Multiple Choice
If the Notes Payable balance is $25,000,then the total assets of Gordon,Inc.at December 31,2018 amount to:
A) $ 27,500.
B) $152,500.
C) $120,000.
D) $165,000.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q46: A strong statement of financial position shows:<br>A)Large
Q47: [The following information applies to the questions
Q48: Total assets must always equal total liabilities
Q49: Which of the following is correct if
Q50: If total assets equal $345,000 and total
Q52: Which of the following best defines an
Q53: Capital stock represents:<br>A)The amount invested in the
Q54: Accounting equation<br>(A. )During the current year,the assets
Q55: Effects of transactions on elements of the
Q56: [The following information applies to the questions