The December 31, 2024, adjusted trial balance of Odom Company includes the following accounts: Determine which accounts

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The December 31, 2024, adjusted trial balance of Odom Company includes the following accounts:

Determine which accounts are non-current assets and prepare the non-current assets section of the balance sheet as at December 31, 2024.

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Accounting Principles Volume 1

ISBN: 9781119786818

9th Canadian Edition

Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak

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Question Posted: Jul 01, 2023 05:39 AM

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The December 31, 2024, adjusted trial balance of Odom Company includes the following accounts: Determine which accounts

Question:

Supplies Notes payable (due March 1, 2026) Accumulated depreciation-equipment Equipment Accumulated depreciation-building Notes receivable (due April 1, 2025) $ 2,900 28,000 25,800 43,000 37,400 7,800 Land Building Trademarks Goodwill Merchandise inventory $ 85,000 125,000 12,300 5,520 14,000

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ODOM COMPANY Balance Sheet December 31 2024 Noncurrent ...View the full answer

Accounting Principles Volume 1

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