Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1 c . Huimin Ltd . , Statement of Retained Earnings, Year ended December 3 1 , 2 0 2 1 d . December 3

1
c. Huimin Ltd., Statement of Retained Earnings, Year ended December 31,2021
d. December 31,2021, Statement of Retained Earnings, Huimin Ltd.
e. Huimin Ltd., December 31,2021, Statement of Retained Earnings
Enter the letter that corresponds to your choice. (A B C D E)
B
What is ending Retained Earnings on this company's statement of retained earnings?
24,895.00
What is the correct title for this company's balance sheet?
a. Balance Sheet, Huimin Ltd., Year ended December 31,2021
b. Huimin Ltd., Balance Sheet, December 31,2021
c. Huimin Ltd., Balance Sheet, Year ended December 31,2021
d. December 31,2021, Balance Sheet, Huimin Ltd.
e. Huimin Ltd., December 31,2021, Balance Sheet
Enter the letter that corresponds to your choice. (A B C D E)
B
What is total current assets on this company's balance sheet?
What is the correct order for the current assets section of this company's balance sheet?
a. Cash (end of year), Accounts receivable, Prepaid insurance, Supplies, Website design, Business licence
b. Cash (beginning of year), Accounts receivable, Prepaid insurance, Supplies
c. Cash (end of year), Accounts receivable, Prepaid insurance, Supplies
d. Cash (beginning of year), Accounts receivable, Prepaid expenses, Prepaid insurance, Supplies
e. Cash (end of year), Accounts receivable, Prepaid expenses, Prepaid insurance, Supplies
Enter the letter that corresponds to your choice. (A B C D E)
C
What is the correct order for the intangible section of the balance sheet?
a. Business licence, Supplies, Website design
b. Business licence, Prepaid expenses, Website design
c. Website design, Business licence
d. Website design, Prepaid insurance, Prepaid expenses
e. Website design, Business licence, Prepaid insurance, Prepaid expenses
Enter the letter that corresponds to your choice. (A B C D E)
C
What is total assets on this company's balance sheet?
What is total current liabilities on this company's balance sheet?
What is the correct order for the current liabilities section of the balance sheet?
a. Accounts payable, payments to suppliers, deferred revenue, income tax payable
b. Bank loan payable, Income tax payable, Accounts payable, Deferred revenue
c. Accounts payable, Income tax payable, Payments to suppliers
d. Accounts payable, Deferred revenue, Income tax payable
e. Accounts payable, Income tax payable
Enter the letter that corresponds to your choice. (A B C D E)
What is total liabilities on this company's balance sheet?
What is total equity on this company's balance sheet?
What is the correct order for the equity section of the balance sheet?
a. Owners' Capital, Retained earnings
b. Retained earnings, Owners' capital
c. Retained earnings, Owners' capital, Profit
d. Retained earnings, Profit, Owners' capital
e. Owners' capital, Retained earnings, Profit, Dividends
Enter the letter that corresponds to your choice. (A B C D E)
What is the correct title for this company's statement of cash flows?
a. Huimin Ltd., Statement of Cash Flows, December 31,2021
b. December 31,2021, Statement of Cash Flows, Huimin Ltd.
c. Huimin Ltd., December 31,2021, Statement of Cash Flows
d. Huimin Ltd., Statement of Cash Flows, Year ended December 31,2021
e. Statement of Cash Flows, Huimin Ltd., Year ended December 31,2021
Enter the letter that corresponds to your choice. (A B C D E)
What is total cash flow from investing activities on this company's statement of cash flows?
If the amount is an INFLOW enter the amount with a '+' sign. For example, inflow of $12,682 enter as +12682
If the amount is an OUTFLOW enter the amount with a '-' sign. For example, outflow of $10,485 enter as -10485
What is total cash flow from operating activities on this company's statement of cash flows?
If the amount is an INFLOW enter the amount with a '+' sign. For example, inflow of $12,682 enter as +12682
If the amount is an OUTFLOW enter the amount with a '-' sign. For example, outflow of $10,485 enter as -10485
What is total cash flow from financing activities on this company's statement of cash flows?
If the amount is an INFLOW enter the amount with a '+' sign. For example, inflow of $12,682 enter as +12682
If the amount is an OUTFLOW enter the amount with a '-' sign. For example, outflow of $10,485 enter as -10485
What is the net change in cash on this company's statement of cash flows?
If the amount is an INFLOW enter the amount with a '+' sign. For example, inflow of $12,682 enter as +12682
If the amount is an OUTFLOW enter the amount with a '-' sign. For example, outflow of $10,485 enter as -10485
What is the correct order for the sections of this company's statement of cash flows?
a. Operating, Investing, Financing, Change in cash
b. Investing, Operating, Financing, Change in cash
c. Financing, Investing, Operating, Change in cash
d. Investing, Operating, Financing
e. Change in cash, Investing, Operating, Financing
Enter the letter that corresponds to your choice

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting

Authors: Jill Collis

1st Edition

1137335882, 978-1137335883

More Books

Students also viewed these Accounting questions

Question

How can we confi rm both ourselves and others?

Answered: 1 week ago