Let bank of chance deposit = x
Merchant bank deposit = 4x
Utopian deposit = 0.25*(x+4x) = 0.25*5x = 1.25x
x + 4x +1.25x = 700
6.25x = 700
x = 700/6.25 = 112
Deposit into Utopian financing account = 112*1.25 = $140
Deposit into Utopian financing account= $140
B) the money is available in case a national emergency occurs.
C)the money grows , increasing the national wealth.
D)goverments borrow the money by selling bonds.
Retained earnings e
Income tax expense
Accrued payable .
cash .
Selling and administrative expenses .
Plant and equipment .
Operating expense .
Marketable securities
Interest expense
A) Four of these items are found on the balance sheet
B) Six of these items are found on the balance sheet.
C) Five of these items are found on the balance shect.
D) Three of these items are found on the balance sheet
Answer:
B) Six of these items are found on the balance sheet.
Explanation:
Six items fall under assets or liabilities or share capital, which only appear in the balance sheet rather than income statement.
The items are the following;
Accounts receivable
Accrued payable
cash
Plant and equipment
Marketable securities
Retained earnings