1. What are the transactions that lead to capital fluctuations as a result of the following transactions?

1. Borrow 10 million won in cash from a bank.

2. Rent was incurred 1 million won but promised to pay it later.

3. Pay 2 million won in cash.

4. Collect 3 million won of accounts receivable in cash.

2. What is the company's capital (net assets) when the company's assets and liabilities are as follows?

Inventories                         100,000,

Notes receivables            40,000

Accounts payables          70,000,

Supplies                               80,000,

Accounts payable            10,000

1. 220,000

2. 160,000

3. 140,000

4. 60,000

3. The following is the data obtained from the company's test balance sheet for the current year.

Assets                                   85,000,

Liabilities                              32,000,

Equities                                30,000,

Revenues                                  ?

Expenses                             43,000

How much profit will be recorded on the trial balance for the current period?

1. 44,000

2. 46,000

3. 66,000

4. 73,000

4. The following is the data obtained from the company's test balance sheet for the current year.

Assets                                   250,000,

Liabilities                              120,000,

Equities                                           ?,

Revenues                            150,000,

Expenses                             100,000

How much capital will be displayed in the company's statement of financial position at the end of the current period?

1. 80,000

2.100,000

3.120,000

Answer rating: 100% (QA)

1st Answer Option 2 Rent was incurred 1 million won but ... View the full answer