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Question 11 (3 points) Chrysler Motors has the following halance sheet accounts S 170,000 Land Equipment Salaries Payable Notes Payable Supplies Cash Common Stock Retained
Question 11 (3 points) Chrysler Motors has the following halance sheet accounts S 170,000 Land Equipment Salaries Payable Notes Payable Supplies Cash Common Stock Retained Earnings Accounts Payahle Prepaid Rent 66,000 88,000 14,000 26,000 100,000 40,000 42,000 12,000 If the company has total assets of $288,000, what is the halance of the company's Salaries Payahle account? a) $18,000 b) S58,000 c)s98,000 Od) Cannot be determined given the information provided Question 12 (3 points) Which of the following best describes the goal of intermal controls? a) Enhancing the health of employees. b) mproving the accuracy and the reliability of financial information Ensuring the business is profitable. d) Ensuring the compliance with tax regulations. Question 13 (3 points) summarizes all transactions related to a particular item over a period of time. )
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