Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. explain why : on december 31 of the current y

Explain why : On December 31 of the current year,...

50.1K

Verified Solution

Question

Accounting

Explain why :
image
On December 31 of the current year, a company reported the following items on its balance sheet: Cash $20,000; Accounts receivable $17,000; Supplies $3,000; Accounts payable $4,000. What amount should be reported as stockholders' equity? (4). $4,000 B. $14,000 C. $16,000 D. $36,000

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Geometry
1.2K views

10 400 350 300 250 200 150 100 50 Distance miles 1 2 Distance Traveled...

Chemistry
1.2K views

At 1 atm, how many moles of CO2 are released by raising the temperature of 1...

Biology
1.2K views

Please the word surgery breakdown: 1. Provide the full term definition. 2. Identify and label the...

Biology
1.2K views

Not until was invented were scientists like able to see what he Yan Leeuewenhoek

Physics
1.2K views

sing the expression 2d sin 0 2 one calculates the values of d by measuring...

Statistics
1.2K views

Mainline Produce Corporation acquired all the outstanding common stock of Iceberg Lettuce Corporation for 32...

Accounting
1.2K views

+ ID Page view | A Read aloud | Add text | Drau...

Accounting
1.2K views

During the current year, Bob's Ceramics Shop had sales revenue of $60,000, of...

Accounting
1.2K views

Jordan, Inc., holds 75 percent of the outstanding stock of Paxson Corporation. Paxson currently owes...

Accounting
1.2K views

war w pus pricing to determine various amounts. E9.21 (LO 2) Service Roxy's Recording Studio...

Accounting
1.2K views

Use the following information to calculate cash received from dividends: Dividends revenue Dividends receivable, January...

Finance
1.2K views

Suppose a stock is currently priced at $100 a share, and in one period it...