held for future business site 18,000 In Hector's December 31, 2021 balance sheet, the current assets total is? 26) The stockholders' equity section is usually divided into what three parts? A. Preferred stock, common stock, treasury stock B. Preferred stock, common stock, retained earnings C. Capital stock, additional paid-in capital, retained earnings D. Capital stock, appropriated retained earnings, unappropriated retained earnings 27) The current ratio is defined as current assets divided by current liabilities. On December 29, 2021 Ohio Company had current assets of $200 and current liabilities of $100. On December 30, Ohio paid salary payable int the amount of $50. Calculate the current ratio on December 31, 2021.
held for future business site 18,000 In Hector's December 31, 2021 balance sheet, the current assets total is? 26) The stockholders' equity section is usually divided into what three parts? A. Preferred stock, common stock, treasury stock B. Preferred stock, common stock, retained earnings C. Capital stock, additional paid-in capital, retained earnings D. Capital stock, appropriated retained earnings, unappropriated retained earnings 27) The current ratio is defined as current assets divided by current liabilities. On December 29, 2021 Ohio Company had current assets of $200 and current liabilities of $100. On December 30, Ohio paid salary payable int the amount of $50. Calculate the current ratio on December 31, 2021.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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25 and 27 .
Transcribed Image Text:25)
Hector Corp.'s trial balance reflected the following account balances at
December 31, 2021:
Accounts receivable (net)
$ 24,000
6,000
Accumulated depreciation on equipment 15,000
16,000
30,000
25,000
4,000
2,000
18,000
Trading securities
Cash
Inventory
Equipment
Patent
Prepaid expenses
Land held for future business site
In Hector's December 31, 2021 balance sheet, the current assets total is?
26)
The stockholders' equity section is usually divided into what three parts?
A. Preferred stock, common stock, treasury stock
B. Preferred stock, common stock, retained earnings
C. Capital stock, additional paid-in capital, retained earnings
D. Capital stock, appropriated retained earnings, unappropriated retained
earnings
27)
December 29, 2021 Ohio Company had current assets of $200 and current liabilities
of $100. On December 30, Ohio paid salary payable int the amount of $50. Calculate
the current ratio on December 31, 2021.
The current ratio is defined as current assets divided by current liabilities. On
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