Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

could you help me answer this ? On July 2012. the Raytheon Company borrowed $250,000. The comany prednote sayable where perteneyer. The note und interest

could you help me answer this ?
image text in transcribed
image text in transcribed
image text in transcribed
On July 2012. the Raytheon Company borrowed $250,000. The comany prednote sayable where perteneyer. The note und interest are due on December 2010 On December 2011 Raytheon Company maid $255.000 to settle te detin Assuming no cestors have been during the years anys 5255.000 cashment on December 2013 should nofea which of the following Mul Choice A decrets of 250.000, a decrease in c.000, end det i to. Adre...000 $210.000 wwwww come A me nowy 240.000 decreme.00 ...22.000 Adecreme 20.000... 1.000 and 2000 Triumph Group, Inc. is a supplier of aerospace services, structures, systems and support. Triumph engineers, designs, and manufactures aircraft components, systems and access On December 31, 2019, Triumph Group, Inc. prepared adjusting entries that included the following items Depreciation expense: $50,000 Accrued sales revenue: $34,000. Accrued expenses: $24,000 Used insurance: $4,000, the insurance was initially recorded as prepaid Rent revenue earned: $2,000, the rent was initially prepaid by the tenant and credited to unearned rent revenue If Triumph Group, Inc. reported total assets of $480,000 prior to the adjusting entries, how much are Triumph Group, Inc's total assets after the adjusting entries? Multiple Choice 5462 000 O $426,000 $474.000 On November 2021 UTC Corporation brows $2.500,000 france the day at the arm and both printerest are payable Wateb interest Dayable for the loan as of December 31, 2021 Moe Choice 12000 None of twentoret 5108.000 $422.000 $216.000

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

Applying IFRS Standards

Authors: Ruth Picker, Kerry Clark, John Dunn, David Kolitz, Gilad Livne, Jance Loftus, Leo Van Der Tas

4th Edition

1119159229, 9781119159223

More Books

Students also viewed these Accounting questions