Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. included are my answers. unsure if they are correc

INCLUDED ARE MY ANSWERS. UNSURE IF THEY ARE CORRECT. Answer the question...

60.1K

Verified Solution

Question

Accounting

INCLUDED ARE MY ANSWERS. UNSURE IF THEY ARE CORRECT.

imageimage

Answer the question using the following ending balances: Accounts Payable 24,786 Cash 28,143 Common Stock 1,384 Cost of Goods Sold 2,584 Interest Expense 3,567 Inventory 17,897 Long-Term Debt 174,804 Property, Plant, and Equipment 370,095 Sales 7,967 What are the total liabilities of the firm? Your Answer: 205,741 Answer Answer the question using the following ending balances: Accounts Payable Cash Common Stock Cost of Goods Sold Interest Expense Inventory Long-Term Debt Property, Plant, and Equipment Sales What is the net income of the firm? 24,982 27,957 1,486 2,368 3,957 17,991 174,644 376,182 7,743 Your Answer: 225,408

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