SlideShare a Scribd company logo
The following accounts were taken from ABC Company
Solution
Calculation of Total Assets:
Amount($)
Account Receivable 64,000
+Building 81,000
+Cash 30,000
+Equipment 68,000
Less: Accumulated Depreciation (27,000 + 4,000) 31,000
+Inventory 62,000
+Prepaid Insurance (for 20 months) (18,000 / 24 x 20) 15,000
+Trademark 31,000
Total Assets 320,000

More Related Content

More from carold11

The fiscal 2012 financial statements of Barney Services shows average.docx
The fiscal 2012 financial statements of Barney Services shows average.docxThe fiscal 2012 financial statements of Barney Services shows average.docx
The fiscal 2012 financial statements of Barney Services shows average.docx
carold11
 
The equity sections from Atticus Group The equity sections from.docx
The equity sections from Atticus Group        The equity sections from.docxThe equity sections from Atticus Group        The equity sections from.docx
The equity sections from Atticus Group The equity sections from.docx
carold11
 
The executive officers of Rouse Corporation have a performance-based c.docx
The executive officers of Rouse Corporation have a performance-based c.docxThe executive officers of Rouse Corporation have a performance-based c.docx
The executive officers of Rouse Corporation have a performance-based c.docx
carold11
 
The Federal Reserve had to resort to non-standard methods to try to st.docx
The Federal Reserve had to resort to non-standard methods to try to st.docxThe Federal Reserve had to resort to non-standard methods to try to st.docx
The Federal Reserve had to resort to non-standard methods to try to st.docx
carold11
 
The EU recently admitted the Eastern European countries- How do you as.docx
The EU recently admitted the Eastern European countries- How do you as.docxThe EU recently admitted the Eastern European countries- How do you as.docx
The EU recently admitted the Eastern European countries- How do you as.docx
carold11
 
The Esposito Import Company had 1 million shares of common stock outst.docx
The Esposito Import Company had 1 million shares of common stock outst.docxThe Esposito Import Company had 1 million shares of common stock outst.docx
The Esposito Import Company had 1 million shares of common stock outst.docx
carold11
 
The energy levels of electrons are related to their- a) Position on t.docx
The energy levels of electrons are related to their-  a) Position on t.docxThe energy levels of electrons are related to their-  a) Position on t.docx
The energy levels of electrons are related to their- a) Position on t.docx
carold11
 
The Electron in a Hydrogen Atom transforms from its n-1 state to its n.docx
The Electron in a Hydrogen Atom transforms from its n-1 state to its n.docxThe Electron in a Hydrogen Atom transforms from its n-1 state to its n.docx
The Electron in a Hydrogen Atom transforms from its n-1 state to its n.docx
carold11
 
The enqueue operation on the Queue ADT adds a new item to the back of (1).docx
The enqueue operation on the Queue ADT adds a new item to the back of (1).docxThe enqueue operation on the Queue ADT adds a new item to the back of (1).docx
The enqueue operation on the Queue ADT adds a new item to the back of (1).docx
carold11
 
The Fed follows the theory of bureaucratic behavior in what sense-.docx
The Fed follows the theory of bureaucratic behavior in what sense-.docxThe Fed follows the theory of bureaucratic behavior in what sense-.docx
The Fed follows the theory of bureaucratic behavior in what sense-.docx
carold11
 
Pay structures Union contracts Wage and price contracts Levels of reve.docx
Pay structures Union contracts Wage and price contracts Levels of reve.docxPay structures Union contracts Wage and price contracts Levels of reve.docx
Pay structures Union contracts Wage and price contracts Levels of reve.docx
carold11
 
Pat ts oints Give all answers to the corret number of significant figu.docx
Pat ts oints Give all answers to the corret number of significant figu.docxPat ts oints Give all answers to the corret number of significant figu.docx
Pat ts oints Give all answers to the corret number of significant figu.docx
carold11
 
Partial balance sheets and additional iformation are listed below for.docx
Partial balance sheets and additional iformation are listed below for.docxPartial balance sheets and additional iformation are listed below for.docx
Partial balance sheets and additional iformation are listed below for.docx
carold11
 
PART ONE- Briefly explain and illustrate how the unemployment rate and.docx
PART ONE- Briefly explain and illustrate how the unemployment rate and.docxPART ONE- Briefly explain and illustrate how the unemployment rate and.docx
PART ONE- Briefly explain and illustrate how the unemployment rate and.docx
carold11
 
Part K (There is no common name for this species-) CHO Spell out the f.docx
Part K (There is no common name for this species-) CHO Spell out the f.docxPart K (There is no common name for this species-) CHO Spell out the f.docx
Part K (There is no common name for this species-) CHO Spell out the f.docx
carold11
 
