Balance Sheet Classifications and Relationships Stoker and Co has the following balance sheet elements as of December 31, 2009 Required Compute the total amount of 1 Current assets 2 Long term assets 3 Current liabilities 4 Long term liabilities 5 Stockholders equity Land Cash $136,000 Mortgage pay...

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Balance Sheet Classifications and Relationships Stoker and Co. has the following balance sheet elements as of December

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Balance Sheet Classifications and Relationships Stoker and Co. has the following balance sheet elements as of December 31, 2009.

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Compute the total amount of:
1. Current assets.
2. Long-term assets.
3. Current liabilities.
4. Long-term liabilities.
5. Stockholders’ equity

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Accounting Concepts And Applications

ISBN: 9780324376159

10th Edition

Authors: W. Steve Albrecht, James D. Stice, Earl K. Stice, Monte R. Swain

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Balance Sheet Classifications and Relationships Stoker and Co. has the following balance sheet elements as of December

Question:

Land Cash $136,000 Mortgage payable $253,000 Capital stock 200,000 Building.. 225,000 Retained earnings 186,000 Accounts payable 101,000 Inventory 72,000 Notes payable (short-term) 98,000 Accounts receivable 119,000 Equipment 215,000

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Accounting Concepts And Applications

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