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Nitella [24]
3 years ago
13

Kilgore Company experienced the following events during its first accounting period. (1) Issued common stock for $5,000 cash. (2

) Earned $3,000 of cash revenue. (3) Paid a $4,000 cash to purchase land. (4) Paid cash dividends amounting to $400. (5) Paid $2,200 of cash expenses. The market value of the land at the end of the accounting period was $4,300. Based on this information the amount of total assets appearing on the year-end balance sheet is
Business
1 answer:
Nikitich [7]3 years ago
4 0

Answer: $5400

Explanation:

An asset is a property or an item that is owned by an economic entity such as an individual or firm which has a value and can be used by its owner to meet obligations and liabilities.

Based on this information the amount of total assets appearing on the year-end balance sheet will be:

Cash Revenue - Cash expenses

= $5000 + $3000 - $4000 - $400 - $2200

= $1400

Land = $4000

Cash + Land

= $1400 + $4000

= $5400

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V. Wheat is the main input in the production of flour. If the price of wheat decreases, then we would expect:
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Answer:

3. Supply of flour to increase.

Explanation:

The situation above is showing a<em> direct proportional relationship</em> between the "wheat," as a main ingredient of flour, and the flour itself.

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3 years ago
Sourcing a supply from a small, women-owned business is an example of a corporate social responsibility action to?
WARRIOR [948]

Sourcing a supply from a small, women-owned business is an example of a corporate social responsibility action to promote workforce diversity.

What is workforce diversity?

Workforce diversity means  having a workforce that comprises of people of diverse backgrounds, cultures, genders, orientations, races, perspectives and shared values.

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Find out more about corporate social responsibility on:brainly.com/question/13334545

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1 year ago
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Question 1 ronald reagan gave a speech in 1984 declaring "my dream is to see the day when nuclear weapons will be banished from
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3 years ago
An employee earns $16 per hour and 1.75 times that rate for all hours in excess of 40 hours per week. assume that the employee w
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Total pay for this week = $16*40 + $16*1.75*10 = $920

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Total deductions = 1447.20 +361.80+212 = 2,021

Total Net Pay = 24,120 -2,021 =$22,099

7 0
2 years ago
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