User Account

All Pages

What amount should be shown in Valley balance sheet

Assignment Help Accounting Basics
Reference no: EM132579557

Question - As of December 31, 2018, Valley Company has $16,920 cash in its checking account, as well as several other items listed below:

Bank credit card slips signed by customers $1,400

Money market fund balance $10,000

Investment in U.S. Treasury bills, mature within 90 days $40,000

Checks received from customers, but not yet deposited in the bank $1,800 Investment in ATT 10% bonds, maturing June 2019 $60,000

What amount should be shown in Valley's December 31, 2018, balance sheet as "Cash and cash equivalents"?

a. $53,200

b. $70,120

c. $130,120

d. $113,200

Reference no: EM132579557

Questions Cloud

Find the LIFO effect : The ending inventory on December 31 is $29,980 at FIFO cost and $25,810 at LIFO cost. Find the LIFO effect
Briefly state and name the countries and organizations : Briefly state and name the countries and organizations identified as the targeted victims?-need 2 replies 100 words each
What amount of inventory should Beck Company report : Beck Company also has consigned goods of $73,000 awaiting sale with Meyer Company. What amount of inventory should Beck Company report
What selling price per unit would have established for job : If Moody uses a markup percentage of 120% of its total manufacturing cost, then what selling price per unit would it have established for Job 400?
What amount should be shown in Valley balance sheet : What amount should be shown in Valley's December 31, 2018, balance sheet as "Cash and cash equivalents"
Find the cost of goods manufactured for july is : Find The cost of goods manufactured for July is? Any underapplied or overapplied manufacturing overhead is closed out to cost of goods sold.
Find the net realizable value of accounts receivable : Prior to adjustments, Willett Company's account balances at December 31, 2018, Find the net realizable value of accounts receivable
Discuss the impact of seasonality : Discuss how you would combine the two concepts to create visualizations for an ABM-Based Gaming simulation for policy making
What the balance in raw materials inventory account on may : What The balance in the raw materials inventory account on May 30 was? Dacosta Corporation had only one job in process on May 1.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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