Part I- Avoid claims rejections A payer may delay or deny payment beca.docx
Part I- Avoid claims rejections A payer may delay or deny payment beca.docxPart I- Avoid claims rejections A payer may delay or deny payment beca.docx
Part I- Avoid claims rejections A payer may delay or deny payment beca.docx
carold11
 
Part B 1- (2 pts-) Write the reaction equation of ammonium ions with s.docx
Part B 1- (2 pts-) Write the reaction equation of ammonium ions with s.docxPart B 1- (2 pts-) Write the reaction equation of ammonium ions with s.docx
Part B 1- (2 pts-) Write the reaction equation of ammonium ions with s.docx
carold11
 
Part A Prepare an income statement and a statement of retained earning.docx
Part A Prepare an income statement and a statement of retained earning.docxPart A Prepare an income statement and a statement of retained earning.docx
Part A Prepare an income statement and a statement of retained earning.docx
carold11
 
Part 3 Your animation should contain at least the following- Translati.docx
Part 3 Your animation should contain at least the following- Translati.docxPart 3 Your animation should contain at least the following- Translati.docx
Part 3 Your animation should contain at least the following- Translati.docx
carold11
 
Part 3 Put it all together- Calculate the concentrations of all speci.docx
Part 3  Put it all together- Calculate the concentrations of all speci.docxPart 3  Put it all together- Calculate the concentrations of all speci.docx
Part 3 Put it all together- Calculate the concentrations of all speci.docx
carold11
 

More from carold11 (20)

The fiscal 2012 financial statements of Barney Services shows average.docx
The fiscal 2012 financial statements of Barney Services shows average.docxThe fiscal 2012 financial statements of Barney Services shows average.docx
The fiscal 2012 financial statements of Barney Services shows average.docx
 
The equity sections from Atticus Group The equity sections from.docx
The equity sections from Atticus Group        The equity sections from.docxThe equity sections from Atticus Group        The equity sections from.docx
The equity sections from Atticus Group The equity sections from.docx
 
The executive officers of Rouse Corporation have a performance-based c.docx
The executive officers of Rouse Corporation have a performance-based c.docxThe executive officers of Rouse Corporation have a performance-based c.docx
The executive officers of Rouse Corporation have a performance-based c.docx
 
The Federal Reserve had to resort to non-standard methods to try to st.docx
The Federal Reserve had to resort to non-standard methods to try to st.docxThe Federal Reserve had to resort to non-standard methods to try to st.docx
The Federal Reserve had to resort to non-standard methods to try to st.docx
 
The EU recently admitted the Eastern European countries- How do you as.docx
The EU recently admitted the Eastern European countries- How do you as.docxThe EU recently admitted the Eastern European countries- How do you as.docx
The EU recently admitted the Eastern European countries- How do you as.docx
 
The Esposito Import Company had 1 million shares of common stock outst.docx
The Esposito Import Company had 1 million shares of common stock outst.docxThe Esposito Import Company had 1 million shares of common stock outst.docx
The Esposito Import Company had 1 million shares of common stock outst.docx
 
The energy levels of electrons are related to their- a) Position on t.docx
The energy levels of electrons are related to their-  a) Position on t.docxThe energy levels of electrons are related to their-  a) Position on t.docx
The energy levels of electrons are related to their- a) Position on t.docx
 
The Electron in a Hydrogen Atom transforms from its n-1 state to its n.docx
The Electron in a Hydrogen Atom transforms from its n-1 state to its n.docxThe Electron in a Hydrogen Atom transforms from its n-1 state to its n.docx
The Electron in a Hydrogen Atom transforms from its n-1 state to its n.docx
 
The enqueue operation on the Queue ADT adds a new item to the back of (1).docx
The enqueue operation on the Queue ADT adds a new item to the back of (1).docxThe enqueue operation on the Queue ADT adds a new item to the back of (1).docx
The enqueue operation on the Queue ADT adds a new item to the back of (1).docx
 
The Fed follows the theory of bureaucratic behavior in what sense-.docx
The Fed follows the theory of bureaucratic behavior in what sense-.docxThe Fed follows the theory of bureaucratic behavior in what sense-.docx
The Fed follows the theory of bureaucratic behavior in what sense-.docx
 
Pay structures Union contracts Wage and price contracts Levels of reve.docx
Pay structures Union contracts Wage and price contracts Levels of reve.docxPay structures Union contracts Wage and price contracts Levels of reve.docx
Pay structures Union contracts Wage and price contracts Levels of reve.docx
 
Pat ts oints Give all answers to the corret number of significant figu.docx
Pat ts oints Give all answers to the corret number of significant figu.docxPat ts oints Give all answers to the corret number of significant figu.docx
Pat ts oints Give all answers to the corret number of significant figu.docx
 
Partial balance sheets and additional iformation are listed below for.docx
Partial balance sheets and additional iformation are listed below for.docxPartial balance sheets and additional iformation are listed below for.docx
Partial balance sheets and additional iformation are listed below for.docx
 
PART ONE- Briefly explain and illustrate how the unemployment rate and.docx
PART ONE- Briefly explain and illustrate how the unemployment rate and.docxPART ONE- Briefly explain and illustrate how the unemployment rate and.docx
PART ONE- Briefly explain and illustrate how the unemployment rate and.docx
 
Part K (There is no common name for this species-) CHO Spell out the f.docx
Part K (There is no common name for this species-) CHO Spell out the f.docxPart K (There is no common name for this species-) CHO Spell out the f.docx
Part K (There is no common name for this species-) CHO Spell out the f.docx
 
Part I- Avoid claims rejections A payer may delay or deny payment beca.docx
Part I- Avoid claims rejections A payer may delay or deny payment beca.docxPart I- Avoid claims rejections A payer may delay or deny payment beca.docx
Part I- Avoid claims rejections A payer may delay or deny payment beca.docx
 
Part B 1- (2 pts-) Write the reaction equation of ammonium ions with s.docx
Part B 1- (2 pts-) Write the reaction equation of ammonium ions with s.docxPart B 1- (2 pts-) Write the reaction equation of ammonium ions with s.docx
Part B 1- (2 pts-) Write the reaction equation of ammonium ions with s.docx
 
Part A Prepare an income statement and a statement of retained earning.docx
Part A Prepare an income statement and a statement of retained earning.docxPart A Prepare an income statement and a statement of retained earning.docx
Part A Prepare an income statement and a statement of retained earning.docx
 
Part 3 Your animation should contain at least the following- Translati.docx
Part 3 Your animation should contain at least the following- Translati.docxPart 3 Your animation should contain at least the following- Translati.docx
Part 3 Your animation should contain at least the following- Translati.docx
 
Part 3 Put it all together- Calculate the concentrations of all speci.docx
Part 3  Put it all together- Calculate the concentrations of all speci.docxPart 3  Put it all together- Calculate the concentrations of all speci.docx
Part 3 Put it all together- Calculate the concentrations of all speci.docx
 

Recently uploaded

The Challenger.pdf DNHS Official Publication
The Challenger.pdf DNHS Official PublicationThe Challenger.pdf DNHS Official Publication
The Challenger.pdf DNHS Official Publication
Delapenabediema
 
Chapter 3 - Islamic Banking Products and Services.pptx
Chapter 3 - Islamic Banking Products and Services.pptxChapter 3 - Islamic Banking Products and Services.pptx
Chapter 3 - Islamic Banking Products and Services.pptx
Mohd Adib Abd Muin, Senior Lecturer at Universiti Utara Malaysia
 
CACJapan - GROUP Presentation 1- Wk 4.pdf
CACJapan - GROUP Presentation 1- Wk 4.pdfCACJapan - GROUP Presentation 1- Wk 4.pdf
CACJapan - GROUP Presentation 1- Wk 4.pdf
camakaiclarkmusic
 
special B.ed 2nd year old paper_20240531.pdf
special B.ed 2nd year old paper_20240531.pdfspecial B.ed 2nd year old paper_20240531.pdf
special B.ed 2nd year old paper_20240531.pdf
Special education needs
 
Honest Reviews of Tim Han LMA Course Program.pptx
Honest Reviews of Tim Han LMA Course Program.pptxHonest Reviews of Tim Han LMA Course Program.pptx
Honest Reviews of Tim Han LMA Course Program.pptx
timhan337
 
Unit 2- Research Aptitude (UGC NET Paper I).pdf
Unit 2- Research Aptitude (UGC NET Paper I).pdfUnit 2- Research Aptitude (UGC NET Paper I).pdf
Unit 2- Research Aptitude (UGC NET Paper I).pdf
Thiyagu K
 
June 3, 2024 Anti-Semitism Letter Sent to MIT President Kornbluth and MIT Cor...
June 3, 2024 Anti-Semitism Letter Sent to MIT President Kornbluth and MIT Cor...June 3, 2024 Anti-Semitism Letter Sent to MIT President Kornbluth and MIT Cor...
June 3, 2024 Anti-Semitism Letter Sent to MIT President Kornbluth and MIT Cor...
Levi Shapiro
 
