based on y Question 6 Based on the following data, what are total assets? Accounts payable...

Question

Question

based on y

Add a comment Improve this question Transcribed image text

Answer 1

Answer #1

Ans.	Option 2nd $788,000

	*Calculations:

	Assets	Amount	Amount
	Current assets:
	Cash	$89,000
	Accounts receivable	$51,000
	Inventory	$137,000
	Supplies	$10,000
	Total current assets		$287,000
	Non current assets:
	Buildings	$156,000
	Equipment	$345,000
	Total non current assets		$501,000
	Total Assets		$788,000

	*Accounts payable, bonds payable and notes payable are the part of liabilities.

Add a comment

Answer 2

Similar Homework Help Questions

Multiple Choice Question 176 Based on the following data, what are total liabilities? Accounts payable Accounts...

Multiple Choice Question 176 Based on the following data, what are total liabilities? Accounts payable Accounts receivable Cash Inventory Buildings Bonds payable Supplies Notes payable Equipment $81000 66000 78000 137000 169000 505000 10700 66000 354000 $586000 $652000 $571000 $147000 Click if you would like to Show Work for this question: Open Show Work
Accounting

Based on the following data, what are total assets?Accounts payable $60000Accounts receivable 51000Cash 81000Inventory 155000Buildings 168000Bonds payable 504000Supplies 9900Notes payable 62000Equipment 369000Answer options:$895900$833900$824000$773000
CUCHILALLEMPLIFIgless Based on the following data, what is the amount of current assets? Accounts payable Accounts...

CUCHILALLEMPLIFIgless Based on the following data, what is the amount of current assets? Accounts payable Accounts receivable Cash Intangible assets Inventory Long-term investments Long-term liabilities Short-term investments Notes payable Property, plant, and equipment Prepaid insurance $60500 116000 74000 116000 145000 162500 210500 85000 57500 1350000 2000 $422000 $264000 $275000 $277000

Based on the following data, what is the amount of current assets? Accounts payable $64500 Accounts...

Based on the following data, what is the amount of current assets? Accounts payable $64500 Accounts receivable 118500 Cash 71500 Intangible assets 118500 Inventory 141000 Long-term investments 157000 Long-term liabilities 195500 Short-term investments 85000 Notes payable 56000 Property, plant, and equipment 133500 Prepaid insurance 1600 $276600 $275000 $417600 $259600
1. Based on the following data, what is the amount of working capital? Accounts payable....................$32,000 Accounts...

1. Based on the following data, what is the amount of working capital? Accounts payable....................$32,000 Accounts receivable....................64,000 Accrued liabilities....................7,000 Cash.........................................20,000 Intangible assets............................40,000 Inventory...............................................72,000 Long-term investments...............................100,000 Long-term liabilities.....................................75,000 Marketable securities.................................35,000 Notes payable (short-term)........................20,000 Property, plant, and equipment.................625,000 Prepaid expenses.........................................2,000 WHAT IS WORKING CAPITAL? a. $162,000 b. $134,000 c. $193,000 d. $62,000 2. Use the following data to determine the total dollar amount of assets to be classified as current assets. Cash..............................................$60,000 Prepaid insurance..........................40,000 Accounts receivable......................50,000 Inventory.........................................70,000 Land held for investment................80,000 Land................................................95,000...
CULTIUNI Based on the following data, what is the amount of current assets? Accounts payable..... Accounts...

CULTIUNI Based on the following data, what is the amount of current assets? Accounts payable..... Accounts receivable... Cash Intangible assets.......... Inventory..................... Long-term investments....... Long-term liabilities... ........... Short-term investments...... Notes payable.. ....................... Property, plant, and equipment......... Prepaid insurance.... $232,000 $390,000 $252,000 O $250,000 $62,000 100,000 70,000 100,000 138,000 160,000 200,000 80,000 56,000 1,340,000 2.000 ...........

Based on the following data, what is the amount of current assets? Accounts payable……………………………………………………….. $62,000 Accounts receivable…………………………………………………….. &nb

Based on the following data, what is the amount of current assets? Accounts payable……………………………………………………….. $62,000 Accounts receivable…………………………………………………….. 100,000 Cash………………………………………………………………………. 50,000 Intangible assets………………………………………………………… 100,000 Inventory…………………………………………………………………. 138,000 Long-term investments…………………………………………………. 160,000 Long-term liabilities……………………………………………………… 200,000 Short-term investments…………………………………………………. 80,000 Notes payable……………………………………………………………. 56,000 Property, plant, and equipment…………………………………………… 1,340,000 Prepaid insurance……………………………………………………….. 2,000
Total dollar amount for PP&E? X Your answer is incorrect. The following information is for Skysong...

Total dollar amount for PP&E? X Your answer is incorrect. The following information is for Skysong Auto Supplies: Skysong Auto Supplies Balance Sheet December 31, 2020 $ 41000 Accounts Payable 78000 Salaries and Wages Payable 98000 Mortgage Payable 142000 Total Liabilities 179000 250000 $ 132000 52000 155000 Cash Prepaid Insurance Accounts Receivable Inventory Land Held for Investment Land Buildings $197000 Less Accumulated Depreciation (64000) Trademark Total Assets 339000 Owner's Capital 719000 133000 137000 $1058000 Total Liabilities and Owner's Equity $1058000...
Based on the following data and assuming that the common stock account balance is $48,000, what...

Based on the following data and assuming that the common stock account balance is $48,000, what is the balance in retained earnings? Accounts Payable $62,000 Accounts Receivable 50,000 Cash 70,000 Inventory 138,000 Buildings 160,000 Bonds Payable 500,000 Supplies 8,000 Notes Payable 56,000 Equipment 340,000 $162,000 $148,000 $100,000 $218,000

Accounting

Based on the following data, what are total assets?Accounts payable $60000Accounts payable 51000Cash 81000Inventory 155000Buildings 168000Bonds payable 504000Supplies 9900Noted payable 62000Equipment 369000Answer $895900$833900$824000$773000

based on y Question 6 Based on the following data, what are total assets? Accounts payable...

Homework Answers

Add Answer to:
based on y Question 6 Based on the following data, what are total assets? Accounts payable...

Post as a guest

Earn Coins

Multiple Choice Question 176 Based on the following data, what are total liabilities? Accounts payable Accounts...

Accounting

CUCHILALLEMPLIFIgless Based on the following data, what is the amount of current assets? Accounts payable Accounts...

Based on the following data, what is the amount of current assets? Accounts payable $64500 Accounts...

1. Based on the following data, what is the amount of working capital? Accounts payable....................$32,000 Accounts...

CULTIUNI Based on the following data, what is the amount of current assets? Accounts payable..... Accounts...

Based on the following data, what is the amount of current assets? Accounts payable……………………………………………………….. $62,000 Accounts receivable…………………………………………………….. &nb

Total dollar amount for PP&E? X Your answer is incorrect. The following information is for Skysong...

Based on the following data and assuming that the common stock account balance is $48,000, what...

Accounting

based on y Question 6 Based on the following data, what are total assets? Accounts payable...

Homework Answers

Add Answer to: based on y Question 6 Based on the following data, what are total assets? Accounts payable...

Post as a guest

Earn Coins

Add Answer to:
based on y Question 6 Based on the following data, what are total assets? Accounts payable...