+1835 731 5494 Email: instantessays65@gmail.com

The total dollar amount of assets to be classified as current assets

$12.99

The total dollar amount of assets to be classified as current assets 1. The following information (in thousands) is for Zháng Office Supplies: Zháng Office Supplies Staement of Financial Position December 31, 2011 Trademark ¥70,000 Share Capital ¥120,000 Land ¥90,000 Retained Earnings 250,000 Building ¥100,000 ¥370,000 Less Accum. Depreciation (20,000) 80,000 170,000 Land held for investment 75,000 Accounts Payable 60,000 Prepaid Insurance 30,000 Salaries Payable 10,000 Inventory 70,000 Mortage Payable 90,000 Accounts Receivable 50,000 Cash 65,000 160,000 Total Assets ¥530,000 Total Equity and Liabilities ¥ 530,000 The total dollar amount of liabilities to be classified as current liabilities is a. ¥70,000. b. ¥60,000. c. ¥150,000. d. ¥160,000. 2. The following information is for Acme Auto Supplies: Acme Auto Supplies Statement of Financial Position December 31, 2011 Trademark 70,000 Accounts Payable 65,000 Land 95,000 Salaries Payable 10,000 Building $100,000 Mortage Payable 90,000 165,000 Less Accum. Depreciation (30,000) 70,000 165,000 Land held for investment 80,000 Prepaid Insurance 40,000 Inventory 70,000 Share Capital $120,000 Accounts Receivable 50,000 Retained Earnings 250,000 Cash 60,000 $370,000 Total Assets $ 535,000 Total Equity and Liabilities $ 535,000 The total dollar amount of assets to be classified as current assets is a. $220,000. b. $150,000. c. $300,000. d. $180,000. 3. The following information is for Acme Auto Supplies: Acme Auto Supplies Statement of Financial Position December 31, 2011 Trademark 70,000 Accounts Payable 65,000 Land 95,000 Salaries Payable 10,000 Building $100,000 Mortage Payable 90,000 165,000 Less Accum. Depreciation (30,000) 70,000 165,000 Land held for investment 80,000 Prepaid Insurance 40,000 Inventory 70,000 Share Capital $120,000 Accounts Receivable 50,000 Retained Earnings 250,000 Cash 60,000 $370,000 Total Assets $ 535,000 Total Equity and Liabilities $ 535,000 The total dollar amount of assets to be classified as property, plant, and equipment is a. $315,000. b. $245,000. c. $165,000. d. $195,000. 4. The following information is for Acme Auto Supplies: Acme Auto Supplies Statement of Financial Position December 31, 2011 Trademark 70,000 Accounts Payable 65,000 Land 95,000 Salaries Payable 10,000 Building $100,000 Mortage Payable 90,000 165,000 Less Accumulated Depreciation (30,000) 70,000 165,000 Land held for investment 80,000 Prepaid Insurance 40,000 Inventory 70,000 Share Capital $120,000 Accounts Receivable 50,000 Retained Earnings 250,000 Cash 60,000 $370,000 Total Assets $535,000 Total Equity and Liabilities $ 535,000 The total dollar amount of assets to be classified as investments is a. $0. b. $150,000. c. $80,000. d. $180,000. 5. The following information is for Acme Auto Supplies: Acme Auto Supplies Statement of Financial Position December 31, 2011 Trademark 70,000 Accounts Payable 65,000 Land 95,000 Salaries Payable 10,000 Building $100,000 Mortage Payable 90,000 165,000 Less Accumulated Depreciation (30,000) 70,000 165,000 Land held for investment 80,000 Prepaid Insurance 40,000 Inventory 70,000 Share Capital $120,000 Accounts Receivable 50,000 Retained Earnings 250,000 Cash 60,000 $370,000 Total Assets $ 535,000 Total Equity and Liabilities $ 535,000 The total dollar amount of liabilities to be classified as current liabilities is a. $65,000. b. $75,000. c. $155,000. d. $165,000. Business Management Assignment Help, Business Management Homework help, Business Management Study Help, Business Management Course Help

Reviews

There are no reviews yet.

Be the first to review “The total dollar amount of assets to be classified as current assets”

Your email address will not be published. Required fields are marked *