11.Question 11Use the balance sheet pictured to answer the following question.Balance SheetCurrent assetsAmount Cash$2,500 Accounts receivable$400 Inventory$400 Prepaid rent$10,000Long-term assets Equipment$3,900 Vehicle$25,000 Accumulated depreciation-$2,500 Furniture$2,200 Computers$2,600Total Assets$44,500If the accumulated depreciation for Eternal Summer’s mobile massage van increases to $3,000, what would the Total Assets balance be after this entry? 1 point$44,000$44,500$45,000

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.

Question 8How would you categorize $3,500 worth of computer equipment that the business will use as part of its operations? 1 pointCurrent assetsLong-term assetsEquity

Question 6If we create a Balance Sheet for Eternal Summer on May 1st, which of these would appear on the statement? 1 pointRental Expense $1,000Prepaid Rent $8,000

Equipment is purchased for $50 000. It is to be depreciated on a diminishing balance basis using a rate of 10%. How much will the carrying amount be at the end of year 3? A. $40500 B. $50 000 C. $36450 D. $45000

Suppose the following items are taken from the 2027 balance sheet of Yahoo! Inc. (All dollars are in millions.)Goodwill $4,100Common stock 6,330Equipment 1,790Accounts payable 130Patents 210Stock investments (long-term) 3,360Accounts receivable 1,140Prepaid rent 250Debt investments (short-term) 1,060Retained earnings 6,530Cash 2,440Notes payable (long-term) 710Unearned sales revenue 400Accumulated depreciation—equipment 250Prepare a classified balance sheet for Yahoo! Inc. as of December 31, 2027. (List Current Assets in order of liquidity.)