Wildhorse Co. showed the following balances at the end of its first year: Cash Prepaid insurance Accounts receivable Accounts payable Notes payable Common stock 15120 760 3780 3020 4540 5830 760 31320 18900 Revenues What amount did Wildhorse Co. show as total credits?
a. $44710O
b. $45470
c. $43960
d $46220
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Wildhorse Co. showed the following balances at the end of its first year: Cash Prepaid insurance Accounts receivable Accounts payable Notes ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Serendipity Inc. is re-evaluating its debt level. Its current capital structure consists of 80% debt and 20% common equity, its beta is 1.60, and its tax rate is 35%.
Answers (1)
Which of the following transactions does not take place in a market for a factor of production? Select one: a. Karl provides plumbing services for a plumbing company and receives an hourly wage from the company for his services. b.
Answers (1)
A company has Net Income of $10, which included $2 of depreciation expense. There were no other noncash expenses in Net Income and there were no gains or losses. Accounts receivable was $20 at the beginning of the year and $25 at the end of the year.
Answers (1)
Adam is using a atm to make a withdraw. the atm is affiliated with a differnt bamk than the bank where adam has his checking and savings accounts. how many fees will adam most likely have to pay for using the atm?
Answers (1)
Depreciation on factory equipment would be reported in the statement of cash flows prepared by the indirect method in: a. the cash flows from operating activities section. b. a separate schedule. c. the cash flows from investing activities section.
Answers (1)
New Questions in Business
Josh and Joe are opening a couture clothing boutique. There are no competing couture clothing boutiques in the area. They must decide how to organize the business.
Answers (1)
An accumulated depreciation account has a normal credit balance. increases on the debit side. is a contra-liability account. is offset against total assets on the balance sheet.
Answers (1)
If women are underutilized in an organization, the organization should implement plans to correct the underutilization. the organization should implement hiring quotas for women until the underutilization no longer exists.
Answers (1)
Which of the following is a deficiency of using a static planning budget in performance reports? A. The report compares actual revenues and costs at one level of activity with budgeted revenues and costs at the same level of activity B.
Answers (1)
Cindy is concerned because during the past four months her company has experienced difficulty in paying its bills on time. She knows if this continues, the firm will have difficulties in accomplishing its goals. Cindy is concerned with:A.
Answers (1)