User Account

All Pages

What was total assets on ABC balance sheet

Assignment Help Accounting Basics
Reference no: EM133043410

Question - ABC Inc. was incorporated two years ago by issuing 1,000 shares of common stock at $200 and borrowing $30,000 from a bank on a long-term note. Last year, ABC reported net income of $10,000 and paid a cash dividend of $800. During the year, the company also borrowed an additional $7,600 from the bank. What was total assets on ABC's balance sheet at the end of the year last year?

Reference no: EM133043410

Questions Cloud

Sufficient authorization cards to the nlrb : These employees submitted sufficient authorization cards to the NLRB to show interest in the representation by the SEIU.
Create azure vm for your company network : When would you want to create an Azure VM for your company's network? When you create an Azure VM, is it easy to turn off or remove it from your subscription?
Limitation or disadvantages to networking opportunity : Introduction (provided by online source, no author, 2020): Networking is an integral part of the business world today. While the concept of building contacts as
Practical manner to current work environment : How the knowledge, skills, or theories of this course have been applied, or could be applied, in a practical manner to your current work environment
What was total assets on ABC balance sheet : During the year, the company also borrowed an additional $7,600 from the bank. What was total assets on ABC's balance sheet at the end of the year last year
Describe the key objective of occupational health : Describe the key objective of occupational health and safety legislation in canada?
Rfid case study : Why did NFL equip its players with RDIF tags? What factors contributed to the success of the IoT initiative at the NFL?
Study of rpm and with reference : With the benefit of your study of RPM and with reference to specific occupations and professions evaluate the following statement.
How much will bill need to save for one-year tuition : He will graduate from high school in five years. Roughly how much will Bill need to save for one-year's tuition to account for an annual rate of inflation of 3%

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