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3 years ago

Match each of the following accounts to its proper balance sheet classification.

Business

1 answer:

arlik [135]3 years ago

8 0

Answer:

Account Balance sheet classification

a. Accounts payable Current liabilities

b. Accounts receivable Current Assets

c. Accumulated depreciation Property,plant and equipment

d. Buildings Property,plant and equipment

e. Cash Current Asset

f. Goodwill Intangible Asset

g. Income taxes payable Current liabilities

h. Investment in long-term bonds Long term investment

i. Land Property,plant and equipment

j. Inventory Current Assets

k. Patent Intangible Asset

l. Supplies Current Assets

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b. $228,000

c. $216,600

d.$205,770

e. $0

The correct option is E,$0

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In other words, dividends payable to shareholders is the net income less their counter funding of the project which is computed below:

residual dividends=net income-(equity%*capital outlay)

residual dividends=$300,000-(40%*$2000,000)

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In essence the $300,000 is not even enough as funds expected from equity less alone paying excess as dividend

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3 years ago

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Answer:

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Explanation:

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