The account balances for KinderMorgan are listed below. All balances are as of December 31, 2022, except where noted: Account Title Balance Account Title Balance Accounts Payable $7,190 Inventory, 1/1/22 $1,630 Accounts Receivable, 1/1/22 3,564 Supplies 6,000 Accumulated Depreciation 17,200 Salaries Expense 9,000 Building ??? Net Revenue 51,204 Cash 8,200 Rent Expense 6,280 Common Stock 36,000 Retained Earnings, 1/1/22 18,780 Delivery Truck 7,800 Equipment 12,600 Depreciation Expense 3,370 Prepaid Expenses 2,100 Dividends 1,700 Cost of Goods Sold 13,080 Marketable Equity Securities 2,700 Notes Payable (due 2024) 4,300 Accounts Receivable, 12/31/22 4,200 Inventory, 12/31/22 2,930 Determine the Debt to Equity Ratio: Select one: a. 0.1317 b. 0.1584 c. 0.2097 d. 0.1513 e. 0.0990

Reporting of cash flows means a statement of cash flow which is a financial statement. A cash flow statement is prepared by gathering all the data regarding inflows and outflows of a company. The cash flow statement includes cash inflows and outflows fro…

A balance sheet is an integral part of the set of financial statements of an organization that reports the assets, liabilities, equity (shareholding) capital, other short and long-term debts, along with other related items. A balance sheet is one of the …

Financial statements are written records of an organization which provide a true and real picture of business activities. It shows the financial position and the operating performance of the company. It is prepared at the end of every financial cycle. It…

Before we begin to understand what Owner’s capital is and what Equity financing is to an organization, it is important to understand some basic accounting terminologies. A double-entry bookkeeping system Normal account balances are those which are expect…