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8. Suppose r@ktas has receivables of $65,000, furniture totaling $205,000, and cash of $52,000. The business has a $109,000 account payable and owes $81,000
8. Suppose r@ktas has receivables of $65,000, furniture totaling $205,000, and cash of $52,000. The business has a $109,000 account payable and owes $81,000 on account. How much is r@ktas' stockholders' equity? a. $28,000 b. $332,000 c. $190,000 d. $132,000 9. Which financial statement is a snapshot of the financial position of a company at a specific point in time? a. Income statement b. Balance sheet c. Statement of cash flow d. Statement of changes in shareholders' equity Good Luck 10. r@ktas company borrowed $7,000 cash from the Trust Bank. As a result of this transaction, a. assets would decrease by $ 7,000 b. liabilities would increase by $7,000 c. shareholders' equity would increase by 7,000 d. revenue would increase by 7,000
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