Question 7) These items are taken from the financial statements of D Smith Co, at December 31, 2020, Buildings
$105,800
Accounts receivables
12.270
Prepaid insurance
3,200
Cash
11.840
Equipment
82,400
Dividends
330
Land
61,200
Insurance expense
780
Depreciation expense
5,300
Interest expense
2,600
Common stock
60,000
Retained earnings (January 1, 2020) 40,000
Accumulated depreciation - buildings 45,600
Accounts payable
9,500
Notes payable
93.600
Accumulated depreciation - equipment
18,720
Interest payable
3.600
Service revenue
14,700
Instructions: Prepare a classified balance sheet (in color) in good form. Assume that $17,777 of the notes
payable will be paid in 2021.

Acompany factory is considered which type of resource a. land b. physical capital c. labor d. human capital

Which of the following differentiates cost accounting and financial accounting? a. the primary users of cost accounting are the investors, whereas the primary users of financial accounting are the managers. b. cost accounting measures only the financial information related to the costs of acquiring fixed assets in an organization, whereas financial accounting measures financial and nonfinancial information of a company's business transactions. c. cost accounting measures information related to the costs of acquiring or using resources in an organization, whereas financial accounting measures a financial position of a company to investors, banks, and external parties. d. cost accounting deals with product design, production, and marketing strategies, whereas financial accounting deals mainly with pricing of the products.

The era of venture capitalists doling out large sums of money to startups is a. just beginning b. on the rise c. over d. fading