Francesca Gottschalk - How can education support child empowerment.pptx
Francesca Gottschalk - How can education support child empowerment.pptxFrancesca Gottschalk - How can education support child empowerment.pptx
Francesca Gottschalk - How can education support child empowerment.pptx
EduSkills OECD
 
Digital Tools and AI for Teaching Learning and Research
Digital Tools and AI for Teaching Learning and ResearchDigital Tools and AI for Teaching Learning and Research
Digital Tools and AI for Teaching Learning and Research
Vikramjit Singh
 
Thesis Statement for students diagnonsed withADHD.ppt
Thesis Statement for students diagnonsed withADHD.pptThesis Statement for students diagnonsed withADHD.ppt
Thesis Statement for students diagnonsed withADHD.ppt
EverAndrsGuerraGuerr
 
Marketing internship report file for MBA
Marketing internship report file for MBAMarketing internship report file for MBA
Marketing internship report file for MBA
gb193092
 
Mule 4.6 & Java 17 Upgrade | MuleSoft Mysore Meetup #46
Mule 4.6 & Java 17 Upgrade | MuleSoft Mysore Meetup #46Mule 4.6 & Java 17 Upgrade | MuleSoft Mysore Meetup #46
Mule 4.6 & Java 17 Upgrade | MuleSoft Mysore Meetup #46
MysoreMuleSoftMeetup
 
TESDA TM1 REVIEWER FOR NATIONAL ASSESSMENT WRITTEN AND ORAL QUESTIONS WITH A...
TESDA TM1 REVIEWER  FOR NATIONAL ASSESSMENT WRITTEN AND ORAL QUESTIONS WITH A...TESDA TM1 REVIEWER  FOR NATIONAL ASSESSMENT WRITTEN AND ORAL QUESTIONS WITH A...
TESDA TM1 REVIEWER FOR NATIONAL ASSESSMENT WRITTEN AND ORAL QUESTIONS WITH A...
EugeneSaldivar
 
Supporting (UKRI) OA monographs at Salford.pptx
Supporting (UKRI) OA monographs at Salford.pptxSupporting (UKRI) OA monographs at Salford.pptx
Supporting (UKRI) OA monographs at Salford.pptx
Jisc
 
Synthetic Fiber Construction in lab .pptx
Synthetic Fiber Construction in lab .pptxSynthetic Fiber Construction in lab .pptx
Synthetic Fiber Construction in lab .pptx
Pavel ( NSTU)
 
Best Digital Marketing Institute In NOIDA
Best Digital Marketing Institute In NOIDABest Digital Marketing Institute In NOIDA
Best Digital Marketing Institute In NOIDA
deeptiverma2406
 
The French Revolution Class 9 Study Material pdf free download
The French Revolution Class 9 Study Material pdf free downloadThe French Revolution Class 9 Study Material pdf free download
The French Revolution Class 9 Study Material pdf free download
Vivekanand Anglo Vedic Academy
 
aaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
aaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
aaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
siemaillard
 
Group Presentation 2 Economics.Ariana Buscigliopptx
Group Presentation 2 Economics.Ariana BuscigliopptxGroup Presentation 2 Economics.Ariana Buscigliopptx
Group Presentation 2 Economics.Ariana Buscigliopptx
ArianaBusciglio
 
Lapbook sobre os Regimes Totalitários.pdf
Lapbook sobre os Regimes Totalitários.pdfLapbook sobre os Regimes Totalitários.pdf
Lapbook sobre os Regimes Totalitários.pdf
Jean Carlos Nunes Paixão
 

Recently uploaded (20)

The Challenger.pdf DNHS Official Publication
The Challenger.pdf DNHS Official PublicationThe Challenger.pdf DNHS Official Publication
The Challenger.pdf DNHS Official Publication
 
Chapter 3 - Islamic Banking Products and Services.pptx
Chapter 3 - Islamic Banking Products and Services.pptxChapter 3 - Islamic Banking Products and Services.pptx
Chapter 3 - Islamic Banking Products and Services.pptx
 
CACJapan - GROUP Presentation 1- Wk 4.pdf
CACJapan - GROUP Presentation 1- Wk 4.pdfCACJapan - GROUP Presentation 1- Wk 4.pdf
CACJapan - GROUP Presentation 1- Wk 4.pdf
 
special B.ed 2nd year old paper_20240531.pdf
special B.ed 2nd year old paper_20240531.pdfspecial B.ed 2nd year old paper_20240531.pdf
special B.ed 2nd year old paper_20240531.pdf
 
