A balance sheet shows the following balances (all in local currency) : Advance deposits 3,000; Inventory 6,000; Accounts payable 2,000; Bank 3,000; Equity 5,000; Current maturities of long-term debt 30,000; Accounts receivable x. What is x?
A) 6000
B) 14000
C) 21000
D) 31000
Correct Answer:
Verified
Q1: A business depreciates its real estate in
Q3: On 1 January, the equity of a
Q4: If a balance sheet is ordered fixed
Q5: At LOW levels of leverage, what can
Q6: 'Advance Deposits' may be considered as debts
Q7: Sibelicious Corp. buys a new photocopier for
Q8: A restaurant owner wants to expand and
Q9: Oogles Ltd. has listed the following amounts
Q10: Scholtes Corp. has current assets of €
Q11: The bank lending money to ACME requires
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents