Question

AutoSave Off 2020 Spring Mid Term Compatibility Mode - Word Search Ekta 02 X Share Comments File Home Insert Draw Design Layout References Mailings Review View Help Find Times New Rom 12 AA Aar A SEE AL AaBbcc AC AaBbCd AaBbCct AaBbccI LE Sc Replace Paste Β Ι Ο ab x Aro.Ar 1 Heading 1 1 Heading 2 1 Heading 3 1 Heading 4 1 Normal h Select Clipboard Font Paragraph Styles Editing ..1............1......2...1...3...1...4...1...5...1...6......7 Dictate Sensitivity Editor x KI Voice Sensitivity Editor 1. You have some inventory of wire at year end. Your company will use it next year to make hangars. The wire costs your company $10,000 to purchase this past October. Wire prices have dropped 30% since you bought this wire. What value will you give this wire on your December 31st balance sheet? 2. The Accounting Equation for the Balance Sheet is: 3. Some expenses are accrued. Give an example and explain why. 4. Describe what is included in the Current Asset section of the Balance Sheet: Page 2 of 8 710 words DX English (United States) O Focus 100%

Answer 1

tu Current Awet section of the Balance sheet. It is they type of duets which can be converted into canhe cash ag cuivalent within one year. gtem include in Carmt Assets o Inventory Prepaid ex penis Deltor, Arromt, Receivalle 1 ' ) M Notes Receitable mature coithin One year Cash & cash equivalent. v)