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muminat
3 years ago
12

A company's balance sheet shows: cash $28,000, accounts receivable $34,000, equipment $58,000, and equity $76,000. what is the a

mount of liabilities?
Business
2 answers:
fredd [130]3 years ago
7 0
The amount of liabilities is $196,000
spin [16.1K]3 years ago
5 0

Answer:

Assuming the company's balance sheet is only comprised of the given items, the amount of liabilities will be $44,000

Explanation:

We apply the Basic Accounting Equation to show the problem.

We have:

Total Assets = Total Liabilities + Total Equity <=> Total Liabilities = Total assets - Total equity.

In which:

Total asset = Cash + Account Receivables + Equipment = 28,000 + 34,000 + 58,000 = $120,000;

Total equity is given at $76,000

=> Total Liabilities = $120,000 - $76,000 = $44,000.

So, the answer is $44,000.

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castortr0y [4]

If Sarah is in the income tax band that has a marginal rate of 24%, the amount of the deduction that must be taken in order to generate a tax advantage that is equivalent to that provided by the child care credit is x = 5000.

This is further explained below.

<h3> What amount of deduction is necessary to provide a tax benefit that is equal to that provided by the child care credit if Sarah is in the 24% marginal income tax bracket?</h3>

Generally, The proportion of an individual's income that must be paid in taxes is referred to as that person's marginal tax rate.

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In conclusion,

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6 0
1 year ago
What is the relationship between gold standard and the concept of representative money?
ANTONII [103]
<span>It is the value of the gold that backs the value of representative money.</span>
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3 years ago
The term ____ refers to tangible choices such as - in the case of a new venture - investing in research and development for new
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Answer:

b. substitutes

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