Listed here are a number of accounts

Assignment Help Financial Accounting
Reference no: EM13912244

Listed here are a number of accounts: Land, Common stock, Merchandise inventory, Equipment, Cost of goods sold, Accounts receivable, Interest expense, Supplies, Long term debt, Cash, Sales, Accounts payable, Buildings, Retained earnings.

Required:

Which of the accounts listed above are not assets? How would you categorize each of these non asset accounts?

Reference no: EM13912244

Questions Cloud

Why is sampling so important : Why is sampling so important? Some people have argued that sampling is not beneficial, because important aspects of the population may be omitted. Do you agree or disagree with that line of thinking?
Calculate the percentage reduction in the pull force : Determine the maximum number of teeth, per groove, that can be in contact with the workpiece when cutting dry and calculate the percentage reduction in the pull force on the broaching bar
Calculate ksp for baso4 : Barium sulfate, BaSO4, is so insoluble that it can be swallowed without significant danger, even though Ba2+ ions are toxic. At 25 °C, 1.00 L of water dissolves only 0.00245 g BaSO4. Calculate Ksp for BaSO4.
Estimating costs based on behavior patterns : Estimating costs based on behavior patterns. The following information provides the amount of cost incurred in August for the cost items indicated. During August, 8,000 units of the firm's single product were manufactured.
Listed here are a number of accounts : Listed here are a number of accounts: Land, Common stock, Merchandise inventory, Equipment, Cost of goods sold,
Computing sells a tablet computer called the protab : Creative Computing sells a tablet computer called the Protab-This warranty guarantees that Creative will cover any costs that arise due to repairs or replacements associated with defective products for up to six months
Equatoria for a large dam project : The World Bank is considering an application from the country of Equatoria for a large dam project.It is also possible that the new lake area may contribute to the spread of water-borne diseases.
Find the population after five years : A town of population 25,000 grows at a constant rate of 1500 people every year. Find the population after 5 years
How does this opinion differ from a standard auditor report : Bases upon the discussion, prepare the auditor's report that King and Company rendered at the end of the year 2011 engagement. How does this opinion differ from a standard auditor's report?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd