A Corporation Had Cash of $14,000 and Total Assets of $178,300.On

question 47

True/False

A corporation had cash of $14,000 and total assets of $178,300.On a common-size balance sheet,cash would be reported as 7.85%.

---

Definitions:

Property Owner

An individual or entity that legally owns land or real estate.

Dispute

A disagreement or argument between parties, often requiring resolution.

Personal Property

refers to movable items owned by an individual or entity, as opposed to real property which includes land and buildings.

Real Property

Land and anything permanently affixed to it, such as buildings or trees, considered as a legal entity.