Showing posts with label Bronco Company. Show all posts
Showing posts with label Bronco Company. Show all posts

Saturday, October 10, 2020

The following financial information is from Bronco Company. All debt is due within one year unless

The following financial information is from Bronco Company. All debt is due within one year unless stated otherwise.


Retained Earnings $ 52,000

Supplies 37,000

Equipment 72,000

Accounts Receivable 8,600

Deferred Revenue 6,000

Accounts Payable 15,000

Common Stock 25,000

Notes Payable (due in 18 months) 35,000

Interest Payable 7,000

Cash 22,400


What is the amount of current liabilities?


A) $63,000.

B) $28,000.

C) $45,600.

D) $22,000.


Answer: B

Bull Gator Industries is considering a new assembly line costing $6,000,000. The assembly line will be fully depreciated

Bull Gator Industries is considering a new assembly line costing $6,000,000. The assembly line will be fully depreciated by the simplified s...