18,188$ of rosa's money is FDIC - protected
Answer:
<u>Wilson Trucking Company classified balance sheet as of December 31.</u>
Assets
Non - Current Assets
Trucks 172,000
Accumulated depreciation Trucks (36,000) 136,000
Land 85,000
Total Non - Current Assets 221,000
Current Assets
Office supplies 3,000
Accounts receivable 17,000
Cash 8,000
Total Current Assets 28,500
Total Assets 249,500
Equity and Liabilities
Equity
Common stock 15,000
Retained earnings 155,000
Dividends (20,000)
Total Equity 110,000
Liabilities
Non - Current Liabilities
Long-term notes payable 58,000
Total Non - Current Liabilities 58,000
Current Liabilities
Accounts payable 12,000
Interest payable 4,000
Total Current Liabilities 16,000
Total Equity and Liabilities 249,500
Explanation:
The following appear in the Balance Sheet.
- Assets
- Liabilities
- Equity
When preparing the Balance Sheet remember the Accounting Equation : Assets = Equity + Liabilities.,
Answer:
When, later, Maria finds and arrests him, with respect to the reward, she can:
b. not collect it because she had a preexisting duty to capture Oscar.
Explanation:
- The reason is that preexisting duty allows Maria to arrest Oscar but not to collect the reward as arresting Oscar is her prior duty. So, the option b is correct.
- The option a is not correct as she can't collect it due to her preexisting duty.
- The option c is not correct as it is legally sufficient consideration due to preexisting duty rule.
- The option d is incorrect as collecting reward is not unethical.
For this problem, we are required to calculate the net operating income.
In order to answer the question, we will first calculate the impact of the changes on the Hardware department. Then we will add the remaining fixed costs that are currently charged to Linens that will continue.
To calculate net operating income, subtract operating expenses from the revenue generated by a property. Revenue from real Hardware department estate includes rental income, parking fees, service changes, vending machines, laundry machines, and so on.
Net income, also known as the bottom line, Hardware department indicates a business's profitability. It shows how much profit is left from revenue after accounting for expenses and liabilities. Net income is profit that can be distributed to business owners or shareholders or invested in business growth.
A corporation's positive net income causes an increase in the retained earnings, which is part of stockholders' equity. A net loss will cause a decrease in retained earnings and stockholders' equity.
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