Calculate Total Current Liabilities Extract of Balance sheet items as at 31 December 2020 OR Equipment 20000 Goodwill 4500 Creditors 1000 Land 35000 Account receivables 3500 Capital 11500 Closing Stock 15000 Loan 3000 Bank overdraft 3200 Cash 2500 Mortagage loan 7500 Machinery 1650 Trade payables 5700 Accumulated Depreciation (Equipment) 1000 Short term Investments 2200 Trade marks 6000 Drawings 1000 Retained Earnings 9150 Prepaid Expenses 2300 MC Select one: a. 25500 OMR b. 9900 OMR c. 91650 OMR d. 81250 OMR

Q: Extract of Balance sheet items  as at 31 December 2020     OR Equipment 20000 Goodwill 4500…

A: Workings:-

Q: Extract of Balance sheet items  as at 31 December 2019     OR Building 35000 Account…

A: Extract of Balance sheet of 31.12.2019 : Current liabilities are the liabilities of the company…

Q: Calculate the increase in the retained earnings over the two-year period.

A: Retained earnings which is the profit available to the company which has not yet paid so this amount…

Q: The condensed balance sheet of the Dae-jung Inn are as follows. Assets 2019 2020 Current Assets…

A: Hi student Since there are multiple subparts, we will answer only first three subparts.

Q: Based on the following data, what is the amount of current assets? Accounts payable $60500 Accounts…

A: The current assets are the assets that can be converted into cash within one year.

Q: OR Extract of Balance sheet items as at 31 December 2019 0000 Building 3500 Account receivables…

A: ‘’Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: i there can you assist on the following question below The following information was extracted from…

A: Net profit margin represents net profitability over sales and the firm's ability to profit from…

Q: Coronado Industries Comparative Balance Sheets .       December 31,         2022     2021…

A: Working Notes: 1. Computation of Total Purchase in 2022:     Closing Inventory $3,950,000…

Q: Extract of Balance sheet items as at 31 December 2020 OR Land 35000 Account receivables 3500 Capital…

A: Formula: Owners Equity = Capital + Retained Earnings - Drawings.

Q: Use the following data to determine the total dollar amount of assets to be classified as current…

A: Current assets are those assets which are either in cash or can be converted into cash into short…

Q: Extract of Balance sheet items  as at 31 December 2019 OR Equipment 20000 Account  receivables…

A: Total assets of a firm include all the resources which are used in generating the wealth for the…

Q: he following information has been extracted from the accounting records of Lubners Limited on 31…

A: Statement of comprehensive income includes income from continuing operation as well as income from…

Q: OR Extract of Balance sheet items as at 31 December 2019 20000 Land 8700 Account receivables 11500…

A: The total assets of a firm can be divided into two categories; 1) Current assets and 2) Non-current…

Q: Extract of Balance sheet items as at 31 December 2020 OR Land 35000 Account receivables 3500 Capital…

A:

Q: 1. Deprecation 20000 2. Net income 75000 The following accounts increased during 2020: Accounts…

A: Cash flows refer to the movement of money into and out of a business

Q: Based on the following data, what is the amount of current assets? Accounts payable $64500 Accounts…

A: Current asset Asset which will be realised in normal operating cycle or with in 12 months is current…

Q: SydMel Ltd Statement of financial position As of 30 June 2020.       2020 2019 Assets…

A: The question is related to Cash flow from operating activities from the given Income Statement and…

Q: 1. Deprecation 20000 2. Net income 75000 The following accounts increased during 2020: Accounts…

A: Investing activities -   Cash flows from investing activities represent that, cash invested in the…

Q: SydMel Ltd Statement of financial position As of 30 June 2020.       2020 2019 Assets…

A: Cash flow from operating activities refers to the amount of money a company earns from continuing,…

Q: xtract of Balance sheet items  as at 31 December 2020     OR Land 35000 Account  receivables…

A: Formula: Owners equity = Capital + Retained earnings - Drawings. Deduction of drawings from Capital…

Q: (Millions of Dollars) 2021 Est. Net Sales 2020 2019 4,000 3,000 2,850 Operating Costs EBITD 3,100…

A: The earnings per share is a ratio that dictates that how much company is earning on the common…

Q: Use the below information to answer the following questions:       2020 2021 Sales $11,573 $12,936…

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Q: Required: Calculate the following:  (a) Cash collected from customers  (b) Cash paid to suppliers…

A: Assumptions: All sales are considered as credit sales, since no information is given in the…

Q: Profile Co has the following assets and liabilities: Assets: Cash $100 , account receivable,$150 ;…

A: The long term Assets are said to be the assets which will have longer lifespan and these will…

Q: 5. The following list of balances obtained from Agro Trading as at 31 July 2020. PARTICULARS Cash in…

A: Profit and loss account and other comprehensive income show the gross profit and net profit earned .…

Q: Calculate  Owner's Equity  Extract of Balance sheet items  as at 31 December 2020     OR…

A: Owner equity is the right of owner to assets of business which includes all things invested by the…

Q: Use the below information to answer the following questions:       2020 2021 Sales $11,573 $12,936…

A: Income statement is one of the financial statement being prepared in business and it is for the…

Q: QUESTION :_ The balance sheet of Lara Ltd are as follows: 31/12/2019 Non-Current Assets RM RM RM…

A: LARA LIMITED Cash Flow Statement (Indirect Method) For the year ended December 31, 2020 Cash…

Q: Deprecation 10000 2. Net income 75000 The following accounts increased during 2020: Accounts…

A: Cash flow statement is a statement which is prepared to find out the cash comes in and goes out , by…

Q: Based on the following data, what is the amount of working capital? Accounts payable $55040 Accounts…

A: Working capital:   Working capital refers to the capital in the form of excess of current assets…

Q: Extract of Balance sheet items  as at 31 December 2020     OR Land 35000 Account  receivables…

A: We know that current assets are those that are realized or consumed within the operating cycle of…