Answer:
The shareholders equity is 120
Explanation:
Basing on accounting equation:
Total asset = Liabilities + Shareholders equity
Therefore:
Shareholders equity = Total asset - Liabilities = Total asset - (Short term debt + Long term debt)
The company has total assets of 200, long term debt of 30 and short term debt of 50.
Shareholders equity = 200 - (50 + 30) = 200 - 80 = 120
Answer: first off make it much clearer if you have all this money there is no tab with 345 in the register the owed amount is 1020 then the total number of 300 cash drops was two then that six hundred less so 420 then with the 640 there would be no tab but an over cash flow.
This question needs to be fixed
Explanation:
Answer:
C)debit Rent Expense, $3,000; credit Prepaid Rent, $3,000.
Explanation:
The amount $18,000 is good for 6 months. That means that the monthly rent would be $3,000 (which is 18,000/6).
On July 31, one month of this prepaid rent has been used and should be recognized as a "Rent Expense" for one month which is $3,000
The credit would be "Prepaid Rent" since the balance of $18,000 should decrease by $3,000, which is the used portion of the prepaid rent.
Answer:Military is the answer! have a great day
Explanation:
Answer: False
Explanation:
Even if you have a reliable income but you have no credit history, you will be seen as a something of a risk because you don’t yet have a track record.
Therefore a credit card company will charge higher interest rate due to the potential risk because of lack of track record .
