C D 1 Assets 2 Cash 3 Accounts Receivable 67,971 5,100 7,805 80,876 4 Inventory 5 Current Assets 6 Property & Equipment 7 Goodwill 8 Total Assets 45,500 20,000 146,376 9. 10 Liabilities 11 Short Term Debt 12 Accounts Payable 13 Current Liabilities 3,902 3,902 14 Long Term Debt 50,000 53,902 15 Total Liabilities 16 Shareholder's Equity 17 Equity Capital 18 Retained Earning 19 Shareholder's Equity 20 Total Liabilities & Shareholder's Equity 70,000 2,474 72,474 126,376 21 22 =IF(D8=D20,"OK") 23 24

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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Question
A
B
D
E
1
Assets
Cash
67,971
5,100
2
3
Accounts Receivable
4 Inventory
5 Current Assets
6 Property & Equipment
7 Goodwill
7,805
80,876
45,500
20,000
146,376
Total Assets
10 Liabilities
11 Short Term Debt
12 Accounts Payable
13 Current Liabilities
3,902
3,902
50,000
53,902
14 Long Term Debt
15 Total Liabilities
16 Shareholder's Equity
17 Equity Capital
18 Retained Earnings
19 Shareholder's Equity
20 Total Liabilities & Shareholder's Equity
70,000
2,474
72,474
126,376
21
=IF(D8=D20,"OK")
22
23
24
Given the above screenshot, what is the resulting
value in cell D22?
ERROR
TRUE
OK
FALSE
Transcribed Image Text:A B D E 1 Assets Cash 67,971 5,100 2 3 Accounts Receivable 4 Inventory 5 Current Assets 6 Property & Equipment 7 Goodwill 7,805 80,876 45,500 20,000 146,376 Total Assets 10 Liabilities 11 Short Term Debt 12 Accounts Payable 13 Current Liabilities 3,902 3,902 50,000 53,902 14 Long Term Debt 15 Total Liabilities 16 Shareholder's Equity 17 Equity Capital 18 Retained Earnings 19 Shareholder's Equity 20 Total Liabilities & Shareholder's Equity 70,000 2,474 72,474 126,376 21 =IF(D8=D20,"OK") 22 23 24 Given the above screenshot, what is the resulting value in cell D22? ERROR TRUE OK FALSE
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