May I ask for an explanation and solution to the question for a better understanding. Thank you!11. What is the amount of Sculler's working capital at December 31, 2021? a. P41,000b. P45,000c. P50,000d. P91,000 ADDITIONAL EXERCISES1. Sculler Company is calculating its ratios relating to debt-paying ability for the year endedDecember 31, 2014. Here is the relevant information:Sales revenueP125,00075, 00020, 0006, 0009, 000Cost of goods sold expenseInterest expenseIncome tax expenseNet incomeDecember 1, 2013December 31, 2014CashP10, 000P16, 00015, 000Accounts receivable25, 00060, 00028, 00013, 000Inventory45, 000Accounts payableTaxes payable24, 00011, 000

Solution- Particulars 2013 2014 Currents Assets- Cash 10000 16000 Accounts receivable…

Answered: 11. What is the amount of Sculler's…

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Accounting

11. What is the amount of Sculler's working capital at December 31, 2021? a. P41,000 b. P45,000 c. P50,000 d. P91,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Concept explainers

Filing Federal Income Tax Return

A tax is the amount of money paid to the government on the revenue earned by the individual or business organization. It acts as an income for the government and an expense for the individual or business organization. There are different regulations regarding filing an income tax return in other countries.

Question

May I ask for an explanation and solution to the question for a better understanding. Thank you!

11. What is the amount of Sculler's working capital at December 31, 2021?

a. P41,000

b. P45,000

c. P50,000

d. P91,000

ADDITIONAL EXERCISES
1. Sculler Company is calculating its ratios relating to debt-paying ability for the year ended
December 31, 2014. Here is the relevant information:
Sales revenue
P125,000
75, 000
20, 000
6, 000
9, 000
Cost of goods sold expense
Interest expense
Income tax expense
Net income
December 1, 2013
December 31, 2014
Cash
P10, 000
P16, 000
15, 000
Accounts receivable
25, 000
60, 000
28, 000
13, 000
Inventory
45, 000
Accounts payable
Taxes payable
24, 000
11, 000

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