asset; or a natural resource as well as the cost allocation process used (depreciation, amortization, or depletion). If the item is not an operating asset, indicate the proper balance...
Balance Sheet 2019 2020 2021 Asset Current Asset Cash ? ? ? Accounts Receivable 120000 100000...
Balance Sheet 2019 2020 2021 Asset Current Asset Cash ? ? ? Accounts Receivable 120000 100000 150000 Prepaid Expenses 8000 5000 2000 Future Tax Asset ? ? ? Long-term Asset ? Total Assets Liabilities Current Liabilities Accounts Payable 100000 80000 90000 Unearned Revenue 10000 8000 12000 Future Tax Liabilities ? ? ? Long-term Liabilities ? Total Liability Shareholders' Equity Retained Earnings ? ? ? Common Equity 200000 200000 200000 Total Shareholders' Equity Total Liability and Equity Company A started at...
The current asset section of Stibbe Pharmaceutical Company's balance sheet included cash of $22,000 and accounts...
The current asset section of Stibbe Pharmaceutical Company's balance sheet included cash of $22,000 and accounts receivable of $42,000. The only other current asset is inventory. The company's current ratio is 2.5 and its acid-test ratio is 2.0. Determine the ending balance in inventory and total current liabilities. Inventory Current liabilities
Intangible assets are Olisted directly under current assets on the balance sheet O not listed on the balance sheet because they do not have physical substance listed after property, plant, and equipment O listed as a long-term investment on the balance sheet
Prepaid insurance is reported on the balance sheet as a O a current asset b. current liability c. fixed asset d. long-term liability
For each account listed, write the type of account (Asset, Liability, Equity, Revenue or Expense) and what statement it goes on (Income Statement, Statement of Retained Earnings or Balance Sheet) Account Name Account Type Statement Cash Accounts Payable Accounts Receivable Prepaid Insurance Unearned Revenue Rent Payable Rent Salaries Utilities Sales Fees Earned Common Stock Retained Earnings (Beginning Balance) Retained Earnings (Ending Balance) Inventory Supplies Supplies Expense Dividends Insurance Buildings
HELP! The current asset section of Stibbe Pharmaceutical
Company’s balance sheet included cash of $26,000 and accounts
receivable of $46,000. The only other current asset is inventory.
The company’s current ratio is 2.1 and its acid-test ratio is
1.6.
Determine the ending balance in inventory and total current
liabilities.
The current asset section of Stibbe Pharmaceutical Company's balance sheet included cash of $26,000 and accounts receivable of $46,000. The only other current asset is inventory. The company's current ratio is...
Exercise 7-40 Balance Sheet Presentation Listed below are items that may appear on a classified balance sheet. Required: Indicate whether each item is included as an operating asset on a classified balance sheet. If the item is an operating asset, indicate whether the item is property, plant, and equipment; an intangible asset; or a natural resource as well as the cost allocation process used (depreciation, amortization, or depletion). If the item is not an operating asset, indicate the proper balance...
The current asset section of Stibbe Pharmaceutical Company's balance sheet included cash of $22,000 and accounts receivable of $42,000. The only other current asset is inventory. The company's current ratio is 2.5 and its acid-test ratio is 2.0. Determine the ending balance in inventory and total current liabilities. Inventory Current liabilities
Most questions answered within 3 hours.
-
Please explain/demonstrate how to use NLTK to test unigram,
bigram, and trigram character models on guessing...
asked 3 minutes ago -
what you feel is most important to you and why regarding your
typing skills?
asked 4 minutes ago -
Consider a play of the casino game `Quick Draw'. In this game, a
player pays $11...
asked 14 minutes ago -
How do the mechanical features of bone affect its roles as
repositories of phosphate and calcium,...
asked 18 minutes ago -
P agreed to buy 100 barrels of widget oil, which was stored in a
large tank...
asked 18 minutes ago -
The unstable isotope 40K is used for dating rock samples. Its
half-life is 1.28×109y. How many...
asked 21 minutes ago -
Compare and contrast constructed-response items and
selected-response items.
Identify at least one (1) advantage and one...
asked 23 minutes ago -
A) Find the moment of inertia of a 2 meter long stick with a
mass of...
asked 22 minutes ago -
For the code below write a public static main() method
in class Student that:
- creates...
asked 24 minutes ago -
Please show all steps. Thank you
A 1.0-cm-diameter pipe widens to 2.0 cm, then narrows to...
asked 37 minutes ago -
The equilibrium constant for the following reaction Ag+(aq) +
2NH3(aq) Ag(NH3)2+(aq) is K = 1.7 ×...
asked 45 minutes ago -
A carbon heater element has fixed resistance of 28 Ohms. It is
connected to an A/C...
asked 46 minutes ago