As of December 31, 2012, Montross Company had $400 cash. During 2013, Montross earned $1,200 of cash revenue and paid $800 of cash expenses. The amount of cash shown on the 2013 balance sheet would be
A) $300.
B) $800.
C) $1,100.
D) $2,400.
Correct Answer:
Verified
Q69: The net cash flow from financing activities
Q71: Freed Company paid $500 cash for salary
Q72: The amount of retained earnings on Petras's
Q73: Expenses are shown on the
A)balance sheet.
B)income statement.
C)statement
Q75: Jiminez Company paid a $300 cash dividend.
Q76: The amount of assets on Petras's 2013
Q77: Which of the following items would appear
Q78: The net cash inflow from financing activities
Q79: The amount of liabilities on La Paz's
Q89: Liabilities are shown on the
A)income statement.
B)balance sheet.
C)statement
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