The assets of a company total $704,000; the liabilities, $202,000. What are the net assets?
A. $906,000.
B. $202,000.
C. $502,000.
D. $704,000.
E. It is impossible to determine unless the amount of stockholder investments is known.
Answer: C
You might also like to view...
Valuation is a relevant assertion when auditing premiums or discounts on bonds
a. True b. False Indicate whether the statement is true or false
Each of the following requirements is independent of the others.a) Valdez Corporation has liabilities of $95,000 and equity of $115,000. What is the amount of Valdez's assets? ________b) Global Company has assets of $320,000 and liabilities of $95,000. What is the amount of Global's equity? ________c) Brown Company has assets of $90,000 and liabilities of $25,000. What is the amount of Brown's claims? ________
What will be an ideal response?
Which of the following is NOT a measure of variation that must be calculated prior to determining the value of coefficient of determination (R2)?
a. total sum of squares (SST) b. error sum of squares (SSE) c. regression sum of squares (SSR) d. cumulative sum of error (CSE)
According to the chapter case, what was the primary problem facing the Girl Scouts regarding their supply chain problems?
A) There were high error rates in ordering and fulfillment. B) It required too much time of volunteers. C) The paper-based system was outdated. D) There was no integration with suppliers. E) The ordering process was inefficient for a large volume of orders.