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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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