Business, 28.02.2020 20:23, izzyisawesome5232

The accountant for Flagger Company prepared the following list of accounting equation element balances from the company's records for the year ended December 31: Fees earned $165,000 Cash $30,000 Accounts receivable 14,000 Selling expenses 44,000 Equipment 42,000 Flagger, capital 36,000 Accounts payable 12,000 Interest income 3,000 Salaries and wages expense 40,000 Rent expense 51,000 Income taxes payable 5,000 Prepaid rent 2,000 Notes payable 20,000 Income taxes expense 18,000 Prepare an Income Statement for Flagger Company in good form. Flagger Company Income Statement For the Year Ended December 31 Revenues: $ $ Expenses: $ Total expenses $

Answers: 3

Show answers

Other questions on the subject: Business

Business, 21.06.2019 20:30, Juniyahodge

He management's discussion and analysis (md& a) required in general purpose federal financial reporting is different than that required by gasb of state and local governments in that: a. it includes information about the agency's performance goals and results in addition to financial activities. b. it is outside the general purpose federal financial report and is optional, not required. c. it is a part of the basic financial statements and, as a result, it is audited along with the financial statements. d. there are no significant differences.

Answers: 2

continue

Business, 22.06.2019 10:50, iaminu50

Jen left a job paying $75,000 per year to start her own florist shop in a building she owns. the market value of the building is $120,000. she pays $35,000 per year for flowers and other supplies, and has a bank account that pays 5 percent interest. what is the economic cost of jen's business?

Answers: 3

continue

Business, 22.06.2019 11:00, hadwell34

You are attending college in the fall and you need to purchase a computer. you must finance the purchase because your parents will not purchase it for you, and you do not have the cash on hand to purchase it. in blank #1 determine which type of credit would you use to finance your purchase (installment, non-installment, or revolving credit). (2 points) in blank #2 defend your credit choice by explaining why your financing option is the best option for you. (2 points) in blank #3 explain why you selected that credit option over the other two options available. (2 points)

Answers: 3

continue

Business, 22.06.2019 21:30, robert7248

Consider the following three bond quotes; a treasury note quoted at 87.25, and a corporate bond quoted at 102.42, and a municipal bond quoted at 101.45. if the treasury and corporate bonds have a par value of $1,000 and the municipal bond has a par value of $5,000, what is the price of these three bonds in dollars? multiple choice $872.50, $1,000, $1,000, respectively $1,000, $1,024.20, $1,001.45, respectively $872.50, $1,024.20, $5,072.50, respectively $1,000, $1,000, $1,000, respectively

Answers: 3

continue

Do you know the correct answer?

The accountant for Flagger Company prepared the following list of accounting equation element balanc...