Which statements is true about the year-end balance sheet

Assignment Help Financial Accounting
Reference no: EM132778537

Problem 1: A health system builds a new hospital that costs $100 million to construct and also has a December 31st fiscal year-end value of $100 million. The health system funds the construction by borrowing $80 million from a bank and using $20 million of the health system's existing cash. Construction starts February 1st and is completed by November 15th of the same year. Which statements is true about the year-end balance sheet for the fiscal year in which the hospital is built? (MULTIPLE)

A. Assets will increase by $100 million
B. Assets will increase by $20 million
C. Assets will increase by $80 million
D. Liabilities will increase by $100 million
E. Liabilities will increase by $100 million
F. Liabilities will increase by $80 million
G. Liabilities will increase by $20 million

Reference no: EM132778537

Questions Cloud

Justify the relevance of training and development programmes : Justify the relevance of Training and Development programmes sequencing and structuring as far as T&D programmes concerns.
What is the fee that can charge to make : What is the fee (percentage of the investment in your fund, deducted at the end of the year) that you can charge to make the client indifferent
What are the trade-offs : What are the trade-offs in moving from a mechanistic to a organic organizational model - you are considering several alternatives
Identify a recent workplace change that you have witnessed : Identify a recent workplace change that you have witnessed or describe a workplace culture. Describe the change or culture, then answer the following questions.
Which statements is true about the year-end balance sheet : A health system builds a new hospital, Which statements is true about the year-end balance sheet for the fiscal year in which the hospital is built?
How will hwr be able to outperform its competitors : HWR is the second largest realtor in China. The company focuses on building customer relationships and pursues a growth strategy. The overall turnover rates at.
Identify a long-term health care facility in your area : What type of disaster plan should this organization have in place? What are three specific events that an HIM professional should prepare to prevent
Which statements reflects the resulting balance sheet change : Assume that the business uses $30,000 of its cash to pay salaries. Which of the statements reflects the resulting balance sheet change?
How have the issues affected the employer and employees : Tracy and Leanne has recently joined in VSTECS company about a month. Their job roles is a sales assistant for their co-worker. They would need to help out.

Reviews

Write a Review

Financial Accounting Questions & Answers

  From data calculate the inventory value in the balance

from data calculate the inventory value in the balance sheet.in your audit of jose oliva company you find that a

  How the central bank carries out the supervision role

Bank of Zambia, How the central bank carries out its supervision role and the significance of this supervision to the Zambian financial sector

  Find what will be price of a share of a company

Find what will be price of a share of a company with 5 million USD in balance sheet - equity, 500,000 shares of stock outstanding, and a price/book value ratio

  Multiple choice question based on stock

multiple choice question based on stock valuation.1.nbspcarter corporation had net income of 250000 and paid dividends

  Annual manufacturing overhead costs

Marquis Company estimates that annual manufacturing overhead costs will be $884,000. Estimated annual operating activity bases are direct labor cost $461,000, direct labor hours 46,000, and machine hours 101,000. Compute the predetermined overhead ra..

  Calculate the amount must deposit each year

Calculate the amount you must deposit each year, starting one year from today, so that you have enough funds for retirement.

  Find what is gross profit for the month for sunland company

Sunland Company uses a periodic inventory system. If the company uses FIFO and sells the units for $10 each, what is the gross profit for the month?

  What are companies registered with the securities

What are companies registered with the Securities & Exchange Commission (SEC) required to include with their financial reports and what are SEC financials required to adhere to and what additional information is required of SEC registrants that is no..

  What recording each rental receipt as rental revenue is

What recording each rental receipt as rental revenue is an example of? a debit balance in its fair value adjustment account./well-trained accountants

  How many months did leave the funds invested

Buy another property or move into an apartment. If Gerald earned $11,602.50 of interest, for how many months did he leave these funds invested?

  How many years will it be until the two accounts

How many years will it be until the two accounts have the same amount in them if you do not withdraw any money? You have $1,225 in a savings account

  What are their business model drivers

Is the organization at financial risk and how do I determine their operating reserve, capital replacement reserve, and risk of 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!

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