Answer:
Cone Corporation
Partial Balance Sheet
As of December 31, 2018
Assets:
Current Assets:
Prepaid Rent $22,000
Investment in marketable securities $60,000
Long-term Assets:
Prepaid Rent (long-term) $22,000
Restricted Funds for Bonds $70,000
Investment in marketable securities $60,000
Liabilities:
Current liabilities:
Notes Payable $40,000
Accrued Interest Payable $32,000
Long-term Liabilities:
Notes Payable $200,000
Explanation:
Cone's assets and liabilities are re-classified according to whether they are short-term or long-term in order to present more accurately the elements of the financial statements.
Answer:
a gain for 2,670
Explanation:
We first calculate the difference betwene the prices
future price - expiration date = result per ton
1,696 - 1,607 = 89
We sale Cocoa in the future for 1,696
the price at expiration was 1,607
We sale at a higher price than market, this is a gain.
We have profits for $89 per ton
Each future contract has 10 tons and we sold 3 contracts
The total tons would be 3 x 10 = 30 tons
Now we multiply the gain per ton by the total tons sold
89 x 30 = 2,670
This will be the gain on future contract.
For the answer to the question above, I believe the answer to your question is a<span>ll of their debts are eliminated, but they have to sell their assets, such as their homes to offset the remaining balance of their debts.
I hope my answer helped you. Feel free to ask more question. Have a nice day!
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Answer:
O Speed.
Explanation:
An accountant is someone who keeps an account of the financial records of a person or a business. They are responsible for performing accounting functions such as analyzing accounts, auditing, and reporting the financial transactions of a person or a business.
Among the various skills needed to be an accountant, speed is not one of them. Communication, be it oral or written is one important aspect of the requirement while time management and critical thinking are also important aspects of an accountant.
Thus, the correct answer is the third option.
Answer:
John can claim 3 dependents.
Explanation:
John can claim three dependents. First is for Kevin, who stays with him. Second is Donna, who is John's mother and third Melissa, his stepsister. Morris is John's cousin and he cannot be claimed as a dependent because he doesn't stay with John at his place. A cousin is also not qualified for tax purposes and in case he wants to claimed as a dependent he needs to live with the taxpayer. Kevin in this case stayed with John in 2019. So, he is eligible to be claimed as a dependent.
Thus, total three dependents can be claimed by John.
