A corporation has assets and owners' equity of $100 million and $40 million, respectively, what is the amount of the liability balance in this case? a. $140 b. $80 c. $60 d. w$2.5
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- 22. McLaughlin Corporation's statement of financial position showed the following amounts: current liabilities, $75,000; total liabilities, $100,000; total assets, $200,000. What is the total debt to total assets ratio? a.1 b.2 c.0.50 d.0.875If a corporation has 5,000,000 in current assets and 1,000,000 in current liabilities, the corporation is liquid. A. True B. FalseWhat are the total assets?
- Choose the letter of the correct answer. How much is the total assets, liabilities and shareholder' equity of Tom Corporation? (check the picture attached) a. Asset = P 326,000; Liabilities = P 130,000; Shareholder's equity = P 196,000 b. Asset = P 320,000; Liabilities = P 136,000; Shareholder's equity = P 184,000 c. Asset = P 200,000; Liabilities = P 70,000; Shareholder's equity = P 130,000 d. Asset = P 326,000; Liabilities = P 180,000; Shareholder's equity = P 146,000The balance sheet for the Capella Corporation is as follows: Assets Liabilities and Shareholders' Equity Current assets $ 300 Current liabilities $ 110 Net fixed assets 1, 200 Long-term debt 500 Shareholders' equity 890 Total assets $ 1,500 Total liabilities and shareholders' equity $ 1, 500 What is the Net Working Capital for Capella Corporation?21 The balance sheet for a corporation reported the following: noncurrent assets, $180,000; total assets, $430,000; noncurrent liabilities $230,000; total stockholders' equity, $89,000. Compute the corporation's working capital. Working capital
- How much is the total free assets? The following data were taken from the statement of affairs of TW CORP: Shareholder's equity- P441,000 Salaries-50,000 Bonds payable (unsecured)-735,000 Loss on asset realization-551,250 Accounts payable-P367,500 Taxes-72,500 Trustees expenses-55,125 A.953,575 B.1,114,750 C.1,059,625 D.992,250Please need answer the general accounting questionThe balance sheet for Shankland Corporation follows: 000'009 $ 000006 Current assets Long-term assets (net) Total assets Current liabilities Long-term liabilities Total liabilities Common stock and retained earnings 000 0000 000 00 000 009' 000 006 Total liabilities and stockholders' equity 000'00s Required Compute the following. (Round "Ratios" to 1 decimal place.) Working capital Current ratio Debt-to-assets ratio Debt-to-equity ratio
- Sunny Disposition, Inc. has net working capital of $32,500, current assets of $59,000, equity of $74,500, and long-term debt of $42,500. What is the amount of the net fixed assets? a. $58,000 b. $111,000 c. $94,600 d. $63,900 e. $84,500The following are the composition of the total gross income of a domestic corporation which is subject to MCIT: sales (net of discount and allowances) 4,000,000.00 less: cost of sales 2,400,000.00 gross income dividends income 1,600,000.00 100,000.00 royalty income gain on sale of building total gross income 250,000.00 150,000.00 2,100,000.00 1. What is the regular corporate income tax, if the corporation has a total allowable deduction of 1,700,000? 2. What is the MCIT? 3. What is the minimum corporate income tax? MPG institute reported the following: related unrelated total 200,000.00 500,000.00 300,000.00 100,000.00 100,000.00 200,000.00 Gross income deductions taxable income 200,000.00 100,000.00 300,000.00 1. What is the tax due if the corporation is an exempt non-profit corporation? 2. Wht is the tax due if the corporation is a proprietary educational institution or non profit hospital?The balance sheet for Baird Corporation follows: Current assets Long-term assets (net) Total assets Current liabilities Long-term liabilities Total liabilities Common stock and retained earnings Total liabilities and stockholders' equity Required Compute the following. Note: Round "Ratios" to 1 decimal place. Working capital Current ratio Debt-to-assets ratio Debt-to-equity ratio % $ 248,000 751,000 $ 999,000 $ 142,000 456,000 598,000 401,000 $ 999,000
