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oksano4ka [1.4K]
3 years ago
10

The classified balance sheet for a company reported current assets of $1,753,812, total liabilities of $801,540, common stock of

$1,020,000, and retained earnings of $132,260. The current ratio was 2.7.What is the total amount of noncurrent assets?a. $199,988b. $952,272c. $601,552d. $649,560
Business
1 answer:
Dima020 [189]3 years ago
3 0

Answer:

Option (a) is correct.

Explanation:

Total liabilities and shareholders equity:

= total liabilities + common stock + retained earnings

= $801,540 + $1,020,000 + $132,260

= $1,953,800

Current assets = $1,753,812

Non current assets:

= Total liabilities and shareholders equity - Current assets

= $1,953,800 - $1,753,812

= $199,988

Therefore, the total amount of non-current assets is $199,988.

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A firm producing good y recently increased monthly production from​ 1,500 units to​ 2,000 units. this had no impact on the marke
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The multiplier for a futures contract on a stock market index is $50. The maturity of the contract is 1 year, the current level
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Answer:

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5 0
3 years ago
Predatory pricing refers to a. All of the above are examples of predatory pricing. b. a firm selling certain products together r
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Answer:

d. a monopoly firm reducing its price in an attempt to maintain its monopoly.

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Consider the following information about an asset that is being review for impairment: Book value $ 700,000 Estimate future cash
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Answer:

The amount of the impairment loss for this asset is <u>$110,000</u>

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3 0
3 years ago
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