What would be the total of liabilities and owners equity

Assignment Help Financial Accounting
Reference no: EM131205747

Flores Realty Company has the following balance sheet accounts and balances: Accounts Payable $6,000 Earl Flores, Capital ? Accounts Receivable $1,000 Equipment $7,000 Building $8,000 Land $7,000 Cash $3,000 If, $3,000 of accounts payable were paid in cash, what would be the total of liabilities and owner's equity?

Reference no: EM131205747

Questions Cloud

Describe the project procurement planning process : Describe the project procurement planning process. Identify the most valuable output of the plan procurement process and explain why you believe it is most valuable. Explain the various contract types and describe who--buyer or seller--has the most a..
Tax basis in his stock after the distribution : This year, Sooner Company reports current E&P of negative $450,000. Its accumulated E&P at the beginning of the year was $344,000. Sooner distributed $688,000 to its sole shareholder, Boomer Wells, on June 30 of this year. Boomer’s tax basis in his S..
Discuss the classifications of organizational theory : Discuss the classifications of organizational theory and their precepts and what can we learn from its history? For businesses to succeed they must maintain a competitive advantage in the marketplace.
Analyze legal mechanisms in which an inmate can challenge : Examine the four (4) management issues that arise as a result of inmates with special needs. Prepare one (1) recommendation for each management issue that effectively neutralizes each concern. Provide a rationale for your response.
What would be the total of liabilities and owners equity : Flores Realty Company has the following balance sheet accounts and balances: Accounts Payable $6,000 Earl Flores, Capital ? Accounts Receivable $1,000 Equipment $7,000 Building $8,000 Land $7,000 Cash $3,000 If, $3,000 of accounts payable were paid i..
Post the adjusting entries into the general ledger : BUS 202 - Financial Accounting Assignment - Cimear's Hair Design. Make the adjusting entries for July 31 2012 in the general journal. Post the adjusting entries into the general ledger. Prepare an adjusted trial balance for July
Comparative advantage as a basis for international trade : Comparative advantage as a basis for international trade. Why do People (or countries) Trade? How is that a good (Bad) thing? Find, read and cite at least one news article that discusses international trade.
Identify points in the peer review cycle : Identify points in the peer review cycle that seem especially important and explain why. - How does an editor differ from a peer reviewer? Use at least two points to support your response.
Five assumptions of free market capitalism : List and describe at least five assumptions of free market capitalism.

Reviews

Write a Review

Financial Accounting Questions & Answers

  What is the npv of the project

Suppose your required return on the project is 8 percent and your pretax cost savings are $196,000 per year. What is the NPV of the project?(Do not include the dollar sign ($). Round your answer to 2 decimal places (e.g., 32.16).)

  Prepare the statement of profit or loss

Prepare the statement of profit or loss and other comprehensive income, statement of changes in equity, statement of financial position and the relevant notes of Hafeni Limited for the year ended 31 December 2015.

  Managers place a high priority on internal control

Managers place a high priority on internal control systems because the systems assist managers

  How can analysis tools help the finance or accounting arms

Do the tools help only in certain situations such as routine, daily or rather mundane decisions, like cost controls, quality controls or staffing questions (in term of number of people needed)?

  Explainingnbsp the relationship between the labour

explainingnbsp the relationship between the labour efficiency variance and the variable overhead.the moore company

  Develop the project financial statement that fully assess

What do you think are the best strategis for Lowe'so to outperform Home Depot as the housing market and world economy continue to improve. Develop the project financial statement that fully assess and evaluate the impact of your proposed strategy.

  Suppose japanese

Suppose Japanese yen money market annual rate is .60 % and US money market an annual rate of 4.50 %.

  The diverse measurement methods developed for different

the diverse measurement methods developed for different types of assets suggest that standard setters are confused

  Assume estate construction is constructing a building

1.Assume Estate Construction is constructing a building for CyberB, an online retailing company.

  Prime contractors prime is a privately owned company that

prime contractors prime is a privately owned company that contracts with the u.s. government to provide various

  How will reporting on the financial statement be determined

Describe whether the client's debt is forgiven if the mortgage is rewritten, or if their mortgage will be written if they file Chapter 11. How will the reporting on the financial statement be determined?

  Contribution margin of the product

How much does he need in $U.S. if there are 0.98 Euros to the $U.S and what is the contribution margin of the product?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd