Question
Used below data for Question 14 17. Below are the incomplete data of financial statements of Excel Corporation in 2021. RM Accounts payable 57,000 Cash
Used below data for Question 14 17. Below are the incomplete data of financial statements of Excel Corporation in 2021.
RM Accounts payable 57,000 Cash 14,000 Long term debt 150,000 Marketable securities 6,200 Prepaid rent 1,100 Accounts receivable 33,000 Depreciation 33,000 Inventory 84,000 Plant and equipment 300,000 General and administrative expenses 30,000 Accumulated depreciation 30,000 Accruals 5,000 Notes payable 13,000 Common stockholders equity 183,300 14. How much is the total liabilities? A. RM225,000 B. RM226,100 C. RM409,400 D. RM256,100 15. How much is the net plant and equipment? A. RM333,000 B. RM300,000 C. RM330,000 D. RM270,000 16. What is the accurate amount of depreciation in Cash Flow Statement for Excel Corporation in 2021? A. RM30,000 B. RM33,000 C. RM63,000 D. RM3,000 17. Cash of RM14,000 in 2021 will be recorded as ______ in the Cash Flow Statement for Year Ended 2020. A. cash in the beginning year B. cash at the end of the year C. net cash D. NONE of the above.
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