题目内容

Jammer Corporation holds cash of $8,000 and owes $21,000 on accounts payable. Jammer has accounts receivable of $33,000, inventory of $28,000, and land that cost $42,000. How much are Jammer’s total assets and liabilities?

A. Total Assets$83,000; Liabilities$49,000
B. Total Assets$69,000; Liabilities$63,000
C. Total Assets$111,000; Liabilities$49,000
D. Total Assets$111,000; Liabilities$21,000

查看答案

搜索结果不匹配？点我反馈

更多问题

Which item(s) is(are) reported on the balance sheet?

A. Inventory
B. Accounts payable
C. Retained earnings
D. All of the listed choices

查看答案

During the year, McKenna Company’s stockholders’ equity increased from $99,000 to $115,000. McKenna earned net income of $25,000. Assume no changes in the capital stock accounts. How much in dividends did McKenna declare during the year?

A. $25,000
B. $0
C. $9,000
D. $16,000

查看答案

Noonan Company had total assets of $145,000 and total stockholders’ equity of $75,000 at the beginning of the year. During the year, assets increased by $47,000 and liabilities increased by $14,000. Stockholders’ equity at the end of the year is

A. $136,000
B. $122,000
C. $108,000
D. $142,000

查看答案

Which of the following is a true statement about International Financial Reporting Standards?

A. They are not needed for U.businesses since the United States already has the strongest accounting standards in the world.
B. They are more exact (contain more rules) than U.generally accepted accounting principles.
C. They are converging gradually with U.standards.
D. They are not being applied anywhere in the world yet, but soon they will be.

查看答案

Jammer Corporation holds cash of $8,000 and owes $21,000 on accounts payable. Jammer has accounts receivable of $33,000, inventory of $28,000, and land that cost $42,000. How much are Jammer’s total assets and liabilities?

A. Total Assets$83,000; Liabilities$49,000 B. Total Assets$69,000; Liabilities$63,000 C. Total Assets$111,000; Liabilities$49,000 D. Total Assets$111,000; Liabilities$21,000

Which item(s) is(are) reported on the balance sheet?

During the year, McKenna Company’s stockholders’ equity increased from $99,000 to $115,000. McKenna earned net income of $25,000. Assume no changes in the capital stock accounts. How much in dividends did McKenna declare during the year?

Noonan Company had total assets of $145,000 and total stockholders’ equity of $75,000 at the beginning of the year. During the year, assets increased by $47,000 and liabilities increased by $14,000. Stockholders’ equity at the end of the year is

Which of the following is a true statement about International Financial Reporting Standards?

A. Total Assets$83,000; Liabilities$49,000
B. Total Assets$69,000; Liabilities$63,000
C. Total Assets$111,000; Liabilities$49,000
D. Total Assets$111,000; Liabilities$21,000