What is the correct title for this company's single step income statement?

Question 46 options:

a)	Orange Ltd., Income Statement, December 31, 2021

b)	Income Statement, Orange Ltd., Year ended December 31, 2021

c)	December 31, 2021, Income Statement, Orange Ltd.

d)	Orange Ltd., December 31, 2021, Income Statement

e)	Orange Ltd., Income Statement, Year ended December 31, 2021

Question 47 (2 points)

Question 47 options:

What is Total Operating Expenses on this company's single step income statement?

Question 48 (2 points)

Question 48 options:

What is Profit before Income Tax (also called Income before Income Tax) on this company's single step income statement?

Question 49 (2 points)

Question 49 options:

What is Profit (also called Net Income) on this company's single step income statement?

Question 50 (1 point)

What is the correct title for this company's statement of retained earnings?

Question 50 options:

a)	December 31, 2021, Statement of Retained Earnings, Orange Ltd.

b)	Orange Ltd., Statement of Retained Earnings, December 31, 2021

c)	Orange Ltd., Statement of Retained Earnings, Year ended December 31, 2021

d)	Orange Ltd., December 31, 2021, Statement of Retained Earnings

e)	Statement of Retained Earnings, Orange Ltd., Year ended December 31, 2021

Question 51 (2 points)

Question 51 options:

What is ending Retained Earnings on this company's statement of retained earnings?

Question 52 (1 point)

What is the correct title for this company's balance sheet?

Question 52 options:

	Orange Ltd., Balance Sheet, Year ended December 31, 2021
	December 31, 2021, Balance Sheet, Orange Ltd.
	Balance Sheet, Orange Ltd., Year ended December 31, 2021
	Orange Ltd., December 31, 2021, Balance Sheet
	Orange Ltd., Balance Sheet, December 31, 2021

Question 53 (2 points)

Question 53 options:

What is total current assets on this company's balance sheet?

Question 54 (1 point)

What is the correct order for the current assets section of this company's balance sheet?

Question 54 options:

a)	Cash (end of year), Accounts receivable, Prepaid expenses, Prepaid insurance, Supplies

b)	Cash (beginning of year), Accounts receivable, Prepaid expenses, Prepaid insurance, Supplies

c)	Cash (beginning of year), Accounts receivable, Prepaid insurance, Supplies

d)	Cash (end of year), Accounts receivable, Prepaid insurance, Supplies

e)	Cash (end of year), Accounts receivable, Prepaid insurance, Supplies, Website design, Business licence

Question 55 (1 point)

What is the correct order for the intangible section of the balance sheet?

Question 55 options:

a)	Business licence, Supplies, Website design

b)	Prepaid insurance, Prepaid expenses, Supplies

c)	Website design, Business licence

d)	Website design, Prepaid insurance, Prepaid expenses

e)	Website design, Business licence, Prepaid insurance, Prepaid expenses

f)	Business licence, Prepaid expenses, Website design

Question 56 (2 points)

Question 56 options:

What is total assets on this company's balance sheet?

Orange Ltd. had the following account balances at December 31, 2021: Account Name Amount Repair expense $1,375 Advertising expense 8001 Prepaid expenses 1,2001 Dividends 3,675 Purchase of intangibles 900 Cash (end of year) 52,250 Deferred revenue 1,375 Owner's capital 24,000 Accounts payable 18,625 Prepaid insurance 1,800 Collections from customers 45,650 Insurance expense 2,300 Contributions by owners 15,000 Accounts receivable 22,075 Cash (beginning of year) 6,775 Retained earnings (beginning of year) 3,700 Interest expense 750 Business licence 601 Payment of dividends 3,675 Website design 840 Service revenue 17,450 Cash received from debt 25,000 Income tax expense 2,600 Supplies 1,125 Supplies expense 350 Payments to suppliers 35,600 Bank loan payable, due in 2025 25,000 Website expense 6501 Income tax payable 1,700 Using the above information create the following: income statement, statement of retained earnings, balance sheet and the statement of cash flows. Then use the information to answer the following questions