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chris159128
24.03.2020 •
Business
The Tom Smith Corporation has the following items: Cash, $5,000; Machinery, $50,000; Building, $150,000; Note payable bank, $10,000; Savings, $10,000; Long-term debt, $50,000; Accounts payable, $30,000; Taxes payable, $5,000; Accounts receivable, $30,000; Inventory, $10,000; Depreciation Building, $35,000; Depreciation Machinery, $25,000; Land $50,000. Total assets for this Corporation are .
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Ответ:
The aggregate assets for the corporation amounts to $245,000
Explanation:
The aggregate assets for the corporation is computed as:
Total assets = Current assets + Long term assets
where
Current assets involve:
Current assets (CA) = Cash + Notes Payable + Accounts Receivable + Inventory
= $5,000 + $10,000 + $30,000 + $10,000
CA = $55,000
Long term assets involve:
Long term assets = (Machinery - Depreciation) + (Building - Depreciation) + Land
= ($50,000 - $25,000) + ($150,000 - $35,000) + $50,000
= $25,000 + $115,000 + $50,000
Long term assets = $190,000
Putting the values above:
Total assets = $55,000 + $190,000
Total assets = $245,000
Ответ:
The right answer is B. a factory that is built in an LDC but owned by a foreign company
Explanation:
The foreign company is investing their business in another country