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Provide calculations (if its possible) QUESTION 6 Which financial statement would best indicate whether the company relies on debt or stockholders' equity to finance its

image text in transcribedProvide calculations (if its possible)

QUESTION 6 Which financial statement would best indicate whether the company relies on debt or stockholders' equity to finance its assets? O Statement of cash flows Income statement O Retained earnings statement Classified balance sheet QUESTION 7 Entity Z had the following selected accounts on December 31, 2022 Accounts payable S38.000 Taxes payable 10,000 Notes payable, due 2030 20.000 Common stock 100.000 Retained earnings 50,000 What is the amount of total current liabilities that will appear on the classified balance sheet? O $210,000 $ O $180,000 O $68,000 O $46,000 QUESTION 8 Entity H opened in December 2022. On December 20, 2022. Entity H Entity H purchased a new computer (Office Equipment) from Best Buy for $1.000, paying $100 down, the rest on account. On December 27, Entity H paid the Best Buy the amount owing. Which of the following is the correct entry on December 27? O Dr. Office Equipment 900 Cr. Cash 900 O Dr. Cash 900 Cr. Office Equipment 900 Dr. Accounts Payable 900 Cr. Cash 900 O Dr. Office Equipment 1.000 Cr. Accounts Payable 900 Cr. Cash 100 QUESTION 9 Entity J uses US GAAP and the direct method for operating activities in its statement of cash flows. For the following item, indicate on which financial statement, it would appear: Accounts receivable (net) O Multi-step income statement O Classified balance sheet O Retained earnings statement O Statement of cash flows O Not on any financial statement

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