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monitta
3 years ago
5

Suppose you want to know how much a company owes others. Which standard financial statement would you use? Select one: a. Balanc

e sheet b. Break-even analysis c. Cash flow statement d. Income statement
Business
1 answer:
guajiro [1.7K]3 years ago
3 0

Answer:

balance sheet          

Explanation

In simple words, balance sheet refers to the type financial statement that is prepared by an organisation for depicting its financial position at a particular point of time, generally at the end of the year.

Balance sheet is of high importance to the stakeholders as it depicts all the assets in one group and all the liabilities and capital sources in other group. It depicts how much of the assets are financed with the capital and how much are taken on loans.

Thus, from the above we can conclude that the correct option is Balance sheet.

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3 years ago
Pierce Company issued 11% bonds, dated January 1, with a face amount of $800,000 on January 1, 2021. The bonds sold for $739,816
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Answer:

unrealized gain from change in market value = $10,617

Explanation:

Bonds carrying value = $739,816

amortization of bond discount = ($739,816 x 6%) - ($800,000 x 5.5%) = $389

amortization of bond discount = ($740,205 x 6%) - ($800,000 x 5.5%) = $412

bond's carrying value = $740,205 + $412 = $740,617

unrealized gain = carrying value - market value = $740,617 - $730,000 = $10,617

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Answer:

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5 0
4 years ago
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The Gargus Company, which manufactures projection equipment, is ready to introduce a new line of portable projectors. The follow
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Answer:

The correct answer is $780.

Explanation:

As per the data given in the question,

Markup percentage = 30%

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Price = Total cost + (Total cost × markup %)

by putting the value, we get

Price = $600 + ( $600 × 30% )

= $600 + $180

= $780.

Hence, the price that company charge will be $780.

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Answer:

True

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