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