A business has $210,000 total liabilities. At start-up, the owners invested $500,000 in the business. Unfortunately, the business has suffered a cumulative loss of $200,000 up to the present time. What is the amount of its total assets at the present time?
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A business has $210,000 total liabilities. At start-up, the owners invested $500,000 in the business. Unfortunately, the business has suffered a cumulative loss of $200,000 up to the present time. What is the amount of its total assets at the present time?
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- I want answerA business has $210,000 total liabilities. At start-up, the owners invested $500,000 in the business. Unfortunately, the business has suffered a cumulative loss of $200,000 up to the present time. What is the amount of its total assets at the present time? No WRONG ANSWERAmount of Total Assets?
- A business has $210,000 total liabilities. At start-up, the owners invested $500,000 in the business. Unfortunately, the business has suffered a cumulative loss of $200,000 up to the present time. What is the amount of its total assets at the present time? Need Answer please help accounting expertA fire has destroyed a large percentage of the financial records of the Inferno Company. You have the task of piecing together information in order to release afinancial report. You have found the return on equity to be 14.3 percent. Sales were $1,735,000, the total debt ratio was 0.35, and total debt was $648,000. What is the Return on Assets?What is the return on assets?
- During the current year, Newtech Corporation sold a segment of its business at a loss of $230,000. Until it was sold, the segment had a current period operating loss of $200,000. Also, the company had an extraordinary gain of $90,000 during the year as the result of an expropriation settlement received from a foreign government. The company has $800,000 income from continuing operations for the current year. Prepare the lower part of the income statement, beginning with the $800,000 income from continuing operations. Follow tax allocation procedures, assuming that all changes in income are subject to a 40 percent income tax rate. Disregard earnings per share disclosures. Income from Continuing Operations Discontinued Operations Loss from operations of discontinued segment $ (120,000) * Loss on disposal of discontinued segment Income before Extraodinary Item Extraordinary Item Gain on expropriation settlement Net Income (138,000) X S 480,000 X x 370,000 X 54,000 800,000 XWhat was its charge for depreciation and amortization of this financial accounting question?The NOT A CHANCE Company had a bad financial condition caused by deficiency of liquid asset. On June 30, 2020, the following information was available: The assets amounted to P520,000 (includes cash - 20,000; accounts receivable – 50,000; Inventory - 230,000, equipment P 200,000, and patent for the balance). The liabilities to be liquidated amounted to 550,000 (salaries – 20,000; taxes payable 65,000; accounts payable 100,000 and notes payable 365,000) During the six-month period ending December 31, 2020, the trustee sold all inventories for P180,000 cash, collected only 80% of the accounts receivable with balance written off; and paid off accounts payable and all liabilities with priorities, as well as P 5,000 for estate administration expense. 15.How much is the ending cash balance on December 31, 2020? A. 20,000 35,000 С. 50,000 60,000 В. D.
- Barbell Corporation’s income statement reports that the company’s “bottom line” was $180,000 last year. The statement also shows that the company had depre- ciation and amortization expenses equal to $50,000 and taxes equal to $120,000. What was Barbell’s net cash flow?What was it's charge for depreciation and amortization of this financial accounting question?A company had the following results for the year: it achieved revenue of $2,500,000. It incurred operating expenses of $2,750,000. It spent $200,000 on a new piece of equipment. It borrowed $450,000 to fill the shortfall. how would you describe the company's results? a) profit of $200,000 b) profit if $50,000 c) no profit, no less d) loss of $50,000 e) loss of $250,000 f) loss of $450,000