Complete the Balance Sheet

question 54

Multiple Choice

Complete the balance sheet.
-Clara's Secretarial Services: net worth $71,000; cash $39,000; accounts receivable $24,000; inventory $41,000; fixed assets $40,000; long-term notes $26,000; mortgages $10,000; accounts payable
$14,000; notes payable $23,000

• A)Assets: 39,000; 0; 24,000; 41,000; 104,000; 40,000; 144,000 Liabilities: 26,000; 14,000; 40,000; 10,000; 23,000; 33,000; 73,000 Owner's Equity: 71,000; 144,000
• B)Assets: 39,000; 0; 24,000; 41,000; 104,000; 40,000; 144,000 Liabilities: 23,000; 14,000; 37,000; 10,000; 26,000; 36,000; 73,000 Owner's Equity: 71,000; 144,000
• C)Assets: 39,000; 0; 24,000; 104,000; 41,000; 40,000; 144,000 Liabilities: 26,000; 14,000; 40,000; 10,000; 23,000; 33,000; 73,000 Owner's Equity: 71,000; 144,000
• D)Assets: 39,000; 0; 24,000; 41,000; 104,000; 40,000; 144,000 Liabilities: 26,000; 14,000; 40,000; 10,000; 23,000; 33,000; 71,000 Owner's Equity: 73,000; 144,000

Identify methods to adjust computer settings and app configurations.

Recognize the essential elements and tools within software suites.

Understand the concepts and applications of basic computer graphics and presentations.

Understand the principles of asset depreciation and be able to explain the difference between various depreciation methods such as straight-line and double-declining-balance.

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Definitions:

Economic Coercion

The practice of compelling or influencing another party's decisions through economic measures rather than by force or direct regulation, often involving threats to financial stability.

Contract

A legally enforceable contract established between two or more entities.

Void

describes a legal situation where a contract or agreement has no legal force or effect, essentially rendering it null.

Deception

The act of misleading or deceiving someone by presenting false information or concealing the truth.