Discounts on Notes Receivable is a contra-liability account
Indicate whether the statement is true or false
F
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There is a standard format in various countries for the statement of financial position
a. True b. False Indicate whether the statement is true or false
Melanie wants to make her organization more sustainable by preserving materials and resources. Melanie must begin with ________.
A. hiring new people for her organization to achieve sustainability B. tracking the progress made toward achieving sustainability C. rewarding her current employees for achieving sustainability D. setting goals to achieve sustainability
Which of the following is an example of an autonomous agency of the United Nations?
A) the North Atlantic Treaty Organization B) the Security Council C) the World Trade Organization D) the International Monetary Fund
The above diagram shows a balance sheet for a certain company. If the company buys new property, plant and equipment today using its entire cash balance, what will its net working capital be?
Balance Sheet Assets Liabilities Current Assets Current Liabilities Cash 54 Accounts payable 42 Accounts receivable 20 Notes payable/short-term debt 6 Inventories 16 Total current assets 90 Total current liabilities 48 Long-Term Assets Long-Term Liabilities Net property, plant, and equipment 120 Long-term debt 129 Total long-term assets 120 Total long-term liabilities 129 Total Liabilities 177 Stockholders' Equity 33 Total Assets 210 Total Liabilities and 210 Stockholders' Equity A) -$12 million B) $12 million C) -$24 million D) $24 million