1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
lilavasa [31]
3 years ago
10

Star Corp. had the following accounts and balances in its general ledger as of December 31:

Business
1 answer:
Alex3 years ago
8 0

Answer:

=$ 25,500

Explanation:

cash equivalents will be petty cash + cash at bank

= 500+20,000+5000

=$ 25,500

Cash or cash equivalent refers to assets held in the form of cash or can easily convert into cash in less than 90 days. Examples of cash include petty cash, cash in hand, cash in the bank, and debt securities whose maturity is within 90 days. Cash or cash equivalent appears at the top on the list of assets in a balance sheet.

Marketable debt securities are short-term to bond issued by a corporation and held by another company. They are listed as a current asset if they are to be sold within one year to long term investment if they are expected to last longer. Marketable equity securities are capital instruments. They are listed as current assets if they are to be liquidated in one year or long term investment if longer.

You might be interested in
Pierre was served with a summons indicating that he had thirty days to respond
irinina [24]

Answer: Answer

Explanation: just took quiz quiz on edge

8 0
3 years ago
Faultlines are most likely to occur when teams
rjkz [21]

Answer:

have developed through to the performing stage

7 0
2 years ago
Ruth, a cashier at a private bank, strongly believes that no matter how much effort she puts in or how many hours she works over
Citrus2011 [14]

Answer:

Ruth, a cashier at a private bank, strongly believes that no matter how much effort she puts in or how many hours she works overtime, she will not be offered a promotion in the next 10 years. In this scenario, Ruth's beliefs are in accordance with the expectancy theory.

6 0
3 years ago
Which type of bankruptcy requires the liquidation of most of the debtor's assets?
8_murik_8 [283]
Chapter 7 bankruptcy is a type of bankruptcy that requires the liquidation of most of the debtor's assets. It is the most common of the bankruptcy were may debts are forgiven and a variety of assets are sold, Chapter 7 bankruptcy is favored by individuals. Under of this bankruptcy, the debtor's assets are sold off to pay the lenders.
5 0
3 years ago
___________are funds that the bank keeps on hand that are not loaned out or invested in bonds.
skad [1K]

Answer:

Reserves is your answer...

Explanation:

Hope this helps you!!!

3 0
2 years ago
Other questions:
  • Is a company that has a proven business model and is willing to sell the rights?
    9·1 answer
  • Micropreneurs are exempt from the local ordinances that restrict home-based businesses from operating in residential areas.
    13·1 answer
  • The ways in which people are similar or different from one another is
    8·2 answers
  • Is it 50 hours in a day ?
    10·2 answers
  • A client with suspected multiple myeloma is reporting back pain. What is the priority nursing action?
    6·1 answer
  • The goods market of an open economy is in equilibrium when domestic output or production​ is:
    5·1 answer
  • Suppose the given supply and demand tables reflect the supply and demand for milk per week. At a price of $1, there is a:Price(p
    15·1 answer
  • while shopping grey spend 90% of the money she had if she has $4,500 on shopping what was amount of money spent​
    15·1 answer
  • Using the liquidity-preference model, the Federal Reserve can react to the threat of exceedingly high inflation via monetary pol
    11·1 answer
  • Suppose Mike wants to pay efficiency wages to help in the construction of his beach home. If the prevailing wage rate for electr
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!