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
Sonbull [250]
3 years ago
8

The assets section of a classified balance sheet usually includes the subgroups: Multiple Choice Current

Business
1 answer:
Readme [11.4K]3 years ago
5 0

Answer:

The correct answer is letter "B": Current assets, long-term investments, plant assets, and intangible assets.

Explanation:

A classified balance sheet is a detailed report including specific information about the company's assets, liabilities, and shareholder's equity. This balance sheet itemizes details regarding current assets, long-term investments, fixed assets, intangible assets, current liabilities, long-term liabilities, and shareholder's equity.  

Classified balance sheets do not have a set of classified accounts that must be used, thus, the information included relies on the manager's needs based on current and long-term transaction data.

You might be interested in
How would the issuance of common stock for cash affect the accounting​ equation?
shepuryov [24]

Answer:

Explanation:

The journal entry to record the given transaction is shown below:

Cash A/c Dr XXXXX

    To Common stock A/c XXXXX

(Being the issuance of the common stock is recorded)

The accounting equation is

Total Assets = Total liabilities + Stockholder equity

Cash Increased = No effect    + Increased

Therefore, the cash account and the common stock is increased.

3 0
3 years ago
You’ve recently learned that the company where you work is being sold for $300,000. The company’s income statement indicates cur
chubhunter [2.5K]

Answer:

5%

Explanation:

Data provided in the question:

Present value of the company, PV = $300,000

Current Profits, π₀ = $11,000

Interest rate, i = 9% = 0.09

Now,          

we know,            

PV = \pi_0(\frac{1+i}{1-g})

here,

g is the growth rate        

on rearranging, we get          

g =  i - \frac{(1+i)\pi_0}{PV}

on substituting the respective values, we get

g = 0.09 - \frac{(1+0.09)\times11,000}{300,000}

or  

g = 0.05

or

g = 0.05 × 100%

= 5%

7 0
3 years ago
When building a business model canvas, the ________ is where your offering goes - how you plan to solve the pains or create the
Anastasy [175]

Answer: value proposition

Explanation:

In simple terms, a value proposition makes a case for why a customer should pick one product over another, citing the unique value the product provides over its contenders.

The Business Model Canvas value proposition provides a unique combination of products and services which provide value to the customer by resulting in the solution of a problem the customer is facing or providing value to the customer. This is the point of intersection between the product you make and the reason behind the customer’s impulse to buy it. A product can have a single value proposition or multiple value propositions.

Most start-ups fail to define their value proposition before they launch their products. This is because entrepreneurs tend to give too much credence to the ‘idea’ they have and run with it as opposed to exploring how this idea would actually perform in the market.

4 0
3 years ago
List the following in order of most to least liquid
Otrada [13]

Answer:

What  following me dude

Explanation:

7 0
3 years ago
Windsor Inc. issues 500 shares of $10 par value common stock and 100 shares of $100 par value preferred stock for a lump sum of
RSB [31]

Answer:

Answer for the question:

Windsor Inc. issues 500 shares of $10 par value common stock and 100 shares of $100 par value preferred stock for a lump sum of $107,000. (a) Prepare the journal entry for the issuance when the market price of the common shares is $164 each and market price of the preferred is $205 each. (b) Prepare the journal entry for the issuance when only the market price of the common stock is known and it is $184 per share. (Round answers to 0 decimal places, e.g. $1,225. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) No. Account Titles and Explanation Debit Credit (a) enter an account title for case A

is given in the attachment.

Explanation:

Download pdf
3 0
3 years ago
Other questions:
  • A medical assistant is moving heavy medical equipment. To limit risk of injury, she should use proper body (fill in the blank)
    7·1 answer
  • The market value of which of the items would be considered double (or multiple) counting in the calculation of GDP? Indicate the
    8·1 answer
  • Lark had net income for 2018 of S103,000. Lark had 38,000 shares of common stock outstanding at the beginning of the year and 44
    11·1 answer
  • Which of the following items are liabilities of Siebers Jewelry Stores? Indicate by Yes/No.
    10·2 answers
  • What are the most important lessons you have learned about being a smart and savvy consumer?
    7·1 answer
  • What is credit risk management?​
    6·1 answer
  • Eleanor is a divorce attorney who practices law in Dallas. She wants to join the American Divorce Lawyers Association (ADLA), a
    7·1 answer
  • Isaac Inc. began operations in January 2021. For some property sales, Isaac recognizes income in the period of sale for financia
    10·1 answer
  • Often, an organization makes a portion of its ________ accessible to external parties as its extranet.a. blog.b. inner firewall.
    12·1 answer
  • Your uncle in announces at a family gathering that he is thinking of becoming a day trader. What might you ask him to help him a
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!