Question and answer
Quirk Company has the following cash balances: Cash in Bank $15,742, Payroll Bank Account $6,000, and Plant Expansion Fund Cash $25,000. Explain how each balance should be reported on the balance
sheet.
Current Assets Cash & Cash Equivalents - 21,742 Non-Current Assets Investment (Plant Expension Fund) 25,000 Since the cash in the Plant Expansion Fund is restricted for a specific purpose reduces its liquidity and must be classified as a [ non-current asset, usually as an long term investment. ]
Get an answer
Original conversation
User: Quirk Company has the following cash balances: Cash in Bank $15,742, Payroll Bank Account $6,000, and Plant Expansion Fund Cash $25,000. Explain how each balance should be reported on the balance sheet.

Weegy: Current Assets Cash & Cash Equivalents - 21,742 Non-Current Assets Investment (Plant Expension Fund) 25,000 Since the cash in the Plant Expansion Fund is restricted for a specific purpose reduces its liquidity and must be classified as a [ non-current asset, usually as an long term investment. ]
Expert answered|selymi|Points 10616|

User: The principle of an efficient accounting system that states that an accounting system should accommodate a variety of users is

Weegy: The principle of an efficient accounting system that states that an accounting system should accommodate a variety of users is flexibility.
Expert answered|selymi|Points 10616|

User: To be useful, the information outputs of a system should be

Weegy: To be useful, the information outputs of a system should be relevant, reliable, timely, and accurate.
Expert answered|selymi|Points 10616|

User: Which of the following is a true statement about manual and electronic accounting systems? Few small companies begin with manual systems. The design and structure of manual and electronic systems are essentially the same. Many companies convert from electronic to manual systems. The design and structure of manual and electronic systems are fundamentally different.

Question
Asked 6/10/2013 5:04:38 AM
0 Answers/Comments
New answers
Rating

There are no new answers.

Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
21,546,179 questions answered
Popular Conversations
Which best identifies the underlined clause? These flower fossils," ...
Weegy: What is the underlined clause in this sentence? "These flower fossils," which came from a vacant lot", are the ...
7/1/2015 2:25:37 AM| 2 Answers
Who is the main character in the necklace
7/1/2015 5:59:25 AM| 2 Answers
In the speech "The Question of South Africa," Tutu uses what literary ...
Weegy: In the speech "The Question of South Africa," Tutu uses what literary skill in his speech to get his point ...
7/1/2015 6:38:29 AM| 2 Answers
What crop is the South most known for? a. corn c. cotton ...
Weegy: A crop is the South most known for CORN.
7/1/2015 6:46:55 AM| 2 Answers
____ determines the overall lightness or darkness of an entire image. ...
Weegy: Brightness determines the overall lightness or darkness of an entire image. User: A photo's color intensity ...
7/1/2015 8:41:33 AM| 2 Answers
Match the example to the common sentence error. 1. uses is ...
Weegy: B)occur when an adverb or other word is placed between to and the verb User: Factor 30y 2 z + 12yz 2 - 18yz. ...
7/1/2015 9:01:05 AM| 2 Answers
Weegy Stuff
S
1
L
P
1
1
Points 85 [Total 1491]| Ratings 1| Comments 75| Invitations 0|Offline
S
1
Points 40 [Total 551]| Ratings 0| Comments 40| Invitations 0|Offline
S
1
L
L
Points 6 [Total 8386]| Ratings 0| Comments 6| Invitations 0|Offline
S
L
P
P
Points 4 [Total 3563]| Ratings 0| Comments 4| Invitations 0|Offline
S
Points 4 [Total 4]| Ratings 0| Comments 4| Invitations 0|Offline
S
P
C
L
P
L
1
P
P
1
P
1
P
Points 2 [Total 9531]| Ratings 0| Comments 2| Invitations 0|Offline
S
R
Points 2 [Total 204]| Ratings 0| Comments 2| Invitations 0|Offline
S
Points 1 [Total 1]| Ratings 0| Comments 1| Invitations 0|Offline
S
Points 1 [Total 44]| Ratings 0| Comments 1| Invitations 0|Offline
Points 0 [Total 0]| Ratings 0| Comments 0| Invitations 0|Offline
Home | Contact | Blog | About | Terms | Privacy | Social | ©2015 Purple Inc.