Question
What is total current assets on this company's balance sheet? 2. What is the correct order for the intangible section of the balance sheet? a.
- What is total current assets on this company's balance sheet?
2. What is the correct order for the intangible section of the balance sheet?
a. Business licence, Supplies, Website design
b. Business licence, Prepaid expenses, Website design
c. Website design, Business licence
d. Website design, Prepaid insurance, Prepaid expenses
e. Website design, Business licence, Prepaid insurance, Prepaid expenses
What is total assets on this company's balance sheet?
What is total current liabilities on this company's balance sheet?
What is the correct order for the current liabilities section of the balance sheet?
a. Accounts payable, payments to suppliers, deferred revenue, income tax payable
b. Bank loan payable, Income tax payable, Accounts payable, Deferred revenue
c. Accounts payable, Income tax payable, Payments to suppliers
d. Accounts payable, Deferred revenue, Income tax payable
e. Accounts payable, Income tax payable
Enter the letter that corresponds to your choice. (A B C D E)
What is total liabilities on this company's balance sheet?
What is total equity on this company's balance sheet?
What is the correct order for the equity section of the balance sheet?
a. Owners' Capital, Retained earnings
b. Retained earnings, Owners' capital
c. Retained earnings, Owners' capital, Profit
d. Retained earnings, Profit, Owners' capital
e. Owners' capital, Retained earnings, Profit, Dividends
Enter the letter that corresponds to your choice. (A B C D E)
What is the correct title for this company's statement of cash flows?
a. Talbridge Ltd., Statement of Cash Flows, December 31, 2021
b. December 31, 2021, Statement of Cash Flows, Talbridge Ltd.
c. Talbridge Ltd., December 31, 2021, Statement of Cash Flows
d. Talbridge Ltd., Statement of Cash Flows, Year ended December 31, 2021
e. Statement of Cash Flows, Talbridge Ltd., Year ended December 31, 2021
Enter the letter that corresponds to your choice. (A B C D E)
What is total cash flow from investing activities on this company's statement of cash flows?
If the amount is an INFLOW enter the amount with a '+' sign. For example, inflow of $12,682 enter as +12682
If the amount is an OUTFLOW enter the amount with a '-' sign. For example, outflow of $10,485 enter as -10485
What is total cash flow from operating activities on this company's statement of cash flows?
If the amount is an INFLOW enter the amount with a '+' sign. For example, inflow of $12,682 enter as +12682
If the amount is an OUTFLOW enter the amount with a '-' sign. For example, outflow of $10,485 enter as -10485
What is total cash flow from financing activities on this company's statement of cash flows?
If the amount is an INFLOW enter the amount with a '+' sign. For example, inflow of $12,682 enter as +12682
If the amount is an OUTFLOW enter the amount with a '-' sign. For example, outflow of $10,485 enter as -10485
What is the net change in cash on this company's statement of cash flows?
If the amount is an INFLOW enter the amount with a '+' sign. For example, inflow of $12,682 enter as +12682
If the amount is an OUTFLOW enter the amount with a '-' sign. For example, outflow of $10,485 enter as -10485
What is the correct order for the sections of this company's statement of cash flows?
a. Operating, Investing, Financing, Change in cash
b. Investing, Operating, Financing, Change in cash
c. Financing, Investing, Operating, Change in cash
d. Investing, Operating, Financing
e. Change in cash, Investing, Operating, Financing
Enter the letter that corresponds to your choice. (A B C D E)
Talbridge Ltd. had the following account balances at December 31, 2021: \begin{tabular}{|l|r|} \hline \multicolumn{1}{|c|}{ Account Name } & Amount \\ \hline Repairs expense & $1,125 \\ \hline Wages expense & 21,350 \\ \hline Prepaid expenses & 1,400 \\ \hline Dividends & 3,500 \\ \hline Purchase of intangibles & 1,360 \\ \hline Cash (end of year) & 36,385 \\ \hline Deferred revenue & 1,500 \\ \hline Owners' capital & 12,000 \\ \hline Accounts payable & 12,810 \\ \hline Prepaid insurance & 900 \\ \hline Collections from customers & 28,350 \\ \hline Rent expense & 2,100 \\ \hline Contributions by owners & 2,500 \\ \hline Accounts receivable & 17,155 \\ \hline Cash (beginning of year) & 16,890 \\ \hline Retained earnings (beginning of year) & 8,575 \\ \hline Interest expense & 900 \\ \hline Business licence & 60 \\ \hline Payment of dividends & 3,500 \\ \hline Website design & 1,300 \\ \hline Service revenue & 47,560 \\ \hline Cash received from debt & 12,500 \\ \hline Income tax expense & 4,450 \\ \hline Office supplies & 2,550 \\ \hline Office supplies expense & 18,845 \\ \hline Payments to suppliers \\ \hline Bank loan payable, due in 2025 \\ \hline Website expense & 12,500 \\ \hline Income tax payable & 500 \\ \hline \end{tabular} Talbridge Ltd. had the following account balances at December 31, 2021: \begin{tabular}{|l|r|} \hline \multicolumn{1}{|c|}{ Account Name } & Amount \\ \hline Repairs expense & $1,125 \\ \hline Wages expense & 21,350 \\ \hline Prepaid expenses & 1,400 \\ \hline Dividends & 3,500 \\ \hline Purchase of intangibles & 1,360 \\ \hline Cash (end of year) & 36,385 \\ \hline Deferred revenue & 1,500 \\ \hline Owners' capital & 12,000 \\ \hline Accounts payable & 12,810 \\ \hline Prepaid insurance & 900 \\ \hline Collections from customers & 28,350 \\ \hline Rent expense & 2,100 \\ \hline Contributions by owners & 2,500 \\ \hline Accounts receivable & 17,155 \\ \hline Cash (beginning of year) & 16,890 \\ \hline Retained earnings (beginning of year) & 8,575 \\ \hline Interest expense & 900 \\ \hline Business licence & 60 \\ \hline Payment of dividends & 3,500 \\ \hline Website design & 1,300 \\ \hline Service revenue & 47,560 \\ \hline Cash received from debt & 12,500 \\ \hline Income tax expense & 4,450 \\ \hline Office supplies & 2,550 \\ \hline Office supplies expense & 18,845 \\ \hline Payments to suppliers \\ \hline Bank loan payable, due in 2025 \\ \hline Website expense & 12,500 \\ \hline Income tax payable & 500 \\ \hline \end{tabular}Step by Step Solution
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