FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

How much are total current assets using the given items in TL; Accounts Payable 60.000 , Accounts Receivable 200,000, Accumulated Depreciation 180.000,Allowance for Doubtful Accounts

image text in transcribed
How much are "total current assets" using the given items in TL; Accounts Payable 60.000 , Accounts Receivable 200,000, Accumulated Depreciation 180.000,Allowance for Doubtful Accounts 4.000, Bank Loans(LT) 80.000, Bank Loans(ST) 40.000, Banks 360.000, Building 222.000, Capital 700.000, Cash 20.000, Land 120.000, Merchandise Inventory 120.000, Notes Payable 50.000, Prepaid Expenses 12.000,Provision for Corporate Tax 20.000.Unearned Revenue 20.000 , and Vehicle 180,000 . Select one: a. 590.000TL b. 708.000TL c. 600.000TL d. 780.000TL

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

ISO 27001 Controls A Guide To Implementing And Auditing

ISO 27001 Controls A Guide To Implementing And Auditing

Authors: IT Governance

1st Edition

1787781445, 978-1787781443

More Books

Students also viewed these Accounting questions

Question

★★★★★
Discuss the competitors, future, and innovation with Cloud computing.

Answered: 1 week ago

Question

★★★★★
Why are joint costs irrelevant in the sell-or-process-further decision? What costs are important?

Answered: 1 week ago

Question

★★★★★
1. Ask students to include a rationale for their selections.

Answered: 1 week ago

Question

★★★★★
The Palaima City government provides postemployment health care benets to retirees. Plan members contribute between $65 and $90 per month depending on age and marital status. The government...

Answered: 1 week ago

Question

★★★★★
6. Which of the following accounts is a stockholders' equity account? a. Cash B Capital Stock c. Prepaid Insurance d. Accounts Payable 7. Which of the following group of accounts are all assets? a....

Answered: 1 week ago

Question

★★★★★
1. When an auditor reviews additions to the equipment (fixed asset) account to make sure that repair and maintenance expenses are not understated, she wants to obtain evidence as to management's...

Answered: 1 week ago

Question

★★★★★
Why is Python's integration capability important in the software quality assurance and testing domain? Python's integration capability is not relevant in the software quality assurance and testing...

Answered: 1 week ago

Question

★★★★★
The binary: 10101010 is equivalent to _______ in decimal. 2. Write the following IPv6 address in the shortest possible format: 2001:0DE0:0000:DFE0:0000:000F:0000:0001 3. You have given the network IP...

Answered: 1 week ago

Question

★★★★★
Nagkamali Inc. adds materials at the start of the process in Department B. Units received from Department A costs P11.10 while in Department B, unit costs for materials and conversion costs were P1...

Answered: 1 week ago

Question

★★★★★
Recall the Five-Component of Information Systems. Can you identify each component that contact tracing needs to make it work? You need to think beyond the application and carefully examine each...

Answered: 1 week ago

Question

★★★★★
1. A 75 kg skier starts with an initial speed of 2 m/s down a 40 m high ramp. They launch off a ramp that is 8 m above the ground. (a) Determine the skier's velocity when launching off the ramp. (b)...

Answered: 1 week ago

Question

★★★★★
2. How did business and political interests influence what early intercultural communication researchers studied and learned?

Answered: 1 week ago

Question

★★★★★
4. Explain the strengths and weaknesses of each approach.

Answered: 1 week ago

Question

★★★★★
1. Identify four early foci in the development of intercultural communication.

Answered: 1 week ago

Previous Question Next Question