User Account

All Pages

What amount should sean report as total current assets

Assignment Help Accounting Basics
Reference no: EM131751356

Sean's trial balance has the following selected items:
Cash (includes $10,000 in a bond sinking fund
for long-term bond payables) $50,000
Accounts receivable 20,000
Allowance for doubtful accounts 5,000
Deposits received from customers 3,000
Merchandise inventory 7,000
Unearned rent 1,000
Investment in Trading Securities 2,000

What amount should Sean report as total current assets in its balance sheet?

$64,000
$67,000
$72,000
$74,000

Reference no: EM131751356

Questions Cloud

Discusses trends in human resource management : Find an article from a reputable news source that discusses trends in human resource management.
How have member of various race categories been discriminate : How have members of various race categories been discriminated again throughout our history? What questions/point would you like to discuss from the film?
What was earlier campaign and how people responded : What was earlier campaign and how people responded. Discuss the role of corporate world and individuals for the charity:water.
Discuss problem related to the canadian households : Marketing and Consumer Behavior A recent study suggests that Canadians are getting richer but they are among the most indebted people in the world.
What amount should sean report as total current assets : What amount should Sean report as total current assets in its balance sheet
General and international context : What are the influences, if any, on your framework from viewing government ethics in this more general and international context?
Does the general ethical culture of the united states : Does the general ethical culture of the United States influence you and the ethical values that are currently reflected in your framework?
Analyze the questions associated with your chosen case study : Analyze the questions associated with your chosen case study and discuss them using concepts you learned in this course.
Determine the total expense recognized by ftcap : Determine the total expense recognized by Ftcap in each year's income statement and the lease liability reported

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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