Benitos balance sheet shows the following totals: if Fixed assets 39 497 Current assets 26 004 Current

Question:

Benito’s balance sheet shows the following totals:

if Fixed assets 39 497 Current assets 26 004 Current liabilities 16 777 Capital 33 058 Work out the missing figure for long-term liabilities. (Hint: first, work out total liabilities using the accounting equation.)

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Financial Accounting For Non Specialists

ISBN: 9781844802050

2nd Edition

Authors: Catherine Gowthorpe

See More Books

Question Posted: Jul 08, 2024 10:01 AM

See More Questions

content area top Part 1 At the beginning of the year, BuellerBueller Builders purchased raw materials in the amount of $ 50 comma 000$50,000 to produce goods to sell. BuellerBueller paid cash. What...
In regression analysis, the model in the form y = Bo + 8, x + 6 is called the O correlation model. O regression model. O estimated regression equation. regression equation
Hello. Can you help with this four question problem? Case PRIVATE EQUITY CASE: MERGER CONSOLIDATION The questions below COMBINE the Ohio & Maryland PT acquisitions as if they are a single c Learning...
In Exercises 1138, use the given conditions to write an equation for each line in point-slope form and slope-intercept form. Slope = -5, passing through (-4, -2)
Briefly describe the challenges a food and beverage director faces on a daily basis.
When the parent company purchases a subsidiary's bonds from a nonaffiliate for more than book value, what income statement accounts will be affected in preparing consolidated financial statements?...
Refer to your results from Exercise 1 in Chapter 2. Examine the output produced by the analysis of variance to determine the effects of variety and nitrogen level in a split plot design. (a) Obtain...
Discuss the risks depicted by the fixed asset system flowchart for Problem 10. Describe the internal control improvements to the system that are needed to reduce theserisks. Vendor User Department...
Bell Inc.'s tax rate was 25% last year. Last year, the company realized $1,500,000 in operating income (EBIT). Its annual interest expense is $1,000,000 . What was the company's net income for the...
Blanches balance sheet shows the following totals: f Fixed assets 36 609 Current assets 38 444 Current liabilities 26 300 Capital 39 477 Which of the following is the missing figure for long-term...
Bryonys balance sheet shows the following totals: ie Fixed assets 35 840 Current assets 16 500 Current liabilities 12 000 Long-term liabilities 6 000 Which of the following is Bryonys capital in the...
In January 1981, Norman bought a freehold building for use in his business at a cost of 120,000. The building had a market value on 31 March 1982 of 125,000. In June 2015 he sold the building for...
On March 1 , Kerr Corporation issued 1 0 , 0 0 0 preferred shares for $ 1 0 0 per share. On July 1 5 , it issued an additional 3 0 , 0 0 0 shares for $ 1 2 0 per share. Each share is convertible into...
Hello, I need to calculate the break-even point in part B using the following formula: investment amount / (CLV of gold - CLV of platinum) . However, since that results in a negative value, does that...
Nervousness and depression are examples of __________ symptoms. psychophysiologic social health environmental psychological Roberta is using the structured format to present the results of his study...
Identify the stage of change the client is in and write in behavioral language at least one problem, with at least one goal and a minimum of two objectives for each goal for the client vignettes...
Photon Technologies, Inc., a manufacturer of batteries for mobile phones, signed a contract with a large electronics manufacturer to produce three models of lithium-ion battery packs for a new line...
Determine the distance h to which a hole must be bored into the cylinder so that the center of mass of the assembly is located at x = 64 mm. The material has a density of 8Mg/m3. 120 mm- 40 mm 20 mm
At the beginning of its fiscal year, Lakeside Inc. leased office space to LTT Corporation under a seven-year operating lease agreement. The contract calls for quarterly rent payments of $25,000 each....
Please help me answer all these question one by one. THE COMPANY IS GOING TO BE WALMART (PLEASE DO NOT USE AND PREVIOUS STUDENT ANSWERS) Remember, one-page memo first. search the web for these...
keAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false Print Item Using the data below for the Ace Guitar Company: 6 A Region Sales B Region $500,000 Cost of goods sold $900,000...
please answer both parts Winston Company estimates that total factory overhead for the following year will be $979,200. The company has decided that the basis for applying factory overhead should be...

Benitos balance sheet shows the following totals: if Fixed assets 39 497 Current assets 26 004 Current

Question:

Step by Step Answer:

Financial Accounting For Non Specialists

Students also viewed these Business questions