Answer:
Current liabilities $2320000; Long-term Debt, $1740000
Explanation:
Calculation to determine what The proper balance sheet presentation on December 31, 2020, is:
Current Liabilities will be $2320000 of notes payable
Hence,
Current liabilities $2320000
Long -term Debt =$2320000-$580000
Long -term Debt=$1740000
Therefore The proper balance sheet presentation on December 31, 2020, is:
Current liabilities $2320000; Long-term Debt, $1740000
I’m not understanding .. is there a picture ?
Answer:
Explanation:
The total assets comprises of current assets, fixed assets ,and the intangible assets
The current assets includes cash, stock, account receivable, etc
Fixed assets include plant & machinery, land, equipment, furniture & fittings, etc.
And, the intangible assets include patents, copyrights, goodwill, etc.
The preparation of the classified balance sheet for Nike, Inc on May 31, 2022 is presented in the spreadsheet. Kindly find the attachment below:
Answer:
The answers are : unauthorized, identified, facts, affirm, authorization, withdraws, observe.
Explanation:
Ratification occurs when the principal accepts responsibility for the agent's unauthorized acts. For ratification to be valid, the agent must have acted on behalf of an identified principal, that principal must know all of the material facts , must affirm the agent's act in its entirety, and must have the legal authorization to ratify the transaction both at the time the agent engages in the act and at the time the principal ratifies it. The principal's ratification must occur before the third party withdraws from the transaction, and the principal must observe the same formalities when ratifying the act as would have been required to authorize it initially.
