If the company's assets in TL: cash 150.000, accounts receivable 50.000, inventory 150.000, building 200.000 (market value 300.000), equipment 50.000 (market value 60.000) and the liabilities 300.000. How much is the net assets under market value approach?

Select one:

a 300.000

b 200.000

c 600.000

d 410.000

A firm received an order at the amount of 10.000 TL for the goods that are out of stock. It received 5.000 TL in advance. Which one will be the accounting record?

Select one:

a Cash 5.000 debit, Advance Payment Received 5.000 credit

b Cash 10.000 debit, Advance Payment Received 10.000 credit

c Advance Payment Received 5.000 debit, cash 5.000 credit

d Advance Payments 10.000 debit, Cash 10.000 credit