Which of the following assets would be classified as current assets on the balance sheet? (a) Cash,
Question:
Which of the following assets would be classified as current assets on the balance sheet?
(a) Cash, accounts payable, deferred income taxes.
(b) Cash equivalents, inventory, prepaid expenses.
(c) Accounts receivable; prepaid expenses; property, plant, and equipment.
(d) Inventory, goodwill, unearned revenue
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 80% (5 reviews)
Answered By
Somshukla Chakraborty
I have a teaching experience of more than 4 years by now in diverse subjects like History,Geography,Political Science,Sociology,Business Enterprise,Economics,Environmental Management etc.I teach students from classes 9-12 and undergraduate students.I boards I handle are IB,IGCSE, state boards,ICSE, CBSE.I am passionate about teaching.Full satisfaction of the students is my main goal.
I have completed my graduation and master's in history from Jadavpur University Kolkata,India in 2012 and I have completed my B.Ed from the same University in 2013. I have taught in a reputed school of Kolkata (subjects-History,Geography,Civics,Political Science) from 2014-2016.I worked as a guest lecturer of history in a college of Kolkata for 2 years teaching students of 1st ,2nd and 3rd year. I taught Ancient and Modern Indian history there.I have taught in another school in Mohali,Punjab teaching students from classes 9-12.Presently I am working as an online tutor with concept tutors,Bangalore,India(Carve Niche Pvt.Ltd.) for the last 1year and also have been appointed as an online history tutor by Course Hero(California,U.S) and Vidyalai.com(Chennai,India).
4.00+
2+ Reviews
10+ Question Solved
Related Book For
Understanding Financial Statements
ISBN: 9781292101552
11th Global Edition
Authors: Lyn Fraser, Aileen M. Ormiston
Question Posted:
Students also viewed these Business questions
-
Identify whether the following assets would be classified as current or non-current at the end of the reporting period. Explain your classification decision. a Cash and cash equivalents b Motor...
-
Ques 1: What is the major complaint by firms concerning the Sarbanes-Oxley act of 2012? A. the legislative maximum allowable compensation for a CEO. B. the legal requirement to disclose project...
-
Find the range and standard deviation. The table below gives the number of hours spent watching TV last week by a sample of 24 children. 4 3 6 5 9 1 2 10 7 8 2 9 9 8 10 6 3 2 7 1 7 10 9 4 Range = 9...
-
which you describe and reflect on one of your favorite pop culture artifacts. Your goals will be simple: you will describe in detail a popular film, tv show, ad campaign, performer, song,...
-
Brooklyn files as a head of household for 2017 and claims a total of three exemptions (3 4,050 = $12,150). She claimed the standard deduction of $9,350 for regular tax purposes. Her regular taxable...
-
Prepare a schedule of depreciation using the double-declining-balance method.
-
At the end of May, the sales journal of Mountain View appears as follows. Sales Journal Date Account Debited Invoice Number PR Cost of Goods Sold Dr. Inventory Cr. Accounts Receivable Dr. Sales Cr....
-
1. Given the role that Mother Nature plays in forecasting Super Bowl ticket prices, how might you adjust your expectations for ticket costs from year to year, given the location of the event? 2....
-
Problem 3-39 (LO. 1, 2, 3, 4, 5, 6) Charlotte (age 40) is a surviving spouse and provides all of the support of her four minor children (ages 4, 8, 11, and 14) who live with her. She also maintains...
-
What items should be calculated when analyzing the accounts receivable and allowance for doubtful accounts? (a) The growth rates of sales and inventories. (b) The growth rates of sales, accounts...
-
What is a common-size balance sheet? (a) A statement that expresses each account on the balance sheet as a percentage of net income. (b) A statement that is common to an industry. (c) A statement...
-
A random sample of size n=100 is taken from a population of size N=3,000 with a population proportion of p=0.34. a. Is it necessary to apply the finite population correction factor? Explain....
-
Your client who is currently using only Facebook and Instagram wants to try LinkedIn. What would you do first ? and why ?
-
Exro Technologies Corp. (Exro) is an upstart Canadian company that specializes in the manufacture of electric motors and batteries for electric bikes. Exro uses a job costing system and during...
-
How do neurobiological mechanisms, such as the stress response system and emotional regulation pathways, influence the dynamics of conflict escalation and resolution?
-
What is the consideration to invest in the company which has recorded revenue growth over the past 5 years but the Debt to Equity ratio also increase significantly to 5.72?
-
Builder Products, Incorporated, uses the weighted-average method in its process costing system. It manufactures a caulking compound that goes through three processing stages prior to completion....
-
Search the Web for a generic template that would guide your organization in the development of a policy for the delegation of authority. 1. What types of templates are out there? 2. To which...
-
Grace is training to be an airplane pilot and must complete five days of flying training in October with at least one day of rest between trainings. How many ways can Grace schedule her flying...
-
The following is an excerpt from Note 13 (Pensions and Other Post-Employment Benefits) to the 2020 Consolidated Financial Statements of Coca-Cola Company (Coca-Cola): *Some pension plans are...
-
The following are excerpts from Note 14 (Income Taxes) to the 2020 Consolidated Financial Statements of Coca-Cola Company (Coca-Cola): A reconciliation of the statutory U.S. federal tax rate and our...
-
The website for this text contains Walmarts January 31, 2021, Form 10-K. You should read the management discussion and analysis (MD&A), financial statements, and notes to the financial statements,...
-
On April 1, year 1, Mary borrowed $200,000 to refinance the original mortgage on her principal residence. Mary paid 3 points to reduce her interest rate from 6 percent to 5 percent. The loan is for a...
-
Give a numerical example of: A) Current liabilities. B) Long-term liabilities?
-
Question Wonder Works Pte Ltd ( ' WW ' ) produces ceramic hair curlers to sell to department stores. The production equipment costs WW $ 7 0 , 0 0 0 four years ago. Currently, the net book value...
Study smarter with the SolutionInn App