What is the amount of the liabilities

Assignment Help Accounting Basics
Reference no: EM132784089

Question - The liabilities of Salmorin equal one-third of the total asset and the owner's equity is P240,000. What is the amount of the liabilities?

Reference no: EM132784089

Questions Cloud

What is meant by significant deficiencies : What is meant by "significant deficiencies" as they relate to internal control. What should the auditor do when he or she has discovered significant deficiency
Analyze importance of intelligence and counterintelligence : Analyze the importance of both intelligence and counterintelligence in the fight against terrorism. Create an argument for which is more important to homeland.
Expain foster diversity and inclusion in the workplace : Imagine you will be presenting at a conference for an audience of newly hired human resource professionals. Share your knowledge about how to evaluate the effec
What is meant by the control environment : Describe the four broad objectives management has when designing effective internal control. What is meant by the "control environment"?
What is the amount of the liabilities : The liabilities of Salmorin equal one-third of the total asset and the owner's equity is P240,000. What is the amount of the liabilities
Discuss about the african american military history : Tell the class the history of this person(s) or units as it relates to African American Military History and remember to cite where you found your information.
How is management risk assessment relevant to the audit : What is the key internal control risk at a small business, and how can a small business owner deal with it? How is management's risk assessment relevant
What are three r of sustainability : 1. What are three R's of sustainability? Explain by giving example of a company in UAE that has implemented these three R's?
How you could be conscious of presentism in the study : Consider a recent event, either in your personal life or in the news. In a few sentences, describe a way that a past historical event could inform your.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Manufacturing cost-stoney manufacturing

The following information pertains to Stoney Manufacturing for 20X6:Direct labour $ 30,000Sales 400,000Selling expenses 50,000Raw (Direct) materials on hand:

  A company that uses the allowance method to account for its

a company that uses the allowance method to account for its bad debts had credit sales of 740000 in 2001 including a

  What is effect on net cash provided by operating activities

The statement of cash flows has been prepared using the indirect method. What is the effect on net cash provided by operating activities for the year

  Calculate the book value of the machine at December

A Company uses the double-declining balance method to record depreciation on its assets. Calculate the book value of the machine at December 31, 2022

  Prepare a vertical common-size analysis

Using the balance sheets, prepare a vertical common-size analysis for 2007 and 2006. Use total assets as a base

  Can Bryan sue Amina

In September, Amina hired Bryan as a delivery man. Bryan was to commence work on 1 November. Can Bryan sue Amina

  Respect to intellectual capital disclosure

Explain the concept of intellectual capital disclosures in United Arab Emirates - you will have an idea how to write the write the assignment

  What would have been the earnings before income taxes

If accrued expenses and other current liabilities had not been recorded, what would have been the earnings (loss) before income taxes

  How useful are financial statements in planning

How useful are financial statements in planning your company's future financial needs? When are they a good starting point and when are they less useful?

  Indicate the factor of most significance

Indicate the factor of most significance in today's business environment

  What is the basic earnings per share

Meisenhelder declared and paid $80,000 in cash dividends on its nonconvertible preferred stock. What is the 2020 basic earnings per share (rounded)

  Prepare the journal to record the repayment of the loan

The fiscal year ended on 6/30/2015. Prepare the journal to record the repayment of the loan after the 90days loan period

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