Homework Answers
ANSWER
TOTAL ASSET OF KIM CONSULTING =$65530
BY ADDING ALL ASSETS WE GET TOTAL ASSET THAT IS CASH($23120),ACCOUNT RECEIVABLES($200),PREPAID RENT($360),SUPPLIES($600) AND EQUIPMENT($41250)
$23120+$200+$360+$600+$41250=$65530
AS PER ACCOUNTING ASSET IS A RESOURCE WITH ECONOMIC VALUE THAT AN INDIVIDUAL,CORORATION OWNS OR CONTROLS WITH THE EXPECTATION THAT IT WILL PROVIDE FUTURE BENEFITS.
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