This topic contains a solution. Click here to go to the answer

Author Question: Use the table for the question(s) below.Balance SheetAssetsLiabilitiesCurrent AssetsCurrent ... (Read 32 times)

bio_gurl

  • Hero Member
  • *****
  • Posts: 524
Use the table for the question(s) below.

Balance Sheet
AssetsLiabilities
Current AssetsCurrent Liabilities
Cash 50 Accounts payable 42
Accounts receivable22 Notes payable/short-term debt 7
Inventories 17
Total current assets 89Total current liabilities 49
Long-Term Assets Long-Term Liabilities
Net property, plant,
and equipment121Long-term debt 128
Total long-term assets 121 Total long-term liabilities 128
Total Liabilities 177
Stockholders' Equity 33
Total Assets 210Total Liabilities and210
Stockholders' Equity


The above diagram shows a balance sheet for a certain company. All quantities shown are in millions of dollars.  How would the balance sheet change if the company's long-term assets were judged to depreciate at an extra $5 million per year?
◦ Long-Term Liabilities would fall to $172 million, and Total Liabilities and Stockholders' Equity would be adjusted accordingly.
◦ Long-Term Liabilities would rise to $182 million, and Total Liabilities and Stockholders' Equity would be adjusted accordingly.
◦ Net property, plant, and equipment would fall to $116 million, and Total Assets and Stockholders' Equity would be adjusted accordingly.
◦ Net property, plant, and equipment would rise to $126 million, and Total Assets and Stockholders' Equity would be adjusted accordingly.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by bio_gurl on Jul 9, 2019

iceage

  • Guest
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 32% of students answer this correctly




bio_gurl

  • Member
  • Posts: 524
Reply 2 on: Jul 9, 2019
Gracias!


abro1885

  • Member
  • Posts: 337
Reply 3 on: Yesterday
Wow, this really help

 

Did you know?

Allergies play a major part in the health of children. The most prevalent childhood allergies are milk, egg, soy, wheat, peanuts, tree nuts, and seafood.

Did you know?

More than 50% of American adults have oral herpes, which is commonly known as "cold sores" or "fever blisters." The herpes virus can be active on the skin surface without showing any signs or causing any symptoms.

Did you know?

The top 10 most important tips that will help you grow old gracefully include (1) quit smoking, (2) keep your weight down, (3) take supplements, (4) skip a meal each day or fast 1 day per week, (5) get a pet, (6) get medical help for chronic pain, (7) walk regularly, (8) reduce arguments, (9) put live plants in your living space, and (10) do some weight training.

Did you know?

Atropine was named after the Greek goddess Atropos, the oldest and ugliest of the three sisters known as the Fates, who controlled the destiny of men.

Did you know?

Atropine, along with scopolamine and hyoscyamine, is found in the Datura stramonium plant, which gives hallucinogenic effects and is also known as locoweed.

For a complete list of videos, visit our video library