The statement below is likely from which of the following business (type of business and form of organisation):Balance Sheet As of 30th June 2021Assets  Cash$50,000 Accounts Receivables90,000  Land270,000  Buildings (net)220,700Total assets$630,700Liabilities  Accounts payable280,000Net Assets$350,700Shareholders' Equity Share capital$225,000Retained earnings  125,700Total stockholders' equity$350,700Question 2Answera.a merchandising partnershipb.a merchandising companyc.a merchandising sole-proprietorshipd.a service sole-proprietorshipe.a service company

The statement below is likely from which of the following type of business and form of organisation:Income StatementFor the year ended 30th JuneFees revenue $189 000Expenses:Supplies expenseSelling expensesFinancing expensesGeneral & administrative expensesTotal expensesNet profit before taxIncome tax expenseNet profit after tax       98 0008000175012 000       119 75069 25022 00047 250Question 3Answera.a service companyb.a merchandising sole-proprietorshipc.a merchandising partnershipd.a merchandising companye.a service sole-proprietorship

Name the major heading of the assets side of a Company’s Balance Sheet organisedand presented

The balance sheet shows the following accounts and amounts:Cash $26,000; Short-term Debt $42,000; Buildings and Equipment $840,000; Inventory, $88,000; Notes Payable $120,000; Accumulated Depreciation $220,000; Common Stock $160,000; Accounts Receivable $76,000; Retained Earnings $474,000; Accounts Payable $34,000.Total assets on the balance sheet are:Multiple Choice$1,030,000.$734,000.$1,250,000.$810,000.

Assets Liabilities  Accounts payable 25,000Cash 8, 000 Bank overdrafts 1,500Accounts receivables 10, 000 Long term loans 40,000Inventory 10, 000 Total liabilities 66,500Property, Plant and Equipment 100, 000 Shareholders Equity   Share capital 35,000  Retained earnings 26, 500Total Assets 128, 000 Total Liabilities and SE 128, 000 You have the following information from the balance sheet of Company X as at 30 June 2018.Calculate current ratio.

At the end of fiscal year 2021, company A discloses the following balance sheet:AssetsNon-cash current assets $1,200,000Non-current assets $3,000,000Long-term equity Investments $2,000,000Total $6,200,000Equity and LiabilitiesCurrent debt $500,000Other current liabilities $200,000Non-current debt $4,000,000Deferred tax liability $200,000Provisions for bad debt $160,000          Equity $1,140,000Total $6,200,000Company A’s net operating assets and net debt equal   Group of answer choicesC. $5,640,000 and $4,500,000, respectivelyA. $3,440,000 and $2,300,000, respectivelyB. $4,200,000 and $4,500,000, respectivelyD. $6,200,000 and $5,060,000, respectively