On May 31 of the current year, the assets and liabilities of Riser, Incorporated are as follows: Cash $20,300; Accounts Receivable, $8,000; Supplies, $1,400; Equipment, $12,750; Accounts Payable, $10,150. What is the amount of equity as of May 31 of the current year? a. $52,600
b. $13,150
c. $20300
d. $32.300

In a macroeconomic context, what are implicit liabilities? money owed to people possessing government issued bonds. the amount of money that firms collectively owe to shareholders. money that the government has promised to pay in the future. payments that the federal government undertakes only during periods of recession. which of the choices is a significant implicit liability in the united states? military spending education spending national science foundation spending social security

Last year, johnson mills had annual revenue of $37,800, cost of goods sold of $23,200, and administrative expenses of $6,300. the firm paid $700 in dividends and had a tax rate of 35 percent. the firm added $2,810 to retained earnings. the firm had no long-term debt. what was the depreciation expense?

What do you think: would it be more profitable to own 200 shares of penny’s pickles or 1 share of exxon? why do you think that?