Question
9. Define the following terms- Assets------------------------------------------------------------------------------------------------- Accounts Payable ----------------------------------------------------------------------------- Unearned Revenue ---------------------------------------------------------------------------- Consider the following information: Cash $ 6,000 Automobile 50,000 Prepaid Insurance 3,000 Mortgage
9. Define the following terms-
- Assets-------------------------------------------------------------------------------------------------
- Accounts Payable -----------------------------------------------------------------------------
- Unearned Revenue ----------------------------------------------------------------------------
- Consider the following information:
| Cash | $ 6,000 |
| Automobile | 50,000 |
| Prepaid Insurance | 3,000 |
| Mortgage Payable | 10,000 |
| Unpaid Credit Card Bills | 2,000 |
| Net Worth? | ? |
How much is the net worth?
3+1 = 4 Marks
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Fundamentals Of Entrepreneurial Finance
Authors: Marco Da Rin, Thomas Hellmann
8th Edition
0199744750, 9780199744756
