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Mariulka [41]
3 years ago
9

For each item below, indicate to which category of elements of financial statements it belongs.

Business
1 answer:
valina [46]3 years ago
7 0

Answer: (a) Retained earnings = Equity.

(b) Sales = Revenues.

(c) Additional paid-in capital = Equity.

(d) Inventory = Assets.

(e) Depreciation = Expenses.

(f) Loss on sale of equipment = Losses.

(g) Interest payable = Liability.

(h) Dividends = Dividends payable are a liability. Dividends paid are a decrease in the accumulated results of the company as they are distributed to the owners.

(i) Gain on sale of investment = Gains.

(j) Issuance of common stock =  are investments by the owners that become part of the capital.

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Answer:

the amount that willing to pay is $44,591.11

Explanation:

The computation of the amount that willing to pay is as follows:

The Present Value of an Ordinary Annuity is

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We simply applied the above formula so that the correct value could come

And, the same is to be considered

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4 years ago
The order of presentation of activities on the statement of cash flows is a.operating, investing, and financing. b.operating, fi
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a.operating, investing, and financing.

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3 years ago
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