Answer:
Cheyenne Corp.
Balance Sheet
For the year ended December 31, 2020
<u>Assets</u> ...
Long term assets:
Plant, property & equipment
Coal mine $500,000
Acc. depletion, coal mines <u>($104,000)</u> $396,000
Buildings $1,110,000
Acc. depreciation, buildings <u>($651,000</u>) <u>$459,000</u>
Total P,P & E $855,000
Goodwill <u>$410,000</u>
Total long term assets $1,265,000
Answer:
$252,900
Explanation:
Stockholders' equity refers to the net assets of a business. In other words, the value of the assets after deducting all liabilities. It is calculated by subtracting total liabilities from total assets.
For Casello,
Total assets = current assets plus fixed assets .
i.e., 437,200+$552,800= $990,000
Total liabilities = current liabilities plus long-term debt
i.e., $318,500 + $418,600= $737,100
Stockholder equity = $990,000 - $737,100
=$252,900
" A secured loan is, a loan in which borrower pledges some asset as calateral for the loan, which them becomes a secured dept owned to the creditor who gives the loan."
Answer:
The incorrect statement about Venture capitalists is:
Venture capitalists usually assume active roles in the management of the financed firm.
Explanation:
Venture capitalists are high net worth individuals with managerial competence or experience seeking for new businesses to invest in. In exchange, they ask for an equity stake in the company they finance.
Venture capital financing is the type of funds that are given to invested into viable businesses in their budding stage by investors that see long term growth potential in them. it is a form of private equity.
Venture Capitalist never assume active roles in the management of the financed firm. however, if they have the technical know how, they may pitch in passively from time to time to advice.