Finnish Motors Has the Following Balance Sheet Accounts: Land $150,000

question 123

Multiple Choice

Finnish Motors has the following balance sheet accounts: Land $150,000
Equipment 90,000
Salaries Payable 12,000
Notes Payable 99,000
Supplies 10,000
Cash 25,000
Common Stock 40,000
Retained Earnings 100,000
Accounts Payable ?
Prepaid Rent ?
If the company has total liabilities and stockholders' equity of $290,000,what is the balance of the company's Prepaid Rent account?

• A)$15,000.
• B)$25,000.
• C)$12,000.
• D)$39,000.

---

Definitions:

Informed Consent

A process by which a person voluntarily confirms their willingness to participate in a particular procedure, having understood its risks, benefits, and other related information.

Emergency

A sudden, unexpected situation requiring immediate action, often to prevent a worse outcome.

Client Testimonials

Statements given by clients, typically to attest to the quality and effectiveness of a service they received.

Satisfaction Surveys

Tools or questionnaires used to measure the level of satisfaction or happiness individuals experience in various aspects of their lives, such as work or services received.