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hichkok12 [17]
3 years ago
5

During fiscal 2016, Plastics and Synthetic Resins Company recorded cash of $87,800 from customers for accounts receivable collec

tions. Which of the following financial statement effects template entries captures this transaction?
Balance Sheet Income Statement Cash Assets + Noncash Assets=Liabilities +Contributed +Earned Revenues-Expenses=Net IncomeCapital Capital a. Balance Sheet Income StatementCash Assets + Noncash Assets = Liabilities + Contributed + Earned Revenues - Expenses =Net IncomeCapital Capital +87,800 +87,800 +87,800 - = +87,800b. Balance Sheet Income StatementCash Assets + Noncash Assets = Liabilities + Contributed + Earned Revenues - Expenses =Net IncomeCapital Capital +87,800 -87,800 (AR)c. Balance Sheet Income StatementCash Assets + Noncash Assets = Liabilities + Contributed + Earned Revenues - Expenses =Net IncomeCapital Capital +87,800 (AR) +87,800 +87,800 - = +87,800d. Balance Sheet Income StatementCash Assets + Noncash Assets = Liabilities + Contributed + Earned Revenues - Expenses =Net IncomeCapital Capital -87,800 +87,800 (AR)
Business
1 answer:
mr Goodwill [35]3 years ago
4 0

Answer:

Correct option is B

Explanation:

When cash is received from accounts receivables, it only impacts on balance sheet that too, only on cash assets and non cash assets.

Cash will be increased and non cash asset accounts receivables will be decreased, everything else will remain constant.

Thus correct option is B

Where Cash Assets = + $87,800

Non Cash Assets = - $87,800

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At the beginning of 2019, a corporation had assets of $270,000 and liabilities of $160,000. During 2019, assets increase $25,000
Doss [256]

Answer:

Shareholders Equity = $130000

Explanation:

given data

asset beginning  = $270,000

liabilities beginning = $160,000

assets increase = $25,000

liabilities increase =  $5,000

solution

Shareholders Equity on Dec 31 , 2014 is $111000

first we get here total Assets that is express as

total Assets = Assets at the beginning + assets increase   ...............1

total Assets = $270000 + $25,000

total Assets = $295000

now we get total Liabilities that is

total Liabilities = Liabilities at beginning + liabilities increase   ...........2

total Liabilities = $160,000 +  $5,000

total Liabilities = $165000

so here Shareholders Equity will be as

Shareholders Equity = total Assets - total Liabilities    ..............3

Shareholders Equity = $295000 - $165000  

Shareholders Equity = $130000

4 0
3 years ago
A report that shows the financial picture of a company at a given time and itemizes assets, liabilities, and stockholders' equit
Allisa [31]

Answer:

Balance sheet is the correct answer because it tells about the worth of company, its assets, shareholders funds (Equity) and amount borrowed by the company (Liability). Balance sheet is also known as Statement of Financial Position (SOFP)

All the other options tells about the earnings and costs of the company not about the assets and liabilities of the company.

6 0
3 years ago
Here is a question for you to practice your intuition... imagine a deluge in the city versus the forest. why does urbanization (
Serga [27]

The correct answer is B. Urbanization lowers the peak discharge of streams and decreases the lag time after a rainstorm.

4 0
3 years ago
How is "Value" assigned to assets
konstantin123 [22]
They use The Economic Analysis Method to assign an monetary value, because it is often difficult to assign a value. This approach ( The Economic Analysis Method) states that, the patents value is the replacement cost, or at least the right amount to replace the protection right on the invention.

I hope this answered your question! :^)
3 0
3 years ago
1) You are considering purchasing a 20 year bond from Saudi Arabia. You have a required return
inessss [21]

Answer:

$812.20

Explanation:

Given the following bond characteristic:

Coupon rate = 12%

Market or yield rate = 15%

Years to maturity = 20 years

Face or par value = $1000

Inputting the values into a bond value calculator, the bond value output is : $812.20

This means that the sum of the present value of all likely coupon payment and par at maturity. It is simply the present value of all cash streams it is projected to generate.

6 0
3 years ago
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