ACC 556 STR Course Great Wisdom / tutorialrank.com ACC 556 STR Course Great Wisdom / tutorialrank.com | Page 6

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