ssignment Testbank Multiple Choice Question 100 The income statement of Swifty Corporation for 2020 included the following items: Interest revenue Salaries and wages expense Insurance expense $139000 210000 22800 42 The following balances have been excerpted from Swifty Corporation's balance sheets: December 31, 2020 December 31, 2019 Interest receivable $18500 $15900 Salaries and wages payable 17300 8700 Prepaid insurance n 46 ple on 29 2300 Sale 2800 The cash paid for salaries and wages during 2020 was on 50 tiple Clon 27 altiple ation 54 ultiple stion 81 $201300. $227300. $201400 estion 80 Multiple estion 75 Multiple uestion 82 $218600 Kleso, Intermediate Accounting, 17e INTERMEDIATE ACCOUNTING Assignment Greek ORION Dew ableTextbook PRINTER VERSION dollars are in milion Presented below is the CALCULATOR FULL SCREEN total current sites of 21st year and mandated dute of control obligations provided by Deere More 5 years Aggregate Contractual Obligations The payment schedule for the company's contractual obligations at year-end in millions of dollars is as follows: Less than 1-3 Total 1 year years Debt Equipment operations $ 5.091 $ 434 $ 270 Financial services 31,692 11.477 Total 36,783 10,396 Interest on debt 609 Accounts payable 2,743 2,611 Capital leases Purchasing obligations 3.007 2,970 Operating leases Total $47,76 $16.746 SI1119 $3,612 9,962 109 371 plus.com/edugen/student/mainfr.uni Kieso, Intermediate Accounting, 17e Assignment Gradebook ORION Downloadable eTextbook 2,745 2,011 Accounts payable Capital leases Purchasing obligations Operating leases Total 3,007 371 $47,768 39 2,970 121 $16,746 134 $13,119 $8,211 $9,692 Compute Deere & Company's working capital and current ratio (current a t current liabilities with and without the off-balance-sheet contractual obligations reported in the schedule. (R without contractual Obligations with contractual Obligation Working Capital 28666000 44972000 9.65 Click you would like to show Work for this question O Shower Kieso, Intermediate Accounting, 17e actice Assignment Gradebook ORION Downloadable eTextbook gnment Testbank Brief Exercise 108 Choose the word or phrase that is defined or indicated. 1. Obligations expected to be liquidated through use of current assets. 2. Statement showing financial condition at a point in time 3. Events that depend upon future outcomes 4. Probable future sacrifices of economic benefits 5. Resources expected to be converted to cash in one year or the operating cycle, whichever is longer 6. Resources of a durable nature used in operations 7. Economic rights or competitive advantages which lack physical substance. 8. Probable future economic benefits. 9. Residual interest in the net assets of an entity. Click you would like to Show Work for this questions Open Show Work Study LINK TO TEXT
