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Based on the following financial information, what is the value of Net Assets? Cash 100 Accounts Payable 100 Accounts Receivable 100 Long-Term Debt 1,000 Net
Based on the following financial information, what is the value of Net Assets? |
Cash 100 Accounts Payable 100 |
Accounts Receivable 100 Long-Term Debt 1,000 |
Net PP&E 1,000 |
Intangible Asset 100 Net Assets ???? |
$100 |
$200 |
$1,100 |
Which of the following is not a benefit of a not-for-profit organization?
1. | Exempt from most taxes |
2. | Can issue tax exempt bonds |
3. | Can receive tax-exempt contributions |
4. | None of the above |
What is the correct order of listing under the Assets section of the Balance Sheet?
1. | Cash, PP&E, Accounts Receivable, Investments |
2. | Accounts Receivable, Cash, PP&E, Investments |
3. | Cash, Accounts Receivable, PP&E |
4. | None of the above |
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