1)At 31 October 20X6 Roger's trial balance included the following balances: Machinery at cost * Accumulated depreciation Inventory Trade receivables Trade payables * Bank overdraft O Cash at bank What is the value of Roger's current assets at 31 October 20X6? ? $17,649 (? $17,499 ? $15,974 D $13

1)At 31 October 20X6 Roger's trial balance included the following balances: Machinery at cost * Accumulated depreciation Inventory Trade receivables Trade payables * Bank overdraft O Cash at bank What is the value of Roger's current assets at 31 October 20X6? ? $17,649 (? $17,499 ? $15,974 D $13.734 $ 12,890 8,950 5,754 11,745 7,830 1.675 150 

2)You are going to purchase a new roll forming line for your broom handle operation. The purchase price of the line is $2.2 million. You will make a down payment of $300,000 and finance the rest of the line at 6% APR with 60 monthly payments. At 60 months, a final balloon payment of $200,000 will also be due. (a) What is the effective annual interest rate? (b) What is the amount of your monthly payment? (c) What is the total of payments you have made? (d) What is the total interest you have paid?

3)Why are the adjustments important to the preparation of the financial statements? (Check all that apply) Unadjusted financial statements will always show net income because the expense accounts have not been brought up to date. Adjustments ensure that the revenues earned and expenses incurred during the period are reflected in the income statement Adjustments ensure that the balance sheet reports all of the economic resources the company owns and all of the obligations the company owes Unadjusted financial statements could present a misleading and incomplete picture of the company's financial results.