What is the amount of current liabilities

Assignment Help Accounting Basics
Reference no: EM132488205

Question - The following information is provided for a company. All liabilities are due to be satisfied within one year unless stated otherwise.

Retained earnings $52,000

Supplies 37,000

Equipment 72,000

Accounts receivable 9,000

Deferred revenue 6,000

Accounts payable 15,000

Common stock 25,000

Notes payable (due in 18 months) 35,000

Interest payable 7,000

Cash 22,000

Required - What is the amount of current liabilities?

Reference no: EM132488205

Questions Cloud

Test statistic what is our decision about the h0 : Find the test statistic and p-value for this test. Show which calculator function you are using.
Are actuaries business professionals who deal with risk : Are Actuaries business professionals who deal with risk? Depreciation and interest are recorded by a lessee under a capital lease, but not an operating lease.
Record the entry to write-off specific accounts : All implied journal entries relative to bad debt expense and the allowance for uncollectible accounts. Record the entry to write-off specific accounts
What are the pros and cons of your ell program : Based on your assigned group, list at least three pros and cons of your ELL program. Use your text and additional sources to support your response.
What is the amount of current liabilities : All liabilities are due to be satisfied within one year unless stated otherwise. What is the amount of current liabilities
Is debenture a debt that is not secured : Is debenture a debt that is not secured? Are Zero coupon bonds so named because companies do not record interest expense on them.
Calculate the accelerated depreciation amount : The estimated sale value of the equipment's is $3,000. Calculate the accelerated depreciation amount and complete the accelerated depreciation schedule
Calculate the gross profit margin on a sales transaction : Calculate the gross profit margin on a sales transaction. The sales transaction was "sold 30 different types of products on account to Pace Corporation
Determine the value of the test statistic : Determine if the test is two-tailed, right-tailed, or left-tailed, and determine the value of the test statistic.

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.

  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!

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