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Zinaida [17]
3 years ago
11

_____ normally is the first asset listed on a balance sheet.

Business
1 answer:
Gnom [1K]3 years ago
6 0
D. CASH normally is the first asset listed on a balance sheet.

The assets are listed according to its liquidity. They are divided into two groups - current assets and non-current or long term assets.

Current assets include cash, accounts receivable, inventory, prepaid assets.

Non-current assets include notes receivable (longer than 1 year), equipment, land, and buildings.
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Pepe, Incorporated acquired 60% of Devin Company on January 1, 2017. On that date Devin sold equipment to Pepe for $45,000. The
krek1111 [17]

Answer:

The loss on equipment recognized by Devin on its internal accounting records for 2017 is $9,000

Explanation:

By using the given information which is mentioned in the question, first we have to calculate the book value of equipment.

So, the book value of the equipment is equals to

= Cost price - accumulated depreciation

= $120,000 - $66,000

= $54,000

Now we can calculate the loss or gain on sale of equipment which is equals to

= Sale price - book value

= $45,000 - $54,000

= - $9,000

Since, the amount shows negative which means the company has suffered a loss of $9,000 on equipment

The other things like net income of 2017 and 2018 is irrelevant because it tells the net income of overall company not for equipment. So, it is not being considered while computation

Hence,  the loss on equipment recognized by Devin on its internal accounting records for 2017 is $9,000

7 0
4 years ago
The chart below shows an exchange rate table.
Goryan [66]

Answer:

the answer is (d) euro. might be wrong tho i dont know

sry...

6 0
3 years ago
Read 2 more answers
A ______ is a firm that produces the entire market supply of a particular good or service
shutvik [7]

the answer to ur question is industry


4 0
3 years ago
Copybold Corporation is a start-up company that has a capital structure with a debt/assets ratio equal to 0.75. Copybold has no
galben [10]

Answer:

The value of the difference between the earnings per share (EPS) forecasts for Feast and Famine is $2.40

Explanation:

The solution is as evident in the attached Excel Sheet. In the excel sheet the formulas are used which are also given in the second sheet.

For the data values from the question are used.

8 0
3 years ago
Three aspects in the cover page of a business plan
BARSIC [14]

Answer:

Explanation:

Your business plan cover page should include:

Your company logo.

Document title and business name.

Business address and contact information.

Business plan completion date.

Confidentiality statement.

6 0
3 years ago
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