What is the correct title for this company's balance sheet? a. Balance Sheet, Huimin Ltd., Year ended December 31, 2021 b. Huimin Ltd., Balance Sheet, December 31, 2021 C. Huimin Ltd., Balance Sheet, Year ended December 31, 2021 d. December 31, 2021, Balance Sheet, Huimin Ltd. e. Huimin Ltd., December 31, 2021, Balance Sheet Enter the letter that corresponds to your choice. (A B C D E) A. What is total current assets on this company's balance sheet? B. What is the correct order for the current assets section of this company's balance sheet?
What is the correct title for this company's balance sheet? a. Balance Sheet, Huimin Ltd., Year ended December 31, 2021 b. Huimin Ltd., Balance Sheet, December 31, 2021 C. Huimin Ltd., Balance Sheet, Year ended December 31, 2021 d. December 31, 2021, Balance Sheet, Huimin Ltd. e. Huimin Ltd., December 31, 2021, Balance Sheet Enter the letter that corresponds to your choice. (A B C D E) A. What is total current assets on this company's balance sheet? B. What is the correct order for the current assets section of this company's balance sheet?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
What is the correct title for this company's
a. Balance Sheet, Huimin Ltd., Year ended December 31, 2021
b. Huimin Ltd., Balance Sheet, December 31, 2021
C. Huimin Ltd., Balance Sheet, Year ended December 31, 2021
d. December 31, 2021, Balance Sheet, Huimin Ltd.
e. Huimin Ltd., December 31, 2021, Balance Sheet
Enter the letter that corresponds to your choice. (A B C D E)
A. What is total current assets on this company's balance sheet?
B. What is the correct order for the current assets section of this company's balance sheet?
ANSWER IN DETAIL

Transcribed Image Text:What is the correct title for this company's balance sheet?
a. Balance Sheet, Huimin Ltd., Year ended December 31, 2021
b. Huimin Ltd., Balance Sheet, December 31, 2021
c. Huimin Ltd., Balance Sheet, Year ended December 31, 2021
d. December 31, 2021, Balance Sheet, Huimin Ltd.
e. Huimin Ltd., December 31, 2021, Balance Sheet
Enter the letter that corresponds to your choice. (ABCDE)
What is total current assets on this company's balance sheet?
What is the correct order for the current assets section of this company's balance
sheet?

Transcribed Image Text:Office supplies expense
Cash (beginning of year)
Service revenue
Cash received from debt
Prepaid insurance
Office supplies
Business licence
Cash (end of year)
Income tax payable
Owners' capital
Website design
Telephone expense
Contributions by owners
Accounts payable
Bank loan payable, due in 2025
E
350
31,550
33,720
10,000
1,200
975
60
47,875
500
21,000
960
375
7,500
12,625
10.000
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