[The following information applies to the questions displayed below.] The following pre-closing accounts and balances were drawn from the records of Carolina Company on December 31, Year 1: Cash$4,000 Accounts receivable$3,400 Dividends 2,000 Common stock 3,900 Land 3,200 Revenue 3,200 Accounts payable 1,800 Expense 2,200 Retained earnings 5,900 What is the amount of total assets that will be reported on the balance sheet as of December 31, Year 1?
A. $12,600
B. $13,800
C. $10,600
D. $7,200
Answer: C
You might also like to view...
The direct method of allocating support departments recognizes the interactions among the support departments
Indicate whether the statement is true or false
A boutique hotel chain provides upscale rooms and superior customer service at value prices. What strategy is the hotelier using to gain competitive advantage?
A. a best-cost provider strategy B. a focused low-cost strategy C. a low-cost provider strategy D. a broad differentiation strategy E. a focused differentiation strategy
Robert hired James, a CPA, to prepare his tax returns. James was too busy and delegated the work to Sara, also a CPA. This delegation is:
a. enforceable, as Sara is also a CPA. b. enforceable, as there was no expectation James would do the work. c. not enforceable, as Robert hired James to perform personal services. d. not enforceable, as this violates public policy.
The agreement reached among and between a criminal defendant, the prosecutor, and the judge, to accept a guilty plea in exchange for a specified sentence, is called a(n)_________
Fill in the blank(s) with correct word