Please answer 3-5 completely.Thanks tutor Accumulated Depreciation - FixturesPatentsAccumulated Depreciation- PatentsTrademarksAccumulated Depreciation - TrademarksLand held for Fair Value AppreciationAccounts PayableNotes PayableInterest PayableIncome Tax PayableLong - term DebtCapital(100,000)1,000,000(100,000)1,000,000(100,000)10,000,0002,000,0001,000,000100,000900,0005,000,00020,875,000Instructions: Prepare a statement of financial position and label its parts. After which, answer the followingquestions.How much is the total current assets of the entity?How much is the total noncurrent assets of the entity?How much is the total current liabilities of the entity?How much is the total noncurrent liabilities of the entity?How much is the total assets of the entity?How much is the ratio of the current assets to the current liabilities? Below are the accounts of Celistina Trading for the year ended December 31, 2015.Cash in Banco de PlataCash in Metro Pacific BankPetty Cash FundChange Cash FundCash EquivalentsAccounts ReceivablesNotes ReceivablesRaw MaterialsWork in ProgressFinished Goods8,000,0002,000,00050,00025,000100,0002,000,000200,000600,000400,0001,000,0001,000,0002,000,000(200,000)1,000,000Land Used as Plant SiteVehiclesAccumulated Depreciation- VehiclesFixtures

How much is the total non current liabilities of the entity ? Non current…

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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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BOR Tutor - Solution Page 1 of 1 | Ha X A learn.hawkeslearning.com/Portal/Lesson/lesson_certify#! MSC SSO Login To Do Assignments. E Reading list E Apps BSA Violation Civil... Search FAQS for Indian Trib... CPAJ The Past, Present, a... CPAJ Fraud in a World of... You were asked to answer the following question: Consider a small photography studio with 8 workers and 5 printers. The total cost of labor and capital is $3,300. In order to reduce total operating costs, the owner leases 5 additional printers and fires 5 workers. After these changes, the salary of each worker increases by $30, the cost of using each of the printers (both new and old) remains constant, and the total cost of labor and capital decreases to $2,950. What is the cost of using one printer? The following answer is correct: First, calculate the new total quantities of workers and printers after the changes were made. New quantity of workers= 8-5= 3 workers New quantity of printers = 5 + 5 = 10 printers Assume that C,…
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Answered: The fo x b Details | bartleby x b My Questions |b x Post Altendee -2 x FA Midterm Exan X -> File | C:/Users/Wendy/Downloads/FA%20Midterm%20Exam.pdf ME6 Which of the following entries records the payment of an account payable? a) Debit Accounts Payable, credit Cash b) Debit Cash, credit Accounts Payable c) Debit Expense, credit Cash d) Debit Cash, credit Expense ME7 The process of initially recording a business transaction is called: a) Sliding b) Posting c) Journalizing d) Transposing ME8 Which of the following entries for goods sold by cash is correct? a) Cash Dr, AR Cr b) AR Dr, Revenue Cr c) Fees Earned, debit; Cash credit d) Cash, debit; Bank Cr ME9 The verification that the sum of the debits and the sum of the credits in the ledger are equal is called: a) A journal b) A ledger c) Posting Type here to search
Please refer table P4.3 And table 94.4 in the below screenshots and answer question 7.
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