Honest Reviews of Tim Han LMA Course Program.pptx
Honest Reviews of Tim Han LMA Course Program.pptxHonest Reviews of Tim Han LMA Course Program.pptx
Honest Reviews of Tim Han LMA Course Program.pptx
 
Unit 2- Research Aptitude (UGC NET Paper I).pdf
Unit 2- Research Aptitude (UGC NET Paper I).pdfUnit 2- Research Aptitude (UGC NET Paper I).pdf
Unit 2- Research Aptitude (UGC NET Paper I).pdf
 
June 3, 2024 Anti-Semitism Letter Sent to MIT President Kornbluth and MIT Cor...
June 3, 2024 Anti-Semitism Letter Sent to MIT President Kornbluth and MIT Cor...June 3, 2024 Anti-Semitism Letter Sent to MIT President Kornbluth and MIT Cor...
June 3, 2024 Anti-Semitism Letter Sent to MIT President Kornbluth and MIT Cor...
 
Francesca Gottschalk - How can education support child empowerment.pptx
Francesca Gottschalk - How can education support child empowerment.pptxFrancesca Gottschalk - How can education support child empowerment.pptx
Francesca Gottschalk - How can education support child empowerment.pptx
 
Digital Tools and AI for Teaching Learning and Research
Digital Tools and AI for Teaching Learning and ResearchDigital Tools and AI for Teaching Learning and Research
Digital Tools and AI for Teaching Learning and Research
 
Thesis Statement for students diagnonsed withADHD.ppt
Thesis Statement for students diagnonsed withADHD.pptThesis Statement for students diagnonsed withADHD.ppt
Thesis Statement for students diagnonsed withADHD.ppt
 
Marketing internship report file for MBA
Marketing internship report file for MBAMarketing internship report file for MBA
Marketing internship report file for MBA
 
Mule 4.6 & Java 17 Upgrade | MuleSoft Mysore Meetup #46
Mule 4.6 & Java 17 Upgrade | MuleSoft Mysore Meetup #46Mule 4.6 & Java 17 Upgrade | MuleSoft Mysore Meetup #46
Mule 4.6 & Java 17 Upgrade | MuleSoft Mysore Meetup #46
 
TESDA TM1 REVIEWER FOR NATIONAL ASSESSMENT WRITTEN AND ORAL QUESTIONS WITH A...
TESDA TM1 REVIEWER  FOR NATIONAL ASSESSMENT WRITTEN AND ORAL QUESTIONS WITH A...TESDA TM1 REVIEWER  FOR NATIONAL ASSESSMENT WRITTEN AND ORAL QUESTIONS WITH A...
TESDA TM1 REVIEWER FOR NATIONAL ASSESSMENT WRITTEN AND ORAL QUESTIONS WITH A...
 
Supporting (UKRI) OA monographs at Salford.pptx
Supporting (UKRI) OA monographs at Salford.pptxSupporting (UKRI) OA monographs at Salford.pptx
Supporting (UKRI) OA monographs at Salford.pptx
 
Synthetic Fiber Construction in lab .pptx
Synthetic Fiber Construction in lab .pptxSynthetic Fiber Construction in lab .pptx
Synthetic Fiber Construction in lab .pptx
 
Best Digital Marketing Institute In NOIDA
Best Digital Marketing Institute In NOIDABest Digital Marketing Institute In NOIDA
Best Digital Marketing Institute In NOIDA
 
The French Revolution Class 9 Study Material pdf free download
The French Revolution Class 9 Study Material pdf free downloadThe French Revolution Class 9 Study Material pdf free download
The French Revolution Class 9 Study Material pdf free download
 
aaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
aaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
aaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
 
Group Presentation 2 Economics.Ariana Buscigliopptx
Group Presentation 2 Economics.Ariana BuscigliopptxGroup Presentation 2 Economics.Ariana Buscigliopptx
Group Presentation 2 Economics.Ariana Buscigliopptx
 
Lapbook sobre os Regimes Totalitários.pdf
Lapbook sobre os Regimes Totalitários.pdfLapbook sobre os Regimes Totalitários.pdf
Lapbook sobre os Regimes Totalitários.pdf
 

The following accounts were taken from ABC CompanySolutionCalculation (1).docx

  • 1. The following accounts were taken from ABC Company Solution Calculation of Total Assets: Amount($) Account Receivable 64,000 +Building 81,000 +Cash 30,000 +Equipment 68,000 Less: Accumulated Depreciation (27,000 + 4,000) 31,000 +Inventory 62,000 +Prepaid Insurance (for 20 months) (18,000 / 24 x 20) 15,000 +Trademark 31,000 Total Assets 320,000