In a classified balance sheet, assets are usually classified as Question 7 Equipment is classified on the balance sheet as Question 8
Use the following data to determine the total dollar amount of assets to be classified as current assets.
Question 9
N3 Corporation has assets of $ 3,000,000, common stock of $ 780,000, and retained earnings of $ 475,000. What are the creditors‘ claims on their assets?
Question 10
The following information is available for Bradshaw Corporation and Newell Corporation:
Based on this information, the earnings per share calculations( rounded to two decimals)
Question 11 Reporting a net income of $ 95,000 will Question 12 Based on the following data, what is the amount of current assets?
Accounts payable ……………………………………………………….. $ 62,000
Accounts receivable …………………………………………………….. 100,000