Huimin Ltd. had the following account balances at December 31, 2021: Account Name or Activity Amount Dividends Prepaid expenses Interest expense Website expense Accounts receivable Deferred revenue Income tax expense Collections from customers Purchase of intangibles Payments to suppliers Travel expense Retained earnings (beginning of year) Payment of dividends Insurance expense Supplies expense Cash (beginning of year) Service revenue Cash received from debt Prepaid insurance Supplies Business licence Cash (end of year) Income tax payable $2,500 1,500 750 600 17,300 850 3,750 37,945 1,020 35,600 1,800 3,700 2,500 2,400 350 31,550 33,720 10,000 1,200 975 60 47,875 500
Huimin Ltd. had the following account balances at December 31, 2021: What is the correct titie for this company's single step income statement? (1 point) Huimin Ltd. Income Statement Year ended December 31, 2021 Huimin Ltd. Income Statement December 31, 2021 Huimin Ltd. December 312021 Income Statement Income Statement Huimin Ltd. Year ended December 31, 2021 December 31, 2021 Income Statement Huimin Ltd. What is Total Operating Expenses on this company's single step income statement? ( 2 points) What is Profit before income Tax (also called income before income Tax) on this company's single step income statement? (2 points) What is Profit (aiso called Net income) on this company's single step income statement? (2 points) What is the correct title for this company's statement of retained earnings? (1 point) Huimin Ltd. Statement of Retained Earnings December 31, 2021 December 31, 2021 Statement of Retained Earnings Huimin Ltd. Statement of Retained Earnings Huimin Ltd. Year ended December 31, 2021 Huimin Ltd. Statement of Retained Earnings Year ended December 31, 2021 Huimin Ltd. December 31, 2021 Statement of Retained Earnings What is ending Retained Earnings on this company's statement of retained earnings? (2 points) What is the correct titie for this company's balance sheet? (1 point) December 31, 2021 Balance Sheet Huimin Ltd. Huimin Ltd, Balance Sheet December 31, 2021 Balance Sheet, Huimin Ltd, Year ended December 31, 2021 Huimin Ltd. Balance Sheet Year ended December 31, 2021 Huimin Ltd. December 31, 2021 Balance Sheet What is total current assets on this company's balance sheet? (2 points) What is the correct order for the current assets section of this company's balance sheet? (1 point) Cash (end of year), Accounts Receivable, Prepaid Expenses, Prepaid Insurance, Supplies Cash (end of year), Accounts Receivable, Prepaid insurance, Supplies, Website Design, Business Licence Cash (begining of year), Accounts Receivabie, Prepaid insurance, Supplies Cash (end of year), Accounts Receivable, Prepaid Insurance, Supplies Cash (beginning of year), Accounts Receivabie, Prepaid Expenses, Prepaid insurarce, Supplies What is the correct order for the intangible section of the balance sheet? (1 point) Website Design, Prepaid insurance, Prepaid Expenses Business Licence, Supplies, Website Design Prepaid insurance, Prepaid Expenses, Supplies Website Design, Business Licence Business Licence, Prepaid Expenses, Website Design Nebsite Design, Business Licence, Prepaid Insurance, Prepaid Expenses What is total assets on this company's balance sheet? (2 points) What is total current liabilities on this company's balance sheer? ( 2 points) What is the correct order for the current liabilities section of the balance sheet? ( 1 point) Accounts Payable, Income Tax Payable, Bank Loan Payable Accounts Payable, Deferred Revenue, Income Tax Payable Accounts Payable, Income Tax Payable, Payments to Suppliers Accounts Payable, Income Tax Payable., Accounts Payable, Payments to Suppliers, Deferred Revenue, income Tax Payable Bank Loan Payable, Income Tax Payable, Accounts Payable, Deferred Revenue. What is total liabilities on this company's balance sheet? (2 points) What is total equity on this company's balance sheet? (2 points) What is the correct order for the equity section of the balance sheet? (1 point) Owners' Capital, Retained Earnings Retained Earnings, Owners' Capital Owners' capital, Retained Earnings, Profit Retained Earnings, Profit, Dividends, Owners' Capital Dwners' Capital, Retained Earnings, Profit, Dividends Retained Earnings, Profit, Owners' Capital What is the correct title for this company's statement of cash flows? ( 1 point) December 31, 2021 Statement of Cash Flows Huimin Ltd. Huimin Ltd. December 31, 2021 Statement of Cash Flows Statement of Cash Flows Huimin Ltd. Year ended December 31, 2021 Huimin Ltd. Statement of Cash Flows December 31, 2021 Huimin Ltd. Statement of Cash Flows Year ended December 31, 2021
