CourseLover

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About CourseLover

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Architecture and Design,Art & Design,Biology,Business & Finance,Calculus,Chemistry,Engineering,Health & Medical,HR Management,Law,Marketing,Math,Physics,Psychology,Programming,Science Hide all
Teaching Since: May 2017
Last Sign in: 283 Weeks Ago, 2 Days Ago
Questions Answered: 27237
Tutorials Posted: 27372

Education

  • MCS,MBA(IT), Pursuing PHD
    Devry University
    Sep-2004 - Aug-2010

Experience

  • Assistant Financial Analyst
    NatSteel Holdings Pte Ltd
    Aug-2007 - Jul-2017

Category > Business & Finance Posted 07 Dec 2017 My Price 10.00

statements about the Balance Sheet and Income Statement

4. Which of the following statements is (are) correct about the Balance Sheet and Income Statement? a. The income statement reflects a summary of activity that occurs over some period of time. b. The balance sheet is a snapshot taken at a single point in time. c. The balance sheet reflects the market value of the firm. d. The balance sheet is a financial statement summarizing a firm's performance over a period of time. (3 points)

 

5. Bogus Goods Corp. has retained earnings for last year of $300, and had common stock of $220, paid-in surplus of $180. The firm earned net income of $200 and paid a $40 dividend this current financial year. Determine the balance for Bogus Goods end of year retained earnings. (3 points)

 

6. Nike has the following end of year balances. Compute its long-term debt balance. Cash $30 Accounts payable $20 Net fixed Asset $220 Inventory $90 Stockholder's Equity $50 Accounts receivable $30 

Answers

(12)
Status NEW Posted 07 Dec 2017 08:12 AM My Price 10.00

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