The following is a trial balance of Barnhart Company as December 31, Year 1:Account Title:DebitCreditCash12,500 Accounts Receivable3,250 Accounts Payable 2,800 Common Stock 6,600 Retained Earnings 4,500 Service Revenue 7,450 Operating Expenses5,100 Dividends500 Totals21,350 21,350 What is the total amount of assets that will be reported on the balance sheet prepared as of December 31, Year 1?
A. $23,200
B. $15,750
C. $21,350
D. $12,500
Answer: B
You might also like to view...
Refer to the following UML class diagram to answer the question below about the relational database based on this model.The Purchase Orders table would have five foreign keys.
Answer the following statement true (T) or false (F)
Protocol analysis and debriefing are two commonly used procedures in pretesting
Indicate whether the statement is true or false
A superior indicator of how sound W.L. Gore's strategy is and whether or not the strategy signals strong execution is
A. undertaking new initiatives to promote corporate social responsibility. B. falling short of its stated financial objectives, that is, its financial performance is well below the industry average, and its market share gains reflect short-term preferences for capacity maximization. C. foregoing initiatives designed to build market share and to promote corporate responsibility. D. remaining inattentive to possible improvements in its functional areas, creating stretch business goals, and providing a product-focused value proposition to customers. E. achieving its stated financial and strategic objectives via improvements in its internal processes such as defect rate, order fulfillment, delivery times, days of inventory, and employee productivity.
Managerial performance in the domestic setting and ______ is the main selection criterion for foreign assignments.
A. technical competences B. domestic setting C. financial gain D. perceived risk