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Question - Microtel began operations at the beginning of 20X6 with a $10,000 cash investments by stockholders. During 20X6, Mircrotel had a revenue on account of $5,000; of this amount $2,000 was collected during 20X6 and $3,000 was an outstanding receivable at year-end. Mircrotel incurred $3,000 of operating expenses during 20X6; of this amount $1,000 was unpaid at year end. During 20X6, $1000, cash was distributed as dividends. The only other transaction during 20X6 was the purchase of $5,000 of equipment for cash near the end of the year. How much were Microtel's total assets at year end?
List two possible ways to measure investor's earnings expectations. List Fair value hierarchy according to IFRS 13, ASC 820-10
these last two questions are giving me trouble. if anyone has any help to give me i would truly appreciate it.exercise
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