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PolarNik [594]
3 years ago
10

If a company has $10,000 in Cash, $2,000 in Accounts Receivable, $100,000 in Building and Land, $30,000 in Accounts Payable, and

$20,000 in Notes Payable, how much is the business worth or what is its equity?
Business
1 answer:
Alekssandra [29.7K]3 years ago
4 0

Answer:

the business is worth 162000

Explanation:

I added all of the stuff up to create a number have a nice day please

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19 ent week 9 homework
Simora [160]
I do not understand your question 

4 0
4 years ago
Identify accounts by category and financial statement(s). Listed here are a number of financial statement captions. Indicate in
konstantin123 [22]

Explanation:

The categorizations are shown below:

Accumulated depreciation =  A and BS

Long-term debt =  L and BS

Equipment = A and BS

Loss on sale of short-term investments =  LS and IS

Net income = R and IS

Merchandise Inventory =  A and BS

Other accrued liabilities = L and BS

Dividends paid = OE and BS

Cost of goods sold = E and  IS

Additional paid-in capital = OE and BS

Interest income = R and IS

Selling Expense = E and IS

6 0
3 years ago
Nancy, an employee at MegaWorks Corp., has been on the job for only a week. She needs to ask the accountant some questions, but
Ghella [55]

Answer:

D. Ask someone for the accountants name.

Explanation:

I say (D) because you only been working there for a week you just got hired so the other employees there shouldn't mind helping you out.

6 0
3 years ago
Discuss this statement in relation to George and Lennie: "They render us vulnerable, and in doing so they add dimensions of sign
Dima020 [189]

Answer:

The powerful novel which explores themes of friendship, power, dreams, and the responsibility we have to look out for one another in a sometimes unkind world.

The characters at the heart of the story, George and Lennie, work against all odds to earn enough money to build their dream (to own a place of their own, with alfalfa and rabbits.)

According to the book, their friendship sets them apart from the other men in the world and fuels their aspirations.

I hope it helps, kindly give brainliest if it does.

3 0
3 years ago
Read 2 more answers
Carlos transfers property with a tax basis of $965 and a fair market value of $1,135 to a corporation in exchange for stock with
nexus9112 [7]

Answer:

$1,032

Explanation:

Calculation for the corporation's tax basis in the property received in the exchange

Based on the information given we were been told that he made a transfer of property with a TAX BASIS of the amount of $965 which as well include a FAIR MARKET VALUE of the amount of $67 which simply indicates or means that the amount of $1,032 ($965+$67) is the tax basis amount of the property that was received in the exchange.

Tax BASIS =Tax basis +Fair market value

Tax BASIS=$965+$67

Tax BASIS=$1,032

Therefore the corporation's tax basis in the property received in the exchange will be $1,032.

8 0
3 years ago
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