Question : 130.An example of a monetary asset is a. Retained Earnings. b. : 1244105

130.An example of a monetary asset is

 

a.

Retained Earnings.

b.

Accounts Receivable.

c.

Land.

d.

Copyright.

 

 

 

131.Stockholders’ equity of a corporation would not show

 

a.

additional paid-in capital on stock issued.

b.

the par value of stock issued.

c.

retained earnings.

d.

revenues and expenses.

 

 

 

132.All of the following will affect retained earnings, except

 

a.

investments by owners.

b.

revenues earned.

c.

expenses incurred.

d.

dividends declared and paid.

 

 

 

133.A liability would not include an obligation to

 

a.

provide services.

b.

transfer assets.

c.

hire an employee.

d.

pay cash.

 

 

 

134.Which of the following assets could be described as nonphysical?

 

a.

Cash

b.

Equipment

c.

Patents

d.

Buildings

 

 

 

135.Total stockholders’ equity equals retained earnings plus

 

a.

total liabilities.

b.

contributed capital.

c.

par value.

d.

additional paid-in capital.

 

 

 

136.Which of the following financial statements is concerned with the enterprise at a point in time?

 

a.

Balance sheet

b.

Statement of retained earnings

c.

Statement of cash flows

d.

Income statement

 

 

 

137.              Flores Realty Corporation had the following balance sheet accounts and balances:

 

Accounts Payable

$6,000

 

Common Stock

?

Accounts Receivable

1,000

 

Equipment

$7,000

Building

?

 

Land

7,000

Cash

3,000

 

Retained Earnings

2,000

 

If the balance of the Common Stock account were $21,500, what would be the balance of the Building account?

 

a.

$11,500

b.

$6,500

c.

$23,500

d.

$27,500

 

 

 

138.              Flores Realty Corporation had the following balance sheet accounts and balances:

 

Accounts Payable

$6,000

 

Common Stock

?

Accounts Receivable

1,000

 

Equipment

$7,000

Building

?

 

Land

7,000

Cash

3,000

 

Retained Earnings

2,000

 

If the balance of the Building account were $10,500, what would be the total of liabilities and stockholders’ equity?

 

a.

$25,500

b.

$20,500

c.

$28,500

d.

$10,500

 

 

 

139.              Flores Realty Corporation had the following balance sheet accounts and balances:

 

Accounts Payable

$6,000

 

Common Stock

?

Accounts Receivable

1,000

 

Equipment

$7,000

Building

?

 

Land

7,000

Cash

3,000

 

Retained Earnings

2,000

 

If the balance of the Building account were $15,000 and if the equipment were sold for $7,000, what would be the total of stockholders’ equity?

 

a.

$15,000

b.

$27,000

c.

$33,000

d.

$16,000

 

 

 

 

Place your order
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more