How do you compute 1. Current assets. 2. Long-term assets. 3. Current liabilities. 4. Long-term liabilities. 5. Stockholders' equity. In my balance shee I have four entries. Land, Cash, Building, Accounts payable, Notes Payable (short terms) and equipment, capital stock, retained...

I know someone in Massachusetts who will be filing for divorce at any time. I wish to give this person a gift of some stock, but I want it to be solely their possession come the divorce. If I give them a stock certificate in their name only, could it be divided up with the rest of the assets come...

Problem: Total assets = 11,700 Net working capital = 1400 Owners Equity = 5000 Long Term Debt = 3500 How do I get Current Assets out of the above?

Some companies have an asset account called "Renovations". If renovations should be considered an asset, then shouldn't repairs of capital assets be as well? I'm asking this because my textbook puts repairs immediately in the expense account.

My brother in law lives with his mother (he's legally blind and death), but has incurred about 20K in credit card debt. He has consolidated all this debt with one of the companies that his credit card company recommended to him. He is on limited income and has found that he can't even make this...