Question 1 [1.00 Marks ] [C1.01||L.00 Mhrks] If total of assets $130,000 and owner's equity $80,000, then calculate the total labilties. Question 2 [ 1.00 Marks ] [CLO1][L.00 Murks] what does "IFRS" stand for? Question 3 [ 1.00 Marks] [C.O1][1.00 Marks] Financial accounting activities focus on a) economic entity assumption. b) historical cost principle. c) reports for internal users d) reports for both internal and external users Question 4 [1.00 Marks | [C.01][1.00 Mirks]] As of April 30,2020 , Barada Tools has assets of $210,000, and liabilities of $89,000. How much own for Barada Tools as of April 30, 2020? puntion 11 ( 2.00Marks ) (cioziz.00 Marka) Hurio Computer Company began operations on March 31, 2021. At the ond of March 31, 2021, management prepares monthly financial statements. The following information relates to March. 1. At March 31, the company owed DEWA $800 in utilities expenses that will be paid on April 1. 2. On March1, the company borrowed $100,000 from a local bank on a 10-year mortgage. The annual interest rate is 7%. Prepare the adjusting entries nearlaw .... [CLO2][L.00 Mhrks] The initial trial balance provides the primary basis for the preparation of financial statoments, justify your answer True False Quretex 91 2.ed Nerts 1 virirtak hay